SUMO Stock Recent News
SUMO LATEST HEADLINES
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.
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?