Sumo Logic (SUMO): Mixed Q2 Results Prompt Two Downgrades to Neutral, Shares Fall Over 10%
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Sumo Logic Inc. (SUMO) PT Lowered to $25 at Cowen
September 10, 2021 6:44 AM EDTCowen 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
BTIG Downgrades Sumo Logic Inc. (SUMO) to Neutral
September 10, 2021 5:21 AM EDTBTIG analyst Gray Powell downgraded Sumo Logic Inc. (NASDAQ: SUMO) from Buy to Neutral.
For an analyst ratings summary and ratings history on Sumo Logic Inc. click here. For more ratings news on Sumo Logic Inc. click here.
Shares of Sumo Logic Inc. closed at $20.12 yesterday.
... MorePiper Sandler Downgrades Sumo Logic Inc. (SUMO) to Neutral
September 10, 2021 2:08 AM EDTPiper 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
September 9, 2021 4:04 PM EDTSumo 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
