Sumo Logic

Sumo Logic, Inc. engages in the provision and development of continuous intelligence software platform. Its product enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and internet of things (IoT) data to derive insights. The company was founded by Kumar Saurabh and Christian Beedgen in 2010 and is headquartered in Redwood City, CA.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sumo Logic is a secure, cloud-native, machine data analytics service, that delivers real-time, continuous intelligence from structured, semi-structured, and unstructured data across the entire application lifecycle and stack.  It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. More than 2,000 customers around the globe rely on Sumo Logic for the analytics and insights to build, run, and secure their modern applications and cloud infrastructures. With Sumo Logic, customers gain a multi-tenant, service-model advantage to accelerate their shift to continuous innovation, increasing competitive advantage, business value, and growth.  Founded in 2010, Sumo Logic is a privately held company based in Redwood City, California, and is backed by Accel Partners, Battery Ventures, DFJ, Franklin Templeton, Greylock Partners, IVP, Sapphire Ventures, Sequoia Capital, Sutter Hill Ventures and Tiger Global Management.

Sumo Logic (Nasdaq: SUMO) announced it entered into an agreement to be acquired for $1.7 billion. These are the details.

Francisco Partners Buying Sumo Logic For $1.7 Billion: Details (SUMO)

NEW YORK , Feb. 9, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Sumo Logic, Inc. ("Sumo" or the "Company") (NASDAQ: SUMO), in connection with the proposed acquisition of the Company by affiliates of Francisco Partners. Under the terms of the merger agreement, the Company's shareholders will receive $12.05 in cash for each share of Sumo common stock owned.

SHAREHOLDER ALERT: Weiss Law Investigates Sumo Logic, Inc.

Wilmington, Delaware--(Newsfile Corp. - February 9, 2023) - Rigrodsky Law, P.A. is investigating Sumo Logic, Inc. ("Sumo") (NASDAQ: SUMO) regarding possible breaches of fiduciary duties and other violations of law related to Sumo's agreement to be acquired by Francisco Partners. Under the terms of the agreement, Sumo's shareholders will receive $12.05 per share in cash.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-sumo-logic-inc.To contact Seth D. Rigrodsky or Gina M.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sumo Logic, Inc. Buyout

MILWAUKEE , Feb. 9, 2023 /PRNewswire/ -- Ademi LLP is investigating Sumo Logic (NASDAQ: SUMO) for possible breaches of fiduciary duty and other violations of law in its transaction with Francisco Partners.  Click here to learn how to join the action https://www.ademilaw.com/case/sumo-logic-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Sumo Logic Inc. has obtained a Fair Price in its transaction with Francisco Partners

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sumo Logic, Inc. (NASDAQ: SUMO) to affiliates of Francisco Partners for $12.05 per share in cash is fair to Sumo shareholders. Halper Sadeh encourages Sumo shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

SUMO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sumo Logic, Inc. Is Fair to Shareholders

Shares of Sumo Logic Inc. SUMO, -2.55% slumped 2.4% in morning trading Thursday, after the data analytics software company confirmed it was being acquired by investment firm Francisco Partners, but at a price below the previous session's close. Under terms of the deal, which is valued at $1.7 billion, Sumo Logic shareholders will receive $12.05 in cash for each Sumo Logic share they own, which is 1.1% below Wednesday's closing price of $12.18, but 57.1% above the Jan. 20 close of $7.67, before a report of a potential deal first surfaced.

Sumo Logic confirms buyout deal, but stock falls as bid was below previous session's close

REDWOOD CITY, Calif., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it has entered into a definitive agreement (the "Agreement") to be acquired by affiliates of Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, for $12.05 per share in cash. The all-cash transaction values Sumo Logic at an aggregate equity valuation of approximately $1.7 billion.

Sumo Logic to be Acquired by Francisco Partners for $1.7 Billion

Shares of Sumo Logic Inc. SUMO, +0.91% rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equity firm Francisco Partners is nearing a $1.7 billion deal for the software provider. The deal could be unveiled as soon as Thursday, the report said, citing people familiar with the talks.

Sumo Logic stock up 15%; PE heavyweight nears deal for software company, WSJ says

Sumo Logic Inc., a data-analytics software provider, is nearing a deal to be sold to private-equity firm Francisco Partners for roughly $1.7 billion.

Francisco Partners Nears $1.7 Billion Deal For Software Provider Sumo Logic

REDWOOD CITY, Calif., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that CRN ® , a brand of The Channel Company , has recognized Timm Hoyt, Senior Vice President of Global Partners and Alliances, on its 2023 Channel Chiefs list. Every year, this list honors the IT channel executives who work tirelessly to advance the channel agenda and deliver successful channel partner programs and strategies.

Sumo Logic SVP of Global Partners and Alliances Named as a 2023 CRN Channel Chief

Sumo Logic, Inc. reported its FQ3 2023 financial results on December 5, 2022. The firm provides IT monitoring technologies to organizations worldwide.

Sumo Logic Accelerates Plans To Achieve Breakeven

The cloud services provider could end up going private in a splashy deal.

Why Sumo Logic Stock Zoomed 55% Higher This Week

Sumo Logic Inc. SUMO, +27.90% stock soared Monday on a report that the data-analytics software company has been approached by private equity firms expressing interest in a possible buyout. Sumo Logic shares surged more than 30% to an intraday high of $10.25, in late afternoon trading.

Sumo Logic stock surges more than 30% on reported buyout interest

Sumo Logic, Inc. (SUMO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Sumo Logic, Inc. (SUMO) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

AbCellera Biologics

AST SpaceMobile

Beam Therapeutics

CRISPR Therapeutics

Editas Medicine

JFrog

HashiCorp

Maxar Technologies

MongoDB

Intellia Therapeutics

UiPath

Planet Labs

Prime Medicine Inc

Rocket Lab USA

Tesla

While others flock to safety, should you do the opposite? Some of the best times to invest in highly speculative names are when no one wants them, as long as the reasons are macro and not company or industry specific.

10 Potential 10x Return Stocks For The Next 10 Years

REDWOOD CITY, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that members of its management team will present at the following investor conference:

Sumo Logic Announces Upcoming Conference Participation

The mean of analysts' price targets for Sumo Logic, Inc. (SUMO) points to a 50% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 50% Upside in Sumo Logic, Inc. (SUMO): Can the Stock Really Move This High?

REDWOOD CITY, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it was recognized as a strong performer in the Forrester Research, Inc. report: “The Forrester Wave™: Security Analytics Platforms, Q4 2022.”

Sumo Logic Recognized by Leading Independent Research Firm as a Strong Performer in Security Analytics Platforms Evaluation

Sumo's long-term revenue will grow at a CAGR of mid-teens in the long term driven by its technologically advanced cloud software solutions. The company's software-as-a-service analytics platform will help it drive its long-term revenue growth.

Sumo Logic: An Attractively Priced Cloud Software Company

Sumo Logic posted incredibly strong Q3 results that showed an acceleration in top-line revenue growth to 27% y/y. On top of that, the company also improved pro forma operating margins by fifteen points year-over-year.

Sumo Logic: Strong Performance Is Rare In This Environment

The average of price targets set by Wall Street analysts indicates a potential upside of 71.2% in Sumo Logic, Inc. (SUMO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Sumo Logic, Inc. (SUMO) Have the Potential to Rally 71% as Wall Street Analysts Expect?

Strong results in the third quarter lifted the stock higher.

Why Sumo Logic Stock Is Soaring Today

GitLab

Investors are bargain-hunting in stocks that have seen big declines in 2022.

These SaaS Stocks Are Boosting the Nasdaq Tuesday

Sumo Logic, Inc. (NASDAQ:SUMO ) Q3 2023 Earnings Conference Call December 5, 2022 4:30 PM ET Company Participants Bryan Liberator - Senior Director of IR Ramin Sayar - President & CEO Stewart Grierson - CFO Conference Call Participants Kamil Mielczarek - William Blair Matt Swanson - RBC Capital Markets Andrew Sherman - Cowen Gray Powell - BTIG Sanjit Singh - Morgan Stanley Blair Abernethy - Rosenblatt Securities Noah Herman - JPMorgan Operator Greetings. Welcome to the Sumo Logic Third Quarter Fiscal 2023 Earnings Call.

Sumo Logic, Inc. (SUMO) Q3 2023 Earnings Call Transcript

Sumo Logic, Inc. (SUMO) delivered earnings and revenue surprises of 73.33% and 6.53%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Sumo Logic Stock (SUMO)