GitLab Shares Climb After Outlook Raise, Strong 3Q

Dow Jones

Dec 06, 2024

By Dean Seal

Shares of GitLab jumped after the company raised its full-year guidance amid rising demand from software developers.

The stock was up 8.2% at $71.45 in premarket trading Friday. Shares had gained about 5% year-to-date when the market closed Thursday.

The San Francisco code-hosting platform said after yesterday's closing bell that it now expects adjusted earnings of 63 cents to 64 cents a share for the year on $753 million to $754 million in revenue. That is up from previous targets for up to 47 cents a share on as much as $744 million in revenue.

The outlook includes fourth-quarter targets that were well above the consensus estimate of analysts polled by FactSet.

The lift came after revenue jumped 31% to $196 million in the third quarter, topping analyst projections for $187.9 million. Adjusted earnings of 23 cents a share beat forecasts by 7 cents.

Gitlab co-founder Sid Sijbrandij, who said Thursday he would step down as chief executive to focus on his cancer treatment, attributed the gains to strong demand for a platform approach to software development. The company tapped Bill Staples, former CEO of New Relic, to succeed Sijbrandij.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

December 06, 2024 06:52 ET (11:52 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2489328520"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2489328520\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2489328520?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-06 19:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2489328520","market":"nz","top_or_hot":-1,"title":"GitLab Shares Climb After Outlook Raise, Strong 3Q","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of GitLab jumped after the company raised its full-year guidance amid rising demand from software developers. \n</p>\n<p>\n  The stock was up 8.2% at $71.45 in premarket trading Friday. Shares had gained about 5% year-to-date when the market closed Thursday. \n</p>\n<p>\n  The San Francisco code-hosting platform said after yesterday's closing bell that it now expects adjusted earnings of 63 cents to 64 cents a share for the year on $753 million to $754 million in revenue. That is up from previous targets for up to 47 cents a share on as much as $744 million in revenue. \n</p>\n<p>\n  The outlook includes fourth-quarter targets that were well above the consensus estimate of analysts polled by FactSet. \n</p>\n<p>\n  The lift came after revenue jumped 31% to $196 million in the third quarter, topping analyst projections for $187.9 million. Adjusted earnings of 23 cents a share beat forecasts by 7 cents. \n</p>\n<p>\n  Gitlab co-founder Sid Sijbrandij, who said Thursday he would step down as chief executive to focus on his cancer treatment, attributed the gains to strong demand for a platform approach to software development. The company tapped Bill Staples, former CEO of <a href=\"https://laohu8.com/S/NEWR\">New Relic</a>, to succeed Sijbrandij. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 06:52 ET (11:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GitLab Shares Climb After Outlook Raise, Strong 3Q</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGitLab Shares Climb After Outlook Raise, Strong 3Q\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-06 19:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of GitLab jumped after the company raised its full-year guidance amid rising demand from software developers. \n</p>\n<p>\n  The stock was up 8.2% at $71.45 in premarket trading Friday. Shares had gained about 5% year-to-date when the market closed Thursday. \n</p>\n<p>\n  The San Francisco code-hosting platform said after yesterday's closing bell that it now expects adjusted earnings of 63 cents to 64 cents a share for the year on $753 million to $754 million in revenue. That is up from previous targets for up to 47 cents a share on as much as $744 million in revenue. \n</p>\n<p>\n  The outlook includes fourth-quarter targets that were well above the consensus estimate of analysts polled by FactSet. \n</p>\n<p>\n  The lift came after revenue jumped 31% to $196 million in the third quarter, topping analyst projections for $187.9 million. Adjusted earnings of 23 cents a share beat forecasts by 7 cents. \n</p>\n<p>\n  Gitlab co-founder Sid Sijbrandij, who said Thursday he would step down as chief executive to focus on his cancer treatment, attributed the gains to strong demand for a platform approach to software development. The company tapped Bill Staples, former CEO of <a href=\"https://laohu8.com/S/NEWR\">New Relic</a>, to succeed Sijbrandij. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 06:52 ET (11:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4097","symbol_name":"系统软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489328520","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489328520","pubTimestamp":1733485920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of GitLab jumped after the company raised its full-year guidance amid rising demand from software developers.The stock was up 8.2% at $71.45 in premarket trading Friday. Shares had gained about 5% year-to-date when the market closed Thursday.The San Francisco code-hosting platform said after yesterday's closing bell that it now expects adjusted earnings of 63 cents to 64 cents a share for the year on $753 million to $754 million in revenue. That is up from previous targets for up to 47 cents a share on as much as $744 million in revenue.The outlook includes fourth-quarter targets that were well above the consensus estimate of analysts polled by FactSet.The lift came after revenue jumped 31% to $196 million in the third quarter, topping analyst projections for $187.9 million. Adjusted earnings of 23 cents a share beat forecasts by 7 cents.Gitlab co-founder Sid Sijbrandij, who said Thursday he would step down as chief executive to focus on his cancer treatment, attributed the gain","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4097":"系统软件","GTLB":"GitLab, Inc.","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"GitLab股价在前景上调后攀升，第三季度表现强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GTLB":1},"content_text":"By Dean Seal \n\n\n \n\n\n  Shares of GitLab jumped after the company raised its full-year guidance amid rising demand from software developers. \n\n\n  The stock was up 8.2% at $71.45 in premarket trading Friday. Shares had gained about 5% year-to-date when the market closed Thursday. \n\n\n  The San Francisco code-hosting platform said after yesterday's closing bell that it now expects adjusted earnings of 63 cents to 64 cents a share for the year on $753 million to $754 million in revenue. That is up from previous targets for up to 47 cents a share on as much as $744 million in revenue. \n\n\n  The outlook includes fourth-quarter targets that were well above the consensus estimate of analysts polled by FactSet. \n\n\n  The lift came after revenue jumped 31% to $196 million in the third quarter, topping analyst projections for $187.9 million. Adjusted earnings of 23 cents a share beat forecasts by 7 cents. \n\n\n  Gitlab co-founder Sid Sijbrandij, who said Thursday he would step down as chief executive to focus on his cancer treatment, attributed the gains to strong demand for a platform approach to software development. The company tapped Bill Staples, former CEO of New Relic, to succeed Sijbrandij. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 06, 2024 06:52 ET (11:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}