MongoDB Earnings: Don't Chase This Stock, Cache Out
MDBMongoDB(MDB) Seeking Alpha·2024-08-30 17:30

1 F t I 1 1 BrianAJackson Investment Thesis MongoDB (NASDAQ:MDB) delivers what some may say a middle-of-the-road earnings results that result in its share price soaring more than 10% after hours. What a shocking reaction by the market. What's more, despite management raising its guidance for fiscal 2025, the stock is still priced at 100x forward non-GAAP operating profits. I'm a tech investor, so I know it's blasphemous to even mention GAAP earnings, but this company is still incurring more and more GAAP lo ...