MongoDB

MongoDB shares rose about 1.8% pre-market, clawing back part of a prior sell-off that occurred despite strong quarterly results. In Q2 2027 the company reported revenue of $772 million (+30% y/y) and adjusted EPS of $1.90; the full-year revenue guide was raised to $2.99–3.03 billion. Analysts were mostly positive and maintained price targets, with Needham and Citizens defending their ratings. Sector-strong results from GitLab support the demand outlook for enterprise software, while investors await further clarity on Atlas at the investor day at the end of September. » More on de.investing.com

Rosenblatt raised its price target on MongoDB from $395 to $445 and kept a Buy rating after Q2 fiscal 2027 results showed 30% revenue growth, improved profitability and a raised full-year revenue outlook. Atlas revenue grew 29% year-over-year and represented 73% of revenue, while non-Atlas sales grew 36% and free cash flow nearly doubled to $137.6 million. Shares fell over 12% as investors focused on Atlas' pace of growth versus higher expectations, though management said an acceleration could arrive within a few quarters. » More on finance.yahoo.com

In the second quarter MongoDB increased revenue by 25% to $687.6 million and returned to profitability with operating income of $28.4 million and net income of $40.9 million. Remaining performance obligations rose to $1.52 billion (+91%) and operating cash flow doubled to $142 million. Management raised the full-year outlook, but the stock fell about 13% after hours as investors apparently had higher expectations. » More on deraktionaer.de