SUMO Stock Recent News

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:

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 it will report financial results for the third quarter ended October 31, 2022 after market close on Monday, December 5, 2022. The company will host a conference call on the same day beginning at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss financial results and business highlights.

Shares of Sumo Logic have staged a slight rebound after the company issued uplifting Q2 results. On top of showing a slight acceleration in revenue growth, Sumo Logic also slightly boosted its guidance forecast for the remainder of the year.