GitLab: Four Reasons To Buy
GTLBGitlab (GTLB) Seeking Alpha·2024-05-09 14:51

Olemedia Since its October 2021 IPO, GitLab (NASDAQ:GTLB), the cloud-based DevOps platform that helps software developers share their code and collaborate on projects, has lost around 47.5% of its value while the S&P 500 has gone up by more than 17% during the same period. Data by YCharts One of the reasons for this underperformance is annual revenues have increased but at a slower pace since 2021, it is loss-making and has been consuming cash in operations. However, progress was made on cash flow generated ...