Stock News in Focus: MongoDB (NASDAQ:MDB)

On Wednesday MongoDB (NASDAQ:MDB) stock soared 4.79% and closed at 147.75. The stock opened the session at $141.39 and touched its highest price point at $149.46. Its recent trading capacity is 1753815 shares versus to its average trading volume of 1027266 shares. The company’s stock’s lowest price point for the session stood at $140.MDB traded as low as $ 65.62 in the past 52 weeks, and shares hit its peak level to $184.78.

On Nov. 20, 2019, MongoDB (NASDAQ:MDB) the leading, modern, general purpose database platform, declared it has appointed Francisco (Frank) D’Souza to the company’s Board of Directors. D’Souza is a veteran entrepreneur and tech executive who co-founded Cognizant, one of the world’s leading professional services companies, and was its Chief Executive Officer for more than a decade. Currently, D’Souza is Vice Chairman of Cognizant’s Board of Directors.

During his 12 years as Cognizant’s CEO, he oversaw a period of sustained growth and transformation that included: a 10x increase in revenue from $1.4B in 2006 to $16.1B in 2018, a 7x increase in headcount from 39,000 in 2006 to 282,000 in 2018, and Cognizant’s inclusion in the Fortune 200.

D’Souza also serves on the Board of Directors of General Electric Company, on the Board of Trustees of Carnegie Mellon University and as Co-Chairman of the Board of Trustees of the New York Hall of Science. He is a member of the World Economic Forum and serves as the 2019 Chairman of its IT and Electronics Governors community.

Frank has tremendous experience scaling a Fortune 200 technology company with a giant market opportunity and maintaining high growth over a sustained period of time, the very things MongoDB is striving to do in the database market, said Dev Ittycheria, President & CEO of MongoDB. Frank led Cognizant’s transformation into one of the world’s most admired and successful technology companies. His knowledge will be invaluable as we continue to transform the global database industry with our disruptive technology.

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