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☆ Cramer's Lightning Round: Palo Alto Networks is a buy
▼ + stars: | 2024-04-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon GitLab's year-to-date stock performance. Stock Chart Icon Stock chart icon Snap's year-to-date stock performance. Stock Chart Icon Stock chart icon Blackstone's year-to-date stock performance. Stock Chart Icon Stock chart icon Rocket Companies' year-to-date stock performance. Stock Chart Icon Stock chart icon Palo Alto Networks' year-to-date stock performance.

Persons: Snapchat, Blackstone, I'm, Jim Cramer's Organizations: Companies, Rocket, Palo Alto Networks

☆ Jim Cramer says 'you really want to buy' shares of this chipmaker on more weakness
▼ + stars: | 2024-03-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "Target's inventories were very low," Jim Cramer said. "If this stock comes in, you really want to buy it," Cramer said. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Nvidia, the leading maker of AI chips. AeroVironment : Shares surged 28% after the maker of drones reported earnings per share that nearly double estimates and issued a strong forecast.

Persons: Jim Cramer's, Jim Cramer, That's, I've, Cramer, Tesla, They're Organizations: CNBC, Club, Bloomberg News, AMD, Biden, Cramer's Charitable Trust, Nvidia Locations: Cramer's, China

☆ People say they use recordings of random company Zoom meetings they found on YouTube to pretend they're busy at work
▼ + stars: | 2024-02-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Some people say they use recordings of random Zoom meetings they found on YouTube to look busy. "This meeting has been of more use to me than any other meeting at work," read one YouTube comment. AdvertisementPeople trying to dodge work and avoid small talk have been turning to an unlikely tool — pretending to be in a meeting by playing Zoom recordings they found on YouTube. In 2020 and 2021, organizations like the software company GitLab and the City of Santa Fe uploaded videos of their Zoom meetings on YouTube. Students are also using Zoom recordings of online classes to escape their parents.

Persons: —, could've, It's, Patrick Eagan Organizations: YouTube, Service, City of, BI, Santa Fe, Thomas More College Locations: City, City of Santa Fe, Santa

☆ GitLab shares soar as developer-tools company posts first adjusted operating profit
▼ + stars: | 2023-12-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

GitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street. Here's how the company did, compared with consensus of estimates among analysts polled by LSEG, formerly known as Refinitiv:Earnings: 9 cents per share, adjusted, vs. loss of 1 cent per share expected. 9 cents per share, adjusted, vs. loss of 1 cent per share expected. Revenue: $149.7 million, vs. $141.5 million expected. Excluding the after-hours move, GitLab stock is up 16% so far this year, while the S&P 500 stock index has gained 19% over the same period.

Persons: Wall, GitLab, Brian Robins, Sid Sijbrandij, GitLab's, Robins, Sijbrandij, LSEG Organizations: LSEG, Revenue, Microsoft, Amazon Web Services, AWS

☆ Bernstein says this software development firm can grow sales by eight times current levels
▼ + stars: | 2023-09-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GitLab could be a winner in the evergreen software space, according to Bernstein. The firm initiated coverage of GitLab stock with an outperform rating as well as a $62 per share price target. According to the analyst, GitLab operates in a duopoly with Microsoft-owned GitHub, with both companies sharing roughly 70% and increasing market share of cloud development Gits, or code repositories. "GitLab's opening is to become the "Switzerland" platform for CI/CD development pipelines — a durable and large market position," Weed said. Still, the firm noted market constraints on Gitlab's pricing power and product expansion options, noting competition from GitHub, Australian software firm Atlassian and potentially Datadog.

Persons: Bernstein, Peter Weed, GitLab, Weed, — CNBC's Michael Bloom Organizations: Microsoft Locations: Switzerland, GitHub

☆ Ukrainian-founded Duolingo rival Preply banks $70 million to push into A.I.
▼ + stars: | 2023-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Preply, a language learning platform connecting people with tutors, raised $70 million of fresh capital to ramp up its use of artificial intelligence, the company told CNBC exclusively. The equity portion was led by Horizon Capital, a venture capital firm focused on investing in emerging entrepreneurs, particularly Ukrainians. The funding adds to a $50 million Series C funding round Preply raised last year, and takes its total funding raised to over $170 million. It comes as Duolingo, a competitor to Preply, has been incorporating OpenAI's GPT language processing software to enhance its app's personalization to users. Horizon Capital raised $125 million for a startup fund aimed at backing Ukrainian founders.

Persons: Kirill Bigai, Dmytro Voloshyn, Serge Lukianov, Preply, Preply's, Max Lytvyn, Alex Shevchenko, Dmitriy Zaporozhets Organizations: CNBC, Horizon Capital, Reach Capital, Hoxton Ventures, Bain, Horizon, Google, Samsung, Amazon Locations: Ukraine, U.S, GroupM, Ukrainian, Preply, Russia, Moscow

[1/2] GitLab Inc logo and words 'Artificial Intelligence' are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/IllustrationNEW YORK, June 6 (Reuters) - Shares of GitLab Inc (GTLB.O) jumped more than 35% on Tuesday after the software development platform announced plans to launch a revenue-boosting artificial intelligence (AI)-powered product. The product is expected to be launched this year at $9 per month, GitLab said late Monday. GitLab said on Monday its first-quarter revenue jumped 45% to $126.9 million, beating the Refinitiv consensus estimate and the company's earlier forecasts. Eighteen analysts on average recommended buying GitLab shares, and set a median price target of $53.50, according to Refinitiv.

Persons: Dado Ruvic, GitLab, Koji Ikeda, Chibuike Oguh, Lance Tupper, Richard Chang Organizations: Intelligence, REUTERS, GitLab Inc, " Bank of America, Thomson Locations: New York

☆ GitLab shares rocket 31% as software vendor boosts forecast, announces generative A.I. plans
▼ + stars: | 2023-06-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

GitLab shares rose 31% on Tuesday, after the provider of code-deployment software reported a narrower loss than analysts expected and bumped up its full-year forecast. GitLab said that revenue in the quarter ended April 30 jumped 45% to $126.9 million from $87.4 million a year earlier. The company had an adjusted loss of 6 cents per share, according to a statement. Analysts surveyed by Refinitiv had expected sales of $117.8 million and an adjusted loss of 14 cents per share. During the quarter, GitLab raised the price of its premium tier to $29 per user per month from $19.

Persons: It's, GitLab, Refinitiv, Brian Robins, Sid Sijbrandij, Sijbrandij, Robins, Piper Sandler, Rob Owens, Ethan Weeks, Jefferies, Brent Thill Organizations: Nasdaq

☆ Ukraine looks to technology to help rebuild its economy amid Russia’s onslaught
▼ + stars: | 2022-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

An attendee passes by the Ukraine stand at the Web Summit 2022 tech conference in Lisbon, Portugal. Ukraine had a notable presence at Web Summit, where it sought support from the global tech community to bolster its fight against Russia. In 2021, Ukraine had a small booth at Web Summit, Krasovsky said. Ukraine Vice Prime Minister Mykhailo Fedorov (right) and First Lady Olena Zelenska (center) attend the Ukraine booth at Web Summit 2022. SID Venture Partners, a venture fund set up by Sigma and fellow Ukrainian tech firms Ideasoft and Datrics, has so far invested in 10 startups with Ukrainian founders, Krasovsky said.

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