GitLab Is Starting to Prove the Bears Wrong
GitLab's underlying metrics indicate that its growth is ready to reaccelerate.
Overview
After turning in another solid quarter, GitLab (NASDAQ: GTLB) is starting to prove the bear case wrong, and its stock is finally beginning to reflect that, with its shares climbing on its latest report.
The DevSecOps (development, security, and operations) company not only reported results that topped expectations and issued upbeat guidance, but its new annual recurring revenue (ARR) also grew at its fastest pace in several years. This is an indication that its core growth trajectory is reaccelerating.
Details
Let's dig into the company's results and prospects to see why I think this growth stock remains a buy.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.