GitLab Stock Plunges 11.77% on Weak Revenue Outlook
Before the BellWednesday, Jun 11, 2025 4:33 am ET
1min readOn June 11, 2025, GitLab's stock price plummeted by 11.77% in pre-market trading, marking a significant decline for the company.
GitLab's shares experienced a sharp drop following the release of its first-quarter earnings report. Despite exceeding earnings per share (EPS) estimates by 2 cents, the company's revenue outlook for the year was weaker than anticipated, leading to a 12.6% decline in after-hours trading.
Analysts have revised their estimates for
, predicting a 22% annualized revenue decline by the end of 2025. This pessimistic outlook has contributed to the recent sell-off in the company's stock.GitLab's strategic moves, including its focus on AI adoption, have been highlighted as potential drivers for future growth. The company has outlined a revenue target of $936 million to $942 million for fiscal year 2026, aiming to capitalize on the accelerating adoption of AI technologies.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet