|Bid||505.79 x 1000|
|Ask||510.78 x 900|
|Day's range||484.29 - 515.50|
|52-week range||211.29 - 515.50|
|Beta (5Y monthly)||0.72|
|PE ratio (TTM)||N/A|
|Earnings date||06 Dec 2021 - 10 Dec 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||479.54|
Shares of database company MongoDB (NASDAQ: MDB) soared earlier this month following a second-quarter report that blew away expectations. The database market is moving to the cloud, and MongoDB is angling to be the provider of choice. Here are five things investors need to know about this innovative database company.
The relational database, which stores data in neat rows and columns, has been the standard for decades. NoSQL databases, which usually store data in flexible documents, have emerged as a compelling alternative. Given the success of NoSQL pioneer MongoDB (NASDAQ: MDB), which is now worth around $32 billion following a blockbuster quarterly report, betting on smaller NoSQL database companies could make sense for investors convinced that NoSQL is the future.
Yahoo Finance’s Jared Blikre reports details on Yahoo Finance’s Investment idea of the day.