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Why GitLab Stock Was Tumbling Today

TheMotleyFool

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Why GitLab Stock Was Tumbling Today: https://g.foolcdn.com/editorial/images/768097/globe-cloud-software-network.jpg

Shares of GitLab (NASDAQ: GTLB) were falling today after the cloud software company posted solid results in its fourth-quarter earnings report, but issued disappointing guidance, which can be a kiss of death for a high-priced stock like the DevOps specialist.

As a result, shares were down 18.8% as of 11:08 a.m. ET.

Image source: Getty Images.

Source Fool.com

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