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Sumo Logic, Inc. (SUMO)

NASDAQ: SUMO · IEX Real-Time Price · USD
17.15 -0.16 (-0.92%)
Oct 22, 2021 9:44 AM EDT - Market open
Market Cap1.89B
Revenue (ttm)219.08M
Net Income (ttm)-103.48M
Shares Out107.88M
EPS (ttm)-1.12
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume39,670
Open17.20
Previous Close17.31
Day's Range17.07 - 17.21
52-Week Range15.03 - 46.37
Betan/a
AnalystsBuy
Price Target24.57 (+43.3%)
Est. Earnings DateDec 6, 2021

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. Its platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights. The company offers a suite of solutions to address areas, such as operational intelligence, security intelligence, business intelligence, and globa...

IndustrySoftware
IPO DateSep 17, 2020
Employees759
Stock ExchangeNASDAQ
Ticker SymbolSUMO
Full Company Profile

Financial Performance

In 2020, Sumo Logic's revenue was $202.64 million, an increase of 30.69% compared to the previous year's $155.06 million. Losses were -$80.30 million, -12.85% less than in 2019.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for Sumo Logic stock is "Buy." The 12-month stock price forecast is 24.57, which is an increase of 43.27% from the latest price.

Price Target
$24.57
(43.27% upside)
Analyst Consensus: Buy

News

Sumo Logic Named a Leader in Security Orchestration, Automation, and Response

Sumo Logic Cloud SOAR Earns ‘Exceptional' Scores in Six Key Criteria for Evaluating SOAR

3 days ago - GlobeNewsWire

Sumo Logic Addresses Digital Transformation Complexity Driven By Exponential Growth of Digital Services

New DevSecOps Enhancements Including Advanced Analytics for Alert Response, Open XDR, and Open Integration Framework to Collect and Analyze Telemetry Data Across Cloud, Applications, Endpoints, and End ...

3 weeks ago - GlobeNewsWire

Sumo Logic (SUMO) Sees Hammer Chart Pattern: Time to Buy?

Sumo Logic (SUMO) has been struggling lately, but the selling pressure may be coming to an end soon.

3 weeks ago - Zacks Investment Research

Sumo Logic Releases Inaugural Environmental, Social and Governance Report

Company Highlights Dedication to its Stakeholders Through Initiatives Focused on Ethics, Security, the Environment, and Diversity and Inclusion Company Highlights Dedication to its Stakeholders Through ...

3 weeks ago - GlobeNewsWire

Sumo Logic to Host 5th Annual Illuminate User Conference

Customer Presentations from Airbnb, Alaska Airlines, Code42, Dave, North American Bancard, Pitney Bowes, SAP, Thoughtworks, Tokio Marine, Vizient and More Highlight How to Power Modern Business with Obs...

1 month ago - GlobeNewsWire

Sumo Logic Drives Adoption of Continuous Intelligence Across Europe with Customer and Partner Growth

HelloFresh, Catena Media, Elwood and More Turn to Sumo Logic to Modernise Applications and Security Operations and Drive Digital Transformation;

1 month ago - GlobeNewsWire

Sumo Logic Stock Is More Than 50% Off Its All-Time High. Is It a Buy?

The cloud data intelligence specialist's stock dropped despite better-than-expected quarterly results and improved guidance.

1 month ago - The Motley Fool

Why Sumo Logic Stock Fell Sharply on Friday

Though the tech company raised its full-year fiscal 2022 revenue outlook, there's a catch.

1 month ago - The Motley Fool

Why Are Sumo Logic Shares Trading Lower Today?

Piper Sandler analyst Rob Owens downgraded Sumo Logic Inc (NASDAQ:SUMO) from Overweight to Neutral and lowered the price target from $24 to $20, implying fully priced at the current level. Owens reduced...

1 month ago - Benzinga

Sumo Logic Announces Second Quarter Fiscal 2022 Financial Results

Second quarter revenue grew 19% year-over-year to $58.8 million Named a Visionary in the 2021 Gartner Magic Quadrant for Security Information and Event Management (SIEM)

1 month ago - GlobeNewsWire

Sumo Logic Adds Margaret Francis to its Board of Directors

Francis Brings Modern Software Development and Product Led Growth Expertise to Help Company Drive Continuous Intelligence Category Leadership Francis Brings Modern Software Development and Product Led G...

1 month ago - GlobeNewsWire

Sumo Logic and IBM Expand Collaboration to Accelerate Hybrid Cloud Adoption with Marketplace Availability and Red Hat...

Sumo Logic Achieves Red Hat OpenShift Operator Certification; Now Available on Red Hat Marketplace Sumo Logic Achieves Red Hat OpenShift Operator Certification; Now Available on Red Hat Marketplace

1 month ago - GlobeNewsWire

Sumo Logic Announces Integration with ServiceNow Service Graph Connector and Security Incident Response

New Integrations with Sumo Logic Native Connectors Streamline Monitoring and Security of Modern IT and Security Operation Workflows within ServiceNow New Integrations with Sumo Logic Native Connectors S...

1 month ago - GlobeNewsWire

Sumo Logic Announces Upcoming Conference Participation

REDWOOD CITY, Calif., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO) the pioneer in continuous intelligence, announced today that members of its management team will present at the followin...

1 month ago - GlobeNewsWire

Sumo Logic Unveils Cloud SOAR Solution to Help Enterprises Modernize Their SOC

Sumo Logic Cloud SOAR Now Generally Available to Help Enterprises Modernize the SOC with Progressive Automation, Orchestration and Insightful Decision-Making Sumo Logic Cloud SOAR Now Generally Availabl...

1 month ago - GlobeNewsWire

Sumo Logic Announces Date of Second Quarter Fiscal 2022 Earnings Conference Call

REDWOOD CITY, Calif., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Sumo Logic , (Nasdaq: SUMO) the pioneer in continuous intelligence, today announced that it will report financial results for the second quarter e...

2 months ago - GlobeNewsWire

Sumo Logic and SYNNEX Collaborate to Deliver Modern Cloud-Native Security Solutions

SYNNEX to Distribute Customizable Security Practice to Help Customers Get Full Visibility Across On-Premises and Cloud Environments to Address Modern Security Challenges

2 months ago - GlobeNewsWire

Sumo Logic Announces CFO Transition and Reaffirms Second Quarter and Full Fiscal Year 2022 Guidance

REDWOOD CITY, Calif., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), the pioneer in continuous intelligence, today announced that Chief Financial Officer Sydney Carey is leaving the compan...

2 months ago - GlobeNewsWire

Sumo Logic Supercharges Observability Solution to Accelerate Innovation and Ensure Application Reliability

New Capabilities Including Real User Monitoring, Span Analytics and Easily Queryable Raw Tracing Data Provides Observers and Analysts with Deeper Insights to Manage Modern Applications New Capabilities ...

2 months ago - GlobeNewsWire

Here's why Sumo Group plc stock jumped 40% on Monday

Tencent Holdings Ltd is set to penetrate further into the global video game space. The Chinese technology giant said on Monday it will buy Sumo Group plc (LON: SUMO) for $1.26 billion.

3 months ago - Invezz

Sumo Logic Accelerates Expansion Across Japan to Help Meet the Demand for Modern Security and Observability Solutions

Sumo Logic's Cloud SIEM Solution Now Provides Superior Performance and Data Residency for Japanese Customers; Company Appoints New Country Manager to Further Drive Customer and Partner Growth Across the...

3 months ago - GlobeNewsWire

Sumo Logic Named a Visionary in the 2021 Gartner Magic Quadrant for Security Information and Event Management (SIEM)

Company Positioned for the First Time as a Visionary in the 2021 Gartner Magic Quadrant for Cloud-Native SIEM Approach to Modernizing Security Operations

3 months ago - GlobeNewsWire

Where Sumo Logic Stands With Analysts

Within the last quarter, Sumo Logic (NASDAQ:SUMO) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 0 0 2 Somewhat Bullish 1 0 0 0 Indifferent 0 1 ...

4 months ago - Benzinga

Sumo Logic Announces First Quarter Fiscal 2022 Financial Results

First quarter revenue grew 15% year-over-year to $54.2 million

4 months ago - GlobeNewsWire

Sumo Logic to acquire Portland open source cloud monitoring startup Sensu

Cloud management and monitoring company Sumo Logic announced that it plans to acquire Sensu, a Portland, Ore.

4 months ago - GeekWire