S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:SUMO

Sumo Logic Stock Forecast, Price & News

$14.15
-0.19 (-1.32%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$13.84
$14.48
50-Day Range
$13.85
$17.60
52-Week Range
$13.24
$46.37
Volume
658,262 shs
Average Volume
1.27 million shs
Market Capitalization
$1.56 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
3.11
30 days | 90 days | 365 days | Advanced Chart
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Sumo Logic logo

About Sumo Logic

Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. Its platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights. The company offers a suite of solutions to address areas, such as operational intelligence, security intelligence, business intelligence, and global intelligence. Sumo Logic, Inc. was incorporated in 2010 and is headquartered in Redwood City, California.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:SUMO
Fax
N/A
Employees
759
Year Founded
N/A

Sales & Book Value

Annual Sales
$202.64 million
Book Value
$4.22 per share

Profitability

Net Income
$-80.30 million
Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
99,994,000
Market Cap
$1.56 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
9/08/2021
Today
11/28/2021
Next Earnings (Confirmed)
12/06/2021
Fiscal Year End
1/31/2022

MarketRank

Overall MarketRank

2.10 out of 5 stars

Computer And Technology Sector

385th out of 891 stocks

Prepackaged Software Industry

113th out of 265 stocks

Analyst Opinion: 3.2Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.0 5 -4 -3 -2 -1 -












Sumo Logic (NASDAQ:SUMO) Frequently Asked Questions

Is Sumo Logic a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sumo Logic in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Sumo Logic stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUMO, but not buy additional shares or sell existing shares.
View analyst ratings for Sumo Logic
or view top-rated stocks.

When is Sumo Logic's next earnings date?

Sumo Logic is scheduled to release its next quarterly earnings announcement on Monday, December 6th 2021.
View our earnings forecast for Sumo Logic
.

How can I listen to Sumo Logic's earnings call?

Sumo Logic will be holding an earnings conference call on Monday, December 6th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13725119".

How were Sumo Logic's earnings last quarter?

Sumo Logic, Inc. (NASDAQ:SUMO) released its quarterly earnings results on Wednesday, September, 8th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. The business earned $58.80 million during the quarter, compared to the consensus estimate of $56.68 million. Sumo Logic had a negative trailing twelve-month return on equity of 21.03% and a negative net margin of 47.23%. The firm's revenue was up 19.0% on a year-over-year basis.
View Sumo Logic's earnings history
.

What guidance has Sumo Logic issued on next quarter's earnings?

Sumo Logic updated its FY 2022 earnings guidance on Thursday, October, 7th. The company provided earnings per share (EPS) guidance of $-0.520-$-0.510 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.560. The company issued revenue guidance of $236.80 million-$238.80 million, compared to the consensus revenue estimate of $235.02 million.

What price target have analysts set for SUMO?

7 brokers have issued 1 year price targets for Sumo Logic's stock. Their forecasts range from $19.00 to $35.00. On average, they anticipate Sumo Logic's stock price to reach $25.71 in the next year. This suggests a possible upside of 81.7% from the stock's current price.
View analysts' price targets for Sumo Logic
or view top-rated stocks among Wall Street analysts.

Who are Sumo Logic's key executives?

Sumo Logic's management team includes the following people:

When did Sumo Logic IPO?

(SUMO) raised $281 million in an initial public offering on Thursday, September 17th 2020. The company issued 14,800,000 shares at $17.00-$21.00 per share. Morgan Stanley, JPMorgan, RBC Capital Markets and Jefferies acted as the underwriters for the IPO and William Blair, Cowen, Piper Sandler and BTIG were co-managers.

What is Sumo Logic's stock symbol?

Sumo Logic trades on the NASDAQ under the ticker symbol "SUMO."

Who are Sumo Logic's major shareholders?

Sumo Logic's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Greylock Xiii GP LLC (6.68%), BlackRock Inc. (5.05%), ArrowMark Colorado Holdings LLC (2.58%), Geode Capital Management LLC (1.37%), Bank of New York Mellon Corp (1.35%) and Eagle Asset Management Inc. (0.71%). Company insiders that own Sumo Logic stock include Christian Beedgen, Jennifer Mccord, Katherine Haar, Mfn Partners, Lp, Ramin Sayar, Steven D Fitz, Steven D Fitz, Suku Krishnaraj Chettiar and Sydney Carey.
View institutional ownership trends for Sumo Logic
.

Which major investors are selling Sumo Logic stock?

SUMO stock was sold by a variety of institutional investors in the last quarter, including Greylock Xiii GP LLC, Millennium Management LLC, Eagle Asset Management Inc., UBS Group AG, California State Teachers Retirement System, Raymond James & Associates, Rehmann Capital Advisory Group, and New York State Common Retirement Fund. Company insiders that have sold Sumo Logic company stock in the last year include Christian Beedgen, Jennifer Mccord, Katherine Haar, Ramin Sayar, Steven D Fitz, Suku Krishnaraj Chettiar, and Sydney Carey.
View insider buying and selling activity for Sumo Logic
or view top insider-selling stocks.

Which major investors are buying Sumo Logic stock?

SUMO stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, Bank of New York Mellon Corp, Deutsche Bank AG, Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, Ieq Capital LLC, and Two Sigma Investments LP.
View insider buying and selling activity for Sumo Logic
or or view top insider-buying stocks.

How do I buy shares of Sumo Logic?

Shares of SUMO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sumo Logic's stock price today?

One share of SUMO stock can currently be purchased for approximately $14.15.

How much money does Sumo Logic make?

Sumo Logic has a market capitalization of $1.56 billion and generates $202.64 million in revenue each year. The company earns $-80.30 million in net income (profit) each year or ($1.19) on an earnings per share basis.

How many employees does Sumo Logic have?

Sumo Logic employs 759 workers across the globe.

What is Sumo Logic's official website?

The official website for Sumo Logic is www.sumologic.com.

Where are Sumo Logic's headquarters?

Sumo Logic is headquartered at 305 MAIN STREET, REDWOOD CITY CA, 94063.

How can I contact Sumo Logic?

Sumo Logic's mailing address is 305 MAIN STREET, REDWOOD CITY CA, 94063. The company can be reached via phone at 650-810-8700 or via email at [email protected].


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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