MongoDB Shares Surge 18% Following Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/MDB'>MongoDB, Inc. (NASDAQ:MDB) </a>shares were trading more than 18% higher Wednesday afternoon following the company’s reported strong Q4 results, beating the Street estimates behind accelerating growth for Enterprise Advanced and Atlas, with the latter showing an impressive 85% year-over-year revenue growth.</p>
<p>Analysts at Oppenheimer continue to be impressed by the strong growth in Atlas, which benefited from strong in-quarter expansion trends and customers looking to consolidate point solutions, and believe Atlas is increasingly viewed as an enterprise solution capable of handling mission-critical workloads. </p>
<p>While the analysts anticipate some margin pressure as the company continues to invest for growth and travel expenses normalize, they believe the company has a leading solution with a strong technological moat and is favorably positioned in 2023.</p>
<p>The company provided its full 2023-year outlook, expecting EPS in the range of ($0.51)-($0.29), better than the consensus estimate of ($0.60), and revenue in the range of $1.151-1.181 billion, compared to the consensus estimate of $1.15 billion.</p>

NASDAQ:MDB