Gitlab (GTLB) Hits Low After Earnings

Gitlab (GTLB) drops after earnings. George Tsilis joins Alex Coffey and Jenny Horne to discuss GTLB. They talk about GTLB's disappointing revenue outlook, as revenue came in at $122.91M versus an estimated $119.67M. They also go over how GTLB's rating was lowered at MoffettNathanson to outperform. Piper Sandler has an overweight rating while Goldman Sachs and Truist Securities both have a buy. They note that GTLB made a new lifetime low made in the March 14th premarket. Tune in to find out more about the stock market today.