MongoDB Stock Doomed?
I am still scratching my head due to MongoDB earnings call a few days ago. They predicted their next year's growth to be at 13.8%, slowing down from the current 31% annual growth rate! Mind = Blown! This means MongoDB growth is tapering, and the current multiple of 16x of annual revenue is way overpriced! If projections are to be believed, a fair price will probably be around 3x of projected revenue, which means under $80. This means an 80% price drop! Sounds crazy to me. Mind = Blown Again! MDB folks knew all this and probably ran their numbers forward and back, up and down, before making this announcement. The numbers cannot be a clerical mistake or mathematical error. There is something really bad going on with MongoDB, which is causing its growth to stall. Although Oracle had a good earnings call, it was due to their cloud apps and not due to the database. Big brains of Blind, please shed some light on this plight. Blind tax TC 7 figure (running business) YOE 20 Tagging companies building popular databases Edit: fixed typos and grammar mistakes
NoSQL is just out of fashion now, and whatever interest is left is consumed by cloud offerings.
Out of the loop on latest DB trends, can you explain why nosql is out of fashion? What is used now?
NoSql is eating sql, what are you talking about?
They’ll do some Ai offerings to try and keep analysts interested but good to get acquired by Oracle or someone
Oracle will win
LoL dude.. just read a few recent earnings transcripts. You'll know what was that. Maybe you shouldn't pick stock with this level of judgement? Counting recognized revenue from the last year is going to be different and more conservative: unused commitment is not going to be the things anymore. Multi-year contract from 2023 won't happen again probably in 2024 in enterprise. But it's a small part of revenue stream. Also, we did slow down with hiring, and planning hire more next year. All this and the guidance on the revenue is lower. Customers grows and meaningful atlas consumption is going to be the same pace. No obstacles ahead.
Bro, jump the ship while you can. Palo Alto Networks also had a similar outlook for next year and their stock fell like 30%.
It seems there is growth on the FedRamp/Gov side too.. the govies like them docs
So buy puts at 80-90 strike price?
Interesting