How were Sumo Logic's earnings last quarter?

Sumo Logic, Inc. (NASDAQ:SUMO) released its quarterly earnings data on Sunday, December, 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02. The business earned $62.02 million during the quarter, compared to analysts' expectations of $60.85 million. Sumo Logic had a negative net margin of 41.51% and a negative trailing twelve-month return on equity of 25.88%. The company's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS.

What ETF holds Sumo Logic's stock?

Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares holds 232 shares of SUMO stock, representing 0.06% of its portfolio.

When did Sumo Logic IPO?

Sumo Logic (SUMO) raised $281 million in an IPO 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 served as the underwriters for the IPO and William Blair, Cowen, Piper Sandler and BTIG were co-managers.

NASDAQ:SUMO

Sumo Logic (SUMO) Stock Price, News & Analysis

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Today's Range: $12.04
▼
$12.04
50-Day Range: $12.00
▼
$12.05
52-Week Range: $6.43
▼
$12.60

Volume: 786 shs
Average Volume: 2.73 million shs
Market Capitalization: $1.49 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Stock Analysis

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About Sumo Logic Stock (NASDAQ:SUMO)

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. It offers Continuous Intelligence Platform, a cloud-native, multi-tenant, and secure service that leverages to enable reliability and security of cloud applications and workloads. The company also provides observability solution, an out-of-the-box solution for managing their application reliability for cloud applications; and security solution that helps developers, security analysts, and security operation centers that detect threats, perform security analysis and forensics, and automate security responses to remediate against those threats for cloud applications. The company was incorporated in 2010 and is headquartered in Redwood City, California.

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SUMO Stock News Headlines

March 27, 2024 | venturebeat.com

Observe raises $115M from Sutter Hill, Snowflake Ventures to supercharge data cloud observability

March 27, 2024 | tmcnet.com

Bedrock Security Unveils the Industry's First Frictionless Data Security Platform, Announces $10 Million in Seed Funding

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 26, 2024 | markets.businessinsider.com

Code42 Appoints Dennis Dayman as Chief Information Security Officer

March 20, 2024 | finance.yahoo.com

Modern Health Welcomes Steve Fitz As New Chief Revenue Officer

March 12, 2024 | finance.yahoo.com

Critical Start Finishes Fiscal Year with Strong Business Growth and New Approach to Cyber Risk Reduction

March 5, 2024 | finance.yahoo.com

Sumo Logic Reinvents the Economic Model for Log Management in an AI World

February 27, 2024 | finance.yahoo.com

Leading ASPM Platform ArmorCode Appoints Aaron Feigin as Chief Marketing Officer

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January 31, 2024 | seekingalpha.com

PagerDuty: Deceleration In Customer Growth Is Alarming

January 23, 2024 | tmcnet.com

Strata Identity Names Erik Ruby Head of Sales to Lead Market Expansion for Identity Orchestration Platform

January 5, 2024 | tmcnet.com

Managed SIEM Services Market worth $16.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

December 7, 2023 | finance.yahoo.com

Phylum Launches a Threat Feed of Open-Source Malware, Introduces Phylum App for Sumo Logic

November 27, 2023 | tmcnet.com

Sumo Logic Accelerates Cloud Insights Into Action Across AWS Environments

November 21, 2023 | msn.com

Sumo Logic wrestles with security breach, pins down customer data

November 9, 2023 | news.yahoo.com

50,000 coins dating back to 325 A.D. discovered on ocean floor

November 9, 2023 | msn.com

Sumo Logic confirms data breach after AWS systems hit

November 9, 2023 | news.yahoo.com

Crash causes thousands to lose power in Myers Park

November 8, 2023 | news.yahoo.com

U.S. MQ-9 Drone shot down off the coast of Yemen

November 6, 2023 | msn.com

Inside the jaw-dropping lives of the world’s strongest people

November 6, 2023 | businesswire.com

Sumo Logic Launches Fully Unified Data Collection for all Logs, Metrics, and Traces on Kubernetes Infrastructure Monitoring

October 31, 2023 | news.yahoo.com

Log analysis and security firm Graylog raises $9M in equity, $30M in debt

September 18, 2023 | benzinga.com

Urgent – The M&A Firm Encourages Investors of Sumo Logic, Inc. to Contact the Firm

August 22, 2023 | msn.com

New Relic gains amid report ForgeRock deal to Thoma Bravo set to close

August 22, 2023 | benzinga.com

GM Sectec and Sumo Logic Partner to Simplify PCI Compliance

August 22, 2023 | technews.tmcnet.com

Calling All Sumo Logic, Inc. (SUMO) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit!

August 3, 2023 | msn.com

Salesforce cutting more jobs following 10% reduction: reports

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Company Calendar

Last Earnings: 12/05/2021
Today: 4/17/2024
Fiscal Year End: 1/31/2025

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:SUMO
CUSIP: N/A
CIK: 1643269
Web: www.sumologic.com
Phone: 650-670-8002
Fax: N/A
Employees: 943
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($1.06)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-124,820,000.00
Net Margins: -41.51%
Pretax Margin: -40.58%
Return on Equity: -25.88%
Return on Assets: -17.13%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.00
Quick Ratio: 2.00

Sales & Book Value

Annual Sales: $300.67 million
Price / Sales: 4.97
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.13 per share
Price / Book: 3.85

Miscellaneous

Outstanding Shares: 124,088,000
Free Float: 114,781,000
Market Cap: $1.49 billion
Optionable: Not Optionable
Beta: 1.30

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Key Executives

Mr. Ramin Sayar (Age 50)
CEO, Pres & Director
Comp: $713.53k
Mr. Christian Beedgen (Age 50)
Co-Founder, Chief Technology Officer & Director
Comp: $376.4k
Mr. Stewart Grierson (Age 56)
Chief Financial Officer
Comp: $438.98k
Ms. Katherine Haar (Age 47)
Gen. Counsel & Sec.
Comp: $433.98k
Mr. Suku Krishnaraj Chettiar (Age 50)
Chief Marketing Officer
Comp: $414.15k
Ms. Lynne Doherty McDonald (Age 49)
Pres of Worldwide Field Operations
Comp: $209.31k
Mr. Rick Hasselman
VP of Fin.
Ms. Jennifer McCord
Sr. VP of Fin. & Chief Accounting Officer
Bryan Liberator
Sr. Director of Investor Relations
Mr. Aaron Feigin
Chief Communications & Brand Officer

Key Competitors

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SUMO Stock Analysis - Frequently Asked Questions

How were Sumo Logic's earnings last quarter?: Sumo Logic, Inc. (NASDAQ:SUMO) released its quarterly earnings data on Sunday, December, 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02. The business earned $62.02 million during the quarter, compared to analysts' expectations of $60.85 million. Sumo Logic had a negative net margin of 41.51% and a negative trailing twelve-month return on equity of 25.88%. The company's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS.
What ETF holds Sumo Logic's stock?: Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares holds 232 shares of SUMO stock, representing 0.06% of its portfolio.
When did Sumo Logic IPO?: Sumo Logic (SUMO) raised $281 million in an IPO 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 served as the underwriters for the IPO and William Blair, Cowen, Piper Sandler and BTIG were co-managers.

This page (NASDAQ:SUMO) was last updated on 4/18/2024 by MarketBeat.com Staff

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Sumo Logic (SUMO) Stock Price, News & Analysis

About Sumo Logic Stock (NASDAQ:SUMO)

SUMO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

SUMO Stock Analysis - Frequently Asked Questions

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