Sumo Logic Inc. (SUMO) Tops Q1 EPS by 4c
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Go back to Sumo Logic Inc. (SUMO) Tops Q1 EPS by 4c
May 26, 2022 4:04 PM EDT
Sumo 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
May 24, 2022 6:36 AM EDT
Jefferies 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
