MongoDB
- pnews@admin
- April 20, 2021
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- 5 MINUTE LESEDAUER
For those in the software development community, MongoDB (NASDAQ:MDB) has been a breath of fresh air that has redesigned how developers can take large amounts of data and analyze them for the application code. For those not in the software development community, explaining what MongoDB does can be a little more tricky. Essentially, MongoDB has created a document-based database program rather than using the traditional data structure that requires much more work on the developer’s end. The program allows users to perform tasks such as ad hoc queries and real time aggregation to make analyzing data a much more streamlined job. Learn More
MongoDb has also been a strong performing stock since the company made its public debut back in October of 2017. Shares hit the market at a very reasonable price of $24 per share, and has already returned more than ten times that as the stock is trading at around $315 per share at the time of this writing. Despite the high valuation, the company only has a market cap of $19 billion, making it a prime candidate to grow by ten times again in the future. The stock has a 52-week trading range of $147.29 to $428.96, which means shares are currently trading at a near 30% discount from the 52-week highs.
The Bullish Case: MongoDB is near universally adored by software developers, as it provides a scalable and highly efficient way of analyzing large amounts of data in no time at all. The company has built a strong stable of partners that range from Chinese tech conglomerate AliBaba (NYSE:BABA) to clients such as Bosch, ThermoFisher Scientific (NYSE:TMO), Expedia (NASDAQ:EXPE), Alphabet (NASDAQ:GOOGL), and European eCommerce platform Otto. MongoDB has several different products including its cloud database service MongoDB Atlas, which uses data distribution and mobility across the big names like Amazon (NASDAQ:AMZN) Web Services, Google Cloud, and Microsoft (NASDAQ:MSFT) Azure. MongoDB Realm allows developers to create better, faster apps for mobile phones and other connected devices, and MongoDB Compass allows for lightning fast data queries, while gaining immediate access to server status and your query performance. MongoDB has a full roster of software that it charges as a recurring revenue subscription service, so as its client base grows, so too should its top and bottom lines.
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Sebastian Seiler
