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Business

Adam Eckert

MongoDB Stock Is Soaring Wednesday: Here's Why

MongoDB Mongo MDB

July,30,,2019,Palo,Alto, - ,Ca, - ,Usa,-

MongoDB Inc (NASDAQ:MDB) shares are soaring Wednesday after the company reported better-than-expected financial results for the second quarter and raised its fiscal 2026 guidance. Multiple analysts also lifted price targets following the print.

What To Know: MongoDB beat analyst estimates on the top and bottom lines in the second quarter, reporting revenue of $591.4 million versus estimates of $552.46 million, and adjusted earnings per share of $1 versus estimates of 66 cents.

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