Sumo Logic Inc. (SUMO) Tops Q1 EPS by 4c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
- Exclusive-Silver Lake in talks to buy Workday, sources say
- Crude Inventory Rose 17.2 Million Barrels Last Week - EIA
- Citi agrees to acquire rewards platform Kard Financial
- Total darkness, then sunset as full eclipse wows spectators in Spain
- Burry doubles down on Nebius short after stock surges 34% on earnings
Sumo Logic Inc. (SUMO) Reports Q1 Revenue of $67.9M, EPS of ($0.13)
May 26, 2022 4:04 PM EDTSumo Logic (NASDAQ: SUMO) today announced financial results for the first quarter of its fiscal 2023 ended April 30, 2022.
We started our fiscal year strong as we delivered 25% revenue growth in the first quarter. Escalating security threats are driving a healthy demand environment, and we remain well positioned with a unified platform that delivers both observability and security, said Ramin Sayar, President and CEO of Sumo Logic. "The go-to-market changes we are making are underway, and customers are continuing to recognize the value of our differentiated SaaS analytics platform that ensures their applications are reliable and... More
Jefferies Cuts Software Price Targets Across the Board, Highlights Names With Least Downside
May 24, 2022 6:36 AM EDTJefferies analyst, Brent Thill, cut price targets in the software sector, virtually across the board expecting another drop in fundamental estimates stating "Software multiples continue to correct, contracting 52% YTD and trading at 6.7x CY23 rev. vs the historical average of 8x. Despite the recent downdraft, we believe there could... More

