|Over a week ago|
Sumo Logic price target raised to $33 from $31 at Piper Sandler » 06:1701/0501/05/21
Piper Sandler analyst Rob…
Piper Sandler analyst Rob Owens raised the firm's price target on Sumo Logic to $33 from $31 and reiterates an Overweight rating on the shares.
|Over a month ago|
Morgan Stanley to hold a virtual conference » 08:4312/1012/10/20
APPN, SUMO, FROG, DDOG
Future of App Development…
Future of App Development Virtual Conference 2020 to be held on December 9-10.
Sumo Logic price target raised to $34 from $29 at BTIG » 08:4012/0812/08/20
BTIG analyst Gray Powell…
BTIG analyst Gray Powell raised the firm's price target on Sumo Logic to $34 from $29 and keeps a Buy rating on the shares. The company posted a "very strong" Q3 set of results and guided Q4 ahead of expectations, the analyst tells investors in a research note. Powell adds that Sumo Logic's billings growth looks to be re-accelerating after being negatively impacted by COVID-19 in the first half of the year, and he is turning more confident in the company's ability to maintain revenue growth of over 20% over the longer term.
Sumo Logic pullback likely due to confusion around earnings timing, says BTIG » 15:4612/0712/07/20
BTIG analyst Gray Powell…
BTIG analyst Gray Powell notes that Sumo Logic shares are down in Monday afternoon trading after the company unexpectedly reported Q3 results around noon, stating that he sees it as likely the pullback is due to confusion around the timing of the release. However, the Q3 results were "much better than expected" and the Q4 outlook was also above Street estimates, said Powell, who views the report as "evidence of a reaccelleration in growth." Despite the "messy optics around the timing of the release," he sees the earnings release as a positive and reiterate his Buy rating on Sumo shares with a $29 price target.
Sumo Logic options imply 16.6% move in share price post-earnings » 15:3412/0712/07/20
Pre-earnings options volume in Sumo Logic is 15.2x normal with calls leading puts 7:3. Implied volatility suggests the market is anticipating a move near 16.6%, or $4.22, after results are released.
Sumo Logic sees FY21 adjusted EPS (79c)-(78c), consensus 0c » 11:5912/0712/07/20
Sees FY21 revenue…
Sees FY21 revenue $200.3M-$200.8M, consensus $196.47M. Sees revenue, excluding its largest revenue customer, between $185.9M-$186.4M, representing 29% growth year-over-year.
Sumo Logic sees Q4 adjusted EPS (13c)-(12c), consensus (15c) » 11:5812/0712/07/20
Sees Q4 revenue…
Sees Q4 revenue $51.8M-$52.3M, consensus $50.82M. Sees revenue, excluding its largest revenue customer, between $49.3M-$49.8M, representing 23% to 24% growth year-over-year.
Sumo Logic reports Q3 adjusted EPS (6c), consensus (24c) » 11:5712/0712/07/20
Reports Q3 revenue…
Reports Q3 revenue $51.9M, consensus $49.12M. "We delivered strong results in our first quarter as a public company as customers continue to choose Sumo Logic's Continuous Intelligence Platform to transform the tsunami of data generated from digital transformation into actionable insights," said Ramin Sayar, president and CEO of Sumo Logic.
Sumo Logic appoints Tracey Newell to board of directors » 09:3612/0712/07/20
Sumo Logic announced the…
Sumo Logic announced the appointment of Tracey Newell to its board of directors as an independent board member to help guide Sumo Logic's growth and market leadership. As President of Informatica's global sales, marketing and customer success teams, she is instrumental in driving Informatica's growth engine.
Jefferies to hold a virtual summit » 04:5512/0312/03/20
Virtual Public Cloud…
Virtual Public Cloud Summit 2020 will be held on November 30-December 3. Webcast Link