GitLab
stock plunged close to 30% early Tuesday after the DevOps software issued a weaker-than-expected revenue forecast.
The company (ticker: GLTB) said it expects fiscal year 2024 revenue of $529 million to $533 million, falling short of the Wall Street consensus of $563 million, according to FactSet data. First-quarter revenue guidance also fell below expectations.
Source: https://www.barrons.com/articles/gitlab-stock-analyst-outlook-prices-fbe54891?siteid=yhoof2&yptr=yahoo