Why Gitlab Stock Rallied This Week
Gitlab (GTLB) The Motley Fool·2024-09-07 02:14
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 ...