GitLab Stock Drops on Conservative Guidance. Here's Why This Pullback Looks Like a Buying Opportunity.

Share prices of GitLab (NASDAQ: GTLB) slid after the company issued conservative guidance and announced its chief financial officer (CFO) was leaving. The stock now trades down about 20% on the year.However, the sell-off looks overdone, as the company issued conservative revenue guidance with its fiscal Q1 report only to crush its fiscal Q2 revenue forecast. Meanwhile, companies typically issue very beatable guidance when a new CFO is set to come in, as they want to make them look good.Let's take a closer look at GitLab's recent results and future prospects.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool