MongoDB (MDB) Rallies After Earnings & How To Trade

MongoDB (MDB) stock rallies after earnings which were released June 1st, postmarket. George Tsils discusses MDB as its adjusted EPS came in at $0.56 versus an estimated $0.19 and revenue came in at $368.28M versus an estimated $346.30M. he talks about how its Atlas revenue was up 40% year-over-year, which is 65% of its total 1Q revenue. MDB sees FY revenue of $1.52B-$1.54B. Piper Sandler and Barclay's have an overweight rating on MDB, while JMP Securities has an outperform rating, and Goldman Sachs has a buy rating. He then demonstrates an example trade using MDB. The trade type is a put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.