Here's How MongoDB Shares Gained 20% Last Month
Shares of MongoDB (NASDAQ: MDB) rose 20.3% in September, according to data from S&P Global Market Intelligence. The maker of next-generation database systems posted an impressive second-quarter report on Sept. 2, and the stock never cooled down from the resulting surge.
MongoDB's sales rose 44% year over year to $199 million. Adjusted net losses increased from $0.22 to $0.24 per diluted share. Your average analyst would have settled for a deeper net loss of $0.39 per share on top-line revenue near $184 million. The results also landed above the high end of MongoDB's guidance ranges for the second quarter.
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Source Fool.com
