“`html
GitLab is experiencing increased interest in its GTLB Dedicated offering, a fully managed single-tenant version of its platform aimed at enterprises needing greater control and compliance in cloud deployments. This service becomes particularly pertinent in regulated sectors, aided by a collaboration with Amazon Web Services intended to enhance data residency and private networking.
The Zacks Consensus Estimate for GitLab’s fiscal third-quarter revenues is projected at $238 million, reflecting a year-over-year increase of 21.7%. Additionally, the estimate indicates ongoing growth, with a forecast of 1,372 customers generating over $100,000 in annual recurring revenue and a dollar-based net retention rate of 120%.
Year-to-date, GitLab’s shares have fallen 30.1%, while its forward 12-month Price/Sales ratio stands at 6.64, slightly above the sector average of 6.55.
“`
