Thus, the stage is set for explosive growth in the Intelligence Economy over the next 5 to 10 years. Sumo Logic has a one year low of $16.71 and a one year high of $46.37. BB stock actually dropped for most of the last 7 years, resting at a stock price of around $5. $SUMO has high revenue and an immense growth potential although it may be a pipe dream, the IT-market is fierce with competition but at the moment $SUMO is holding a steady hand, and has been hovering around $28-$30 for the past month. ET by Tomi Kilgore Sumo Logic Q3 free cash flow negative $18.7 mln; FactSet consensus negative $17.6 mln As that happens, Sumo Logic has visibility to turning into a multi-billion-dollar revenue company, with ~80% gross margins and a hyperscalable business model that will those billions of dollars of revenue into hundreds of millions of dollars in profits. Now, for a limited time, you can get in for just $19. 1125 N. Charles St, Baltimore, MD 21201. Do not post your app, tool, blog, referral code, event, etc. 12 Things for Investors to Know as the Roblox IPO Starts Trading >>> READ MORE, Buy the Dip in Digital Turbine Stock for 50% Upside, 3 Big Reasons to Buy the Month-Long Dip in Plug Power Stock, Square’s Buyout of Jay-Z’s Tidal Is an Alarming Bull Call, 3 Psychedelic Stocks to Buy for HUGE Gains in the Shroom Boom, 7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening, Here’s Why Shopify Stock Is a Great Buy Right Now, It’s Best to Leave Sundial Stock for the Gamblers, The Very Good Food Company Is a 10X Stock in the Making. $SUMO seems to be a long term play, growth is slow and steady. I expect the company will continue growing at a steady pace, and may reach $40 by the end of the year, attributing to the revenue growth. Established company on the brink of profitability, trading at a low P/S relative to the industry. InvestorPlace’s brand-new and highly controversial newsletter is rocking the industry, delivering one breakthrough stock recommendation each and every trading day delivered straight to your inbox. For example, Nintendo (OTCMKTS:NTDOY) uses Sumo Logic to programmatically track cybersecurity data and identify cybersecurity threats. When secure, flexible and predictable performance really matters, thousands of customers rely on the deep commitment and responsiveness of Sumo Logic’s people to deliver the goods. Sumo Logic has truly created a one-to-many data analytics platform that has ubiquitous appeal and infinite applications. Find the latest Sumo Logic, Inc. (SUMO) stock discussion in Yahoo Finance's forum. Reddit, r/investing and its moderators assume no responsibility for the accuracy, completeness or objectivity of the information presented on r/investing. Wall Street was not impressed, sending SUMO stock down near 19% after the Q3 print. Subscribe to the Crunchbase Daily. Although there’s a lot of risks involved. Should you be buying SUMO stock or one of its competitors? This has been asked and answered many times in the past. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. Sumo Logic Inc.(NASDAQ:SUMO): The emergence of remote working arrangements amid the COVID-19 pandemic has driven a significant increase in demand for cloud computing services. Analyst projections state that SUMO … Additionally do not just make a self post to offer some simple thoughts. The cloud management software company set its IPO price at $22 per share on Wednesday, after setting a range of between $17 and $21. The firm’s 50 day simple moving average is $34.24. 3) This is an open forum but we expect you to conduct yourself like an adult. Sumo Logic has raised at least $340 from private venture leading up to their IPO. Walmart(WMT): The upcoming $1T market cap stock. You are responsible for your own investment decisions. Freshly public hypergrowth data software company Sumo Logic (NASDAQ:SUMO) just released its first earnings report as a public company. Article printed from InvestorPlace Media, https://investorplace.com/hypergrowthinvesting/2020/12/buy-the-earnings-dip-in-sumo-stock/. Sumo Logic Inc., (Nasdaq: SUMO), is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to … Because the stock sprinted higher into the print. use the following search parameters to narrow your results: 1. Sumo Logic joins the Wall Street IPO parade, pricing its shares at a higher-than-expected $22 each in an offering that is expected to net the company $326 million. 2. I suspect he is implementing a similar model with Blackberry. Sumo Logic’s third quarter earnings report broadly underscored that this company is only gaining momentum in the Intelligence Economy revolution. [–]AutoModerator[M] [score hidden] 1 month ago stickied comment (0 children). How do I get started in the Stock Market? Founded in 2010, Silicon Valley startup Sumo Logic raised $340 million in funding from big names like Sequoia, DFJ, and Franklin Templeton (one of our core dividend growth stock holdings).The first two sentences of Sumo Logic’s S-1 filing should tell us what this company does, but fail miserably in that respect.. Sumo Logic empowers organizations to close the intelligence gap. 502,669 shares of the stock were exchanged, compared to its average volume of 966,452. Do not make posts looking for advice about your personal situation. The CPI report didn't just reduce fears of inflation - it's actually a massive bullish signal. If your question likely has a "right answer", is a beginner topic, you simply need help finding general intro to investing information, or if it's asking for general input on what to do with your investments then post in the "Daily Advice Thread". And if your post should have been a google search then it will likely be removed. Sumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. It’s essentially one foundational data hub with many value-additive applications across the enterprise. Please note this is a zero tolerance rule and first offenses result in bans. Buy the Earnings Dip in Sumo Logic Stock SUMO stock is a long-term winner worth buying on near-term weakness By Luke Lango , InvestorPlace Senior Investment Analyst Dec 7, … A 2020 Forrester Consulting Survey found that data-driven organizations are 58% more likely to beat revenue goals than their non-data counterparts. Sumo Logic Company Profile I see it as a good long term investment towards ~ 2025. Sumo Logic, Inc. (Nasdaq: SUMO), is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to … Original Sourcing: articles posted must be from the orignal source on a best efforts basis This means if CNBC is reporting on something WSJ reported on we expect you to post the original article. For the first 7 years, the SP remained at around $10 a share. This includes beginner questions and portfolio help. Get Sumo Logic Inc (SUMO:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Making your own post devoid of in depth examination will likely result in it being removed. Copyright © 2021 InvestorPlace Media, LLC. [–]nameichoose 2 points3 points4 points 1 month ago (0 children). SUMO 25.96 1.64 (5.94%). Congrats to holders who have enjoyed the ride; but I would diversify into some other names at this valuation. All rights reserved. At last check, Sumo … © 2021 reddit inc. All rights reserved. Chen joined Blackberry in 2013. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Companies in the industry of "prepackaged software" are considered alternatives and competitors to Sumo Logic, including Elastic (ESTC), Appian (APPN), Dropbox (DBX), Paylocity (PCTY), RealPage (RP), and Guidewire Software (GWRE). "now is the time to buy", "here's my thoughts", etc. [3] Headquartered in Redwood City, California, Sumo Logic was founded in April 2010 by ArcSight veterans Kumar Saurabh and Christian Beedgen, and has received funding from Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners, Sequoia Capital, Sapphire Ventures, Sutter Hill Ventures, angel investor Shlomo Kramer, Battery Ventures, Tiger Global Management and Franklin Templeton. Please contact the moderators of this subreddit if you have any questions or concerns. Off topic comments, attacks or insults will not be tolerated. By consequence, the Intelligence Economy will one day be ubiquitous. r/investing does not endorse any recommendation or opinion made by any member, nor do any users or moderators of r/investing advocate the purchase or sale of any security or investment. Sumo logic has seen an average of ~ 30% since being founded in 2010. Nasdaq SumoLogic is emerging as a mission-critical component of the Intelligence Economy revolution. View Sumo Logic, Inc. SUMO investment & stock information. Sumo Logic (NASDAQ:SUMO), which is riding a strong wave of tech initial public offerings (IPOs) in the wake of Snowflake's splashy arrival, is slated to make its stock … Despite all that, the SUMO stock price today puts the company’s market capitalization at just $2.5 billion. Click here to find out how. Keep discussions civil, informative and polite. The consensus among Wall Street research analysts is that investors should "buy" Sumo Logic stock. and join one of thousands of communities. Shares of Sumo Logic stock traded down $1.32 on Friday, reaching $29.50. Management also guided for Q4 revenues to come in above expectations, and rise more than 20% year-over-year. Sumo has roughly double the P/S ratio and about the same revenue growth rate. SUMO, Sumo Logic Inc - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines belong as comments to existing posts. 2) Important: We have strict political posting guidelines (described here and here). We generally expect that your topic incites responses relating to investing. That’s an absolute steal, for a hypergrowth Big Data company with as much upside potential as SumoLogic. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Sumo Logic ’s stock closed its first day of trading on the Nasdaq at $26.88, or 22 percent above its IPO price.. By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. I am a bot, and this action was performed automatically. That’s a steal. Posts that are strictly self-interested or intended to "build awareness" are not acceptable. Sumo Logic sold 14 million shares at $22 apiece, and all the shares were sold by the company itself. Sumo Logic, Inc. (NASDAQ:SUMO): Trading Information. 7. Posts must be news items relevant to investors. Chen worked as the CEO of Sybase for 10 years. 6. 98.7% Accuracy to Date – Gains Up to 466.78%. 2,669 Get the latest Sumo Logic, Inc. SUMO detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Rendered by PID 1221 on r2-app-0ea26910eca041ad6 at 2021-03-10 16:23:49.011198+00:00 running 2c12311 country code: US. Share your opinion and gain insight from other stock traders and investors. If enough people get on one stock, it will surge. Zooming out, SUMO stock is a long-term winner that deserves to be in any and all growth stock portfolios. Sumo gave outlook for both the current quarter and full fiscal year. Thus, we just have some near-term “buy the rumor, sell the news” dynamics at play here. SumoLogic is emerging as a mission-critical enterprise software component of this explosive revolution. Yet, only 31% of companies today consider themselves data-driven, while 92% of companies are increasing their pace of investment in AI and big data. 2021 InvestorPlace Media, LLC. Its indicated price range had been $17 to $21 per share ahead of the formal pricing. Sumo Logic's stock tumbles 11.3% after Q3 results Dec. 7, 2020 at 12:06 p.m. Investor Relations Sumo Logic is the pioneer in continuous intelligence, a new category of software enabling organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications and cloud computing. Providers of these services, for example Sumo Logic (SUMO) and Splunk (SPLK), are well-positioned to continue thriving because the shift to cloud platforms is expected to increase this year. Likewise if you're asking about a given feature at a broker then direct those questions to the broker not Reddit. If they execute well I could see this being a 25% per annum return for each of the next 5 years - even factoring in temporary market pullbacks. If anyone is writing an article based on a Bank/investment group news release/white paper post the actual paper and not journalism surrounding it. 1125 N. Charles St, Baltimore, MD 21201. This is my own opinion regarding $SUMO. Here is my research. Spotify (SPOT) DD. Effort: Posts must meet standards of effort: Do not post just an article, highlight the parts of the article you find relevant or offer some commentary surrounding the article. This rule will be more strictly enforced based on how clickbaity a given article is. $SUMO may be a worth it, long term. Ulta (NASDAQ:ULTA) uses Sumo Logic to improve back-end operations and product assortment. Strictly no self-promotional threads. [3] Gross margins rose four points in the quarter to 77%. 98.7% Accuracy to Date – Gains Up to 466.78%. This future is inevitable, because (somewhat obviously) AI-powered and data-driven decision making leads to better outcomes. Sumo Logic made its trading debut on the Nasdaq Thursday, with the stock initially jumping more than 20%. Sumo Logic Inc. SUMO, -1.63% shares fell Monday after the data analysis company reported its first results as a public company. Ramin Sayar, president and CEO of Sumo Logic… SUMO stock is a long-term winner. Instead, let’s look at the big picture here. Three years later, the SP was at $100 a share. The Sumo Logic stock valuation is over $1 billion. 4. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. it has picked up increased sentiment and chatter around AAPL. Go to Reddit read about GME, it has been crazy shit . When they do, SUMO stock will find its footing, and proceed on its longer-term march higher — so buy the dip. Meanwhile, margins are tracking in the right direction, which is very important because it shows that this hyperscalable software company will benefit in a big way from economies of scale over the next few years. Find the latest Earnings Report Date for Sumo Logic, Inc. Common Stock (SUMO) at Nasdaq.com. [4][5] As of May 2019, the company has collected VC funding totaling $345 million.[5]. We are sprinting into the Intelligence Economy — a new era wherein companies and persons become smarter with the help of data, AI and algorithms. InvestorPlace’s brand-new and highly controversial newsletter is rocking the industry, delivering one breakthrough stock recommendation each and every trading day delivered straight to your inbox. Broadly, that means that SumoLogic is going to increasingly cut out a bigger share for itself in the $3.8 trillion global IT spending pie. Third quarter revenues topped expectations, and rose 28% year-over-year — a very impressive mark considering we are still in the midst of a pandemic which has “leaned up” enterprise spending. This is nothing more than a near-term correction in a long-term winner. Please consult with a registered investment advisor before making any investment decision. Netflix (NASDAQ:NFLX) uses Sumo Logic to aggregate, track, and manage incident report data, and ultimately optimize the consumer experience. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. $SUMO is currently expanding its market platform to reach more market opportunities, at the moment $SUMO still has a hand over competitors. Get an ad-free experience with special benefits, and directly support Reddit. The company’s third-quarter numbers and fourth quarter guide — which broadly smashed expectations and included big revenue growth and substantial profit margin expansion — underscored that this “big picture bull thesis” on SUMO stock remains alive and well. They have so much work to do, but they have such a tiny piece of the addressable market and a solid product. SUMO stock is just dropping because it got overheated heading into the report. Sumo Logic NASDAQ Updated Mar 8, 2021 7:01 PM. WSJ guide on how to pick a financial planner, It's about time in the market, not market timing, Vanguard's thoughts on lump-sum investing, A huge list of the best books on investing, I'm new to investing, what should I do? We are not a politics or general "corporate" news forum. View analyst ratings for Sumo Logic or view top-rated stocks. A high-level overview of Sumo Logic, Inc. (SUMO) stock. 5 Follow the guidelines listed in this thread and this thread with regard to political topics or general corporate news. Disagree, argue, criticize, but no personal attacks. Violations will result in a likely 60 day ban upon first instance. Now, for a limited time, you can get in for just $19. This is actually my top stock pick at the moment. The company has created a robust, end-to-end enterprise software platform which aggregates and unifies all of a company’s machine data into one place, so that the data can be easily monitored, transferred, edited, and analyzed. Basically, so long as revenues keep charging higher, profit margins will, too, providing a double boost for profits. These dynamics will pass. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. In the days leading up to the Q3 report, SUMO stock surged as much as 30%. A Smart Bet. This earnings plunge is a near-term selloff. There are currently 3 hold ratings and 7 buy ratings for the stock. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. And soon. Ex-large customer revenue grew 28% Y/Y to … All rights reserved. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. Find real-time SUMO - Sumo Logic Inc stock quotes, company profile, news and forecasts from CNN Business. Hi, welcome to /r/investing. The shares opened at $26.64, ahead of the $22 at which it … Sumo Logic (SUMO-12.9%) shares down despite Q3 earnings beat.Shares were up 75% from late-October lows going into today's session. In the big picture, SumoLogic is emerging as a mission-critical enterprise software component of the Intelligence Economy revolution. 3. More impressively, operating margins improved 37 points year-over-year in Q3 to just -4% — bringing net loss dollars close to the flatline. Usually, near-term selloffs in long-term winners are great buying opportunities. That's great for a 10-year-old startup. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 1221 on r2-app-0ea26910eca041ad6 at 2021-03-10 16:23:49.011198+00:00 running 2c12311 country code: US. Sumo Logic people are imagining and developing the next way to do it, every day. Jm2c. Shares of Sumo Logic climbed after the data-analytics provider's initial public offering. My algorithm tracks chatter and sentiment of stocks on social media. To that end, as the Intelligence Economy comes into its own over the next few years, Sumo Logic will experience explosive growth — and SUMO stock will charger higher. Sumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumo Logic in the last year. This would include most "ask reddit" style questions. Year-to-date, gross margins are up one point. Competitors Sumo Logic (NASDAQ:SUMO) Vs. ESTC, APPN, DBX, PCTY, RP, and GWRE. Copyright © So let these near-term “buy the rumor, sell the news” dynamics play out, and be ready to buy the dip once the dust settles. quotes delayed at least 15 minutes, all others at least 20 minutes. Use the search function or check out. All in all, Sumo Logic’s third quarter earnings report was very good. For a moment, forget the earnings report. We generally expect that people who come here are not using the forum to build a brand, generate clicks, or shill. The consensus price target as assigned by Wall Street analysts is $32.22, which translates to bears needing to reduce their stock price by -6.36% from its current value.
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