Welcome to our dedicated page for GitLab news (Ticker: $GTLB), a resource for investors and traders seeking the latest updates and insights on GitLab stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GitLab's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GitLab's position in the market.
Rhea-AI Summary
GitLab Inc. (NASDAQ: GTLB) reported a strong third quarter fiscal year 2024 with a revenue of $149.7 million, up 32% year-over-year. The company's DevSecOps Platform continues to gain traction with customers, leading to significant growth in revenue. The company also achieved its first quarter of non-GAAP operating profit and recorded positive customer growth metrics. However, the GAAP operating margin remains negative at (27%). GitLab Inc. expects a revenue of $157.0 - $158.0 million for the fourth quarter with a non-GAAP net income per share of $0.08 - $0.09.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.45%
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Rhea-AI Summary
GitLab Inc. (NASDAQ: GTLB) to report Q3 fiscal year 2024 financial results on December 4, 2023, after U.S. markets close. The company will host a Zoom video conference and earnings webcast to discuss the results. Interested parties may register for the conference call at ir.gitlab.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.85%
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Rhea-AI Summary
GitLab Inc. announces the beta availability of GitLab Duo Chat and the upcoming general availability of GitLab Duo Code Suggestions. These AI capabilities aim to increase security, efficiency, and collaboration across the entire software development lifecycle. GitLab Duo Chat, a powerful natural-language AI assistant, provides real-time guidance, insights, and suggestions to help analyze code, assist with planning, understand and fix security issues, troubleshoot CI/CD pipeline failures, assist with merge requests, and more. GitLab Duo Code Suggestions helps development, security, and operations teams create and update code to reduce cognitive load, improve efficiency, and build more secure software faster.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
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Rhea-AI Summary
NASDAQ: GTLB - GitLab Inc. to Present at RBC Capital Markets Technology, Internet, Media and Telecommunications Conference on November 14th, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
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Rhea-AI Summary
Open-source endpoint security company Fleet announces new script execution capabilities based on osquery
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
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Rhea-AI Summary
GitLab's CFO to present at Piper Sandler Growth Frontiers Conference on September 12th
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.9%
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News
Rhea-AI Summary
Organizations optimistic about AI adoption in software development, but privacy and security concerns persist. 83% see AI as essential, but 79% worry about access to private info. 40% view security as a benefit, but 40% of security professionals fear increased workload. 90% use or plan to use AI, but 81% need more training. Increased productivity seen as a positive, but potential divide between developers and security professionals. Insufficient training and resources contribute to AI skills gap. Privacy-first AI platforms in demand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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Rhea-AI Summary
GitLab Inc. reports Q2 FY 2024 financial results with quarterly revenue of $139.6 million, up 38% YoY. Non-GAAP net income per share of $0.01. The company sees continued business momentum and responsible growth. Customers with more than $5,000 of ARR increased by 33% and customers with more than $100,000 of ARR increased by 37%. GitLab named a leader in Gartner Magic Quadrant for DevOps Platforms and the only leader in The Forrester Wave for Integrated Software Delivery Platforms. GitLab expects Q3 revenue of $140.0 - $141.0 million and FY 2024 revenue of $555.0 - $557.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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Rhea-AI Summary
GitLab CEO to present at Goldman Sachs conference
Rhea-AI Impact
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End-of-Day
3.8%
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Rhea-AI Summary
GitLab recognized as DevOps, Application Development leader
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
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GitLab Inc.
Nasdaq:GTLB
GTLB Rankings
GTLB Stock Data
8.65B
105.57M
4.71%
69.45%
2.58%
Data Processing, Hosting, and Related Services
Information
United States of America
SAN FRANCISCO
About GTLB
gitlab is an open source tool used by developers to create and manage code bases collaboratively. built on git, which is a very popular and efficient distributed version control system, gitlab gives you all the tools needed for git repository management from code reviews to issue tracking and more.