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.

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Source Fool.com