GitLab Stock Under Pressure – the Outlook Disappoints Despite the Strong Quarter

Cautious outlook overshadows good numbers GitLab's stock fell significantly on Tuesday after market close. The reason: The company's outlook for the coming months was weaker than many investors had hoped for. GitLab develops a software platform that allows companies to plan, write, test, and publish their entire software development in one place. Although business has been strong lately, the cautious tone in the forecast was enough to dampen the mood. Solid quarter with strong cash flow In the last quarter, GitLab was able to deliver operationally....