tl;dr
MongoDB (NASDAQ:MDB) is set to release its fiscal third-quarter results, with a focus on the growth potential of its Atlas service, according to Monness, Crespi, Hardt. Analyst Brian White predicts a 33% revenue growth to $443M, a decrease from the year-ago quarter, but is confident that the company...
MongoDB (NASDAQ:MDB) is set to release its fiscal third-quarter results, with a focus on the growth potential of its Atlas service, according to Monness, Crespi, Hardt. Analyst Brian White predicts a 33% revenue growth to $443M, a decrease from the year-ago quarter, but is confident that the company will exceed Wall Street estimates. White's analysis points to Atlas holding considerable importance, as it accounted for 63% of revenue in the second quarter and experienced 38% growth. Additionally, he notes a cloud computing market slowdown, which may have a positive impact on MongoDB. Looking ahead, White anticipates significant growth in the fourth quarter, projecting revenue of $504.2M, up 40% year-over-year, and estimates strong sales and earnings for fiscal 2025.
In preparation for releasing its fiscal third-quarter results, MongoDB (MDB) is expected to experience a slowdown in revenue growth. Analyst Brian White is optimistic about the company's potential to exceed Wall Street's estimates, particularly highlighting the significance of its Atlas service. White's analysis reflects the strength of Atlas, emphasizing its contribution to revenue and growth. Additionally, he anticipates a slowdown in the cloud computing market, which may work in MongoDB's favor. Looking to the future, White projects substantial revenue growth in the fourth quarter, along with strong sales and earnings for fiscal 2025.
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