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MongoDB Added the Most New Customers in Over 2 Years -- Is It Finally Time to Buy the Stock?

Danny Vena, The Motley Fool
·4 min read
MongoDB Added the Most New Customers in Over 2 Years -- Is It Finally Time to Buy the Stock?

Like many stocks, MongoDB (NASDAQ: MDB) was punished harshly, at one point losing more than two-thirds of its value. After the market close on Thursday, MongoDB delivered decisive results, putting investors on notice that a rebound was at hand -- characterized by strength in all the metrics that matter and a classic beat-and-raise. For its fiscal 2024 first quarter (ended April 30), MongoDB generated total revenue of $368.3 million, up 29% year over year.

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