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 Past Earnings Performance

Past criteria checks 0/6

Sumo Logic's earnings have been declining at an average annual rate of -20.3%, while the Software industry saw earnings growing at 17.5% annually. Revenues have been growing at an average rate of 22.9% per year.

Key information

-20.33%

Earnings growth rate

34.89%

EPS growth rate

Software Industry Growth17.33%
Revenue growth rate22.90%
Return on equity-33.27%
Net Margin-41.51%
Last Earnings Update31 Jan 2023

Recent past performance 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.

Revenue & Expenses Breakdown

How Sumo Logic makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:SUMO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Jan 23301-125225104
31 Oct 22288-130212104
31 Jul 22271-135205103
30 Apr 22256-13119399
31 Jan 22242-12318694
31 Oct 21229-11017988
31 Jul 21219-10317481
30 Apr 21210-8416073
31 Jan 21203-8015470
31 Oct 20193-9415369
31 Jul 20181-9915064
30 Apr 20170-10015060
31 Jan 20155-9214252
31 Oct 19141-7012745
31 Jan 19104-488736
31 Jan 1868-325325

Quality Earnings: SUMO is currently unprofitable.

Growing Profit Margin: SUMO is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SUMO is unprofitable, and losses have increased over the past 5 years at a rate of 20.3% per year.

Accelerating Growth: Unable to compare SUMO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SUMO is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (11.2%).

Return on Equity

High ROE: SUMO has a negative Return on Equity (-33.27%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/05/14 07:35
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