MongoDB Shows Why Some Growth Stocks Are Worth a High Price
Shares of cloud-based database specialist MongoDB (NASDAQ: MDB) popped in after-hours trading on Monday, following the company's fiscal third-quarter earnings release. The tech company posted some astounding results, giving investors a reminder that some fast-growing companies' stocks deserve to trade at high premiums.
Revenue for the quarter accelerated, crushing analyst estimates. MongoDB's fiscal fourth-quarter guidance was impressive, too.
Here's a closer look at the results.
Source Fool.com
