Sumo Logic Announces Second Quarter Fiscal 2022 Financial Results

Sumo Logic Inc. (SUMO) PT Lowered to $25 at Cowen

Cowen analyst J. Derrick Wood lowered the price target on Sumo Logic Inc. (NASDAQ: SUMO) to $25.00 (from $27.00) while maintaining an Outperform rating.

The analyst commented, "2Q billings growth of 29% was ahead of Street at 26%, aided by upside from its large customer.... More

Sumo Logic (SUMO): Mixed Q2 Results Prompt Two Downgrades to Neutral, Shares Fall Over 10%

Shares of Sumo Logic (NASDAQ: SUMO) are down more than 10% in pre-open Friday after the company reported mixed Q2 results.

SUMO said it lost $0.11 per share, which is better compared to the market consensus of a loss of $0.14 per share. Sales for the quarter came in at $58.8 million to top the analyst consensus of $56.69 million.

This quarter we saw continued momentum in our business as new and current customers adopt our Continuous Intelligence platform for a broad range of Observability and Security use cases. We will continue to invest in platform... More

Piper Sandler Downgrades Sumo Logic Inc. (SUMO) to Neutral

Piper Sandler analyst Rob Owens downgraded Sumo Logic Inc. (NASDAQ: SUMO) from Overweight to Neutral with a price target of $20.00 (from $24.00).

The analyst comments "In an environment where software 'beats and raises' have become the norm, we are modestly lowering our forward... More

Sumo Logic Inc. (SUMO) Tops Q2 EPS by 3c

Sumo Logic Inc. (NASDAQ: SUMO) reported Q2 EPS of ($0.11), $0.03 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $58.8 million versus the consensus estimate of $56.69 million.

GUIDANCE:

Sumo Logic Inc. sees Q3 2022 EPS of ($0.14), versus the consensus... More