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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.

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GitLab's CFO to present at Piper Sandler Growth Frontiers Conference on September 12th
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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.
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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.
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GitLab CEO to present at Goldman Sachs conference
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GitLab recognized as DevOps, Application Development leader
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FAQ

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

The current stock price of GitLab (GTLB) is $64.8 as of November 21, 2024.

What is the market cap of GitLab (GTLB)?

The market cap of GitLab (GTLB) is approximately 10.5B.

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.

GitLab Inc.

Nasdaq:GTLB

GTLB Rankings

GTLB Stock Data

10.49B
131.39M
3.76%
82.71%
2.8%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO