Investors might want to bet on GitLab Inc. (GTLB) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...

NEW YORK, Sept. 9, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB). Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=100736&from=4 CLASS PERIOD: June 6, 2023 to March 4, 2024 ...

Core Viewpoint - A class action lawsuit has been filed against GitLab Inc. for alleged violations of federal securities laws, claiming that the company misled investors regarding its AI development capabilities and financial outlook [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks damages for all individuals and entities that purchased GitLab securities between June 6, 2023, and March 4, 2024, known as the "Class Period" [2]. - The Complaint alleges that GitLab's executives made overly positive statements while concealing material adverse facts about the company's ability to develop AI features and its DevSecOps platform [3]. - On March 4, 2024, GitLab reported a strong Q1 2024 but subsequently lowered its full-year guidance for 2025, indicating a need for more time to build its pipeline and close deals on new products [3]. Group 2: Financial Implications - GitLab provided guidance for Q1 2025 with anticipated non-GAAP operating losses of $12-$13 million and projected non-GAAP revenue of $5-$10 million for the full year of 2025 [3]. - The growth rates for first quarter 2025 and full year 2025 were estimated to be between 30% and 31% and 27%, respectively [3]. - Following the announcement of lowered guidance, GitLab's stock price experienced a decline, negatively impacting investors [3]. Group 3: Next Steps for Investors - Investors who suffered losses in GitLab have until November 4, 2024, to request to be appointed as lead plaintiff in the class action [4]. - The law firm representing the class action operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5].

NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against GitLab Inc. ("GitLab" or the "Company") (NASDAQ: GTLB) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired GitLab securities between June 6, 2023 and March 4, 2024, both dates inclusive (the "Class Period"). Investors have unt ...

An earnings beat and raised guidance helped Gitlab outperform a tough week for tech. Shares of software development platform Gitlab (GTLB -5.02%) rallied 17.8% for the week through Thursday trading, according to data from S&P Global Market Intelligence. The stock was down in Friday trading. Gitlab's software development platform is catching on big in the age of AI, which was reflected in its secondquarter results reported on Tuesday. A beat and raise across the board In its second quarter, Gitlab grew reven ...

MF3d/E+ via Getty Images Gitl.ab, Inc. (NASDAQ:GTLB) was a clear Al winner and the company responded with fantastic results. The DevSecOps leader is a clear beneficiary of Al boosting software development, leading to strong results, while other enterprise software companies struggle with the transition. My investment thesis remains Neutral on the stock following the big rally after the strong earnings report. finviz Fi GTLB DAILY Sep 6 0 55.75 H 56.03 SMA 2 SMA 50 SMA 200 t 国 E =1- Inteltab allibia Dis 2024 ...

LOS ANGELES, Sept. 6, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against GitLab Inc. ("GitLab" or "the Company") (NASDAQ: GTLB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between June 6, 2023 and March 4, 2024, inclusive (the "Class Period"), are encourag ...

NEW YORK, Sept. 6, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in GitLab Inc. ("GitLab" or the "Company") (NASDAQ: GTLB) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of GitLab investors who were adversely affected by alleged securities fraud between June 6, 2023 and March 4, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/gitlab-lawsuit-submission-form?prid=100414& ...

Core Viewpoint - A class action lawsuit has been filed against GitLab Inc. for allegedly misleading investors about the demand for its AI-driven software solutions during the specified period [1][2]. Allegations - The complaint claims that GitLab misrepresented its ability to develop AI technologies that would enhance software development efficiency and market demand, while in reality, there was weak demand for these features [2]. - The company faced increasing expenses related to its joint venture in China and its annual summit, contradicting the positive narrative presented to investors [2]. Stock Performance - Following GitLab's press release on March 4, 2024, which reported strong Q1 2024 results but also provided lower than expected guidance for 2025, the stock price fell from $74.47 to $58.84, a decline of approximately 21% [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their applications by November 4, 2024, although participation is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception [6].

SAN FRANCISCO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it was named a Leader in the 2024 Gartner Magic Quadrant for DevOps Platforms1. The Magic Quadrant, which evaluated 11 vendors, recognized GitLab as a Leader based on "Completeness of Vision" and "Ability to Execute." GitLab is the only vendor to be named a Leader in both the 2024 Gartner Magic Quadrant for DevOps Platforms and the 2024 Gartner Magic Quadrant for ...