GTLB News and Press, GitLab Inc. From 04/21/23

2023-04-21 05:30:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The Strategy outperfor...

SAN FRANCISCO, April 20, 2023 (GLOBE NEWSWIRE) -- ALL REMOTE – GitLab Inc. , the most comprehensive DevSecOps Platform for software innovation, today released its 7th annual Global DevSecOps Report: Security Without Sacrifices. In March 2023, GitLab surveyed more than 5,000 I...

2023-04-20 07:39:37 ET Summary GTLB's FY24 revenue growth guidance has been cut to only 26%, a major factor in the drop in share price. The price increase is expected to have a minimal impact on FY24 revenue due to timing of renewals and contract duration. Despite the weak mac...

SAN FRANCISCO, April 18, 2023 (GLOBE NEWSWIRE) -- ALL REMOTE – GitLab Inc. , the most comprehensive DevSecOps platform for software innovation, and Oracle Corporation , a global technology leader, today announced the general availability of a new offering that expands share...

2023-04-11 14:40:33 ET Summary GitLab guided revenue growth of 25% YoY in FY2024, materially decelerating from 68% YoY in FY2023. The stock still trading at a high growth multiple (8.7x EV/FY24E revenue) after a weak revenue guidance is problematic. Despite macro headwinds, on...

2023-03-31 17:25:13 ET GitLab ( NASDAQ: GTLB ) on Friday disclosed in a Securities and Exchange filing a prospectus for a secondary offering. The company said its selling stockholders intend to offer and sell 1,635,545 class A shares of the company. "The shares will b...

2023-03-30 12:33:14 ET Summary Cloud will see belt-tightening in 2023, and investors will have to gamble on the timing for when this turns around. Cloud is insulated from trade wars and overseas manufacturing issues. It reduces costs for enterprises, which is ideal for a recession...

2023-03-29 08:44:03 ET GitLab ( NASDAQ: GTLB ) and Confluent ( NASDAQ: CFLT ) rose in premarket trading on Wednesday as investment firm Mizuho initiated coverage on the companies. GitLab: Analyst Gregg Moskowitz started coverage on the DevOps company with a neutral r...

2023-03-28 05:50:00 ET Nearly every software stock has gotten crushed over the past year, as slowing enterprise demand and recessionary fears eroded valuations in the high-priced sector. Earlier this month, it was GitLab 's (NASDAQ: GTLB) turn. Shares of the DevOps platform do...

2023-03-24 08:29:00 ET It's impossible to get the full picture of what's happening with any business from a quarterly earnings report. GitLab (NASDAQ: GTLB) is a wonderful case in point. Following a not-so-great quarterly earnings update -- and a cratering in stock price -- GitLab r...