GitLab Stock Plunges 30%. Revenue Growth Set to Slow Despite Price Hikes.


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.