MongoDB Delivers Strong Growth and Swings to a Profit. Is It Too Late to Buy the Stock?
The bear market has been particularly brutal on tech stocks, especially those that are unprofitable and those with high valuations. MongoDB (NASDAQ: MDB) fell into both categories, and its punishment was swift and severe, with the stock shedding 74% of its value since late last year.
If investors had a holiday wish list related to MongoDB, it would undoubtedly include a beat and raise, strong growth, and maybe even a little profitability for their stocking. When the company released its financial results, MongoDB put plenty of presents under the tree, delivering everything on shareholders' wish lists -- and more.
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Source Fool.com
