Database company MongoDB ($MDB) is rolling in 2020, with shares up more than double so far this year.
The company is still facing expected losses, according to analysts tracked by Zacks Investment Research, of -$0.69 when it announces earnings after the bell on Thursday, June 4.
So far, from the peak in March, MongoDB's job postings have declined by nearly 30%.
It might not be that big of a deal that job postings have declined for this tech company - and there is no shortage of tech companies that have seen job postings drop off from where they were earlier this spring, pre-pandemic. Plus, for MongoDB, the company has seen its LinkedIn Headcount (not shown) rise more than 20% this year; some of these job postings may have simply been filled.
Furthermore - a great sign for companies that trended well in times of crisis - MongoDB, too, has seen its Facebook Talking About Count roar in recent weeks.
It's already been a great run for Nasdaq stocks, and continued sheltering-in-place may play into the hands of companies like MongoDB. Once trading wraps up, investors will have a better picture of its near-term trajectory.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
