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The high-growth database play gave disappointing guidance, which is a killer for an expensive stock.
Ultramodern database software specialist MongoDB (NASDAQ: MDB) had a bad market day on Tuesday. The stock was down 13.9% at 11:45 a.m. ET despite an impressive third-quarter report.
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The new line of product, called Navicat for MongoDB, was released in July 2018 for Windows, Mac OS X and Linux. It provides a native environment for MongoDB management and supports the extra features like MapReduce, GridFS Buckets. Also at the release, the MongoDB version was included in Navicat Premium. In May 2023, Navicat for Redis was released.
MongoDB is a source-available, cross-platform, document-oriented database program. Classified as a NoSQL database product, MongoDB uses JSON-like documents with ...
Without connection pooling mechanisms (e.g., HikariCP, pgbouncer), idle or excessive connections can strain database resources. Virtual Machine-Based Environments: AWS EC2 instances scale connection demand with the number of instances. Manual or automated tuning of connection pool parameters is essential to prevent exceeding database limits.
These are likely factors to explain why MongoDB stock was up 14% as of 1:50 p.m. ET. Could MongoDB's outlook be improving? ... 47 hobbies for couples looking to connect and have fun.
MongoDB, Inc. is an American software company that develops and provides commercial support for the source-available database engine MongoDB, a NoSQL database that stores data in JSON-like documents with flexible schemas.