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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.
Sumo's long-term revenue will grow at a CAGR of mid-teens in the long term driven by its technologically advanced cloud software solutions. The company's software-as-a-service analytics platform will help it drive its long-term revenue growth.
Sumo Logic posted incredibly strong Q3 results that showed an acceleration in top-line revenue growth to 27% y/y. On top of that, the company also improved pro forma operating margins by fifteen points year-over-year.
Investors are bargain-hunting in stocks that have seen big declines in 2022.
Sumo Logic, Inc. (NASDAQ:SUMO ) Q3 2023 Earnings Conference Call December 5, 2022 4:30 PM ET Company Participants Bryan Liberator - Senior Director of IR Ramin Sayar - President & CEO Stewart Grierson - CFO Conference Call Participants Kamil Mielczarek - William Blair Matt Swanson - RBC Capital Markets Andrew Sherman - Cowen Gray Powell - BTIG Sanjit Singh - Morgan Stanley Blair Abernethy - Rosenblatt Securities Noah Herman - JPMorgan Operator Greetings. Welcome to the Sumo Logic Third Quarter Fiscal 2023 Earnings Call.
Sumo Logic, Inc. (SUMO) delivered earnings and revenue surprises of 73.33% and 6.53%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
Sumo Logic stock jumps more than 10% after third-quarter beat, raised outlook
REDWOOD CITY, Calif., Nov. 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 management team will present at the following investor conference: