Sumo Logic Inc. (SUMO) Tops Q2 EPS by 3c
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September 10, 2021 6:44 AM EDT
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
September 10, 2021 6:13 AM EDT
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
September 10, 2021 2:08 AM EDT
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
