Home Equities Score Sumo Logic Inc (SUMO) stock faced fluctuation on Wednesday?

Sumo Logic Inc (SUMO) stock faced fluctuation on Wednesday?

Sumo Logic Inc. (SUMO) stock plummeting is continuing since yesterday and as of this writing, it has lost 3.00% in Thursday’s pre-market session. SUMO shares lost 1.21% in after-market on Wednesday, June 2, 2021, and closed the day at $18.75 per share. Earlier in the morning session, SUMO’s stock gained 0.85% to close Wednesday’s normal trading session at $18.98. SUMO shares have moved up by 2.21% in the past week. Over the past three months, the stock has lost 32.89%, while over the past six months, it has declined 27.56%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Let’s discuss its recent news and developments.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Upcomingfirst quarter fiscal 2022 earnings announcement

Sumo Logic is going to announce its financial results for the first quarter ended April 30, 2021, after market close on Thursday, June 3, 2021. The company will host a conference call on the same day beginning at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss financial results and business highlights.

Read More

Sumo Logic acquiring Sensu

On June 02, 2021, Sumo Logic entered into an agreement to acquire Sensu, Inc to fast-track Sumo Logic’s observability strategy by providing customers with an affordable, extensible, and scalable end-to-end solution for infrastructure and application monitoring.

Sumo Logic and AWS collaboration

On June 01, 2021, Sumo Logic announced the availability of a new multi-cloud and hybrid threat protection offering powered by Amazon Web Services, Inc. (AWS).

Sumo Logic Cloud SIEM Powered by AWS, is built on the Sumo Logic Continuous Intelligence Platform. The new solution is available in AWS Marketplace and provides deep insights to eliminate security blind spots.

Completes acquisition of DFLabs

On May 25, 2021, Sumo Logic completed the acquisition of DF Labs S.p.A., The combination of Sumo Logic’s Cloud SIEM built on the Continuous Intelligence Platform™ and DFLabs will provide customers of varying sizes and maturities with comprehensive cloud-native security intelligence solutions.

Participation in the investor conference

Sumo logic recently participated in the J.P. Morgan Global Technology, Media, and Communications Conference which was held on Monday, May 24, 2021.

Sumo Organizations revealed by Sumo Logic

On May 05, 2021, Sumo Logic announced Sumo Organizations, which is a new multi-account management solution that enables managed service providers (MSPs), managed security service providers (MSSPs) and managed detection and response (MDRs) providers to increase visibility and control of observability and security intelligence across their managed operations, departments and teams.

Fourth Quarter Fiscal 2021 Financial Results

On March 10, 2021, Sumo Logic announced its financial results for the fourth quarter and fiscal year 2021, which ended January 31, 2021.

Q4 2021 financial highlights

  • In Q4 2021, revenue was $54.2 million compared to $44.3 million in Q4 2020
  • gross profit was $39.8 million in Q4 2021 compared to $28.9 million in Q4 2020.
  • GAAP operating loss was $19.6 million in Q4 2021 compared to $34.3 million in Q4 2020
  • GAAP net loss was $20.6 million or $0.20 per share in Q4 2021 compared to a $34.5 net loss or $1.95 per share in Q4 2020.
  • On January 31, 2021, the company had cash and cash equivalents of $404.1 million.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

There was no reason behind its price fluctuation on Wednesday and today company is going to announce its financial results so SUMO stock can either go up or down depending on its financial performance.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

Arrival Inc. (ARVL) stock falls during pre-market trading. Here’s what you should know?

Arrival Inc. (NASDAQ: ARVL) stock plunged by 4.96% at last close while the ARVL stock price declines by 9.68% in the pre-market trading session....

Why Zomedica Corp. (ZOM) stock jumped on Thursday?

Zomedica Corp. (ZOM) shares were climbed 4.04% in after-hours on Thursday, June 17, 2021, and close the day at $0.94 per share. Earlier, ZOM's...

Novan Inc. (NOVN) stock plunged during pre-market. Let’s find out why?

Novan Inc. (NASDAQ: NOVN) stock declined by 9.36% at last close while the NOVN stock price plunged by 18.77% in the pre-market trading. Novan...

Why Toughbuilt Industries Inc (TBLT) stock went up on Wednesday?

Toughbuilt Industries Inc (TBLT) stock jumped 12.35% in the after-market on Wednesday, June 16, 2021, and close at $0.96 per share. Earlier in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam