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abrdn plc Buys 12,571 Shares of MongoDB, Inc. (NASDAQ:MDB) – Defense World

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abrdn plc boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 55.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,374 shares of the company’s stock after purchasing an additional 12,571 shares during the quarter. abrdn plc’s holdings in MongoDB were worth $14,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Jennison Associates LLC boosted its stake in MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after acquiring an additional 1,745,231 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of MongoDB during the third quarter worth about $37,482,000. Federated Hermes Inc. increased its holdings in shares of MongoDB by 314.8% during the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock valued at $46,587,000 after acquiring an additional 102,225 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of MongoDB by 31,796.1% in the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after purchasing an additional 89,665 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in MongoDB in the 3rd quarter worth approximately $30,877,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $437.99, for a total value of $2,627,940.00. Following the completion of the sale, the director now owns 1,168,784 shares of the company’s stock, valued at $511,915,704.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the sale, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the transaction, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. KeyCorp cut their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Citigroup boosted their price target on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Loop Capital initiated coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $415.00 price target on the stock. Truist Financial upped their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $465.00 target price on shares of MongoDB in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $443.86.

Read Our Latest Analysis on MDB

MongoDB Stock Up 0.8 %

NASDAQ MDB opened at $369.29 on Thursday. The business has a fifty day moving average price of $383.39 and a 200 day moving average price of $390.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, equities research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

MongoDB Company Profile

(Free Report)

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

Featured Stories

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Lindbrook Capital LLC

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Posted on mongodb google news. Visit mongodb google news

Lindbrook Capital LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 22.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 247 shares of the company’s stock after buying an additional 46 shares during the period. Lindbrook Capital LLC’s holdings in MongoDB were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC increased its holdings in shares of MongoDB by 10.3% in the third quarter. HB Wealth Management LLC now owns 640 shares of the company’s stock valued at $221,000 after purchasing an additional 60 shares during the period. Exchange Traded Concepts LLC boosted its holdings in MongoDB by 74.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,370 shares of the company’s stock valued at $1,166,000 after purchasing an additional 1,441 shares in the last quarter. Oak Thistle LLC purchased a new stake in MongoDB in the 3rd quarter valued at approximately $259,000. Handelsbanken Fonder AB increased its position in MongoDB by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 33,735 shares of the company’s stock worth $11,668,000 after purchasing an additional 346 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in MongoDB by 1.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,100 shares of the company’s stock worth $5,222,000 after acquiring an additional 200 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. KeyCorp dropped their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $443.86.

Read Our Latest Analysis on MongoDB

MongoDB Stock Up 0.8 %

Shares of NASDAQ:MDB opened at $369.29 on Thursday. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of -148.91 and a beta of 1.19. The company has a 50 day moving average of $383.39 and a two-hundred day moving average of $390.67. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the sale, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares of the company’s stock, valued at approximately $213,375,563.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is currently owned by insiders.

About MongoDB

(Free Report)

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

Featured Articles

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

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Radius is Now a Cloud Native Compute Foundation (CNCF) Sandbox Project

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MMS Steef-Jan Wiggers

Article originally posted on InfoQ. Visit InfoQ

The Microsoft Azure Incubations Team recently announced the approval of Radius as a Cloud Native Compute Foundation (CNCF) sandbox project. Radius is a cloud-native, cloud-agnostic application platform that the CNCF has recognized as having the potential to contribute to the cloud-native ecosystem.

Radius empowers developers and platform engineers to collaborate easily in delivering and managing cloud-native applications that align with corporate best practices for cost, operations, and security. It was initiated by the Microsoft Azure Incubations Team, the same group behind CNCF projects like KEDA (CNCF Graduated), Dapr (CNCF Incubating), and Copacetic (CNCF Sandbox).

The open-project has rapidly gained traction since its announcement in October 2023, as Mark Russinovich writes:

  • The main Radius GitHub repository has received ~1300 stars. A total of ~73 community contributors have made over ~350 contributions to Radius, both for code and documentation changes across all Radius GitHub repositories.
  • There are ~750 members engaging in support channels at the Radius Discord server.
  • The Radius project roadmap is updated monthly, and the Radius Community Meeting is held after each monthly release.

Since the public release, the Radius team and community added enhancements like deeper integration with Kubernetes and Helm, the introduction of the Radius Dashboard for visualizing application graphs, and the rollout of Radius simulated environments for improved development and testing workflows. Additionally, support for Terraform Recipes from private git repositories expands the platform’s flexibility and usability for enterprises.

Radius Dashboard (Source: Radius docs)

However, the community response to Radius has been varied. Geert Baeke, an Azure MVP, responded to the release on X in a tweet:

For most of our customers, it’s too early. For a big part of those, it’s an extra layer of abstraction and complexity they do not need. I think it’s a great solution though and would love to use it in production to get a feel for its real world applicability.

And Carl in ‘t Veld, an Azure engineer at CloudNation, tweeted:

Radius separates out recipe owners and recipe users which is key in driving secure self-service building blocks. The main blockers for me are: rbac, gitops, git identity, terraform identity, approval flows, other hosting models. This is very promising tech!

Lastly, more details are available on the documentation pages, and Bilgin Ibryam, a product manager at Diagrid, tweeted:

The FAQ has a great section with comparison to other tools.

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MongoDB, Inc. Is a Trending Stock: Facts to Know Before Betting on It – Investing.com UK

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Posted on mongodb google news. Visit mongodb google news

Benzinga – by Zacks, Benzinga Contributor.

MongoDB (NASDAQ: MDB) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future.

Shares of this database platform have returned +3.4% over the past month versus the Zacks S&P 500 composite’s -3% change. The Zacks Internet – Software industry, to which MongoDB belongs, has lost 4.1% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company’s business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate Revisions

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company’s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors’ interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

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For the current quarter, MongoDB is expected to post earnings of $0.38 per share, indicating a change of -32.1% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of $2.41 for the current fiscal year indicates a year-over-year change of -27.6%. This estimate has remained unchanged over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $3.28 indicates a change of +36.2% from what MongoDB is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock’s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, MongoDB is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company’s forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth Forecast

Even though a company’s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It’s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company’s potential revenue growth is crucial.

In the case of MongoDB, the consensus sales estimate of $438.44 million for the current quarter points to a year-over-year change of +19.1%. The $1.92 billion and $2.36 billion estimates for the current and next fiscal years indicate changes of +14.2% and +22.8%, respectively.

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Last Reported Results and Surprise History

MongoDB reported revenues of $458 million in the last reported quarter, representing a year-over-year change of +26.8%. EPS of $0.86 for the same period compares with $0.57 a year ago.

Compared to the Zacks Consensus Estimate of $431.99 million, the reported revenues represent a surprise of +6.02%. The EPS surprise was +86.96%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

Valuation

Without considering a stock’s valuation, no investment decision can be efficient. In predicting a stock’s future price performance, it’s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company’s growth prospects.

While comparing the current values of a company’s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock’s price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

MongoDB is graded F on this front, indicating that it is trading at a premium to its peers.

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Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about MongoDB. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

To read this article on Zacks.com click here.

Read the original article on Benzinga

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Title: Building a MongoDB CRUD App with Streamlit and Tailwind CSS – Medium

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Posted on mongodb google news. Visit mongodb google news

3 min read

18 hours ago

Introduction:
In this tutorial, we’ll walk through the process of creating a MongoDB CRUD (Create, Read, Update, Delete) application using Streamlit, a popular Python library for building interactive web applications. We’ll build a simple web interface for interacting with a MongoDB database, allowing users to add, view, edit, and delete data.

link to the Github Project :

streamlit app link

Setting Up MongoDB:
First, let’s ensure you have a MongoDB database set up. You can create a free MongoDB Atlas account and set up a cluster to host your database. Make sure to note down your connection string and database name, as we’ll need them later.

Setting Up the Environment:
We’ll use Python for this project, so make sure you have Python installed on your system. Create a new directory for your project and set up a virtual environment using `venv` or `conda`:

“`
# Create a virtual environment
python -m venv myenv

# Activate the virtual environment
# For Windows
myenvScriptsactivate
# For macOS/Linux
source myenv/bin/activate
“`

Now, let’s install the required packages using pip and create a `requirements.txt` file:

“`
pip install streamlit pymongo pandas
pip freeze > requirements.txt
“`

Creating the Streamlit App:
Now, let’s create our Streamlit app. We’ll start by importing the necessary libraries and setting up the connection to our MongoDB database:

“`python
import streamlit as st
from pymongo import MongoClient
import pandas as pd
import base64

# Connect to MongoDB
password = st.secrets[‘password’]
client = MongoClient(‘mongodb+srv://username:’ + password + ‘@cluster0.woxnlek.mongodb.net/?retryWrites=true&w=majority&appName=Cluster0’)
db = client[‘your_database_name’]
collection = db[‘your_collection_name’]
“`

Next, we’ll define the CSS styles for our navigation bar using Tailwind CSS:

“`python
st.markdown(
“””

.navbar {
display: flex;
justify-content: space-between;
align-items: center;
padding: 1rem;
background-color: #f0f0f0;
box-shadow: 0px 2px 4px rgba(0, 0, 0, 0.1);
border-radius: 8px;
margin-bottom: 1.5rem;
}
.navbar-item {
margin-right: 1rem;
}

“””
, unsafe_allow_html=True
)
“`

Now, let’s define the main function for our Streamlit app and implement the Add Data and View Data functionalities:

“`python
def main():
st.title(“MongoDB CRUD App”)

# Navigation
page = st.radio(“Navigation”, [“Add Data”, “View Data”])

if page == “Add Data”:
add_data()
elif page == “View Data”:
view_data()

def add_data():
st.header(“Add Data”)

# Input fields for data
name = st.text_input(“Enter Name”)
age = st.number_input(“Enter Age”, min_value=0)
email = st.text_input(“Enter Email”)

# Button to add data to MongoDB
if st.button(“Add Data”):
if name and age and email:
data = {“name”: name, “age”: age, “email”: email}
collection.insert_one(data)
st.success(“Data added successfully!”)
else:
st.warning(“Please fill in all fields.”)

def view_data():
st.header(“View Data”)

# Retrieve data from MongoDB
data = list(collection.find())

# Display data in a table
if data:
df = pd.DataFrame(data)
st.dataframe(df)

# Option to edit or delete data
st.sidebar.title(“Actions”)
action = st.sidebar.selectbox(“Select action”, [“Edit Data”, “Delete Data”])

if action == “Edit Data”:
edit_data(data)
elif action == “Delete Data”:
delete_data(data)

# Download CSV button
csv_data = df.to_csv(index=False)
b64 = base64.b64encode(csv_data.encode()).decode()
href = f’Download CSV File
st.markdown(href, unsafe_allow_html=True)
else:
st.warning(“No data found.”)

# Implementing edit_data() and delete_data() functions omitted for brevity

if __name__ == “__main__”:
main()
“`

Conclusion:
In this tutorial, we’ve learned how to build a MongoDB CRUD application using Streamlit and Tailwind CSS. With Streamlit’s simplicity and interactivity and Tailwind CSS’s easy-to-use utility classes, we’ve created a web interface for managing data in a MongoDB database. You can further enhance this application by adding authentication, validation, and more advanced features. Happy coding!

Article originally posted on mongodb google news. Visit mongodb google news

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A History of AWS Cloud and Data Center Outages

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Posted on nosqlgooglealerts. Visit nosqlgooglealerts

According to InformationWeek’s 2024 Cloud Computing Report, 60% of IT decision makers use Amazon Web Services (AWS) and half of these respondents have faced disruption due to an outage at AWS in the past 12 months.

But outages at AWS is nothing new. Since AWS first debuted to customers in 2006, Data Center Knowledge has been keeping tabs on the cloud giant’s data center outages and what they mean for the industry at large.

Here’s a timeline of the highlights:

In September 2007, AWS faced its first major outage, which wiped out some customer application data. Although Amazon’s Elastic Compute Cloud (EC2) was still a “beta” service at the time, users were less than enthusiastic about the loss of data.

2008: Major Outages for Amazon’s S3 and EC2 Services

In 2008, users of AWS saw significant outages in February and June. On February 15, an outage disrupted sites using AWS to store images. On June 5, severe weather conditions briefly took out power in an undisclosed AWS data center.

2009: AWS Outages in June, July, and December

In 2009, AWS was hit by three major outages, beginning with a June 10 lightning strike taking out service for the EC2 cloud computing service. On July 19, the cloud service provider suffered a two-hour outage, resulting in Amazon.com becoming inaccessible for users. Finally, on December 10, AWS faced a third outage due to power problems in a northern Virginia data center.

2010: Weekend Hardware Failures Cause AWS Outages

AWS encountered a series of power outages and hardware failures in 2010 that resulted in a loss of service for its customers on multiple occasions. EC2 experienced two power outages on May 4 and a seven-hour power loss in the US-East zone on Saturday, May 8. In each case, a group of users in a single availability zone lost service, while the majority of EC2 users remained unaffected. Then, on December 12, EC2 services in Amazon’s EU-West region experienced performance problems for about two hours, causing downtime for some of Amazon’s European sites. Amazon refuted claims of electronic attacks, blaming the outage on the failure of several network hardware devices.

2011: AWS Outage Takes Out Reddit, Quora

On April 21, 2011, AWS suffered an extended outage in one of its northern Virginia data centers, which took down popular sites including Reddit and Quora. Later that year, in August, AWS also faced outages in a Dublin data center, and offered a 10-day service credit for all those affected.

2012: Bugs, Generator Failures, and a Christmas Eve Outage

2012 saw a number of major AWS outages, including:

2013: Autumnal Outages

In 2013, AWS suffered two major outages. First on August 19, AWS suffered a 45-minute outage that resulted in downtime for Amazon’s flagship Amazon.com retail sites. Then, on September 13, AWS services in the US-East 1 region suffered a near two-hour outage.

In September 2015, AWS’s US-East region experienced a brief network disruption impacting its NoSQL database service, DynamoDB. As a result, some of the internet’s biggest sites and cloud services were made unavailable.

Bad weather knocked out AWS services in Sydney, Australia, in June 2016. AWS said a significant number of EC2 instances and EBS volumes within its Sydney region were impacted by connectivity issues.

Hundreds of millions of dollars were lost as the result of an AWS outage in February 2017. According to Amazon, the disruption was caused by a mistyped command during a routine debugging exercise. The outage lasted several hours and affected various AWS customers, including Coursera, Medium, Quora, Slack, Docker, Expedia, and AWS’s own cloud health status dashboard.

In March 2018, a power outage at the Equinix data center was blamed for connectivity problems that temporarily silenced Amazon’s smart assistant Alexa and disrupted operations for some AWS customers, including Atlassian, Twilio, and Capital One.

AWS suffered an outage in November 2020 that impacted some enterprise customers, including Roku, Adobe, and Flickr. AWS’ service page noted that its Kinesis data streaming service was “impaired” in its US East 1 region.

In December 2022, a 40-minute outage hit AWS’s US-East 2 region, the second outage for the zone in 2022. AWS published no incident summary for this outage, and a spokesperson told Data Center Knowledge the company does “not publish Post-Event Summaries … for every service event.”

Recently, in June 2023, AWS experienced a wide-reaching outage, affecting many large organizations, including The Boston Globe, the New York Metropolitan Transportation Authority, and the Associated Press.

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MongoDB Stock: Less Profitable Than Expected (Rating Downgrade) (NASDAQ:MDB)

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Posted on mongodb google news. Visit mongodb google news

MongoDB office in Silicon Valley

Michael Vi

Investment Thesis

MongoDB (NASDAQ:MDB), the leading database platform, is on a path to deliver its 4th consecutive year of decelerating revenue growth rates. And yet, the stock remains richly priced.

And on top of that, MongoDB’s underlying profitability appears

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Generally Available: Index Advisor in Azure Cosmos DB helps optimize your index policy for …

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The new Index Advisor feature is a game-changer for Azure Cosmos DB users! It’s like having a personal consultant that guides you on optimizing your NoSQL queries, ensuring you’re using the right indexes to slash costs and boost query speeds. 
 
With Index Advisor, you’ll receive tailored advice on which indexes to add to your policy and which ones are already working hard for you, making your queries not just faster, but also more cost-efficient. It’s the smart way to get the most out of Azure Cosmos DB! 

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Public preview: Filtered vector search in vCore-based Azure Cosmos DB for MongoDB

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Azure Cosmos DB for MongoDB has improved its vector search capabilities through the introduction of pre-filter vector search. The filter expression in the search spec can compare an indexed single path field, effectively acting as a prefilter to significantly narrow the scope of the vector search.  

Learn more

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Sycomore Asset Management Acquires 5,297 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Sycomore Asset Management raised its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 39.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,665 shares of the company’s stock after acquiring an additional 5,297 shares during the quarter. MongoDB makes up 1.7% of Sycomore Asset Management’s holdings, making the stock its 20th largest holding. Sycomore Asset Management’s holdings in MongoDB were worth $7,807,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC bought a new stake in MongoDB during the third quarter valued at about $30,000. AM Squared Ltd bought a new stake in MongoDB during the third quarter valued at about $35,000. Cullen Frost Bankers Inc. bought a new stake in MongoDB during the third quarter valued at about $35,000. Finally, Castleview Partners LLC bought a new stake in MongoDB during the third quarter valued at about $37,000. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Tuesday, April 9th. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp dropped their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Guggenheim increased their price target on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Finally, Loop Capital began coverage on MongoDB in a research note on Tuesday. They issued a “buy” rating and a $415.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

Get Our Latest Stock Report on MDB

Insiders Place Their Bets

In other news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders sold 91,802 shares of company stock worth $35,936,911 over the last three months. 4.80% of the stock is owned by insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $2.98 during trading on Wednesday, reaching $369.29. The company had a trading volume of 1,311,763 shares, compared to its average volume of 1,384,550. The stock’s fifty day moving average price is $383.39 and its 200 day moving average price is $390.67. MongoDB, Inc. has a fifty-two week low of $212.52 and a fifty-two week high of $509.62. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of -148.91 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, equities research analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

MongoDB Profile

(Free Report)

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

See Also

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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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