NEW YORK - MongoDB , Inc. (NASDAQ: NASDAQ:MDB), a leading multi-cloud developer data platform, has expanded the availability of MongoDB Atlas (NYSE:ATCO) to six additional cloud regions, the company announced Thursday. This expansion brings the total number of cloud regions offering MongoDB Atlas to 117, across Amazon (NASDAQ:AMZN) Web Services (AWS), Google (NASDAQ:GOOGL) Cloud, and Microsoft (NASDAQ:MSFT) Azure. The move aims to address the growing demands for data residency, availability, and latency-sensitive applications.
The new regions include Canada West (Calgary) and Israel (Tel Aviv) for AWS; Germany (Berlin) for Google Cloud; and Israel Central (Tel Aviv), Italy North (Milan), and Poland (Warsaw) for Microsoft Azure. These additions are part of MongoDB's ongoing effort to provide a globally distributed developer data platform that enables seamless operation of applications across major cloud providers.
MongoDB Atlas offers multi-cloud clusters that allow customers to distribute their data across different cloud provider regions to meet various requirements, such as data sovereignty, regulatory compliance, and performance optimization. The platform integrates with a range of cloud services, including AI and machine learning tools, to support the development of modern applications.
For AWS users, MongoDB Atlas is now integrated with Amazon SageMaker and can leverage Amazon CodeWhisperer for AI-powered coding assistance. On Google Cloud, the platform is now available in the Google Distributed Cloud Hosted for customers needing to run sensitive workloads in a private cloud. On Microsoft Azure, MongoDB Atlas Online Archive and Atlas Data Federation have been made generally available, offering cost-effective data storage and management solutions.
The expansion is expected to benefit organizations of all sizes, from startups to large enterprises and government agencies, by providing more flexibility in where and how they run their workloads. MongoDB's global clusters feature also enables organizations to geographically partition databases to better control data residency while maintaining performance.
The information reported is based on a press release statement from MongoDB, Inc.
InvestingPro Insights
In light of MongoDB's (NASDAQ: MDB) strategic expansion of its MongoDB Atlas platform, the company's financial and market data reflect a dynamic environment. According to InvestingPro, MongoDB has experienced a 111.65% one-year price total return as of the latest data, signaling robust investor confidence and a strong market performance. This aligns with the company's aggressive growth strategy and global expansion efforts.
InvestingPro Tips highlight that MongoDB's liquid assets exceed its short-term obligations, providing the company with a solid liquidity position to support its ongoing investments in infrastructure and services. Additionally, analysts are optimistic about MongoDB's prospects, with 20 analysts revising their earnings upwards for the upcoming period, indicating potential for future profitability.
From a valuation perspective, MongoDB's current market capitalization stands at $32.09 billion, and while the company is trading at a high revenue valuation multiple and Price / Book multiple of 33.06, these metrics may be justified by its significant revenue growth of 33.39% over the last twelve months as of Q3 2024. The company's ability to maintain a high gross profit margin of 74.85% further supports the argument that MongoDB is effectively capitalizing on its market opportunities.
For readers interested in deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/MDB, which provide further insights into MongoDB's financial health and market position. To access these valuable resources, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.