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Sumo Logic, Inc.NasdaqGS:SUMO Stock Report

Market Cap US$1.5b
Share Price
n/a
US$12.04
n/aintrinsic discount
1Y49.6%
7D0%
Portfolio Value
​
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Sumo Logic, Inc.

NasdaqGS:SUMO Stock Report

Market Cap: US$1.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Sumo Logic (SUMO) Stock Overview

Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. More details

SUMO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Revenue is forecast to grow 14.08% per year

Risk Analysis

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years


SUMO Community Fair Values

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Sumo Logic, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sumo Logic
Historical stock prices
Current Share PriceUS$12.04
52 Week HighUS$12.60
52 Week LowUS$6.43
Beta1.3
1 Month Change0.33%
3 Month Change1.52%
1 Year Change49.57%
3 Year Changen/a
5 Year Changen/a
Change since IPO-55.21%

Recent News & Updates

Recent updates

Analysis Article • Jan 17

Sumo Logic (NASDAQ:SUMO) Is In A Strong Position To Grow Its Business

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Analysis Article • Dec 25

Should You Investigate Sumo Logic, Inc. (NASDAQ:SUMO) At US$7.86?

While Sumo Logic, Inc. ( NASDAQ:SUMO ) might not be the most widely known stock at the moment, it saw a decent share...
Analysis Article • Oct 05

Sumo Logic, Inc. (NASDAQ:SUMO) Shares Could Be 49% Below Their Intrinsic Value Estimate

How far off is Sumo Logic, Inc. ( NASDAQ:SUMO ) from its intrinsic value? Using the most recent financial data, we'll...
Seeking Alpha • Aug 24

Sumo Logic Q2 2023 Earnings Preview

Sumo Logic (NASDAQ:SUMO) is scheduled to announce Q2 earnings results on Thursday, August 25th, after market close. The consensus EPS Estimate is -$0.14 (-27.3% Y/Y) and the consensus Revenue Estimate is $71.55M (+21.7% Y/Y). Over the last 1 year, SUMO has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 7 upward revisions and 0 downward. Revenue estimates have seen 7 upward revisions and 0 downward.
Seeking Alpha • Jul 12

Gigamon and Sumo Logic to optimize cloud performance and mitigate risk

Gigamon announced the integration of the Gigamon Hawk Deep Observability Pipeline and Gigamon ThreatINSIGHT Network Detection and Response (or NDR) solution with Sumo Logic (NASDAQ:SUMO) to enable reliable and secure cloud-native applications. This partnership will help optimize cloud performance to contain the escalating costs associated with data exchange and storage and improve their overall security posture. “This collaboration with Gigamon reflects the common goal of enabling our customers to make data-driven decisions, in real-time, to improve the security and operational efficiency of their cloud deployments,” said John Coyle, senior vice president of strategic alliances at Sumo Logic. “Gaining deep observability into all data in motion is the key to reaping the benefits of a secure, resilient digital infrastructure.”
Seeking Alpha • Jun 06

Sumo Logic: Be Patient, A Rebound Is Imminent

Sumo Logic recently posted excellent Q1 results, despite the stock having barely reacted to the upside. Revenue growth accelerated to 25% y/y, while net retention rates also achieved a multi-quarter high. In spite of the Q1 blowout, Sumo Logic didn’t materially lift its revenue guidance for the year, suggesting that there could be plenty of further room for upside. At ~2x forward revenue, Sumo Logic remains one of the cheapest stocks in the software sector.
Analysis Article • Apr 21

Are Investors Undervaluing Sumo Logic, Inc. (NASDAQ:SUMO) By 49%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Sumo Logic, Inc...
Seeking Alpha • Mar 10

Sumo Logic: After A Solid Quarter, It's Time To Play The Rebound

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.
Seeking Alpha • Jan 03

Sumo Logic Needs Faster Growth And Operating Improvement For Upside

Sumo Logic went public in September 2020, raising $326 million in a U.S. IPO. The firm provides continuous monitoring and analysis software for business IT infrastructure - DevSecOps. SUMO has grown revenue only moderately, and GAAP operating losses are worsening, so my outlook on the stock at around $13.50 is Neutral until performance improves.
Seeking Alpha • Dec 22

Sumo Logic: Deep Value Stock That Merits A Second Look

Shares of Sumo Logic have cratered nearly 50% this year as investors shunned growth stocks. Briefly a hot IPO, Sumo Logic's decline is primarily a function of sentiment rather than fundamentals. In its most recent quarter, the company accelerated revenue growth to 20% y/y. New sales leadership may additionally recharge go-to-market progress. The stock is trading at deep value levels at ~4x forward revenue.
Seeking Alpha • Nov 29

Sumo Logic: Take Advantage Of Random Stock Volatility

Sumo Logic stock has shed 20% of its value in the last month on no apparent news. Although Sumo’s growth slowed significantly in the wake of COVID-19, its results seem to be starting to improve. Sumo is valued at a lower (and reasonably cheap 6.5x) P/S than bigger competitor Splunk, despite a similar 20% forward growth rate.
Analysis Article • Sep 15

Here's Why We're Not At All Concerned With Sumo Logic's (NASDAQ:SUMO) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Seeking Alpha • Sep 12

Sumo Logic: Beaten Down For No Reason

Shares of Sumo Logic fell nearly 10% after reporting Q2 results, despite a quarter that was par for the course for this company. Sumo Logic's revenue growth beat expectations in Q2, but Q3 guidance came in slightly lower than investors had hoped for. This is a familiar pattern for Sumo Logic: setting the bar low, and crossing it eventually. Sumo Logic remains a broad use-case technology trading at a compelling valuation that should be a portfolio anchor during market volatility.

Shareholder Returns

SUMOUS SoftwareUS Market
7D0%0.2%1.5%
1Y49.6%-11.5%25.5%

Return vs Industry: SUMO exceeded the US Software industry which returned 44.1% over the past year.

Return vs Market: SUMO exceeded the US Market which returned 14.1% over the past year.

Price Volatility

Is SUMO's price volatile compared to industry and market?
SUMO volatility
SUMO Average Weekly Movement1.3%
Software Industry Average Movement9.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: SUMO has not had significant price volatility in the past 3 months.

Volatility Over Time: SUMO's weekly volatility has decreased from 9% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010983Ramin Sayarwww.sumologic.com

Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. It offers Continuous Intelligence Platform, a cloud-native, multi-tenant, and secure service that leverages to enable reliability and security of cloud applications and workloads. The company also provides observability solution, an out-of-the-box solution for managing their application reliability for cloud applications; and security solution that helps developers, security analysts, and security operation centers that detect threats, perform security analysis and forensics, and automate security responses to remediate against those threats for cloud applications.

Sumo Logic, Inc. Fundamentals Summary

How do Sumo Logic's earnings and revenue compare to its market cap?
SUMO fundamental statistics
Market capUS$1.49b
Earnings (TTM)-US$124.81m
Revenue (TTM)US$300.67m
5.0x
P/S Ratio
-12.0x
P/E Ratio

Is SUMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SUMO income statement (TTM)
RevenueUS$300.67m
Cost of RevenueUS$97.23m
Gross ProfitUS$203.44m
Other ExpensesUS$328.26m
Earnings-US$124.81m

Last Reported Earnings

Jan 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-1.01
Gross Margin67.66%
Net Profit Margin-41.51%
Debt/Equity Ratio0%

How did SUMO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/05/14 03:30
End of Day Share Price 2023/05/11 00:00
Earnings2023/01/31
Annual Earnings2023/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sumo Logic, Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William Kingsley CraneBerenberg
Gray PowellBTIG
Brent ThillJefferies LLC