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

GitLab's shares are trading higher after the company reported better-than-expected Q2 results. GitLab also issued strong guidance for Q3 and FY24.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:00 pm

GitLab has projected its FY24 adjusted EPS to be between $(0.08) and $(0.05), which is better than the estimated $(0.14). The company also expects its revenue to be between $555M and $557M, surpassing the estimated $542.81M.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:10 pm

GitLab has released its Q3 adjusted EPS guidance, expecting a range of $(0.02)-$(0.01), which is better than the estimated $(0.04). The company also anticipates revenue between $140M-$141M, surpassing the estimate of $138.11M.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:09 pm

GitLab (NASDAQ:GTLB) reported Q2 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.03) by 133.33%. The company also reported quarterly sales of $139.58 million, surpassing the analyst consensus estimate of $129.67 million by 7.64%. This represents a 106.67% increase in earnings and a 38.14% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:08 pm

Stocks are expected to start weaker after the Labor Day break due to bargain hunting and anticipation of Federal Reserve speeches. Concerns persist from underwhelming service sector data in China and Europe. August’s auto sales figures might also influence trading. Analyst Tom Lee warns of potential issues such as the UAW strike that could affect General Motors Corp. and Ford Motor Co., and the surge in the federal deficit. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both slipped. Fidelity National Financial, Inc. rose over 7% in premarket trading after Citi increased its stake in the company.

Portfolio Pulse from Shanthi Rexaline

September 05, 2023 | 11:00 am

Several companies are scheduled to report their earnings on September 5, 2023. These include Procaps Gr, America's Car-Mart, Tower Semiconductor, Brady, Ascendis Pharma, AeroVironment, Asana, GitLab, Zscaler, HealthEquity, Grindrod Shipping Hldgs, and Brasilagro - Cia Bras.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 10:37 am

The article reports on unusual options activity in the Information Technology sector. Ten companies are mentioned: AAPL, INTC, RIOT, NVDA, IOT, SMCI, MU, GTLB, ORCL, and CSCO. The article provides details on the type of options (put or call), sentiment (bearish or bullish), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 5:35 pm

GitLab (NASDAQ:GTLB) is set to release its latest quarterly earnings report on Tuesday, 2023-09-05. Analysts estimate an earnings per share (EPS) of $-0.03. Last quarter, GitLab beat EPS by $0.08, resulting in a 31.19% increase in share price the next day. Shares of GitLab were trading at $47.37 as of August 31, with a 52-week increase of 3.73%.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 2:01 pm

Shares of software and IT stocks are trading lower following Fitch's downgrade of the US credit rating, which has negatively impacted risk sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:48 am

GitLab Inc. has confirmed its Q2 and FY24 guidance, with Q2 EPS expected to be between $(0.03) and $(0.02), and revenue between $129M and $130M. For FY24, the company expects EPS to be between $(0.18) and $(0.14), and revenue between $541M and $543M. These are forward-looking statements and actual results may differ.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:10 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.