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Investing.com -- Raymond James downgraded GitLab to “Market Perform” from “Outperform,” citing growing concerns over the software firm’s sweeping internal restructuring plans and weakening growth trends.
Investing.com -- Gitlab Inc (NASDAQ:GTLB) shares fell 8.2% in after-hours trading Monday following the company’s announcement of a significant workforce reduction. The software development platform disclosed the plan in an 8-K filing, labeling the shift as "GitLab Act 2" to prepare for the "agentic era" of AI-driven engineering. The company reaffirmed its first-quarter and full-year fiscal 2027 guidance, originally issued on March 3. Management expects quarterly revenue between $253 million and
GitLab Inc. recently announced a deeper integration of Anthropic's Claude AI models into its GitLab Duo Agent Platform, giving enterprises governed access to the latest Claude capabilities via Google Cloud and AWS Bedrock and adding GitLab credits to the Claude Marketplace for streamlined AI spending. This move meaningfully tightens the link between GitLab’s DevSecOps platform and leading foundation models, potentially making AI-driven governance, compliance, and toolchain consolidation more...