Is Now the Time to Buy Beaten-Up GitLab?
It's been a tough year for GitLab's (NASDAQ: GTLB) stock, and it didn't get any better following the company's fourth-quarter earnings report after the DevSecOps (development, security, and operations) platform operator issued conservative guidance. With the stock down about 60% over the past year, as of this writing, is now the time to scoop up shares, or should investors cut bait?
Let's take a closer look at its results and prospects to find out.
Investors have pegged GitLab as a potential artificial intelligence (AI) loser despite consistent solid revenue growth, so when the company issued conservative guidance, its shares took a hit following its earnings announcement.
Source Fool.com
