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Sumo Logic (SUMO) to release revenue on Thursday



Sumo Logic (NASDAQ: SUMO) is expected to release its quarterly results after market close on Thursday, June 3. Analysts expect Sumo Logic to post earnings of ($ 0.25) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Sumo Logic (NASDAQ: SUMO) last reported its quarterly results on Wednesday, March 10. The company reported EPS of ($ 0.07) for the quarter, beating analyst consensus estimates of ($ 0.12) by $ 0.05. The company posted revenue of $ 54.20 million for the quarter, compared to the consensus estimate of $ 52.13 million. Sumo Logic’s revenue increased 22.3% compared to the same quarter last year. On average, analysts expect Sumo Logic to post EPS of -1 USD for the current fiscal year and -1 USD for the next fiscal year.

Shares of Sumo Logic stock opened at $ 18.95 on Thursday. The stock has a 50-day moving average of $ 18.60 and a 200-day moving average of $ 25.46. Sumo Logic has a 12 month low of $ 15.80 and a 12 month high of $ 46.37. The company has a market cap of $ 1.95 billion and a PE ratio of -12.55.

SUMO has been the subject of several research reports. Jefferies Financial Group lowered its price target on Sumo Logic from $ 27.00 to $ 19.00 and set a “hold” rating for the company in a research note on Tuesday, May 18. They noted that the move was an appraisal call. Zacks Investment Research upgraded Sumo Logic from a “hold” rating to a “buy” rating and set a price target of $ 22.00 for the company in a research note on Tuesday, May 4. Cowen lowered his price target on Sumo Logic from $ 35.00 to $ 32.00 and established an “outperform” rating on the stock in a research report on Thursday, March 11. Rosenblatt Securities lowered its price target on Sumo Logic from $ 46.00 to $ 44.00 and set a “buy” rating on the stock in a research report on Wednesday, March 17. Finally, BTIG Research lowered its price target on Sumo Logic from $ 42.00 to $ 35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 17. Three research analysts rated the stock with a sustaining rating and eight issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $ 29.00.

In other Sumo Logic news, director Christian Beedgen sold 8,970 shares of the company in a trade on Tuesday, March 16. The stock was sold at an average price of $ 21.66, for a total transaction of $ 194,290.20. The transaction was disclosed in a filing with the SEC, accessible through this hyperlink. Additionally, CAO Jennifer Mccord sold 3,794 shares of the company’s stock in a trade on Tuesday, March 16. The stock was sold at an average price of $ 20.01, for a total value of $ 75,917.94. Disclosure of this sale can be found here. During the last quarter, insiders sold 755,613 shares of the company valued at $ 14,754,507.

About Sumo Logic

Sumo Logic, Inc provides a cloud-native software-as-a-service platform that empowers organizations to meet the challenges and opportunities presented by digital transformation, modern applications, and cloud computing around the world. Its platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data into actionable insights.

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7 sports betting stocks that will shine beyond the madness of March

One of the many consequences of the new coronavirus has been the cessation of live sports. For athletes, one of the most missed events was the NCAA Basketball Tournament, affectionately known as March Madness.

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