Sumo Logic, Inc. (SUMO)

NASDAQ: SUMO · IEX Real-Time Price · USD
8.56
+0.01 (0.12%)
Aug 18, 2022 4:00 PM EDT - Market closed
0.12%
Market Cap 990.67M
Revenue (ttm) 255.76M
Net Income (ttm) -131.20M
Shares Out 115.73M
EPS (ttm) -1.18
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 570,758
Open 8.48
Previous Close 8.55
Day's Range 8.37 - 8.66
52-Week Range 6.57 - 22.16
Beta n/a
Analysts Buy
Price Target 12.07 (+41.0%)
Earnings Date Aug 25, 2022

About SUMO

Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. It offers Continuous Intelligence Platform, a cloud-native, multi-tenant, and secure service that leverages to enable reliability and security of cloud applications and workloads. The company also provides observability solution, an out-of-the-box solution for managing their application reliability for cloud applicatio... [Read more...]

Industry Software
IPO Date Sep 17, 2020
Employees 943
Stock Exchange NASDAQ
Ticker Symbol SUMO
Full Company Profile

Financial Performance

In 2021, Sumo Logic's revenue was $242.13 million, an increase of 19.49% compared to the previous year's $202.64 million. Losses were -$123.37 million, 53.6% more than in 2020.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for SUMO stock is "Buy." The 12-month stock price forecast is 12.07, which is an increase of 41.00% from the latest price.

Price Target
$12.07
(41.00% upside)
Analyst Consensus: Buy
Stock Forecasts

News

New Survey Elevates Site Reliability Engineering (SRE) as the Force Multiplier for Digital Experiences

Insights from the Global SRE Pulse 2022 showcase the growing dependence on SRE to deliver reliable and secure digital experiences by harnessing new processes and cloud-native tools Insights from the Glo...

Sumo Logic to Host in-Person and Virtual Investor Day on September 20

REDWOOD CITY, Calif., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it will host ...

Sumo Logic Announces Date of Second Quarter Fiscal 2023 Earnings Conference Call

REDWOOD CITY, Calif., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it will repor...

Sumo Logic Achieves AWS Security Competency Status for Cloud SIEM and SOAR Solutions

Recognition demonstrates commitment to providing award-winning protection against security threats Recognition demonstrates commitment to providing award-winning protection against security threats

Developers: Sumo Logic Delivers 3-Step Onboarding for Kubernetes Observability

REDWOOD CITY, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today unveiled a new process to de...

Sumo Logic Opens Registration and Call for Papers for Illuminate 2022

Sixth Annual User and Community Conference Unites Practitioners to Share Best Practices for Delivering Reliable and Secure Cloud-Native Applications and Digital Experiences Sixth Annual User and Communi...

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Wall Street Analysts Think Sumo Logic, Inc. (SUMO) Could Surge 82%: Read This Before Placing a Bet

The average of price targets set by Wall Street analysts indicates a potential upside of 82.1% in Sumo Logic, Inc. (SUMO). While the effectiveness of this highly sought-after metric is questionable, the...

Sumo Logic Named a Challenger in the Gartner® Magic Quadrant™ for Application Performance Monitoring and Observability

REDWOOD CITY, Calif., June 16, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced it has been includ...

Sumo Logic Innovation Recognized with Industry Accolades at RSA Conference 2022

Cloud Security Monitoring and Cloud SOAR take top Honors in Global InfoSec Awards Cloud Security Monitoring and Cloud SOAR take top Honors in Global InfoSec Awards

Can Sumo Logic, Inc. (SUMO) Climb 78% to Reach the Level Wall Street Analysts Expect?

The mean of analysts' price targets for Sumo Logic, Inc. (SUMO) points to a 78.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among a...

Sumo Logic Introduces Threat Labs Unit for Advanced Detection and Expanded Security Community Contribution

Establishes Sumo Logic Threat Labs Unit to deliver accelerated detection for modern threats at cloud scale Establishes Sumo Logic Threat Labs Unit to deliver accelerated detection for modern threats at ...

Cloud-Native Solutions Emerge as Peace Brokers to Drive Stronger Collaboration among Security and Compliance Teams

New report details the need for tool consolidation, describes impact of complexity in managing hybrid environments and expanding regulatory controls in advancing security priorities New report details t...

Top Go-To-Market Leaders Join Sumo Logic

Sumo Logic welcomes sales, channel and operations leaders to help capture large market opportunities and further deliver growth and scale Sumo Logic welcomes sales, channel and operations leaders to hel...

Sumo Logic, Inc. (SUMO) Reports Q1 Loss, Tops Revenue Estimates

Sumo Logic, Inc. (SUMO) delivered earnings and revenue surprises of 23.53% and 2.61%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Sumo Logic Announces First Quarter Fiscal 2023 Financial Results

First quarter revenue grew 25% year-over-year to $67.9 million First quarter ARR grew 27% year-over-year to $273.3 million

Sumo Logic, Inc. (SUMO) Stock Jumps 12.9%: Will It Continue to Soar?

Sumo Logic, Inc. (SUMO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price incre...

Sumo Logic Announces Date of First Quarter Fiscal 2023 Earnings Conference Call

REDWOOD CITY, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it will report...

Sumo Logic Announces Upcoming Conference Participation

REDWOOD CITY, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that members of its...

Sumo Logic Appoints John D. Harkey, Jr. to Board of Directors

REDWOOD CITY, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it has appoint...

Sumo Logic Defines Future of Agent Collection on OpenTelemetry

Open standards approach simplifies data collection across modern application stacks Open standards approach simplifies data collection across modern application stacks

Digital Gaming Experiences at Scale Run on Sumo Logic

Sumo Logic Announces Support for AWS for Games Sumo Logic Announces Support for AWS for Games

Sumo Logic, Inc. (SUMO) Reports Q4 Loss, Tops Revenue Estimates

Sumo Logic, Inc. (SUMO) delivered earnings and revenue surprises of 23.53% and 3.74%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Sumo Logic Announces Fourth Quarter and Fiscal Year 2022 Financial Results

Fourth quarter revenue grew 24% year-over-year to $67.0 million Full year fiscal 2022 revenue grew 19% year-over-year to $242.1 million

Sumo Logic Boosts Automation to Deliver Increased Collaboration, Shorter Investigation and Response Times for Modern ...

Sumo Logic Introduces War Room and App Central Capabilities to Industry-Leading Cloud SOAR Sumo Logic Introduces War Room and App Central Capabilities to Industry-Leading Cloud SOAR