Streetbeat News

GTLB

GitLab Inc.

https://about.gitlab.com

Industry

Software - Application

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The company also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. The company was founded in 2011 and is headquartered in San Francisco, California.

Open

60.09

Mkt cap

9.8B

Volume

1.5M

High

61.66

P/E Ratio

-26.15

52-wk high

78.53

Low

59.15

Div yield

N/A

52-wk low

40.72

In Monday's after-market session, several Information Technology stocks showed significant movement. Viant Technology, Phunware, CommScope Holding Co, Casa Systems, Sonim Technologies, and Intrusion experienced gains, with Viant Technology leading at an 8.9% increase following their Q4 earnings report. Conversely, GitLab, SEMrush Holdings, ARB IOT Group, MicroStrategy, Presto Automation, and inTest faced declines, with GitLab dropping 11.6% after their Q4 earnings announcement.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:32 pm

GitLab Inc. (NASDAQ:GTLB) reported Q4 earnings of 15 cents per share, surpassing the 8 cents estimate, with sales of $163.78 million beating the $158.21 million estimate. However, the company's outlook for Q1 and FY 2025 revenue and earnings per share falls below analyst estimates, leading to a 10.8% drop in after-hours trading.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 9:30 pm

GitLab shares are trading lower following the company's announcement of Q1 and FY25 EPS guidance that fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:17 pm

GitLab (NASDAQ:GTLB) reported Q4 earnings of $0.15 per share, surpassing the $0.08 estimate, marking an 87.5% beat and a 600% increase from last year's losses. Sales reached $163.78M, exceeding the $158.21M estimate by 3.52% and showing a 33.25% year-over-year growth.

Portfolio Pulse from Happy Mohamed

March 04, 2024 | 9:06 pm

GitLab Inc. (NASDAQ:GTLB) is set to release its Q4 earnings on March 4, 2024, with analysts forecasting an EPS of 8 cents, up from a loss of 3 cents a year ago, and revenue of $158.21 million, up from $122.91 million. The company recently appointed Sabrina Farmer as CTO. Shares rose 1.7% to $73.31. Analysts from Truist Securities, DA Davidson, Mizuho, Goldman Sachs, and RBC Capital have provided ratings and adjusted price targets.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 3:10 pm

Wall Street exhibits caution despite recent record highs in the Nasdaq and S&P 500, with a focus on upcoming Fed speeches and labor market data. Cryptocurrency markets, particularly Bitcoin, show strength, potentially influencing stock market sentiment. Notable stock movements include Macy's, Super Micro Computer, and Deckers Outdoor due to acquisition offers and S&P 500 index inclusion. Upcoming economic data and corporate earnings reports are anticipated to impact market direction.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 11:21 am

Earnings reports for March 4, 2024, include a mix of expected losses and gains across various sectors. Notable companies like Sea, Global Ship Lease, and Stitch Fix are among those reporting, with projections ranging from significant losses to substantial earnings per share. This diverse earnings landscape provides insights into different industry performances.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:53 am

GitLab (NASDAQ:GTLB) is scheduled to release its quarterly earnings report on Monday, 2024-03-04, with analysts expecting an EPS of $0.08. The company's past performance shows a pattern of beating EPS estimates, leading to significant share price movements. Last quarter, GitLab beat the EPS estimate by $0.10, resulting in an 11.45% share price increase the following day. Over the last 52-week period, GitLab shares have risen by 42.94%, indicating a positive outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:00 pm

Shares of tech sector companies are trading higher due to overall market strength, influenced by NVIDIA's strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:54 pm

Wall Street reached new highs with the S&P 500 and Nasdaq 100 leading, ahead of the January inflation report. Bitcoin soared to $50,333, and NVIDIA surpassed Amazon in market cap. The VanEck Semiconductor ETF surged over 20% YTD. Major ETFs like SPY, DIA, and QQQ also saw gains, with sector-specific ETFs like XLB, XLE, and XLC performing well. V.F. Corporation and Enphase Energy stocks rose significantly. Companies like Arista Networks, Cadence Design Systems, Waste Management, and Principal Financial Group are set to report earnings.

Portfolio Pulse from Piero Cingari

February 12, 2024 | 6:50 pm

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