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GitLab Inc. - GTLB STOCK NEWS

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.

GitLab Inc. (GTLB) is a leading all-remote software development company specializing in DevSecOps. GitLab offers a comprehensive platform that enables developers to collaboratively create, manage, and secure codebases. Built on the renowned Git system, GitLab provides tools for code reviews, issue tracking, and more. The company operates in two major competitive landscapes: DevOps point solutions and DevOps platforms. Unlike other solutions that require multiple tools, GitLab consolidates everything into a single platform with one codebase and a unified interface.

Headquartered in the United States and with operations across Europe and Asia Pacific, GitLab's mission is to accelerate innovation in software development. It offers both self-managed and software-as-a-service (SaaS) models, making it versatile for various organizational needs.

Recently, GitLab introduced GitLab Duo Enterprise, an AI-powered add-on that spans the entire software development lifecycle. This innovation is designed to enhance security, streamline workflows, and foster team collaboration. The AI impact dashboard and value stream forecasting capabilities provide insights into the usage and impact of AI features, helping organizations optimize their development processes.

In financial terms, GitLab has shown resilience and growth. Despite facing a $4 million headwind in fiscal year 2025 revenue guidance, the company has adjusted its forecasts to meet expectations. GitLab remains committed to transparency, as evidenced by its publicly available company Handbook and frequent updates on financial metrics and operational strategies.

With over 30 million registered users and more than 50% of Fortune 100 companies relying on its platform, GitLab continues to be a trusted partner in delivering secure, efficient, and innovative software solutions.

News

GitLab Announces the General Availability of GitLab Duo Chat

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GitLab Inc. announces the general availability of GitLab Duo Chat, a new AI-powered DevSecOps platform feature. The chat interface optimizes workflows, boosts productivity, and offers AI capabilities like code explanation, refactoring, and test generation. Users can access Chat within GitLab's user interface and popular IDEs, enhancing collaboration and efficiency in software development.
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GitLab Wins a Google Cloud Technology Partner of the Year Award for DevOps

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GitLab receives the 2024 Google Cloud Technology Partner of the Year Award in Application Development - DevOps category for the fourth consecutive year. The partnership with Google Cloud enhances secure AI offerings, integrating AI-powered features into the DevSecOps platform. This recognition emphasizes the commitment to efficient software development, privacy-first AI, and security integrated from the start.
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GitLab to Hold Fireside Chat with Truist Securities

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GitLab Inc. announces participation in a fireside chat with Truist Securities. CEO and CFO to discuss on March 27, 2024. Webcast details provided.
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GitLab Acquires Oxeye to Advance Application Security & Governance Capabilities

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GitLab Inc. acquires Oxeye, a cloud-native application security provider, to enhance its DevSecOps platform. The acquisition will accelerate GitLab's SAST roadmap, improve security scanning technology, and provide actionable insights for customers.
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GitLab Reports Fourth Quarter and Full Year 2024 Financial Results

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GitLab Inc. (GTLB) reports strong financial results with a 33% revenue increase year-over-year. The company achieved a non-GAAP operating margin of 8% in Q4 FY24. Despite a GAAP net loss per share of $(0.23), the non-GAAP net income per share was $0.15. Fiscal Year 2024 saw total revenue of $579.9 million, with a 37% increase from the previous year. GitLab highlighted key product launches, executive appointments, and award recognitions, showcasing continued growth and innovation.
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GitLab To Announce Fourth Quarter and Full Year Fiscal 2024 Financial Results

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GitLab Inc. (GTLB) will report its Q4 and fiscal year 2024 financial results on March 4, 2024. The company will host a Zoom conference to discuss the results.
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Fleet Lets IT Departments Replace Broadcom's Workspace ONE With Open-Source Device Management

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Open-source device management pioneer Fleet announced a new version with simplified support for managing every kind of corporate device in one place: Apple, Windows, and even Linux. This release enables enterprise IT departments to consolidate and remove the need for proprietary alternatives, reducing demands on IT departments and allowing organizations to enroll their Windows and Linux devices in the same modern Mac-first platform they use to manage Apple.
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GitLab Appoints Sabrina Farmer as Chief Technology Officer

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GitLab Inc. appoints former Google VP of Engineering, Sabrina Farmer, as its chief technology officer (CTO). Farmer brings over 25 years of experience to lead software engineering, operations, and customer support teams for the AI-powered DevSecOps platform. She joins GitLab after a 19-year career at Google, where she was responsible for the reliability, performance, and efficiency of all billion-user products and infrastructure. Farmer is known for advocating for women in technology and holds a B.S. in Computer Science. The appointment is expected to inspire innovation and enable customers to boost speed and efficiency without sacrificing privacy, security, and compliance.
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GitLab Announces Pricing of GitLab Duo Pro

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GitLab Inc. announces the launch of GitLab Duo Pro add-on for $19 per user per month, available to all GitLab deployment options including SaaS, self-managed, and Dedicated in February 2024. The add-on combines Code Suggestions and organizational controls in a single application with a privacy- and transparency-first approach to improve team collaboration and reduce security and compliance risks of AI adoption. It features AI-powered code completion, code generation, and per user assignment controls. According to the Omdia Market Radar, GitLab places an emphasis on respecting user privacy and transparency in AI technology selection.
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GitLab Reports Third Quarter Fiscal Year 2024 Financial Results

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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.
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FAQ

What is the current stock price of GitLab (GTLB)?

The current stock price of GitLab (GTLB) is $59.83 as of December 20, 2024.

What is the market cap of GitLab (GTLB)?

The market cap of GitLab (GTLB) is approximately 9.0B.

What does GitLab Inc. do?

GitLab Inc. provides a comprehensive DevSecOps platform that enables developers to collaboratively create, manage, and secure codebases.

What is GitLab Duo Enterprise?

GitLab Duo Enterprise is an AI-powered add-on that enhances security, streamlines workflows, and fosters team collaboration across the entire software development lifecycle.

How does GitLab's platform differ from competitors?

Unlike other DevOps solutions that require multiple tools, GitLab consolidates everything into a single platform with one codebase and a unified interface.

What are the financial highlights for GitLab?

Despite a $4 million headwind in fiscal year 2025 revenue guidance, GitLab has adjusted its forecasts to meet expectations and continues to show resilience and growth.

Where is GitLab headquartered?

GitLab is headquartered in the United States and has operations in Europe and Asia Pacific.

What kind of models does GitLab offer?

GitLab offers both self-managed and software-as-a-service (SaaS) models.

How many users does GitLab have?

GitLab has over 30 million registered users.

Which major companies use GitLab?

More than 50% of Fortune 100 companies rely on GitLab's platform.

What is the company’s approach to transparency?

GitLab is committed to transparency, as evidenced by its publicly available company Handbook and frequent updates on financial metrics and operational strategies.

What recent innovations has GitLab announced?

GitLab recently announced GitLab Duo Enterprise and a new CI/CD catalog to improve efficiency and standardize workflows.

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GitLab Inc.

Nasdaq:GTLB

GTLB Rankings

#910 Ranked by Market Cap
N/A Ranked by Dividends

GTLB Stock Data

9.03B
136.09M
3.75%
82.85%
3.05%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO