Sumo Logic, Inc. (SUMO)

May 12, 2023 - SUMO was delisted (reason: acquired by Francisco Partners)
12.04
0.00 (0.00%)
Last trade price
Market Cap 1.49B
Revenue (ttm) 300.67M
Net Income (ttm) -124.82M
Shares Out 124.09M
EPS (ttm) -1.06
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,262,677
Open 12.04
Previous Close 12.04
Day's Range 12.04 - 12.05
52-Week Range 6.43 - 12.60
Beta 1.30
Analysts Hold
Price Target 11.00 (-8.64%)
Earnings Date May 25, 2023

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]

Sector Technology
IPO Date Sep 17, 2020
Employees 983
Stock Exchange NASDAQ
Ticker Symbol SUMO
Full Company Profile

Financial Performance

In 2023, Sumo Logic's revenue was $300.67 million, an increase of 24.18% compared to the previous year's $242.13 million. Losses were -$124.82 million, 1.18% more than in 2022.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for SUMO stock is "Hold." The 12-month stock price forecast is $11.0, which is a decrease of -8.64% from the latest price.

Price Target
$11.0
(-8.64% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Sumo Logic Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Information and Event Management (SIEM)

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Sumo Logic, the leading SaaS Log Analytics Platform, today announced its position in the Challengers' Quadrant of the Gartner 2024 Magic Quadrant for Security In...

9 days ago - Business Wire

Sumo Logic Unveils New Innovations to Align and Fuel DevSecOps

SAN FRANCISCO--(BUSINESS WIRE)--RSA Conference – Sumo Logic, the leading SaaS Log Analytics Platform, today announced new AI and security analytics capabilities that allow security and development tea...

16 days ago - Business Wire

Criminal IP Collaborates with Sumo Logic for Enriching Threat Intelligence Data

Torrance, California--(Newsfile Corp. - April 22, 2024) - Criminal IP, a distinguished Cyber Threat Intelligence (CTI) search engine created by AI SPERA, has recently collaborated with Sumo Logic, a l...

4 weeks ago - Newsfile Corp

Sumo Logic Reinvents the Economic Model for Log Management in an AI World

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Sumo Logic, the leading SaaS Log Analytics Platform, today announced Sumo Logic Flex Licensing, a first-of-its-kind log analytics pricing plan that uniquely offe...

2 months ago - Business Wire

Sumo Logic Launches Fully Unified Data Collection for all Logs, Metrics, and Traces on Kubernetes Infrastructure Monitoring

CHICAGO--(BUSINESS WIRE)--KubeCon + CloudNativeCon North America 2023 – Sumo Logic, the SaaS Log Analytics Platform to enable reliable and secure cloud-native applications, today announced the availab...

7 months ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sumo Logic, Inc. - SUMO

NEW YORK , Sept. 21, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Sumo Logic, Inc. ("Sumo Logic" or the "Company") (NASDAQ: SUMO).

8 months ago - PRNewsWire

Calling All Sumo Logic, Inc. (SUMO) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit!

NEW YORK--(BUSINESS WIRE)---- $SUMO #classaction--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Sumo Logic...

9 months ago - Business Wire

Sumo Logic Provides Cloud-Native Log Analytics for Samsung Electronics Bixby Virtual AI Assistant

SEOUL, South Korea, May 30, 2023 (GLOBE NEWSWIRE) -- Sumo Logic, the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced it is delivering advanced log anal...

1 year ago - GlobeNewsWire

Sumo Logic Names Joe Kim as President and Chief Executive Officer

Seasoned Product and Technology Executive Joins Sumo Logic to Drive Innovation and Customer Focus Seasoned Product and Technology Executive Joins Sumo Logic to Drive Innovation and Customer Focus

1 year ago - GlobeNewsWire

Francisco Partners Completes Acquisition of Sumo Logic

REDWOOD CITY, Calif., May 12, 2023 (GLOBE NEWSWIRE) -- Sumo Logic, the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that Francisco Partners, a leadi...

1 year ago - GlobeNewsWire

Sumo Logic to Scale SecOps for Modern Enterprises with Wave of New Innovations Built on Leading Log Analytics Platform

SAN FRANCISCO, April 25, 2023 (GLOBE NEWSWIRE) -- RSA Conference -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced seve...

1 year ago - GlobeNewsWire

Sumo Logic Helps Control the Chaos by Enhancing Predictive Analytics for Observability

Predicts variable cloud resource needs during production and managing the reliability of digital services Predicts variable cloud resource needs during production and managing the reliability of digit...

1 year ago - GlobeNewsWire

Sumo Logic Marks Milestone in OpenTelemetry Posture Removing Complexity in Collection for Faster Time to Insights

Reinforces commitment to OpenTelemetry strategy, removes complexity in collection and normalization across data types for OTel native experiences Reinforces commitment to OpenTelemetry strategy, remov...

1 year ago - GlobeNewsWire

SUMO LOGIC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sumo Logic, Inc. - SUMO

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sumo Logic, Inc....

1 year ago - Business Wire

Sumo Logic Takes on RSA Conference 2023 with the Latest in Reliability and Security for the World's Digital Businesses

REDWOOD CITY, Calif., March 30, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced its activities ...

1 year ago - GlobeNewsWire

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Sumo Logic, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $SUMO #SUMO--The Schall Law Firm Announces it is Investigating Claims Against Sumo Logic, Inc.

1 year ago - Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Sumo Logic, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $SUMO #SUMO--The Schall Law Firm Announces it is Investigating Claims Against Sumo Logic, Inc.

1 year ago - Business Wire

Sumo Logic Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Fourth quarter revenue grew 19% year over year to $79.8 million Full year fiscal 2023 revenue grew 24% year over year to $300.7 million Full year fiscal 2023 ARR grew 17% year over year to $301.6 mill...

1 year ago - GlobeNewsWire

STOCKHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Sumo Logic, Inc. - SUMO

NEW YORK , Feb. 13, 2023 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm ra...

1 year ago - PRNewsWire

SHAREHOLDER ALERT: Weiss Law Investigates Sumo Logic, Inc.

NEW YORK , Feb. 9, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Sumo Logic, Inc. ("Sumo" or the "Company...

1 year ago - PRNewsWire

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sumo Logic, Inc. Buyout

Wilmington, Delaware--(Newsfile Corp. - February 9, 2023) - Rigrodsky Law, P.A. is investigating Sumo Logic, Inc. ("Sumo") (NASDAQ: SUMO) regarding possible breaches of fiduciary duties and other viol...

1 year ago - Newsfile Corp

Shareholder Alert: Ademi LLP investigates whether Sumo Logic Inc. has obtained a Fair Price in its transaction with Francisco Partners

MILWAUKEE , Feb. 9, 2023 /PRNewswire/ -- Ademi LLP is investigating Sumo Logic (NASDAQ: SUMO) for possible breaches of fiduciary duty and other violations of law in its transaction with Francisco Part...

1 year ago - PRNewsWire

SUMO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sumo Logic, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sumo Logic, Inc. (NASDAQ: SUMO) to affiliates of Francisco Partners for $12.05 per share ...

1 year ago - Business Wire

Sumo Logic confirms buyout deal, but stock falls as bid was below previous session's close

Shares of Sumo Logic Inc. SUMO, -2.55% slumped 2.4% in morning trading Thursday, after the data analytics software company confirmed it was being acquired by investment firm Francisco Partners, but at...

1 year ago - Market Watch

Sumo Logic to be Acquired by Francisco Partners for $1.7 Billion

REDWOOD CITY, Calif., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it has ente...

1 year ago - GlobeNewsWire