Why Sumo Logic Stock Plummeted Today

·2 min read
Why Sumo Logic Stock Plummeted Today
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Shares of Sumo Logic (NASDAQ: SUMO) plummeted today, down by 12% as of 11:10 a.m. EST, after the company reported fiscal fourth-quarter earnings. Sumo Logic also said that it would acquire DFLabs. Revenue in the fiscal fourth quarter was $54.2 million, ahead of the consensus estimate of $52.1 million.