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Sumo Logic, Inc. (SUMO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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21.86+0.37 (+1.72%)
At close: 4:00PM EDT
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  • k
    kathleen
    ServiceNow's stock price is up $20 today after Goldman Sachs added the stock to its conviction buy list. Goldman believes NOW could more than triple its annual revenue by 2026.

    I really like the partnership between NOW and SUMO. Now in beta, the new ServiceNow Security Incidents Response integration combines real-time insights from Sumo Logic’s Cloud SIEM Enterprise solution with ServiceNow’s Incident Reference. I see this partnership as a huge winner for SUMO. Additionally, I like the partnership with Zscaler, one of the top cybersecurity companies, just as much. Sumo Logic integration with Zscaler Private Access (ZPA) is now available with dashboards that assist IT and security ops teams in keeping ZPA healthy and business-critical applications protected.
    Bullish
  • k
    kathleen
    Another major cyberattack today. This is becoming almost a daily event. This time Electronic Arts got hit and had significant intellectual property stolen. There's only a limited number of cybersecurity stocks that you can invest in. The outlook is definitely good here for SUMO.
    Bullish
  • k
    kathleen
    A nice press release out from SUMO this morning. They’re launching new cybersecurity products, and also new partnerships with ServiceNow and Zscaler, 2 heavyweight companies that could end up buying SUMO.
    Bullish
  • S
    SkiKid
    Within 90 days this will be trading 30 a 38 range. I’m taking bets. 😁
  • B
    Big B
    I made a move today that I kids regret right now but hopefully next week there will be a rune to reason. I sold 1000 shares of sumo today, 1/3. Still have 2000 long. Made 5-600 bucks. Been holding sumo awhile now down. Turned around and bought 1000 shares of ramp at a 42.59 average. Sold sumo at 21.59. So I really did myself in on the buy and sell at this point.
    Sumo has rebounded a lot. Ramp has been around awhile. Over sold. Looking for a 2/3 point bounce up in ramp. And a 1/2 point healthy pull back on sumo. That’s my play. If I’m wrong I still have 2000 sumo and 1000 ramp.
  • k
    kathleen
    Seeing some institutional buying this morning. I don't know of any other cybersecurity stock that has valuation as low as SUMO. As SUMO continues to enhance their cybersecurity products, there should be continued buying of the stock. Vanguard bought 400,000 shares in Q1, Needham bought 400,000, Morgan Stanley bought 500,000, Goldman Sachs was a buyer, State Street was a buyer, Neuberger Berman was a buyer. I look for these and other institutions to continue to buy.
    Bullish
  • C
    ComedyClubster
    Can't say the results were spectacular, but at least they met and very slightly exceeded estimates.
  • m
    mark
    I am in the early process of discovering SUMO. I like the price especially for it's potential, as I think businesses like this is the future. Will do my DD and any information is of course welcomed.
  • a
    ak
    I hope we are not range bound again at this price for the next few weeks! Needs to break through $22 this week.
  • b
    baby
    Sumo Logic: Under-The-Radar Play on AI-Based Security
    Wall Street’s Take
    Among the analyst community, SUMO’s stock had 5 Buys and 2 Holds assigned in the past three months, with a consensus of Moderate Buy. The SUMO average analyst price target of $26.29 implies 27% upside potential, with a high forecast of $35.00 and a low of $19.00.
  • a
    almlk
    Today is just a new beginning of the UPTREND. It will go to $30's where it belongs. Remember the 52 week high is $42...Plenty of room to go UP there.
    Bullish
  • a
    ak
    Does anyone know the short interest in $SUMO as of today?
  • t
    tmp
    BREAKs 21.3 to go for 22-22.3
    25 isn't too far.
  • T
    TheBearishBull
    We’re breaking out. Game over for shorts. Company is super undervalued compared to Datadog. The future looks green!
    Bullish
  • B
    Billy Bob
    Hi Everyone, I would like all of us to take a moment to express our condolences to "EXAMPLE" for his major financial losses. I don't know if he just using reverse psychology or not, since he did said 15 days ago that Sumo would going to 28.00 by End of the year, then all of sudden did a major reversal and said this stock was going to tank and he shorted it. Well we all know after the ER came out last Thursday, Sumo has been doing too for us, and will keep doing good for us. So, Please, leave a condolences message to "EXAMPLE" if you hear from him in the comment feed!!!
  • w
    ws
    The old resistance of 21.40 is back. Last time it tried to break it was in March. If it breaks that and moves north, then we are truly in a recovery ride back up.
  • k
    kathleen
    Another major cyberattack over the weekend, this time on a meatpacking company, JBS. SUMO said at the JPMorgan conference last week that cybersecurity is an increasingly important area for them and is now 30-40% of their business. And I see SUMO is out with a press release today on a new cybersecurity product. The valuation of SUMO is, right now, far below the valuation of cybersecurity companies like PANW. But as cybersecurity continues to become a more important part of SUMO's business, the valuation should increase.
    Bullish
  • J
    John Clarke
    Finally we get in $20 again!!
    Bullish
  • T
    Tom
    It will hit > $22.50 soon...Look at the $22.50 Call option volume...
    Bullish
  • 1
    15,000 shares long WISH
    Look, I’m gonna say this right now. This stock in the future either 2/3 years from now is going to be 2-300.00 stock. I know I should not say this in writing. But I’m going to say this now. It’s going to be this value in the future and that’s that.