STOCK TITAN

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.

Rhea-AI Summary

GitLab Appoints Mark Porter to Board

GitLab has announced the appointment of Mark Porter, former CTO of MongoDB, as a new independent director on its Board. With extensive experience in databases from companies like Grab, AWS, and Oracle, Porter will enhance GitLab's product strategy, particularly in DevSecOps, MLOps, and DataOps. His insights are expected to support GitLab's mission to streamline software development. Additionally, GitLab recently introduced four major product solutions, including a single-tenant SaaS and a collaboration with Google Cloud.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
management
-
Rhea-AI Summary

GitLab Inc. (NASDAQ: GTLB) reported a strong third quarter for fiscal year 2023, achieving $113.0 million in revenue, a 69% year-over-year increase. Despite a GAAP net loss per share of $(0.33), the company demonstrated improving margins with a non-GAAP loss of $(0.10), a significant improvement from the previous year. Key metrics included a dollar-based net retention rate exceeding 130% and a growth in high-value customers, indicating robust demand for its DevSecOps platform. GitLab also provided positive guidance for the next quarter, expecting revenues between $119.0 - $120.0 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.44%
Tags
-
Rhea-AI Summary

GitLab has announced that Brian Robins, Chief Financial Officer, will present at the UBS Global TMT Conference on December 7, 2022, at 10:50 am ET. The presentation will be a fireside chat and can be accessed via a live webcast. This event highlights GitLab’s commitment to transparency and engagement with investors.

GitLab is recognized as the DevSecOps platform for software innovation, offering unified tools for development, security, and operations in a cloud-agnostic environment. Webcast replays will be available on GitLab's investor relations site.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.57%
Tags
conferences
Rhea-AI Summary

GitLab Inc. has announced the limited availability of GitLab Dedicated, a new single-tenant SaaS solution designed to enhance operational efficiency and security for enterprises. This offering addresses complex compliance needs with a focus on data residency and private networking, catering to regulated industries like government and finance. GitLab Dedicated enables organizations to utilize GitLab’s DevSecOps platform with reduced infrastructure management overhead, promising shorter cycle times, lower costs, and improved security. The solution supports evolving global data protection policies while ensuring compliance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
Tags
none
-
Rhea-AI Summary

GitLab Inc (NASDAQ: GTLB) will have its CEO and Co-Founder, Sid Sijbrandij, present at GitLab Connect Japan 2022. The keynote is scheduled for November 29, 2022, at 9:00 am Japan Standard Time, and will be available for viewing until 9:00 am Japan Standard Time on November 30, 2022. The event aims to showcase GitLab as a leading DevSecOps platform, emphasizing its cloud-agnostic features and comprehensive capabilities in software innovation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.94%
Tags
conferences
-
Rhea-AI Summary

GitLab Inc. (NASDAQ: GTLB) is set to announce its financial results for Q3 FY2023, concluding October 31, 2022, on December 5, 2022, post-market close. The results will be discussed during a Zoom video conference starting at 4:30 p.m. EST. Investors can register for the call via GitLab's Investor Relations website. GitLab continues to position itself as a comprehensive DevSecOps platform, integrating various functionalities into a unified interface aimed at enhancing software innovation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.31%
Tags
Rhea-AI Summary

GitLab Inc announced enhancements to its Security and Governance solution during KubeCon + CloudNativeCon North America on October 25, 2022. These updates help organizations integrate security into the software development lifecycle, aiming to meet increasing regulatory demands. The 2022 Global DevSecOps Survey noted a significant shift towards prioritizing security, with 57% of security professionals focusing on proactive measures. Key features include enhanced vulnerability management, security policy management, and upcoming capabilities for supply chain integrity, aimed at reducing security risks while maintaining development speed.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.62%
Tags
none
-
Rhea-AI Summary

GitLab Inc. has launched Cloud Seed in collaboration with Google Cloud to enhance cloud adoption and app modernization. Announced during Google Cloud Next on October 11, 2022, Cloud Seed streamlines the developer experience by integrating cloud services into GitLab's platform. It aims to facilitate quicker cloud migration while optimizing operational efficiency for users. This initiative aligns with GitLab’s mission to support cloud transformation, helping organizations scale effectively.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
Tags
none
-
Rhea-AI Summary

GitLab Inc. (NASDAQ: GTLB) has launched TeamOps, a new management discipline aimed at enhancing teamwork across various work environments. This certification highlights the importance of objective decision-making and shared knowledge. It focuses on empowering all team members to contribute to business outcomes, optimizing knowledge retrieval, and speeding up decision-making processes. GitLab's certification is free and open to the public, reflecting its mission to foster collaborative and efficient work practices.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
none
Rhea-AI Summary

GitLab announced that Brian Robins, the Chief Financial Officer, will present at the Piper Sandler Growth Frontiers Conference on September 13, 2022. The presentation is scheduled for 1:30 PM Central Time and will be available for live webcast. The event aims to spotlight GitLab's position as The One DevOps Platform, showcasing its comprehensive integration of DevOps capabilities. A replay of the fireside chat will be accessible via the investor relations section of GitLab's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.26%
Tags
conferences

FAQ

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

The current stock price of GitLab (GTLB) is $66.62 as of November 22, 2024.

What is the market cap of GitLab (GTLB)?

The market cap of GitLab (GTLB) is approximately 10.6B.

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

10.58B
131.39M
3.76%
82.71%
2.8%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO