
$BRM.V reported a strong performance in its Q2 2024 results, with revenue reaching $7.3 million, representing a 77% increase year-over-year and a 23% rise from the previous quarter. Year-to-date revenue stands at $13.2 million, compared to $7.4 million during the same period in 2023. Meanwhile, Baird has initiated coverage on GitLab ($GTLB) with an 'Outperform' rating and a price target of $59. Analysts noted that GitLab's AI-powered DevSecOps platform and advanced security features position it favorably to capture market share amid rising demand for secure solutions. GitLab is set to report its second-quarter results on September 3, 2024, with expectations of elevated churn in go-to-market teams but constructive feedback from enterprise partners regarding demand, particularly in security. Additionally, Cowen anticipates modest upside for BRZE's second-quarter results, forecasting a 23% total revenue growth and a slight beat to its fiscal year 2025 guidance, with the company executing well despite a mixed macroeconomic environment. BRZE will report its second-quarter results on September 5, 2024.
$BRZE Cowen 2Q Preview: Expecting Modest Upside to Guide, Constructive on LT Growth Algo - BRZE reports 2Q on 9/5. We model 23% total rev growth and expect a slight beat & modest lift to FY25 guide. BRZE has been executing well against a mixed macro env't, and we expect more of…
'AI orchestrator' GitLab's stock earns a new bull on Wall Street https://t.co/FiAR1mnQWk https://t.co/KeTk1Lcnuf
$GTLB Cowen GTLB reports 2Q on 9/3. Our checks revealed elevated churn in GTM teams, but convos w/ enterprise partners remained mostly constructive on demand, especially in Security. We're encouraged GTLB recently reiterated guide, but we think beat & raise motions may come in…