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.
Final Verdict on MongoDB: It’s hard not to love this company, especially considering the strong moat and clientbase it already has. The SaaS revenue model is proven, and MongoDB has improved its revenues like clockwork year after year. The stock may seem expensive, but it is because it is a company with a low share float, so the price can be driven up and down easier than for companies with a large share float. Ignore the stock price and look into the performance of the company and where it will go from here. MongoDB represents a nice value at current price levels after its recent correction.