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MongoDB Stock Jump On Thursday, Outperforms Market – Via News

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(VIANEWS) – The NASDAQ ended the session with MongoDB jumping 9.41% to $195.07 on Thursday, following the last session’s upward trend. NASDAQ jumped 1.13% to $11,082.00, after four successive sessions in a row of losses, on what was an all-around positive trend trading session today.

MongoDB’s last close was $178.30, 68.75% below its 52-week high of $570.58.

About MongoDB

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.

Earnings Per Share

As for profitability, MongoDB has a trailing twelve months EPS of $-4.53.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -53.94%.

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MONGODB, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL …

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Unless the context otherwise indicates, references in this report to the terms
"MongoDB," "the Company," "we," "our" and "us" refer to MongoDB, Inc., its
divisions and its subsidiaries. The following discussion and analysis of our
financial condition and results of operations should be read in conjunction with
(1) our interim unaudited condensed consolidated financial statements and
related notes appearing elsewhere in this Quarterly Report on Form 10-Q and (2)
the audited consolidated financial statements and the related notes and the
discussion under the heading "Management's Discussion and Analysis of Financial
Condition and Results of Operations" included in our Annual Report on Form 10-K
for the fiscal year ended January 31, 2022 (the "2022 Form 10-K"). All
information presented herein is based on our fiscal calendar year, which ends
January 31. Unless otherwise stated, references to particular years, quarters,
months or periods refer to our fiscal years ended January 31 and the associated
quarters, months and periods of those fiscal years.

This Quarterly Report on Form 10-Q contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended (the
"Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). These statements are often identified by the use
of words such as "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "may," "plan," "project," "will," "would" or the negative or
plural of these words or similar expressions or variations, including our
expectations regarding our future growth opportunity, revenue and revenue
growth, investments, strategy, operating expenses and the anticipated impact of
the global economic uncertainty and financial market conditions, caused by the
COVID-19 pandemic and the macroeconomic environment, on our business, results of
operations and financial condition. Such forward-looking statements are subject
to a number of risks, uncertainties, assumptions and other factors that could
cause actual results and the timing of certain events to differ materially from
future results expressed or implied by the forward-looking statements. Factors
that could cause or contribute to such differences include, but are not limited
to, those identified herein, and those discussed in the section titled "Risk
Factors," set forth in Part 2, Item 1A of this Quarterly Report on Form 10-Q.
You should not rely upon forward-looking statements as predictions of future
events. Furthermore, such forward-looking statements speak only as of the date
of this report. Except as required by law, we undertake no obligation to update
any forward-looking statements to reflect events or circumstances after the date
of such statements.

Our corporate website is located at www.mongodb.com. We make available free of
charge, on or through our corporate website, our annual, quarterly and current
reports, and any amendments to those reports, as soon as reasonably practicable
after electronically filing such reports with, or furnishing such reports to,
the Securities and Exchange Commission ("SEC"). Information contained on our
corporate website is not part of this Quarterly Report on Form 10-Q or any other
report filed with or furnished to the SEC.

Overview


MongoDB is the leading modern, general purpose database platform. Our robust
platform enables developers to build and modernize applications rapidly and
cost-effectively across a broad range of use cases. Organizations can deploy our
platform at scale in the cloud, on-premise, or in a hybrid environment. Through
our unique document-based architecture, we are able to address the needs of
organizations for performance, scalability, flexibility and reliability while
maintaining the strengths of legacy databases. Software applications continue to
redefine how organizations across industries engage with their customers,
operate their businesses and compete with each other. A database is at the heart
of every software application. As a result, selecting a database is a highly
strategic decision that directly affects developer productivity, application
performance and organizational competitiveness. Our platform addresses the
performance, scalability, flexibility and reliability demands of modern
applications while maintaining the strengths of legacy databases. Our business
model combines the developer mindshare and adoption benefits of open source with
the economic benefits of a proprietary software subscription business model.
MongoDB is headquartered in New York City and our total headcount increased to
4,534 as of October 31, 2022, from 3,223 as of October 31, 2021.

We generate revenue primarily from sales of subscriptions, which accounted for
96% of our total revenue for each of the three and nine months ended October 31,
2022 and October 31, 2021.

MongoDB Atlas is our hosted multi-cloud database-as-a-service ("DBaaS") offering
that includes comprehensive infrastructure and management, which we run and
manage in the cloud. During the three and nine months ended October 31, 2022,
MongoDB Atlas revenue represented 63% and 62%, respectively, as compared to 58%
and 55% of our total revenue during the three and nine months ended October 31,
2021, respectively, reflecting the continued growth of MongoDB Atlas since its
introduction in June 2016. We have experienced strong growth in self-serve
customers of MongoDB Atlas. These

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customers are charged monthly in arrears based on their usage. In addition, we
have also seen growth in MongoDB Atlas customers sold by our sales force. These
customers typically sign annual contracts and pay in advance or are invoiced
monthly in arrears based on usage.

MongoDB Enterprise Advanced is our proprietary commercial database server
offering for enterprise customers that can run in the cloud, on-premise or in a
hybrid environment. MongoDB Enterprise Advanced revenue represented 29% and 30%
of our subscription revenue for the three and nine months ended October 31,
2022, respectively, and 34% and 36% of our subscription revenue for the three
and nine months ended October 31, 2021, respectively. We sell subscriptions
directly through our field and inside sales teams, as well as indirectly through
channel partners. The majority of our subscription contracts are one year in
duration and are invoiced upfront. When we enter into multi-year subscriptions,
we typically invoice the customer on an annual basis.

Many of our enterprise customers initially get to know our software by using
Community Server, which is our free-to-download version of our database that
includes the core functionality developers need to get started with MongoDB
without all the features of our commercial platform. Our platform has been
downloaded from our website more than 325 million times since February 2009 and
over 115 million times in the last 12 months alone. We also offer a free tier of
MongoDB Atlas, which provides access to our hosted database solution with
limited processing power and storage, as well as certain operational
limitations. As a result, with the availability of both Community Server and
MongoDB Atlas free tier offerings, our direct sales prospects are often familiar
with our platform and may have already built applications using our technology.
A core component of our growth strategy for MongoDB Atlas and MongoDB Enterprise
Advanced is to convert developers and their organizations who are already using
Community Server or the free tier of MongoDB Atlas to become customers of our
commercial products and enjoy the benefits of either a self-managed or hosted
offering.

We also generate revenue from services, which consist primarily of fees
associated with consulting and training services. Revenue from services
accounted for 4% of our total revenue for each of the three and nine months
ended October 31, 2022 and October 31, 2021. We expect to continue to invest in
our services organization as we believe it plays an important role in
accelerating our customers' realization of the benefits of our platform, which
helps drive customer retention and expansion.

We believe the market for our offerings is large and growing. According to IDC,
the worldwide database software market, which it refers to as the data
management software market, is forecast to be approximately $84 billion in 2022
growing to approximately $138 billion in 2026, representing a 13% compound
annual growth rate. We have experienced rapid growth and have made substantial
investments in developing our platform and expanding our sales and marketing
footprint. We intend to continue to invest to grow our business to take
advantage of our market opportunity.

Impact of the COVID-19 Pandemic and Macroeconomic Conditions


The COVID-19 pandemic has impacted the United States ("U.S.") and the world. The
full extent of the impact of the COVID-19 pandemic on our future operational and
financial performance will depend on certain developments, including the
duration and spread of the outbreak and the impact of new variants of the virus
that cause COVID-19; the public health measures taken by authorities and other
entities to contain and treat COVID-19; and the impact of the COVID-19 pandemic
on the global economy and on our current and prospective customers, employees,
vendors and other parties with whom we do business, all of which are uncertain
and cannot be predicted.

In 2020, we adopted several measures in response to the COVID-19 pandemic,
including temporarily requiring employees to work remotely, suspending
non-essential travel by our employees, and replacing in-person marketing events
(including our annual developer conference) with virtual events. In 2021, we
began to re-open our offices in the United States and certain other locations
globally for employees to voluntarily return. Business travel also resumed
during 2021 on a voluntary basis and we started to hold in-person marketing
events. In April 2022, we moved forward with our return to office plan, which
encompasses a hybrid approach to in-office attendance based on the different
needs of teams across the company. During 2022, we experienced an increase in
business travel, in-person marketing events, and office-related costs. We expect
these and other costs to increase during the year ended January 31, 2023 and
result in higher charges compared to the prior year.

We are also impacted by adverse macroeconomic conditions, including slower or
negative economic growth, higher inflation and higher interest rates. During the
three and nine months ended October 31, 2022, the macroeconomic environment
negatively impacted our business. For instance, we experienced slower than
historical growth of our existing Atlas applications.

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We continue to monitor the developments of the COVID-19 pandemic and the
macroeconomic environment on our business and we may adjust our business
practices accordingly. For further discussion of the potential impacts of the
COVID-19 pandemic and the macroeconomic environment on our business, operating
results, and financial condition, see the section titled "Risk Factors" included
in Part II, Item 1A of this Quarterly Report on Form 10-Q. Other factors
affecting our performance are discussed below, although we caution you that the
COVID-19 pandemic may also impact these factors.

Key Factors Affecting Our Performance

Growing Our Customer Base and Expanding Our Global Reach


We are intensely focused on continuing to grow our customer base. We have
invested, and expect to continue to invest, in our sales and marketing efforts
and developer community outreach, which are critical to driving customer
acquisition. As of October 31, 2022, we had over 39,100 customers across a wide
range of industries and in over 100 countries, compared to over 31,000 customers
as of October 31, 2021. All affiliated entities are counted as a single customer
and our definition of "customer" excludes users of our free offerings.

As of October 31, 2022, we had over 5,900 customers that were sold through our
direct sales force and channel partners, as compared to over 3,900 such
customers as of October 31, 2021. These customers, which we refer to as our
Direct Sales Customers, accounted for 87% of our subscription revenue for both
the three and nine months ended October 31, 2022 and 85% and 84% of our
subscription revenue for the three and nine months ended October 31, 2021,
respectively. The percentage of our subscription revenue from Direct Sales
Customers increased during both the three and nine months ended October 31,
2022, in part due to existing self-serve customers of MongoDB Atlas becoming
Direct Sales Customers. We are also focused on increasing the number of overall
MongoDB Atlas customers as we emphasize the on-demand scalability of MongoDB
Atlas by allowing our customers to consume the product with minimal commitment.
We had over 37,600 MongoDB Atlas customers as of October 31, 2022 compared to
over 29,500 as of October 31, 2021. The growth in MongoDB Atlas customers
included new customers to MongoDB and existing MongoDB Enterprise Advanced
customers adding incremental MongoDB Atlas workloads.

In an effort to expand our global reach, in October 2019, we announced a
partnership with Alibaba Cloud to offer an authorized MongoDB-as-a-service
solution allowing customers of Alibaba Cloud to use this managed offering from
their data centers globally. We expanded our reach in China in February 2021
when we announced the launch of a global partnership with Tencent Cloud that
allows customers to easily adopt and use MongoDB-as-a-Service across Tencent's
global cloud infrastructure.

Increasing Adoption of MongoDB Atlas


MongoDB Atlas, our hosted multi-cloud offering, is an important part of our
run-anywhere strategy. To accelerate the adoption of this database-as-a-service
offering, we provide tools to easily migrate existing users of our Community
Server offering to MongoDB Atlas. We have also expanded our introductory
offerings for MongoDB Atlas, including a free tier, which provides limited
processing power and storage in order to drive usage and adoption of MongoDB
Atlas among developers. Our MongoDB Atlas free tier offering is available on all
three major cloud providers (Amazon Web Services ("AWS"), Google Cloud Platform
("GCP") and Microsoft Azure) in North America, Europe and Asia Pacific. In
addition, MongoDB Atlas is available on AWS Marketplace, making it easier for
AWS customers to buy and consume MongoDB Atlas. Our business partnership with
GCP provides deeper product integration and unified billing for GCP customers
who are also MongoDB Atlas customers and offers GCP customers a seamless
integration between MongoDB Atlas and GCP. The availability of MongoDB Atlas on
the Microsoft Azure Marketplace offers unified billing for joint customers of
MongoDB Atlas and Microsoft and makes it easier for established Azure customers
to purchase and use MongoDB Atlas.

We have also expanded the functionality available in MongoDB Atlas beyond that
of our Community Server offering. We expect this will drive further adoption of
MongoDB Atlas as companies migrate mission-critical applications to the public
cloud. The enterprise capabilities that we have introduced to MongoDB Atlas
include advanced security features, enterprise-standard authentication and
database auditing. We have invested significantly in MongoDB Atlas and our
ability to drive the adoption of MongoDB Atlas is a key component of our growth
strategy.

Retaining and Expanding Revenue from Existing Customers

The economic attractiveness of our subscription-based model is driven by
customer renewals and increasing existing customer subscriptions over time,
referred to as land-and-expand. We believe that there is a significant
opportunity to drive

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additional sales to existing customers, and expect to invest in sales and
marketing and customer success personnel and activities to achieve additional
revenue growth from existing customers. If an application grows and requires
additional capacity, our customers increase their usage of our platform. Growth
of an application is impacted by a number of factors including the macroeconomic
environment. During the three and nine months ended October 31, 2022, we believe
we experienced a negative impact from the macroeconomic environment on the
growth of existing Atlas applications, which affected our revenue growth. We
expect the macroeconomic environment to continue to negatively impact our
revenue growth for the remainder of the year. In addition, our customers expand
their subscriptions to our platform as they migrate additional existing
applications or build new applications, either within the same department or in
other lines of business or geographies. Also, as customers modernize their
information technology infrastructure and move to the cloud, they may migrate
applications from legacy databases. Our goal is to increase the number of
customers that standardize on our database within their organization. Over time,
the subscription amount for our typical Direct Sales Customer has increased.

We calculate annualized recurring revenue ("ARR") and annualized monthly
recurring revenue ("MRR") to help us measure our subscription revenue
performance. ARR includes the revenue we expect to receive from our customers
over the following 12 months based on contractual commitments and, in the case
of Direct Sales Customers of MongoDB Atlas, by annualizing the prior 90 days of
their actual consumption of MongoDB Atlas, assuming no increases or reductions
in their subscriptions or usage. For all other customers of our self-serve
products, we calculate annualized MRR by annualizing the prior 30 days of their
actual consumption of such products, assuming no increases or reductions in
usage. ARR and annualized MRR exclude professional services. The number of
customers with $100,000 or greater in ARR and annualized MRR was 1,545 and 1,201
as of October 31, 2022 and 2021, respectively. Our ability to increase sales to
existing customers will depend on a number of factors, including customers'
satisfaction or dissatisfaction with our products and services, competition,
pricing, economic conditions or overall changes in our customers' spending
levels.

We also examine the rate at which our customers increase their spend with us,
which we call net ARR expansion rate. We calculate net ARR expansion rate by
dividing the ARR at the close of a given period (the "measurement period"), from
customers who were also customers at the close of the same period in the prior
year (the "base period"), by the ARR from all customers at the close of the base
period, including those who churned or reduced their subscriptions. For Direct
Sales Customers included in the base period, measurement period or both such
periods that were self-serve customers in any such period, we also include
annualized MRR from those customers in the calculation of the net ARR expansion
rate. Our net ARR expansion rate has consistently been over 120% demonstrating
our ability to expand within existing customers.


Components of Results of Operations

Revenue


Subscription Revenue. Our subscription revenue is comprised of term licenses and
hosted as-a-service solutions. Subscriptions to term licenses include technical
support and access to new software versions on a when-and-if available basis.
Revenue from our term licenses is recognized upfront for the license component
and ratably for the technical support and when-and-if available update
components. Associated contracts are typically billed annually in advance.
Revenue from our hosted as­a­service solutions is primarily generated on a usage
basis and is billed either in arrears or paid upfront. The majority of our
subscription contracts are one year in duration. When we enter into multi-year
subscriptions, we typically invoice the customer on an annual basis. Our
subscription contracts are generally non-cancelable and non-refundable.

Services Revenue. Services revenue is comprised of consulting and training
services and is recognized over the period of delivery of the applicable
services. We recognize revenue from services agreements as services are
delivered.


We expect our revenue may vary from period to period based on, among other
things, the timing and size of new subscriptions, customer usage patterns, the
proportion of term license contracts that commence within the period, the rate
of customer renewals and expansions, delivery of professional services, the
impact of significant transactions and seasonality of or fluctuations in usage
for our consumption­based customers.

Cost of Revenue


Cost of Subscription Revenue. Cost of subscription revenue primarily includes
third-party cloud infrastructure expenses for our hosted as-a-service solutions.
We expect our cost of subscription revenue to increase in absolute dollars as
our subscription revenue increases and, depending on the results of MongoDB
Atlas, our cost of subscription revenue may increase as a percentage of
subscription revenue as well. Cost of subscription revenue also includes
personnel costs, including salaries, bonuses and benefits and stock-based
compensation, for employees associated with our subscription arrangements
principally related to technical support and allocated shared costs, as well as
depreciation and amortization.
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Cost of Services Revenue. Cost of services revenue primarily includes personnel
costs, including salaries, bonuses and benefits, and stock­based compensation,
for employees associated with our professional service contracts, as well as,
travel costs, allocated shared costs and depreciation and amortization. We
expect our cost of services revenue to increase in absolute dollars as our
services revenue increases.

Gross Profit and Gross Margin

Gross Profit. Gross profit represents revenue less cost of revenue.


Gross Margin. Gross margin, or gross profit as a percentage of revenue, has been
and will continue to be affected by a variety of factors, including the average
sales price of our products and services, the mix of products sold, transaction
volume growth and the mix of revenue between subscriptions and services. We
expect our gross margin to fluctuate over time depending on the factors
described above and, to the extent MongoDB Atlas revenue increases as a
percentage of total revenue, our gross margin may decline as a result of the
associated hosting costs of MongoDB Atlas.

Operating Expenses


Our operating expenses consist of sales and marketing, research and development
and general and administrative expenses. Personnel costs are the most
significant component of each category of operating expenses. Operating expenses
also include travel and related costs and allocated overhead costs for
facilities, information technology and employee benefit costs.

Sales and Marketing. Sales and marketing expense consists primarily of personnel
costs, including salaries, sales commission and benefits, bonuses and
stock­based compensation. These expenses also include costs related to marketing
programs, travel­related expenses and allocated overhead. Marketing programs
consist of advertising, events, corporate communications, and brand­building and
developer­community activities. We expect our sales and marketing expense to
increase in absolute dollars over time as we expand our sales force and increase
our marketing resources, expand into new markets and further develop our
self-serve and partner channels.

Research and Development. Research and development expense consists primarily of
personnel costs, including salaries, bonuses and benefits, and stock­based
compensation. It also includes amortization associated with intangible acquired
assets and allocated overhead. We expect our research and development expenses
to continue to increase in absolute dollars, as we continue to invest in our
platform and develop new products.

General and Administrative. General and administrative expense consists
primarily of personnel costs, including salaries, bonuses and benefits, and
stock­based compensation for administrative functions including finance, legal,
human resources and external legal and accounting fees, as well as allocated
overhead. We expect general and administrative expense to increase in absolute
dollars over time as we continue to invest in the growth of our business, as
well as incur the ongoing costs of compliance associated with being a
publicly-traded company.

Other Income (Expense), Net

Other income (expense), net consists primarily of interest income, interest
expense, gains and losses on investments and gains and losses from foreign
currency transactions.

Provision for Income Taxes

Provision for income taxes consists primarily of state income taxes in the
United States and income taxes in certain foreign jurisdictions in which we
conduct business.


We account for income taxes and the related accounts under the liability method.
Deferred tax liabilities and assets are determined based on the difference
between the financial statement and tax bases of assets and liabilities, using
enacted rates expected to be in effect during the year in which the basis
differences reverse.

We regularly assess the need for a valuation allowance against our deferred tax
assets. In making that assessment, we consider both positive and negative
evidence related to the likelihood of realization of the deferred tax assets to
determine, based on the weight of available evidence, whether it is more likely
than not that some or all of the deferred tax assets will not be realized. We
have maintained a valuation allowance on U.S., U.K. and Ireland net deferred tax
assets, as it is more likely than not that some or all of the deferred tax
assets will not be realized.

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We continue to monitor and interpret the impact of proposed and enacted global
tax legislation, such as the U.S. Tax Cuts and Jobs Act of 2017 ("Tax Act"). To
date, based on the net operating losses and full valuation allowances against
our two most significant tax jurisdictions, the United States and Ireland, the
impact of global enacted and proposed legislation has not had an impact on the
tax provisions of the financial statements. We continue to monitor to ensure
both our financial results and our related tax disclosures are in compliance
with any tax legislation.

Three and Nine Months Ended October 31, 2022 Summary


For the three months ended October 31, 2022, our total revenue increased to
$333.6 million as compared to $226.9 million for the three months ended October
31, 2021, primarily driven by an increase in subscription revenue from our
Direct Sales Customers. Our net loss increased to $84.8 million for the three
months ended October 31, 2022 as compared to $81.3 million for the three months
ended October 31, 2021, as improvement in gross profit was offset by higher
sales and marketing spend and research and development costs during the three
months ended October 31, 2022.

For the nine months ended October 31, 2022, our total revenue increased to
$922.7 million as compared to $607.3 million for the nine months ended October
31, 2021, primarily driven by an increase in subscription revenue from our
Direct Sales Customers. Our net loss increased to $281.0 million for the nine
months ended October 31, 2022 as compared to $222.4 million for the nine months
ended October 31, 2021, primarily driven by increased sales and marketing and
research and development costs during the nine months ended October 31, 2022.

Our operating cash flow was $(38.8) million and $(15.3) million for the nine
months ended October 31, 2022 and 2021, respectively.

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Results of Operations

The following tables set forth our results of operations for the periods
presented in U.S. dollars (unaudited, in thousands) and as a percentage of our
total revenue. Percentage of revenue figures are rounded and therefore may not
subtotal exactly.

                                                  Three Months Ended October 31,             Nine Months Ended October 31,
                                                     2022                2021                  2022                   2021
Consolidated Statements of Operations Data:
Revenue:
Subscription                                     $  320,756          $ 217,871          $        886,944          $  583,822
Services                                             12,865              9,022                    35,784              23,466
Total revenue                                       333,621            226,893                   922,728             607,288
Cost of revenue:
Subscription(1)                                      77,150             57,378                   213,154             153,735
Services(1)                                          16,502             11,086                    46,990              29,959
Total cost of revenue                                93,652             68,464                   260,144             183,694
Gross profit                                        239,969            158,429                   662,584             423,594
Operating expenses:
Sales and marketing(1)                              177,419            120,360                   509,285             327,627
Research and development(1)                         106,392             82,256                   310,801             219,403
General and administrative(1)                        39,081             32,581                   116,204              87,309
Total operating expenses                            322,892            235,197                   936,290             634,339
Loss from operations                                (82,923)           (76,768)                 (273,706)           (210,745)
Other income (expense), net                           3,117             (2,276)                    1,936              (9,262)
Loss before provision for income taxes              (79,806)           (79,044)                 (271,770)           (220,007)
Provision for income taxes                            5,035              2,249                     9,230               2,411
Net loss                                         $  (84,841)         $ (81,293)         $       (281,000)         $ (222,418)




(1)  Includes stock­based compensation expense as follows (unaudited, in
thousands):

                                                 Three Months Ended October 31,            Nine Months Ended October 31,
                                                    2022                2021                  2022                  2021
Cost of revenue-subscription                    $    5,016          $   3,934          $        14,492          $  10,322
Cost of revenue-services                             2,827              1,521                    7,599              4,473
Sales and marketing                                 38,352             24,790                  104,539             64,749
Research and development                            41,458             29,205                  117,583             73,227
General and administrative                          11,545              9,258                   35,105             24,556

Total stock­based compensation expense $ 99,198 $ 68,708 $ 279,318 $ 177,327




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                                               Three Months Ended October 31,               Nine Months Ended October 31,
                                                 2022                  2021                   2022                  2021
Percentage of Revenue Data:
Revenue:
Subscription                                          96  %                 96  %                  96  %                 96  %
Services                                               4  %                  4  %                   4  %                  4  %
Total revenue                                        100  %                100  %                 100  %                100  %
Cost of revenue:
Subscription                                          23  %                 25  %                  23  %                 25  %
Services                                               5  %                  5  %                   5  %                  5  %
Total cost of revenue                                 28  %                 30  %                  28  %                 30  %
Gross profit                                          72  %                 70  %                  72  %                 70  %
Operating expenses:
Sales and marketing                                   53  %                 53  %                  55  %                 54  %
Research and development                              32  %                 37  %                  34  %                 36  %
General and administrative                            12  %                 14  %                  12  %                 15  %
Total operating expenses                              97  %                104  %                 101  %                105  %
Loss from operations                                 (25) %                (34) %                 (29) %                (35) %
Other income (expense), net                            1  %                 (1) %                   -  %                 (2) %
Loss before provision for income taxes               (24) %                (35) %                 (29) %                (37) %
Provision for income taxes                             1  %                  1  %                   1  %                  -  %
Net loss                                             (25) %                (36) %                 (30) %                (37) %


Comparison of the Three Months Ended October 31, 2022 and 2021

Revenue

                                     Three Months Ended October 31,                    Change
(unaudited, in thousands)                  2022                    2021             $            %
Subscription                  $        320,756                  $ 217,871      $ 102,885        47  %
Services                                12,865                      9,022          3,843        43  %
Total revenue                 $        333,621                  $ 226,893      $ 106,728        47  %


Total revenue growth reflects increased demand for our platform and related
services. Subscription revenue increased by $102.9 million primarily due to an
increase of $95.0 million from our Direct Sales Customers, inclusive of Direct
Sales Customers who were self-serve customers of MongoDB Atlas in the prior-year
period. The increase in services revenue was driven primarily by the continued
increase in delivery of consulting services.

Cost of Revenue, Gross Profit and Gross Margin Percentage


                                      Three Months Ended October 31,        

Change

(unaudited, in thousands)             2022                         2021            $            %
Subscription cost of revenue   $       77,150                  $  57,378       $ 19,772        34  %
Services cost of revenue               16,502                     11,086          5,416        49  %
Total cost of revenue                  93,652                     68,464         25,188        37  %
Gross profit                   $      239,969                  $ 158,429       $ 81,540        51  %
Gross margin                               72   %                     70  %
Subscription                               76   %                     74  %
Services                                  (28)  %                    (23) %


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                                 MONGODB, INC.

The increase in subscription cost of revenue was primarily due to a
$16.8 million increase in third­party cloud infrastructure costs, including
costs associated with the growth of MongoDB Atlas, although we continue to
realize efficiencies in our third-party cloud infrastructure costs as we scale
MongoDB Atlas. In addition, subscription cost of revenue was higher due to a
$2.0 million increase in personnel costs and stock-based compensation associated
with increased headcount in our support organization. The increase in services
cost of revenue was primarily due to a $3.3 million increase in personnel costs
and stock-based compensation associated with increased headcount in our services
organization. Total headcount in our support and services organizations
increased 39% from October 31, 2021 to October 31, 2022.

Our overall gross margin increased to 72%. Our subscription gross margin
benefited from efficiencies realized in managing our third-party cloud
infrastructure costs, offset by the negative impact from the increasing
percentage of revenue from MongoDB Atlas. The impact of higher services
personnel costs and stock based compensation and lower utilization rate resulted
in a lower services gross margin.

Operating Expenses

Sales and Marketing

                                     Three Months Ended October 31,                   Change
(unaudited, in thousands)                  2022                    2021            $            %
Sales and marketing           $        177,419                  $ 120,360      $ 57,059        47  %


The increase in sales and marketing expense included $38.6 million from higher
personnel costs and stock-based compensation, driven by an increase in our sales
and marketing headcount to 2,276 as of October 31, 2022 from 1,528 as of
October 31, 2021, which includes non-quota-carrying hires in sales operations,
customer success and marketing. Sales and marketing expense also increased
$11.8 million from costs associated with our higher headcount, including higher
travel costs related to in-person events and higher commissions expense. In
addition, sales and marketing expenses increased by $2.6 million due to
increased spending on marketing programs, including the return to in-person
attendance for our marketing events.

Research and Development

                                      Three Months Ended October 31,                   Change
(unaudited, in thousands)                   2022                     2021           $            %
Research and development      $         106,392                   $ 82,256      $ 24,136        29  %


The increase in research and development expense was primarily driven by a
$21.3 million increase in personnel costs and stock-based compensation as we
grew our research and development headcount by 26%. Research and development
expense also increased due to higher travel costs and higher office-related
expenses driven by higher headcount. Travel costs and office-related expenses
increased also due to the easing of restrictions related to the COVID-19
pandemic.

General and Administrative

                                      Three Months Ended October 31,                   Change
(unaudited, in thousands)                   2022                     2021           $           %
General and administrative    $         39,081                    $ 32,581      $ 6,500        20  %


The increase in general and administrative expense was due to higher costs to
support the growth of our business and to maintain compliance as a public
company. In particular, these higher costs were driven by an increase in general
and administrative personnel headcount resulting in an increase of $6.7 million
in personnel costs and stock-based compensation. These higher costs were partly
offset by a decrease in bad debt expense of $1.3 million.


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                                 MONGODB, INC.

Other Income (Expense), Net

                                     Three Months Ended October 31,                    Change
(unaudited, in thousands)                  2022                     2021           $            %
Other income (expense), net   $        3,117                     $ (2,276)     $ 5,393        (237) %

Other income (expense), net for the three months ended October 31, 2022 improved
due to higher interest income from our short-term investments.

Provision for Income Taxes

                                      Three Months Ended October 31,                    Change
(unaudited, in thousands)                    2022                     2021           $           %
Provision for income taxes    $          5,035                      $ 2,249      $ 2,786       124  %


The provision for income taxes during the three months ended October 31, 2022
and 2021 was primarily due to global income and the associated foreign taxes as
we continue our global expansion.


Comparison of the Nine Months Ended October 31, 2022 and 2021

Revenue

                                     Nine Months Ended October 31,                   Change
(unaudited, in thousands)                 2022                   2021             $            %
Subscription                  $       886,944                 $ 583,822      $ 303,122        52  %
Services                               35,784                    23,466         12,318        52  %
Total revenue                 $       922,728                 $ 607,288      $ 315,440        52  %


Total revenue growth reflects increased demand for our platform and related
services. Subscription revenue increased by $303.1 million primarily due to an
increase of $277.8 million from our Direct Sales Customers, inclusive of the
impact from Direct Sales Customers who were self-serve customers of MongoDB
Atlas in the prior-year period. The growth in services revenue was driven
primarily by the continued increase in delivery of consulting services.

Cost of Revenue, Gross Profit and Gross Margin Percentage


                                      Nine Months Ended October 31,         

Change

(unaudited, in thousands)             2022                        2021             $            %
Subscription cost of revenue   $      213,154                 $ 153,735       $  59,419        39  %
Services cost of revenue               46,990                    29,959          17,031        57  %
Total cost of revenue                 260,144                   183,694          76,450        42  %
Gross profit                   $      662,584                 $ 423,594       $ 238,990        56  %
Gross margin                               72   %                    70  %
Subscription                               76   %                    74  %
Services                                  (31)  %                   (28) %


The increase in subscription cost of revenue was primarily due to a
$48.1 million increase in third­party cloud infrastructure costs, including
costs associated with the growth of MongoDB Atlas. The increase in third-party
infrastructure costs was partly offset by continued cost efficiencies realized
as we scale MongoDB Atlas. In addition, subscription cost of revenue was higher
due to a $8.0 million increase in personnel costs and stock-based compensation
associated with increased headcount in our support organization. The increase in
services cost of revenue was primarily due to a $10.6 million increase in
personnel costs and stock-based compensation associated with increased headcount
in our services organization, and a $3.4 million increase in costs driven by an
increase in the volume of consulting and training services. Total headcount in
our support and services organizations increased 39% from October 31, 2021 to
October 31, 2022.

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                                 MONGODB, INC.

Our overall gross margin improved to 72%. Our subscription gross margin
increased to 76% as efficiencies realized in managing our third-party cloud
infrastructure costs more than offset the negative margin impact from the
increasing percentage of revenue from MongoDB Atlas. The impact of higher
services personnel costs and stock-based compensation and lower utilization rate
resulted in negative services gross margin.

Operating Expenses

Sales and Marketing

                                     Nine Months Ended October 31,                   Change
(unaudited, in thousands)                 2022                   2021             $            %
Sales and marketing           $       509,285                 $ 327,627      $ 181,658        55  %


The increase in sales and marketing expense included $109.0 million from higher
personnel costs and stock-based compensation, driven by an increase in our sales
and marketing headcount to 2,276 as of October 31, 2022 from 1,528 as of
October 31, 2021, which includes non-quota-carrying hires in sales operations,
customer success and marketing. Sales and marketing expense also increased
$55.6 million from costs associated with our higher headcount, including higher
commissions expense, higher travel costs related to in-person events and higher
computer hardware and software expenses. In addition, sales and marketing
expenses increased by $12.2 million due to increased spending on marketing
programs including the return to in-person attendance for our MongoDB World
event.

Research and Development

                                     Nine Months Ended October 31,                  Change
(unaudited, in thousands)                 2022                   2021            $            %
Research and development      $       310,801                 $ 219,403      $ 91,398        42  %


The increase in research and development expense was primarily driven by a
$77.5 million increase in personnel costs and stock-based compensation as we
increased our research and development headcount by 26%. Research and
development expense also increased $13.4 million due to higher computer hardware
and software expenses, increased third-party infrastructure costs and higher
travel costs driven by higher headcount. Travel costs increased also due to the
easing of restrictions related to the COVID-19 pandemic.

General and Administrative

                                     Nine Months Ended October 31,                   Change
(unaudited, in thousands)                  2022                    2021           $            %
General and administrative    $        116,204                  $ 87,309      $ 28,895        33  %


The increase in general and administrative expense was due to higher costs to
support the growth of our business and to maintain compliance as a public
company. In particular, these higher costs were driven by an increase in general
and administrative personnel headcount resulting in $23.2 million higher
personnel costs and stock-based compensation. In addition, general and
administrative expense increased due to higher professional services fees,
higher office-related expenses driven by higher headcount and higher travel
costs. The increase in travel costs was primarily driven by higher headcount and
the easing of restrictions related to the COVID-19 pandemic.

Other Income (Expense), Net


                                     Nine Months Ended October 31,          

Change

(unaudited, in thousands)                  2022                    2021           $             %
Other income (expense), net   $        1,936                    $ (9,262)   

$ 11,198 (121) %



Other income (expense), net, for the nine months ended October 31, 2022 improved
primarily due to gain on investments, related to our non-marketable securities,
higher interest income from our short-term investments, as well as lower
interest expense following the redemption of convertible securities.

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                                 MONGODB, INC.

Provision for Income Taxes

                                      Nine Months Ended October 31,                    Change
(unaudited, in thousands)                   2022                     2021           $           %
Provision for income taxes    $          9,230                     $ 2,411      $ 6,819       283  %


The provision for income taxes during the nine months ended October 31, 2022 and
2021 was primarily due to global income and the associated foreign taxes as the
Company continues its global expansion. The provision for income taxes during
the nine months ended October 31, 2021 was offset by the release of the
valuation allowance as a result of goodwill recorded associated with an
immaterial business combination, as well as the reversal of the deferred tax
liability associated with convertible debt upon the adoption of ASU 2020-06.

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                                 MONGODB, INC.

Liquidity and Capital Resources


As of October 31, 2022, our principal sources of liquidity were cash, cash
equivalents, short­term investments and restricted cash totaling $1.8 billion.
Our cash and cash equivalents primarily consist of bank deposits and money
market funds. Our short­term investments consist of U.S. government treasury
securities, and our restricted cash represents collateral for our available
credit on corporate credit cards. We believe our existing cash and cash
equivalents and short­term investments will be sufficient to fund our operating
and capital needs for at least the next 12 months.

We have generated significant operating losses and negative cash flows from
operations as reflected in our accumulated deficit and historical consolidated
statements of cash flows. As of October 31, 2022, we had an accumulated deficit
of $1.5 billion. We expect to continue to incur operating losses, may continue
to experience negative cash flows from operations in the future and may require
additional capital resources to execute strategic initiatives to grow our
business. Our future capital requirements and adequacy of available funds will
depend on many factors, including our growth rate and any impact on it from
global macroeconomic conditions, including rising interest rates and inflation,
the timing and extent of spending to support development efforts, the expansion
of sales and marketing and international operation activities, the timing and
size of new subscription introductions and customer usage of our platform, the
continuing market acceptance of our subscriptions and services and the impact of
the COVID-19 pandemic on the global economy and our business, financial
condition and results of operations. As the impact of the COVID-19 pandemic and
macroeconomic conditions on the global economy and our operations continues to
evolve, we will continue to assess our liquidity needs. We may in the future
enter into arrangements to acquire or invest in complementary businesses,
services and technologies, including intellectual property rights. We may be
required to seek additional equity or debt financing. In the event that
additional financing is required from outside sources, we may not be able to
raise it on terms acceptable to us or at all. If we are unable to raise
additional capital when desired, our business, operating results and financial
condition would be adversely affected.

The following table summarizes our cash flows for the periods presented
(unaudited, in thousands):

                                                                     Nine Months Ended October 31,
                                                                        2022                  2021
Net cash used in operating activities                            $       (38,841)         $  (15,331)
Net cash provided by (used in) investing activities                      551,697            (543,578)
Net cash provided by financing activities                                 16,930             878,495


Operating Activities

Cash used in operating activities during the nine months ended October 31, 2022
was $38.8 million. This was primarily driven by our net loss of $281.0 million,
which was offset by non­cash charges of $279.3 million for stock­based
compensation, $11.9 million for depreciation and amortization and $9.8 million
for lease-related charges. The continuing growth of our sales and our expanding
customer base led to an increase in accounts receivable of $38.3 million and
deferred commissions of $29.9 million. In addition, accrued liabilities
increased by $18.8 million reflecting our increase in expenses and timing of
payments. These were partly offset by our cash collections, which increased our
deferred revenue by $24.0 million.

Cash used in operating activities during the nine months ended October 31, 2021
was $15.3 million. This was primarily driven by our net loss of $222.4 million,
which was partially offset by non­cash charges of $177.3 million for stock­based
compensation, $10.0 million for depreciation and amortization, $8.0 million for
lease-related charges, $5.0 million for accretion of discount on our short-term
investments and $3.2 million for debt issuance costs. In addition, our cash
collections increased our deferred revenue by $58.5 million, reflecting the
overall growth of our sales and our expanding customer base. Partially
offsetting these benefits to our operating cash flow was an increase in our
accounts receivable of $46.9 million, driven by our sales growth.

Investing Activities


Cash provided by investing activities during the nine months ended October 31,
2022 was $551.7 million, primarily due to proceeds from maturities of marketable
securities, net of purchases, of $561.0 million. The proceeds were partially
offset by $6.5 million of cash used for purchases of property and equipment and
$2.7 million of additional investment in non-marketable securities.

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                                 MONGODB, INC.

Cash used in investing activities during the nine months ended October 31, 2021
was $543.6 million, primarily due to cash used to purchase marketable
securities, net of maturities, of $532.3 million, and $4.5 million of net cash
used for an immaterial acquisition. In addition, we used $2.3 million of net
cash to purchase non-marketable securities.

Financing Activities


Cash provided by financing activities during the nine months ended October 31,
2022 was $16.9 million, due to proceeds from the issuance of common stock under
the Employee Stock Purchase Plan and exercises of stock options, partly offset
by principal repayments of finance leases.

Cash provided by financing activities during the nine months ended October 31,
2021 was $878.5 million, primarily due to net proceeds from the equity offering,
the issuance of common stock under the Employee Stock Purchase Plan, and
exercises of stock options, partly offset by cash used to repay a portion of our
2024 convertible notes upon redemption.

Seasonality


We have in the past and expect in the future to experience seasonal fluctuations
in our revenue and operating results from time to time. We may experience
variability and reduced comparability of our quarterly revenue and operating
results with respect to the timing and nature of certain of our contracts,
particularly multi-year contracts that contain a term license. We may also
experience fluctuations as MongoDB Atlas revenue is recorded on a consumption
basis and varies with usage, including due to seasonal factors. As MongoDB Atlas
revenue continues to increase as a percentage of total revenue, these
fluctuations may have a greater impact on our results of operations. We believe
that seasonal fluctuations that we have experienced in the past may continue in
the future.

Contractual Obligations and Commitments


During the nine months ended October 31, 2022, there were no material changes
outside the ordinary course of business to our contractual obligations and
commitments from those disclosed in our 2022 Form 10-K. Refer to Note 6, Leases
and Note 7, Commitments and Contingencies, in our Notes to Unaudited Condensed
Consolidated Financial Statements included in Part I, Item 1 of this Quarterly
Report on Form 10-Q for further details.

Critical Accounting Estimates


Our financial statements are prepared in accordance with GAAP. The preparation
of these financial statements requires us to make estimates and assumptions that
affect the reported amounts of assets, liabilities, revenue, expenses and
related disclosures. We evaluate our estimates and assumptions on an ongoing
basis. Our estimates are based on historical experience and various other
assumptions that we believe to be reasonable under the circumstances. Our actual
results could differ from these estimates.

There have been no material changes in our critical accounting estimates from
those disclosed in Part II, Item 7, "Management's Discussion and Analysis of
Financial Condition and Results of Operations" of the 2022 Form 10-K.

Recent Accounting Pronouncements

None.

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                                 MONGODB, INC.

© Edgar Online, source Glimpses

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Transcript : MongoDB, Inc. Presents at Barclays 2022 Global Technology, Media … – MarketScreener

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Hey, welcome to our next session. Really happy to have the team from MongoDB here.Presenter SpeechDev Ittycheria thank you very much.Presenter SpeechRaimo Lenschow We were joking. it’s like our…

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Why Tech Stocks Popped on Thursday Afternoon – The Motley Fool

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What happened 

Tech stocks had a good day on Thursday as investors start to get more bullish on the industry’s future. The Nasdaq Composite was up 0.9% at 2:20 p.m. ET, outpacing the Dow Jones Industrial Average and S&P 500 by a wide margin. 

Shares of business-to-business software-as-a-service companies were some of the biggest winners. MongoDB (MDB 9.05%) jumped as much as 9%, Atlassian (TEAM 8.17%) was up 10.3% at its peak, Datadog (DDOG 8.41%) was up 10.2%, HubSpot (HUBS 6.14%) rose 6.6%, and Wix.com (WIX 4.45%) popped 5.4%. Shares of each stock have pulled back slightly from their morning peak, but are still up big on the day. 

So what 

There’s generally a “risk on” trade going on today, which is helping high-volatility stocks like these broadly. But there’s some positive news in the industry as well. MongoDB reported earnings on Tuesday and revenue was up 47% in the quarter to $333.6 million, a sign that business customers are still increasing spending. But the company did lose $84.8 million, or $1.23 per share, so financials aren’t where they need to be long term. 

I see two trends that investors are looking at from tech stocks that’s likely helping the market. One is that growth seems to be reasonably strong from recent earnings reports like MongoDB’s. That’s an indication that the market’s reaction to both higher interest rates and recession fears may be overdone. 

We have also seen many tech companies cut back on staff as investors demand better profitability. That may be something traders are speculating on today. MongoDB isn’t doing that and has actually announced hiring plans, but the theme is still consistent. If companies can grow as they cut costs, it’ll be good for the bottom line and stock prices long term. 

You can see below that all five of these companies could use a little cost reduction to turn their losses into profits. 

MDB Net Income (TTM) Chart

MDB Net Income (TTM) data by YCharts

Now what 

Most tech stocks have been hammered this year, and it’s not unusual to have big pops periodically on a piece of good news or speculation that the future is looking better than expected. But investors shouldn’t get over excited about today’s move. 

You can see from the chart above that these five companies all have huge losses, and that’s going to hang on their businesses even if revenue keeps growing. This is the balance growth stock investors need to consider heading into 2023. 

It’s very possible the drop in stock prices over the past year was overdone and tech stocks are on their way higher. But I think we will need to see more evidence that both revenue is growing and profitability it getting closer before this move will be sustainable. Stocks are up today, but the bottom line hasn’t gotten any better, yet. 

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Atlassian, Datadog, HubSpot, MongoDB, and Wix.com. The Motley Fool has a disclosure policy.

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Hadoop Big Data Analytics Market 2022 Demand, Growth, Technology Trends, and …

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When technology is automated well, it can replace a bad leader' | HRD Australia

Hadoop Big Data Analytics Market Scope:

The new report from Quince Market Insights, titled “Global Hadoop Big Data Analytics Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2032,” offers a detailed analysis of the global Hadoop Big Data Analytics market. The report evaluates the market based on demand, application information, price trends, historical and projected market data, and company shares of the top industries by geography. The study looks at the most recent changes in the market and how they may affect other industries. Along with analysing market dynamics, significant demand and price indicators, and the SWOT and Porter’s Five Forces models, it also conducts a market analysis.

Download Free Premium PDF Sample [email protected] https://www.quincemarketinsights.com/request-sample-63145

In order to provide a feasibility assessment, manufacturing cost structures, and service offerings, this new global Hadoop Big Data Analytics market study uses in-depth industry intelligence. We have highly skilled researchers and analysts that are committed to providing superior analyses and plans to hasten the Hadoop Big Data Analytics industry’s expansion on a global scale. Major players active in the global Hadoop Big Data Analytics market are also covered in this study along with company information, latest developments, revenue, mergers and acquisitions, and expansion plans. Segmentation of the market by product type, application, and geographic location is also covered in research reports, along with regional market sizes for each kind and application.

The Major Players Covered in Hadoop Big Data Analytics Market: Cisco, SAP SE, Amazon Web Services, Inc., Hitachi Vantara Corporation, SAS Institute Inc., Hortonworks Inc., Hewlett Packard Enterprise Development LP, MongoDB, Inc, MapR Technologies, Inc., Oracle, Datameer, Inc., IBM,  Microsoft ,  Cloudera, Inc., Intel Corporation, TABLEAU SOFTWARE, Teradata.,  New Relic, Inc.,  Alation, Inc., Splunk Inc., Striim, Inc.

The global Hadoop Big Data Analytics market is segmented on the basis of application, type, distribution channel, and geography. The market is further segmented by Hadoop Big Data Analytics Market, By Component (Solution, Service), By Application (Risk & Fraud Analytics, Internet of Things (IoT), Customer Analytics ,Security Intelligence, Distributed Coordination Service, Merchandising & Supply Chain Analytics, Offloading Mainframe Application ,Operational Intelligence, Linguistic Analytics), By Vertical (BFSI , Government &Defense , Healthcare & Life Sciences, Manufacturing, Retail & Consumer Goods, Media & Entertainment , Energy & Utility, Transportation & SCM ,IT & Telecommunication, Academia & Research, Others ), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting to 2032

Market Overview

This study provides detailed information on market drivers, emerging trends, development opportunities, and market restraints that could have an impact on the dynamics of the Hadoop Big Data Analytics Market. The study evaluates the size of the worldwide Hadoop Big Data Analytics Market and looks at the strategy trends of the major international competitors. The study estimates the market’s size in terms of sales over the anticipated time frame. Every data point, including percentage share splits and breakdowns, is derived from secondary sources and verified with primary sources twice. The Porter’s Five Forces analysis, SWOT analysis, regulatory environment, and important buyers were all performed for the report in order to assess the key influencing factors and entry barriers in the sector.

Scope Of The Report

The Hadoop Big Data Analytics Market is segmented according to product range, application scope, and geographic location. The market share, growth rate, and valuation of each sector, region, and nation are also included. The publication also includes driving elements, restraining factors, and future trends that are expected to aid revenue inflow in the coming years per segment and location.

★ Regional Analysis:

» 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: United States, Canada, and Mexico
» 𝗦𝗼𝘂𝘁𝗵 & 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: Argentina, Chile, Brazil and Others
» 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
» 𝗘𝘂𝗿𝗼𝗽𝗲: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
» 𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC

Competitive Landscape

In order to respond to diverse requests from clients and readers, the study contains a succinct summary of the important industry participants and contributions. Customers will also find in this report significant variables that have a large impact on the Hadoop Big Data Analytics Market’s growth, such as the supplier environment and recent competition intensity.

By conducting an exhaustive examination of manufacturers, producers, distributors, and dealers, the research aims to assist key players in a variety of strategic decisions and vital investment goals. Secondary and validated primary sources are used to evaluate key enterprises and their production data, percentage splits, market shares, product industry breakdowns, and growth rates.

 Key Elements That The Report Acknowledges

• Market size and growth rate during the study period
• Important factors that help and hinder market growth.
• The market’s top suppliers and providers.
• Each organization goes through a full SWOT analysis.
• PEST study segmented by region
• Opportunities and challenges in the Hadoop Big Data Analytics Market business for existing vendors.
• Strategic initiatives have been implemented by key players.

FAQ’s

➣ What is the estimated growth rate of the market for the forecast period of 2022-2032?
➣ What will the market size be in the anticipated time frame?
➣ What are the primary aspects that will determine the Hadoop Big Data Analytics Market‘s fate over the forecast period?
➣ What are the major market players’ winning strategies for building a strong presence in the Hadoop Big Data Analytics Market industry?
➣ What are the primary market trends influencing the Hadoop Big Data Analytics Market’s growth in various regions?
➣ What are the biggest dangers and difficulties that are likely to stymie the Hadoop Big Data Analytics Market’s growth?
➣ What are the most critical opportunities for market leaders to succeed and profit?

★ Table of Content:

Market Landscape: The competition in the Global Hadoop Big Data Analytics Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

Companies Profiles: The global Hadoop Big Data Analytics market’s leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Hadoop Big Data Analytics market segments, study objectives, and years considered.

Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

Research Findings: This section of the report showcases the findings and analysis of the report.

Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Hadoop Big Data Analytics Market.

Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

Would you like to ask a questiaon? Ask Our Expert: https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-63145

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Looking At MongoDB’s Recent Unusual Options Activity – Benzinga

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Someone with a lot of money to spend has taken a bearish stance on MongoDB MDB.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with MDB, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 21 uncommon options trades for MongoDB.

This isn’t normal.

The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $421,896, and 11 are calls, for a total amount of $748,416.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $157.5 to $300.0 for MongoDB over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 316.77 with a total volume of 3,334.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB’s big money trades within a strike price range of $157.5 to $300.0 over the last 30 days.

MongoDB Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MDB CALL TRADE BEARISH 01/19/24 $250.00 $373.8K 110 103
MDB CALL TRADE BEARISH 01/19/24 $250.00 $98.0K 110 130
MDB PUT TRADE BULLISH 12/09/22 $185.00 $87.7K 217 268
MDB PUT TRADE BEARISH 02/17/23 $180.00 $44.0K 496 20
MDB PUT TRADE BULLISH 02/17/23 $180.00 $43.9K 496 120

Where Is MongoDB Standing Right Now?

  • With a volume of 2,240,049, the price of MDB is up 7.48% at $191.63.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 89 days.

What The Experts Say On MongoDB:

  • JMP Securities upgraded its action to Market Outperform with a price target of $215
  • Oppenheimer has decided to maintain their Outperform rating on MongoDB, which currently sits at a price target of $320.
  • Credit Suisse has decided to maintain their Outperform rating on MongoDB, which currently sits at a price target of $305.
  • Barclays has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $233.
  • Mizuho has decided to maintain their Neutral rating on MongoDB, which currently sits at a price target of $170.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for MongoDB, Benzinga Pro gives you real-time options trades alerts.

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S&P 500 notches fifth day of losses as traders consider recession odds, yields fall – CNBC

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Updated Wed, Dec 7 20225:17 PM EST
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The S&P 500 fell for a fifth day as traders weighed the possibility of a recession, and the likelihood of a longer-than-expected hiking cycle from the Federal Reserve.

The S&P slipped 0.19% to end the session at 3,933.92. The Dow Jones Industrial Average eked out a gain of 1.58 points, roughly flat, to finish the session at 33,597.92. The Nasdaq Composite fell 0.51% to end at 10,958.55.

Bond yields also fell, with the rate on the 10-year Treasury note at one point touching a low of 3.402%.

Stocks wavered between gains and losses in choppy trading, with the S&P rising as much as 0.41%. At its lows, the benchmark index fell 0.47%.

“The market’s kind of bobbing and weaving and finding its breath after the big rally off the October lows,” said Ryan Detrick, chief market strategist at the Carson Group. He expects markets to continue this trend until investors receive more clarity from the Fed’s December policy meeting and November’s consumer price index report.

Next week, the central bank is widely expected to deliver a 50 basis point rate hike. While the move would be a smaller one compared to the previous four rate hikes, concerns are swirling over whether the Fed can engineer a so-called soft landing while successfully tamping down inflation.

Worries about a recession in 2023 have spooked some investors in recent days.

“All told, financial indicators point to a recession on the horizon,” wrote Wells Fargo’s Azhar Iqbal in a note to clients Wednesday. “The S&P 500 has peaked ahead of recessions with an average lead time of four months over the past few business cycles.

Investors await more economic data this week for clues on what to expect from the Fed, with jobless claims data due out Thursday. November’s producer price index and preliminary consumer sentiment data for December are slated for Friday.

Stocks are on pace for weekly losses, with the Dow down 2.42%. The S&P and Nasdaq are off by 3.38% and 4.39%, respectively.

Lea la cobertura del mercado de hoy en español aquí.

Stocks close mostly lower

Stocks closed mostly lower Wednesday, with the S&P 500 slipping 0.19% to close at 3,933.92.

The Dow Jones Industrial Average closed flat, or 1.58 points higher, to finish the session at 33,597.92. The Nasdaq Composite fell 0.51% to end at 10,958.55.

— Samantha Subin

Property technology, online auto experiencing ‘most significant’ layoffs, Jefferies says

Layoffs, or news of workforce reductions, have hit the technology sector in recent weeks, but certain sectors are clearly feeling more pain than others, Jefferies says.

Areas suffering the most in this shakeup include property technology and online auto stocks, wrote analyst Brent Thill in a note to clients Wednesday. That includes names like Carvana, which laid off 8% of its workforce last month, and Redfin. Advertising is also experiencing solid declines as companies navigate a slowdown.

“Our proprietary scrape of job listings shows a decline in job openings across our coverage as headcount reductions accelerate into the end of the year,” he wrote.

The sector layoffs come in response to the over-hiring companies partook in during the pandemic, with many technology bellwethers now facing slower-than-expected growth as the consumer weakens and a downturn looms.

Within Jefferies’ coverage, a proprietary scrape of data suggests Microsoft’s experienced an 85% decline in active job listings since the start of 2022. Listings at Snap, meanwhile, are down 84%.

— Samantha Subin

Pending economic data could launch a rally into next year, says Morgan Stanley’s Slimmon

Don’t be surprised if economic data coming out over the next week kicks off a rally into the end of the year and potentially 2023, according to Andrew Slimmon, Morgan Stanley Investment Management’s senior portfolio manager.

The key period of data releases begins Friday with the producer price index, followed by November’s consumer price index and another likely rate hike from the Federal Reserve next week.

“The last time those were released they all led to rallies in the stock market because we had better inflation prints,” he said.

Like many investors, Slimmon expects a downturn ahead, given the inverted yield curve, but does not anticipate the “big earnings collapse,” or downturn, many people are predicting in the first quarter.

This is in part due to the fact that many consumers have beefed up savings in recent years given the proximity of the most recent recession.

“The message of this year is that the economy has proven far more resilient than many people expect and I don’t think next quarter is going to be the end of that,” he said.

— Samantha Subin

Deutsche Bank raises Lululemon earnings expectations

Deutsche Bank said it expects Lululemon to beat third quarter estimates when it reports its financial results on Thursday, thanks to better-than-expected revenues, particularly in North America.

“LULU’s customer base remains relatively healthy and we think improved inventory flow along with new product launches (and  the membership program) likely led to robust sales trends despite the challenging macro environment,” analyst Gabriella Carbone said in a note Wednesday.

The firm also raised its forecast for fourth-quarter earnings.

“We expect the company to guide closer to our revised forecast, but see the opportunity for upside as we are currently modeling a deceleration in the company’s three-year top-line CAGR,” she added.

— Tanaya Macheel

Stocks slightly lower as final hour of trading begins

Stocks were slightly lower as the final hour of trading kicked off.

The S&P 500 last traded down 0.2%. The Dow Jones Industrial Average traded flat, and Nasdaq Composite shed 0.5%.

— Samantha Subin

Utility of bonds ‘restored’ after rough year, CIO says

This year has been a rough one for investors with significant fixed income holdings, but the end result is that bonds may now be more attractive than at any point last decade.

Steve Foresti, the chief investment officer for asset allocation and research at Wilshire, said there is now “fuel in the tank” for high quality bonds after Federal Reserve rate hikes drove yields higher, potentially making fixed income a more important part of portfolios.

This is in stark contrast to the low rate environment that followed the financial crisis and then again at the start of the pandemic, when the Fed cut rates to near zero.

“Especially for investors who reduced allocations, I think this is an opportunity to revisit that decision and maybe slide back down on the risk curve a bit,” Foresti said.

Foresti added that the expected return for core bond holdings has doubled over the course of this year, given high rates now and Wilshire’s expectation that inflation will decline going forward.

— Jesse Pound

Karen Firestone says now isn’t the time to give up on tech names

Even though technology companies have had a rough year in the stock market, it’s not time to throw in the towel on the sector, according to Karen Firestone, CEO of Aureus Asset Management.

Instead, she said that investors should look at multiples of technology names compared to other industries, such as consumer stocks, and determine what they’d rather own.

It’s also an opportunity to pick up stocks poised for growth, she said.

“Don’t give up on tech now – buy low, sell high,” she said.

—Carmen Reinicke

Bank of America upgrades SolarEdge as outlook improves

Bank of America sees both short and long-term gains on the horizon for SolarEdge.

Analyst Julien Dumoulin-Smith upgraded the solar stock to buy from neutral and increased his price target to $367, which presents an upside of 22.8% from where it closed Tuesday. The stock could rise even higher beyond the 12 months, he said.

“We acknowledge credit where it’s due and highlight tangibly clearer visibility over the near to medium term,” Dumoulin-Smith said in a note to clients.

CNBC Pro subscribers can read the full story here.

The stock is up more than 3% in trading Wednesday.

— Alex Harring

Carvana plummets on growing bankruptcy concerns

Shares of online used car retailer Carvana cratered more than 30% Wednesday on news that the company’s largest creditors have signed a cooperation agreement to last at least three months.

The pact, first reported by Bloomberg, includes creditors such as Apollo Global Management and Pacific Investment Management that hold around $4 billion of Carvana’s unsecured debt, or about 70% of the total outstanding.

In the past, similar agreements have helped prevent creditor fights that have complicated other debt restructurings.

Loading chart…

— Michael Wayland, Samantha Subin

Ned Davis Research expects S&P 500 to end 2023 at 4,300

The S&P 500 should end 2023 about 9.1% higher than where it closed Tuesday, according to Ned Davis Research.

Downward pressure on the index should ease by the end of 2023, leading the index to around 4,300 points. That’s about 350 points higher than where it last closed.

“Heading into 2023, the macro headwinds are largely still in place,” Ed Clissold, the firm’s chief U.S. strategist, said in a note to clients. “The key difference is that by the end of next year, many cycles should have rotated once again to being friendly to risk assets.”

CNBC Pro subscribers can read the full story here.

— Alex Harring

Stocks making the biggest moves midday

Check out the companies making headlines in midday trading.

  • Carvana — Shares of the online car dealership fell more than 32% after Carvana’s largest creditors signed an agreement to negotiate together with the company. Bankruptcy concerns around Carvana have grown since the company reported disappointing third-quarter results last month. The pact between the creditors was first reported by Bloomberg.
  • MongoDB — The database platform surged almost 22% following the company’s quarterly results. Mongo posted better-than-expected revenue for the most recent quarter and issued upbeat fourth-quarter revenue guidance, according to Refinitiv.
  • State Street — Shares of the asset manager jumped more than 8% after the company announced a new buyback plan. The company said it now intends to buy back up to of $1.5 billion of its common stock in the fourth quarter of 2022, $500 million more than the amount announced previously.

Read the full list here.

— Sarah Min

Stocks making the biggest moves midday

Check out the companies making headlines in midday trading.

  • Carvana — Shares of the online car dealership fell more than 32% after Carvana’s largest creditors signed an agreement to negotiate together with the company. Bankruptcy concerns around Carvana have grown since the company reported disappointing third-quarter results last month. The pact between the creditors was first reported by Bloomberg.
  • MongoDB — The database platform surged almost 22% following the company’s quarterly results. Mongo posted better-than-expected revenue for the most recent quarter and issued upbeat fourth-quarter revenue guidance, according to Refinitiv.
  • State Street — Shares of the asset manager jumped more than 8% after the company announced a new buyback plan. The company said it now intends to buy back up to of $1.5 billion of its common stock in the fourth quarter of 2022, $500 million more than the amount announced previously.

Read the full list here.

— Sarah Min

Morgan Stanley cuts iPhone shipment estimates again

Morgan Stanley, once again, is cutting shipment forecasts for the latest iPhone in the December quarter.

The bank trimmed its estimates by another 3 million units, accounting for slowing production in China. Last month, analysts at the investment bank cut estimates by 6 million units.

The new expectations anticipate the technology giant will ship about 75.5 million iPhones.

Shares slumped about 1.5% midday.

— Ashley Capoot, Samantha Subin

Stocks seesaw during midday trading

Stocks wavered between gains and losses during midday trading Wednesday.

The Dow Jones Industrial Average traded as high as roughly 178 points, or 0.53%, and as low as about 93 points, or 0.28%.

The S&P 500 traded between a 0.47% decline and a 0.41% gain. At one point, the Nasdaq Composite traded nearly 1% lower. At its highs, the tech-heavy index was up by 0.23%.

— Samantha Subin

Campbell Soup Company, Conagra Brands among S&P 500 stocks notching news high

Several stocks notched fresh 52-week and record highs on Wednesday.

Campbell Soup Company’s stock surged 5% Wednesday to trade near levels not seen since March 2020, while Conagra Brands hovered near levels not seen since June 2021.

These stocks also hit fresh highs:

  • General Mills trading at all-time highs back through its history to 1927
  • J.M. Smucker Company trading at levels not seen since August 2016
  • Travelers trading at all-time highs back to its spin-off from Citi in 2002
  • Cigna trading at all-time high levels back to its IPO in 1972

Some stocks also hit new lows, including Salesforce, which traded near levels last seen in April 2020.

These stocks also notched new lows:

  • Signature Bank trading at lows not seen since December 2020
  • SVB Financial Group trading at lows not seen since May 2020
  • Zions Bancorporation trading at lows not seen since February 2021
  • Generac trading at lows not seen since May 2020
  • Boston Properties trading at lows not seen since February 2010
  • NRG Energy trading at lows not seen since June 2021

— Samantha Subin, Chris Hayes

Travel names fall across the board, airline stocks drop

Bear market hasn’t bottomed ahead of a downturn since World War II

If history is any guide, don’t expect this bear market to bottom as soon as a recession hits.

That’s according to data from the Carson Group, which found that the eight bear markets connected to a recession since World War II continued even after a downturn ensued.

On average, these bear markets ended nine months after the start of a recession, wrote Ryan Detrick, the firm’s chief market strategist in a tweet.

Data from Bank of America earlier this month highlighted a similar observation, with technical research strategist Stephen Suttmeier saying in a note to clients that the March 1945 to October 1945 recession marked the only instance where the S&P 500 rallied before and during a downturn.

— Samantha Subin

Carvana downgraded by Wedbush as bankruptcy fears mount

Wedbush downgraded Carvana as the user car seller faces yet another blow this year, this time raising concerns a bankruptcy could be on the horizon.

The downgrade to underperform from neutral came after Bloomberg News reported that a group of creditors including Apollo and Pimco agreed to unify in restructuring agreements. Analyst Seth Basham said the move will help quell any infighting among stakeholders, which he said has plagued similar negotiations at other companies.

The stock dropped 35.2% in Wednesday trading, hitting a 52-week low. It’s down 98.1% compared with the start of the year.

He gave a price target of $1 to the stock. CNBC Pro subscribers can read more here.

— Alex Harring

Home Depot and 3M boost the Dow

Shares of 3M and Home Depot gained 2% and 1.4% respectively, boosting the Dow Jones Industrial Average by more than 160 points around 11 a.m. ET.

Merck, American Express, and UnitedHealth also added more than 1% each, contributing to the Dow’s gains.

— Samantha Subin

Citi’s Chronert sees S&P 500 leadership shifting to industrials, materials

Don’t be surprised if tech’s reign in the S&P 500 comes to an end in the not-too-distant future, according to Scott Chronert, Citi’s U.S. equity strategist.

“What we’re suggesting is that the valuation paradigm supporting big mega-cap tech over the past decade probably fades,” he told CNBC’s “Squawk on the Street” on Wednesday, saying that over time it becomes increasingly difficult for companies to maintain their earnings growth trajectories.

Over the next two to five years he sees tech’s weight in the S&P 500 coming down by 18% to 20%. As tech’s weighting falls, industrials and materials will likely shift into leadership positions and to a “certain degree” energy, he said.

— Samantha Subin

Tesla may need more price cuts to keep demand strong, Bernstein says

Tesla may need more price cuts to buoy demand, according to Bernstein’s long-time bear analyst.

Analyst Toni Sacconaghi reiterated his underperform rating on the stock and lowered his fourth-quarter and 2023 estimates. He said that the company needs to further cut prices to boost demand, but the company may be able to offset at least some of those losses through tailwinds elsewhere.

“Tesla increasingly appears to have a demand issue,” he said in a note to clients Wednesday. “The company has responded by cutting prices in China and the US (for December deliveries), and purportedly reducing production in China.”

Tesla was last down 3.2% in trading Tuesday. The stock has shed 50.6% so far this year.

CNBC Pro subscribers can read more about Sacconaghi’s call here.

— Alex Harring

Tech stocks fall

Tech stocks lagged Wednesday as growth concerns mounted on Wall Street.

The Nasdaq Composite fell 0.4% while tech-heavy S&P 500 sectors like information technology and communication services shed more than 0.5% each.

Salesforce, Apple and Alphabet dipped about 1% each, while Tesla dropped roughly 3% as longtime bear Toni Sacconaghi said the company needs to lower prices to deal with falling demand.

— Samantha Subin

Cathie Wood says the Fed is making a serious mistake

Ark Invest’s Cathie Wood called out the Federal Reserve again Wednesday, saying the central bank is making a policy mistake by aggressive rate hikes as deflation looms.

The innovation investor pointed to the so-called yield-curve inversion. The yield curve inverts when shorter-term Treasury rates rise above longer-term yields. Many economists view the 2-year and 10-year part of the yield curve as more predictive of a potential recession.

— Yun Li

Stocks open lower

Stocks opened lower Wednesday.

The Dow Jones Industrial Average dipped 34 points, or 0.1%, while the S&P 500 futures lost 0.2%. The Nasdaq Composite traded lower by 0.4%.

— Samantha Subin

Wolfe Research downgrades Chewy and Shopify, cites premium valuations

Wolfe Research downgraded shares of both Chewy and Shopify in a note to clients Tuesday, citing valuation concerns and a weakening consumer threatening to weigh down growth.

“Across our coverage universe, SHOP and CHWY are among the handful of stocks that are still trading on revenue/ [gross profit] multiples,” wrote analyst Deepak Mathivanan. “We think growth deceleration under a weakening macro could have high sensitivity on multiples for these two stocks.”

Mathivanan expects inflationary tailwinds to subside for Chewy going forward, viewing deceleration in customer growth as a potential concern ahead.

“Without solid customer adds, net revenue growth could decelerate further in FY23,” he said. “At 1.6x FY23 revenues, CHWY shares are currently at a premium valuation that could be pressured with top-line deceleration.”

Meanwhile, t recent rally in Shopify, with shares up about 21% over the last month, prices the stock at a premium to its expected growth trajectory, Mathivanan wrote.

The firm maintained its outperform ratings on both Amazon and MercadoLibre.

— Samantha Subin

Labor costs less than expected, productivity stronger in the third quarter

Productivity in the third quarter was better than originally thought while unit labor costs were considerably less, according to revised Labor Department data Wednesday.

Unit labor costs, a measure of hourly pay compared to production, rose 2.4% for the period, a substantial downward revision from the initially reported 3.5%. That came thanks to a 0.5 percentage point upward revision in productivity and a 0.6% downward change in compensation costs.

Productivity increased 0.8%, coming up from 0.3% as the result of a 0.5 percentage point upward move in output along with a 0.1 percentage point increase in hours worked.

Both numbers were better than expected. Dow Jones estimates had put productivity at 0.7% and unit labor costs at 3.1%.

Stock market futures eased some losses following the news as investors continue to keep a close watch on inflation-related figures.

—Jeff Cox

U.S-listed China stocks lower

U.S.-listed China stocks were lower during Wednesday’s premarket despite news of some easing restrictions in the country.

The KraneShares CSI China Internet ETF fell by about 4%, along with shares of Pinduoduo and Alibaba. Chinese electric vehicle stocks Nio and Xpeng also dropped more than 4% each.

Casino stocks connected to Macao, including MGM Resorts, Wynn and Melco, were also lower.

— Samantha Subin, Nicholas Wells

Morgan Stanley downgrades Airbnb

Airbnb shares fell more than 4% in the premarket after Morgan Stanley downgraded the short-term home rental stock to underweight from equal weight. The analyst cited a potential slowdown in listings growth as a key reason for the downgrade.

“While active listings have grown at a 12% ’18-’22 [compound annual growth rate], we see this slowing to a 7% ’22-’25 CAGR going forward due to scale and law of large numbers,” Morgan Stanley said.

CNBC Pro subscribers can read more here.

— Fred Imbert

Airbnb, Carvana among stocks making the biggest moves premarket

These are some of the stocks making the biggest moves before the bell:

Airbnb – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.

Carvana – Carvana creditors, including Apollo Global Management and Pimco, signed a cooperation agreement and will work together as the online used car seller goes through a debt restructuring process. Carvana tumbled 20.7% in premarket trading.

MongoDB – MongoDB shares soared 26.6% in premarket trading after the database software company reported a surprise quarterly profit and forecast another profit for the current quarter.

Dave & Buster’s – Dave & Buster’s shares slid 6.8% in premarket action even though its quarterly profit matched analyst estimates. The restaurant and entertainment venue’s revenue beat consensus.

— Samantha Subin

Campbell Soup rises on solid quarterly results

Campbell Soup‘s stock was up more than 2% during Wednesday’s premarket after posting a top and bottom line beat for the recent fiscal quarter.

The company posted earnings of $1.02 a share on $2.58 billion in revenue, surpassing analysts’ expectations of 88 cents a share on revenues of $2.45 billion.

Campbell slightly upped its guidance for the fiscal year, saying that it expects earnings per share to range between $2.90 and $3. Previous estimates called for earnings to fall between $2.85 and $2.95 a share.

The company also expects revenue growth to range between 7% and 9% year over year, up from previous expectations of 4% to 6% growth.

— Samantha Subin

Mortgage demand declines despite drop in rates

Mortgage demand declined last week, with application volume falling 1.9% over the previous despite a drop in rates, according to the Mortgage Bankers Association’s seasonally adjusted index.

It came even as the average contract interest rate for 30-year fixed-rate mortgages with both conforming loan balances and a 20% down payment, fell.

Mortgage applications to buy a home dipped 3% for the week, which marked a 40% decline over the same week last year.

— Diana Olick, Samantha Subin

China trade data outweighs reopening hope

Stock futures fell overnight despite investors getting what they’ve been hoping for in the form of China easing Covid measures. That’s because some poor China trade data raised fears about a global recession.

China’s dollar-denominated exports fell 8.7% last month on an annual basis, much more than the 3.5% decline economists were expecting in a Reuters survey. Imports in U.S.-dollar terms declined 10.6% for the month compared to a year ago, also much more than expected.

The Hang Seng Index ended the session lower by 3.2% and the Shanghai Composite fell 0.4% following the trade data.

— John Melloy, Jihye Lee

China lifts negative test requirement for cross-region travelers

Cross-region travelers in China will no longer need to show Covid-negative test results, according to a National Health Commission release.

Areas that are not designated as high-risk cannot halt work or production, the notice said.

Covid patients without symptoms can also choose to isolate at home for five days, it said.

– Evelyn Cheng

CNBC Pro: ‘A gift to investors’: BlackRock says it’s time to rethink bonds

It’s time to rethink bonds, according to the BlackRock Investment Institute, which said “the lure of fixed income is strong” right now.

“Higher yields are a gift to investors who have long been starved for income. And investors don’t have to go far up the risk spectrum to receive it,” Philipp Hildebrand, vice chairman of BlackRock, and Jean Boivin, head of the BlackRock Investment Institute, wrote in a note last week.

They outlined their top ways to cash in.

Pro subscribers can read more here.

— Zavier Ong

CNBC Pro: UBS says shares in this global airline are set to soar by 55%

Shares of a global airline are set to soar by 55% over the next year, according to UBS.

The investment bank raised its price target after the pan-European airline said it expects to see bumper demand during Christmas.

CNBC Pro subscribers can read more here.

— Ganesh Rao

MongoDB, Dave & Buster’s among stocks making this biggest moves after hours

These are the stocks making the biggest moves after hours.

  • MongoDB — The database platform surged about 26% in extended trading after reporting better-than-expected revenue for the most recent quarter and upbeat fourth-quarter revenue guidance, according to Refinitiv.
  • Dave & Buster’s — Shares of the restaurant and video arcade operator dropped 5% after the company reported pro forma walk-in comparable store sales decreased 2.4% versus the comparable period in 2021.
  • Signature Bank — The bank to crypto businesses saw shares fall 3% following a report that the company is looking to offload up to $10 billion of its crypto-related deposits, representing about 23% of the company’s total deposits.

For further details and more movers check out our full list here.

— Tanaya Macheel

Stock futures open flat

Stock futures were barely changed to begin trading Tuesday evening, after falling in the regular session.

Dow Jones Industrial Average futures opened just 2 points higher, or 0.01%. S&P 500 futures were up 0.03% and Nasdaq 100 futures added 0.05%.

— Tanaya Macheel

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Three insights you might have missed from AWS re:Invent 2022 – SiliconANGLE

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Following more than 100 on-camera interviews and four days of wall-to-wall coverage, theCUBE’s live broadcast for its tenth AWS re:Invent is officially in the books.

Amazon Web Services Inc. made a number of significant announcements during the event in Las Vegas, encompassing new tools for data management, processor advances, serverless solutions and enhanced enterprise services for artificial intelligence and machine learning.

Conversations with AWS executives, customers and analysts on theCUBE, SiliconANGLE Media’s livestreaming studio, covered a wide range of topics over the course of a busy week. (* Disclosure below.)

Here are three insights you might have missed:

1. MongoDB is riding a fresh wave of enterprise interest in database consolidation and developer productivity.

Earlier this week, MongoDB Inc. reported earnings for the third quarter that easily beat previous guidance and Wall Street’s expectations, sending its stock soaring more than 26% in after-hours trading. According to MongoDB President and Chief Executive Officer Dev Ittycheria (pictured), the company’s robust financials were based on growing interest in its Atlas multicloud database service and customer growth in new business activity.

Ittycheria sat down for an extended interview with theCUBE at AWS re:Invent last week and, although he could not comment on the firm’s forthcoming earnings report, he offered insight into the key factors that were driving customer interest in MongoDB’s cloud offerings.

“They like our broad platform story,” Ittycheria said. “Rather than use three or four different databases, they can use MongoDB to do everything. That resonates with customers, and it’s the fact that they can move fast. Developer productivity is a proxy for innovation.”

Here’s theCUBE’s complete video interview with Dev Ittycheria:

2. Enhancement for AWS Data Exchange could have impact in the fight against viruses.

With the volume of news coming out of re:Invent over the course of a week, it is sometimes easy to miss the broader significance around several of the announcements. Such was the case with the move by the company to make AWS Data Exchange available for AWS Lake Formation.

Data Exchange makes it easier to find, subscribe to and use third-party data in the cloud. The integration with Lake Formation means that customers no longer have to build cumbersome extract, transfer and load pipelines to move data. This is good news for a number of AWS customers, one of whom has been at the forefront of vaccinations for COVID-19 — Moderna Inc.

Moderna’s partnership with AWS dates at least as far back as 2017, when the therapeutics company used the AWS cloud to identify mRNA sequences that were optimal for specific medical issues. Within three years, Moderna would become a household name as a pandemic upended normal life around the world. Along with COVID vaccines, Moderna is now developing protection against other significant viruses.

“Moderna has been using the mRNA technology, and they’re using it to develop a new vaccine for the RSV virus,” said Chris Casey, director and general manager of industry software and data alliances at AWS, told theCUBE during the event. “They’re using Data Exchange to procure and then analyze real-world evidence data. That helps them identify and analyze in almost real-time using data on Redshift for who are the best candidates for a trial.”

Here’s theCUBE’s complete video interview with Chris Casey:

3. Serverless computing is transforming one of the nation’s largest banks.

Capital One Financial ranks among the top 10 largest U.S. banks in total assets, and it is all-in on the cloud. At a time when many financial institutions have struggled to transition from mainframes and legacy infrastructure, Capital One had exited all of its datacenters and moved to the cloud by the end of 2020.

One of the technologies the bank is currently pursuing involves serverless computing. Capital One was identified back in 2018 as one of the faster large enterprises to adopt AWS Lambda as a serverless solution. During re:Invent last week, AWS announced a SnapStart feature for Lambda, designed to reduce cold start times for Lambda functions by 90%.

Capital One is part of the first beta for the new feature, according to Lo Li, the bank’s managing vice president, who provided insight into why serverless was important in an interview with theCUBE.

“It helps us stay well-managed security wise,” Li said. “It allows us to create automation and takes away a lot of the heavy lifting that our engineers would have to do otherwise. We’re taking a lot of the grit work of management of servers out of the engineer’s hands and automating it.”

Here’s theCUBE’s complete video interview with Lo Li:

To watch more of theCUBE’s coverage of the AWS re:Invent conference, here’s our complete event video playlists:

https://youtube.com/watch?v=videoseries&list=PLenh213llmcY65u_KXTatsZqxsNx8mdpa

(* Disclosure: TheCUBE is a paid media partner for the AWS re:Invent conference. Neither Amazon Web Services Inc., the main sponsor for theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Photo: SiliconANGLE

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Play This Rocketing Stock in XDAT | ETF Trends

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Finding the right tech ETF right now isn’t the most straightforward task for investors and advisors as rates rise and recession looms, but there are tech subsectors with some interesting opportunities. Data sciences might be one, with database company MongoDB (MDB) skyrocketing behind positive earnings news. Investors looking for a data science ETF that holds the firm might want to consider the Franklin Exponential Data ETF (XDAT).

MDB shot up earlier this week following its announcement of a profitable quarter, with a further piece of positive news that it expects the next quarter to be positive as well. Revenue beta expectations were $333.6 million for the quarter, compared to $226.9 million in the same quarter a year ago. Adjusted earnings were 23 cents per share, meanwhile, compared to a 3 cent loss a year ago.

That’s sent MDB and its cross-platform, document-oriented database program up by 20.8% over the last five days, and up 6.2% on Thursday as of writing. A bit like biotech firms pushing genetics-related innovations, data sciences may remain in demand even as the broader economy struggles, given the evergreen demand for streamlined, organized data.

While past performance is no guarantee of future performance, MDB’s projection of another positive quarter may make it an appealing option for investors in a data science ETF like XDAT. XDAT has the second-largest exposure to MDB of all ETFs, according to VettaFi, at 3.66%.

The actively-managed “Big Data” strategy launched just last year and invests in firms focused on or expected to benefit from the creation, collection, and analysis of data, as well as its applications like AI, augmented and virtual reality, software-as-a-service, and more.

Charging 50 basis points, the strategy has outperformed the ETF Database category average by almost 5%, returning 7.2% over one month. Other holdings in the ETF include Microsoft (MSFT) and Alphabet Inc. (GOOGLE) as the top two in the strategy’s portfolio by weight.

Tech has its ups and downs, and this year has certainly seen a lot of the latter. For investors looking for an interesting opportunity in tech and data sciences looking into the next year, XDAT could be an opportunity worth considering.

For more news, information, and analysis, visit the Volatility Resource Channel.

VettaFi is an independent publisher and takes responsibility for our edit staff, research, and postings. Franklin Templeton is not affiliated with VettaFi and was not involved in drafting this article. The opinions and forecasts expressed are solely those of VettaFi and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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MongoDB (NASDAQ:MDB) Stock Price Up 7.6% on Analyst Upgrade – MarketBeat

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MongoDB, Inc. (NASDAQ:MDBGet Rating) shares traded up 7.6% on Thursday after Morgan Stanley raised their price target on the stock from $215.00 to $230.00. Morgan Stanley currently has an equal weight rating on the stock. MongoDB traded as high as $192.00 and last traded at $191.91. 91,036 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 2,028,169 shares. The stock had previously closed at $178.30.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of MongoDB from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, September 1st. UBS Group raised their price target on shares of MongoDB from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday. Credit Suisse Group cut their price target on shares of MongoDB from $400.00 to $305.00 and set an “outperform” rating for the company in a report on Wednesday. Truist Financial began coverage on shares of MongoDB in a report on Friday, September 30th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Robert W. Baird boosted their price target on shares of MongoDB from $205.00 to $230.00 in a research note on Wednesday. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $284.00.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 16,991 shares of MongoDB stock in a transaction on Friday, September 9th. The stock was sold at an average price of $250.66, for a total transaction of $4,258,964.06. Following the sale, the chief executive officer now owns 199,753 shares of the company’s stock, valued at approximately $50,070,086.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Michael Lawrence Gordon sold 2,770 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $198.84, for a total value of $550,786.80. Following the sale, the chief financial officer now owns 90,362 shares of the company’s stock, valued at approximately $17,967,580.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 16,991 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $250.66, for a total value of $4,258,964.06. Following the completion of the sale, the chief executive officer now directly owns 199,753 shares in the company, valued at approximately $50,070,086.98. The disclosure for this sale can be found here. Insiders have sold 75,662 shares of company stock valued at $15,970,503 in the last quarter. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the company. John W. Brooker & Co. CPAs bought a new stake in shares of MongoDB in the 2nd quarter worth $26,000. Prentice Wealth Management LLC bought a new stake in shares of MongoDB in the 2nd quarter worth $26,000. Venture Visionary Partners LLC bought a new stake in shares of MongoDB in the 2nd quarter worth $28,000. Sentry Investment Management LLC bought a new stake in shares of MongoDB in the 3rd quarter worth $33,000. Finally, Alta Advisers Ltd acquired a new position in shares of MongoDB in the 3rd quarter worth $40,000. Institutional investors own 89.85% of the company’s stock.

MongoDB Stock Up 8.4 %

The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of -35.27 and a beta of 1.02. The stock has a fifty day moving average of $171.67 and a 200-day moving average of $244.71.

About MongoDB

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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