SUMO News and Press, Sumo Logic Inc. From 02/08/23

Sumo Logic ( NASDAQ: SUMO ) shares climbed 2% in after-hours trading Wednesday amid reports that the cloud-based software-as-a-service company is close to being sold for $1.7B. Private-equity firm Francisco Partners as said to be close to finalizing a deal to acquire Redwood City, Cal...

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 ...

Summary Sumo Logic, Inc. reported its FQ3 2023 financial results on December 5, 2022. The firm provides IT monitoring technologies to organizations worldwide. While Sumo Logic continues to grow revenue, operating losses are large. Apparently, private equity has become interested...

The beaten-down shares of cloud data intelligence company Sumo Logic (NASDAQ: SUMO) jumped by almost 55% in value this week, according to data compiled by S&P Global Market Intelligence . That was logical, as rumors swirled around the stock about buyout interest from not one, not ...

Sumo Logic ( NASDAQ: SUMO ) could be worth as much as $17 per share if it were to be taken private, investment firm Jefferies said on Tuesday. Analyst Brent Thill, who has a hold rating on Sumo Logic ( SUMO ), noted the company has seen "underwhelming growth and negative profitabi...

Sumo Logic ( NASDAQ: SUMO ) soared 25% on a report that several private equity firms have approached the data analysts software firm about a potential acquisition. Thoma Bravo, Vista Equity and Francisco Partners are said to have approached the company to express their interest in...

Summary SUMO operates in a large and growing industry, and the business enjoys strong network effects. Near-term macro headwinds have resulted in slower growth over the next few years. It is better to wait for a cheaper valuation before investing in SUMO. Investment thesis...

Summary 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. Now that the tax loss bloodbath is over, here are some po...

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&#...

Summary 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. The companyȁ...