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Gitlab (GTLB) Moves 12.3% Higher: Will This Strength Last?
Gitlab Gitlab (US:GTLB) ZACKSยท2025-01-29 16:30

Company Overview - GitLab Inc. (GTLB) shares increased by 12.3% to close at $72.75, with a notable trading volume compared to normal sessions, and a total gain of 14.7% over the past four weeks [1] - The company is experiencing growth due to an expanding clientele and strong adoption of its AI-powered DevSecOps platform [1] Earnings Expectations - GitLab is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year increase of 53.3% [2] - Revenue projections stand at $205.64 million, which is a 25.6% increase from the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for GitLab has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - GitLab holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Comparison - GitLab is part of the Zacks Internet - Software industry, where another company, Zoom Communications (ZM), saw an 8.1% increase in its stock price, closing at $88.64 [3] - Zoom's consensus EPS estimate has also remained unchanged at $1.31, representing a 7.8% decrease from the previous year [4]