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Sumo Logic, Inc. (SUMO) delivered earnings and revenue surprises of 66.67% and 2.85%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
Look for private equity firms to keep on targeting software companies in 2023, though rising interest rates could get in the way of some deals for software stocks. The post Why Software Stocks Are Looking Tasty To Private Equity Firms appeared first on Investor's Business Daily.
Sumo Logic (Nasdaq: SUMO) announced it entered into an agreement to be acquired for $1.7 billion. These are the details.
Shares of Sumo Logic Inc. SUMO, +0.91% rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equity firm Francisco Partners is nearing a $1.7 billion deal for the software provider. The deal could be unveiled as soon as Thursday, the report said, citing people familiar with the talks.
Sumo Logic Inc., a data-analytics software provider, is nearing a deal to be sold to private-equity firm Francisco Partners for roughly $1.7 billion.
Sumo Logic, Inc. reported its FQ3 2023 financial results on December 5, 2022. The firm provides IT monitoring technologies to organizations worldwide.
The cloud services provider could end up going private in a splashy deal.
Sumo Logic Inc. SUMO, +27.90% stock soared Monday on a report that the data-analytics software company has been approached by private equity firms expressing interest in a possible buyout. Sumo Logic shares surged more than 30% to an intraday high of $10.25, in late afternoon trading.
REDWOOD CITY, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that members of its management team will present at the following investor conference:
The mean of analysts' price targets for Sumo Logic, Inc. (SUMO) points to a 50% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.