Sumo Logic Needs Faster Growth And Operating Improvement For Upside

Jan. 03, 2022 5:57 PM ETSumo Logic, Inc. (SUMO) StockSUMO1 Comment

Summary

  • 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.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

Professional IT Technical Support Specialists and Software Programmer Working on Computers in Monitoring Control Room with Digital Screens with Server Data, Blockchain Network and Surveillance Maps.

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A Quick Take On Sumo Logic

Sumo Logic (SUMO) went public in September 2020, raising $326 million in gross proceeds in an IPO that was priced at $22.00 per share.

The firm has created a

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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