- Shares of Sumo Logic have been under pressure over the past year, down 20% year-to-date and down 60% over the past twelve months.
- The company just posted a fantastic Q4 earnings print that showed top-line acceleration while also pointing to continued acceleration for FY23.
- Sumo Logic's machine data analytics platform is a direct competitor to Splunk and is a broadly applicable infrastructure platform with a wide variety of use cases.
- Its ~3x forward revenue multiple is near-unheard of in the software sector and is inviting to potential M&A buyers.
For further details see:
Sumo Logic: After A Solid Quarter, It's Time To Play The Rebound