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Sumo Logic, Inc. (SUMO)

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25.64+2.07 (+8.78%)
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Neutralpattern detected
Previous Close23.57
Open23.83
Bid25.10 x 1100
Ask25.90 x 4000
Day's Range23.83 - 25.90
52 Week Range16.71 - 28.45
Volume1,522,233
Avg. Volume1,485,301
Market Cap2.53B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateDec 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est28.00
  • Research from Sumo Logic Highlights the Acceleration of Digital Transformation, Modern Applications, and Architectures During COVID-19 Global Pandemic
    GlobeNewswire

    Research from Sumo Logic Highlights the Acceleration of Digital Transformation, Modern Applications, and Architectures During COVID-19 Global Pandemic

    5th Annual Continuous Intelligence Report Reveals Increase in Multi-Cloud Adoption, Heightened Requirements of Cloud Architectures, Security and More, Underscoring the Need for Real-time Analytics to Drive World-class Customer ExperiencesREDWOOD CITY, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Sumo Logic, (Nasdaq: SUMO), the pioneer in continuous intelligence, today released exclusive findings from its highly-anticipated fifth annual report. ”The Continuous Intelligence Report: The State of Modern Applications, DevSecOps and the Impact of COVID-19” provides an inside look into the state of the modern application technology stack, including changing trends in cloud and application adoption and usage by customers, and the impact of COVID-19 as an accelerant for digital transformation efforts. “This year was unlike any other that we have witnessed with a significant shift in organizations’ technology priorities, in part as a result of the COVID-19 pandemic,” said Bruno Kurtic, founding VP of strategy and solutions at Sumo Logic. “This continued acceleration to digital further fueled key trends including multi-cloud adoption, an expanding threat landscape, and the need for improved collaboration across DevSecOps, as companies quickly made changes to adapt to new business demands. The need for continuous intelligence is even more critical as digital businesses require real-time analytics in order to deliver high performance, highly scalable, always-on digital services to speed decision making and drive the best customer experiences.””The Continuous Intelligence Report: The State of Modern applications, DevSecOps and the Impact of COVID-19” now it its 5th year, provides data-driven insights, best practices and trends by analyzing technology adoption among more than 2,100 Sumo Logic customers who run massive mission-critical modern applications on cloud platforms like AWS, Azure, and Google Cloud Platform as well as hybrid cloud infrastructure. Key findings from the report include:Multi-cloud adoption accelerates during COVID-19 pandemic Amidst the COVID-19 pandemic, the adoption of modern cloud services has surged. As businesses faced upheaval, many have turned to these platforms to support new and changing ways of doing business. * Multi-cloud adoption grew by 70% year over year, outpacing previous 12 months that saw 50% growth. * Enterprises are increasingly turning to modern cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), to deliver high quality and secure applications to their customers.Modern cloud architectures become a reality As more enterprises become dependent on the cloud, they’re shifting to a more “modern architecture.” This transition focuses on an application stack that consists of new tiers, technologies, and microservices. * The typical AWS application has as many as 26 services (up from 15 last year) and is deployed across two or more regions and two or more accounts. * Over 40 percent of Sumo Logic’s AWS customers are using container orchestration. * Kubernetes is fast becoming the default app platform, with over 85% of businesses choosing Kubernetes to build and operate applications across multiple clouds. * Additionally, serverless architecture is continuing to grow, and AWS Lambda adoption is now at 37 percent.Security landscape dramatically shifts during COVID-19 pandemic The security threat landscape has changed since the start of the COVID-19 pandemic, requiring a more rigorous and adaptive security processes and solutions. Securing cloud workloads requires adoption of both cloud-native security technologies and consuming available cloud data sources. * AWS customers adopted CloudTrail (60 percent), VPC Flow Logs (34 percent), and GuardDuty (22 percent) to meet this need. Additionally, the patterns of attack have changed throughout the course of the pandemic. The largest jump in attack origin came from Russia and India. * Based on Sumo Logic’s Global Intelligence for AWS, AWS regional centers in the U.S. and E.U. are top targets for attackers.The WFH era reinforces the need for DevSecOps to break the silos The continued expectations for DevOps to improve the release and updates of apps and services has challenged siloed teams - given their remote working situations. It's important that distributed development teams leverage analytics and insights to optimize the entire end-to-end software development and delivery process and improve the continuous intelligence of their organizations.As the modern application stack continues to be reshaped by multi-cloud, open source technologies, and factors from extenuating circumstances like COVID-19, companies need a strategy to address this growing complexity. The answer lies in continuous intelligence, a new category of software that leverages real-time analytics and insights from a single, cloud-native platform across multiple use cases to speed decision-making, and drive world-class customer experiences. Sumo Logic’s Continuous Intelligence Platform™ provides this as a cloud-native delivered as a service.Download a full copy of the report here.Report Methodology ”The Continuous Intelligence Report: The State of Modern applications, DevSecOps and the Impact of COVID-19” is developed using data from more than 2,100 Sumo Logic customers running applications across all major cloud platforms and on-premise environments. All individual customer data is anonymized. Customers use Sumo Logic to manage production applications and underlying infrastructure. Hence, this report provides a snapshot of the production application state. Given the large sample size of enterprises, the data in this report is a reflection of the overall industry trends. This report assumes that an application or infrastructure is used in production if it appears as a source of data or is queried/analyzed by a paying customer.                                                      Additional Resources * Read our blog for the key trends impacting the modern application technology stack * Sign up for a free trial of Sumo LogicAbout Sumo Logic Sumo Logic Inc. (Nasdaq: SUMO) is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.Media Contacts Melissa Liton Sumo Logic mliton@sumologic.com (650) 814-3882

  • Sumo Logic Integration with New AWS Network Firewall Service to Provide Visibility and Data Security Across Amazon Virtual Private Clouds
    GlobeNewswire

    Sumo Logic Integration with New AWS Network Firewall Service to Provide Visibility and Data Security Across Amazon Virtual Private Clouds

    New Integration with Sumo Logic Cloud SIEM Delivers Real-Time Insights of AWS-Native Network Traffic and Automated Correlation of Threats Surfaced by AWS Network FirewallREDWOOD CITY, Calif., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), the pioneer in continuous intelligence, today announced its Cloud SIEM solution now integrates with AWS Network Firewall, a new managed service that makes it easy to deploy essential network protections for all of your Amazon Virtual Private Clouds (Amazon VPCs) on Amazon Web Services (AWS). As organizations continue to ingest and collect more data, SecOps professionals are struggling to quickly detect, investigate and remediate cloud-based security issues. This integration provides security professionals real-time visibility into network traffic and automated correlation of threats surfaced by the AWS Network Firewall service, reducing the time to detect, investigate, and remediate security issues. “As organizations continue to accelerate their digital transformation journeys, they have to address new issues and elevate their security data infrastructure to keep up with changing user, device, and network activity,” said Andrew Thomas, General Manager, Perimeter Protection, Amazon Web Services, Inc. “AWS Network Firewall makes it easy for customers to deploy essential network protections for all of their VPCs. Together with Sumo Logic’s cloud-native SIEM solution, users can significantly reduce enterprise attack surfaces through automated threat correlation, resulting in quicker time to remediation.”Sumo Logic’s Cloud SIEM solution provides real-time visibility into network traffic and automated correlation of threats surfaced by AWS Network Firewall, and together deliver enhanced security benefits to joint customers including: * Automated security operations - Automatically generate actionable insights—not just prioritized alerts—enriched with user, device and network context across all of your AWS and any hybrid on-premises and cloud data sources. * Threat insights \- Correlate threats and events automatically from AWS Network Firewall with events across your infrastructure, application, and security vendors to investigate root causes. * Rapid response - Reduce time to detect, investigate, and remediate security issues surfaced from your AWS Network Firewall rule events and alerts. * Powerful search and investigation - Provide security insights with foundational correlation, and deep search-based investigation along with the solution’s rich data visualization with out-of-the-box content and customizable dashboards. * Low total cost of ownership and fast time-to-value - Achieve a low total cost of ownership and rapid time-to-value thanks to our AWS-native platform and economic licensing model. “Security teams continue to be bombarded with too many security alerts and lack the proper visibility to see directly into evolving threats and trends across network traffic,” said Greg Martin, General Manager, Security Business Unit, Sumo Logic. “We’re excited our Cloud SIEM solution now supports AWS Network Firewall to provide the continuous intelligence needed across AWS-native traffic for deep analytics and automated correlation to help security and DevSecOps teams modernize their security practices.”Sumo Logic's Cloud SIEM is a cloud-native solution that addresses the challenges facing today’s modern SOC by automating the manual work for security analysts, saving them time and enabling them to be more effective by focusing on higher-value security functions. Sumo Logic Cloud SIEM provides real-time insights and continuous intelligence SOC teams can use to quickly identify evidence of compromise and improve their ability to respond quickly by understanding the impact of an attack. This removes common technology limitations that burden a SOC's efficiency and ability to mitigate risk.Sumo Logic’s integration with AWS Network Firewall is now generally available to both Sumo Logic and AWS customers. For more information, visit the Sumo Logic App for AWS Network Firewall page.Additional Resources * Learn more how Sumo Logic supports AWS Network Firewall * See Sumo Logic’s Cloud SIEM up close * Experience Sumo Logic’s Cloud SIEM for yourself with a custom demo About Sumo Logic Sumo Logic Inc. (Nasdaq: SUMO), is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.Media Contacts Melissa Liton Sumo Logic mliton@sumologic.com (650) 814-3882

  • Sumo Logic Announces Upcoming Investor Conference Participation
    GlobeNewswire

    Sumo Logic Announces Upcoming Investor Conference Participation

    REDWOOD CITY, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Sumo Logic, (Nasdaq: SUMO) the pioneer in continuous intelligence, announced today that members of its management team will present at the following investor conferences: * The RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference, November 18th at 1:20 PM Eastern Time * The Jefferies Virtual Public Cloud Summit, November 30th at 1:00 PM Eastern Time * The Morgan Stanley Future of App Development Conference, December 9th at 12:00 PM Eastern Time Webcasts of these events will be available on the investor relations section of the company’s website at http://investor.sumologic.com.About Sumo Logic Sumo Logic Inc., (Nasdaq: SUMO), is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.Investor Relations Contact Paul Thomas Sumo Logic pthomas@sumologic.com (650) 214-3847Media Contact Melissa Liton Sumo Logic mliton@sumologic.com (650) 814-3882