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Down 68%, This Hypergrowth Software Stock Looks Ready for a Comeback

Down 68%, This Hypergrowth Software Stock Looks Ready for a Comeback

The provider of a cloud-based DevOps platform just posted 69% revenue growth to $113 million in its third-quarter earnings report, beating analyst estimates at $106 million. While the company is still operating at a loss, its margins are improving, and its adjusted loss per share of $0.10 topped the consensus at $0.15. Beyond the third-quarter numbers, there are a number of reasons why GitLab looks to have a bright future ahead.