Sumo Logic

Sumo Logic, Inc. engages in the provision and development of continuous intelligence software platform. Its product enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and internet of things (IoT) data to derive insights. The company was founded by Kumar Saurabh and Christian Beedgen in 2010 and is headquartered in Redwood City, CA.

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Sumo Logic is a secure, cloud-native, machine data analytics service, that delivers real-time, continuous intelligence from structured, semi-structured, and unstructured data across the entire application lifecycle and stack.  It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. More than 2,000 customers around the globe rely on Sumo Logic for the analytics and insights to build, run, and secure their modern applications and cloud infrastructures. With Sumo Logic, customers gain a multi-tenant, service-model advantage to accelerate their shift to continuous innovation, increasing competitive advantage, business value, and growth.  Founded in 2010, Sumo Logic is a privately held company based in Redwood City, California, and is backed by Accel Partners, Battery Ventures, DFJ, Franklin Templeton, Greylock Partners, IVP, Sapphire Ventures, Sequoia Capital, Sutter Hill Ventures and Tiger Global Management.

Shares of Sumo Logic fell nearly 10% after reporting Q2 results, despite a quarter that was par for the course for this company. Sumo Logic's revenue growth beat expectations in Q2, but Q3 guidance came in slightly lower than investors had hoped for.

Sumo Logic: Beaten Down For No Reason

Sumo Logic Inc. shares dropped Friday after two Wall Street analysts downgraded the data-analysis company's stock on concerns about customer retention rates.

The Ratings Game: Sumo Logic stock drops as much as 15% following two Wall Street downgrades

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

Why Sumo Logic Stock Fell Sharply on Friday

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 forward expectations for core Sumo revenue for the second time in the past three quarters despite a revenue beat, saying extended North America sales cycles and pressured net retention rates are "weighing on results.

Why Are Sumo Logic Shares Trading Lower Today?

Sumo Logic, Inc. (SUMO) CEO Ramin Sayar on Q2 2022 Results - Earnings Call Transcript

Shares of Sumo Logic Inc. SUMO, -0.05% fell more than 5% in the extended session Thursday despite a quarterly beat for the software company. Sumo Logic said it lost $32 million, or 30 cents a share, in the fiscal 2022 second quarter, compared with a loss of $12.2 million, or 66 cents a share, in the year-ago period.

Sumo Logic stock falls 5% after quarterly 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)

Sumo Logic Announces Second Quarter Fiscal 2022 Financial Results

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 Growth Expertise to Help Company Drive Continuous Intelligence Category Leadership

Sumo Logic Adds Margaret Francis to its Board of Directors

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

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

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 Streamline Monitoring and Security of Modern IT and Security Operation Workflows within ServiceNow

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

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 Available to Help Enterprises Modernize the SOC with Progressive Automation, Orchestration and Insightful Decision-Making

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

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 ended July 31, 2021 after market close on Thursday, September 9, 2021. The company will host a conference call on the same day beginning at 1:30 PM Pacific Time (4:30PM Eastern Time) to discuss financial results and business highlights.

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

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

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

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 company to pursue other opportunities. While she is stepping down today, she will continue as an advisor with the company until December 31, 2021 to ensure a smooth transition.

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

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

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

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.

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

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 Region 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 Region

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

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

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

Shares of Sumo Logic have fallen steadily this year, down 50% from all-time highs. Though growth has slowed down, Sumo Logic's share price deterioration has put it squarely in the value category.

Sumo Logic: Poised To Rebound

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 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 7 analysts have offered 12-month price targets for Sumo Logic. The company has an average price target of $33.29 with a high of $46.00 and a low of $22.00.

Where Sumo Logic Stands With Analysts

Sumo Logic, Inc. (SUMO) CEO Ramin Sayar on Q1 2022 Results - Earnings Call Transcript

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

Sumo Logic Announces First Quarter Fiscal 2022 Financial Results

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

Sumo Logic to acquire Portland open source cloud monitoring startup Sensu

Companies Will Join Forces to Grow the Existing Large and Active OSS Community and Accelerate Monitoring-as-Code for DevOps Organizations of all Sizes

Sumo Logic Signs Definitive Agreement to Acquire Sensu to Extend Open Source Strategy and Broaden Observability Suite

New ‘Sumo Logic Cloud SIEM Powered by AWS' Solution to Help Companies Address Modern Security Challenges with Deep Insights and Contextualized Actionable Threat Data to Reduce the Time to Detect and Respond to Threats New ‘Sumo Logic Cloud SIEM Powered by AWS' Solution to Help Companies Address Modern Security Challenges with Deep Insights and Contextualized Actionable Threat Data to Reduce the Time to Detect and Respond to Threats

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