SUMO - SUMO STOCK NEWS

Sumo Logic has enhanced its Software Development Optimization (SDO) solution by integrating with CircleCI and GitLab. This update allows development teams to gain better visibility into their software delivery lifecycle. Key benefits include optimizing builds and deployments, balancing resources, and identifying bottlenecks in the process. The CircleCI and GitLab applications are available in the Sumo Logic App Catalog, enabling organizations to improve their DevOps capabilities efficiently.

Sumo Logic (Nasdaq: SUMO) announced it will report its third-quarter financial results for the period ending October 31, 2021, after market close on December 6, 2021. The company will hold a conference call at 1:30 PM PT to discuss the results and business highlights. Sumo Logic specializes in continuous intelligence software, providing organizations insights into data challenges related to digital transformation and cloud computing. Over 2,100 customers utilize its platform to enhance their application and cloud operations.

Sumo Logic (Nasdaq: SUMO) has appointed Lynne Doherty as President of Worldwide Field Operations, effective immediately. With over 20 years of experience at firms like McAfee and Cisco, she is expected to enhance the company's go-to-market strategy and global sales. The announcement follows the transition of current Chief Revenue Officer Steve Fitz, who played a significant role in the company’s growth. Sumo Logic aims to capitalize on the growing digital-first market, providing essential real-time data analytics.

Sumo Logic (Nasdaq: SUMO) has been recognized as a leader in the GigaOm Radar Report for Security Orchestration, Automation, and Response (SOAR), achieving 'Exceptional' scores in critical categories such as Integrations, Alert Triage, and Autonomous Improvement.

This accolade highlights the platform’s scalability, flexibility, and effectiveness in improving response times. The report cites Sumo Logic's innovative features, including Supervised Active Intelligence, which enhances incident response accuracy through machine learning.

Sumo Logic (Nasdaq: SUMO) announced enhancements to its Continuous Intelligence Platform during the Illuminate user conference. The updates include advanced analytics for alert response and open XDR, which facilitate data security across cloud and end-user environments. With new features like Sensu Go integration, the platform aims to simplify data collection and improve observability. The enhancements support digital transformation by providing comprehensive security and monitoring tools, addressing growing complexities for enterprises.

Sumo Logic (Nasdaq: SUMO) has released its inaugural Environmental, Social and Governance (ESG) Report, highlighting commitments to ethics, security, and sustainability. Key focuses include alignment with the United Nations Sustainable Development Goals and the Sustainability Accounting Standards Board (SASB) standards. The report emphasizes board oversight of ESG initiatives, diversity and inclusion training for employees, and a comprehensive environmental assessment of corporate operations.

Sumo Logic announced its 5th annual Illuminate user conference, scheduled for Sept. 28-29, 2021. The virtual event will showcase customer stories from notable companies like Airbnb, Alaska Airlines, and SAP, focusing on the challenges of digital transformation and modern applications. Attendees can expect master classes, certification programs, and tracks on observability and security.

Keynote sessions will be available on their investor relations website and provide insights on harnessing continuous intelligence.

Sumo Logic (Nasdaq: SUMO) has expanded its customer base and partner network in Europe, including notable clients like HelloFresh and Catena Media. This initiative supports the company's security and operations goals, as well as business intelligence strategies. The firm is also set to showcase its platform during the Illuminate user conference on September 28-29, 2021. Sumo Logic's cloud-native continuous intelligence platform aids organizations in managing modern applications efficiently. The company has received various accolades, including the Best SIEM Solution at the SC Awards Europe.

Sumo Logic (Nasdaq: SUMO) reported Q2 revenue of $58.8 million, a 19% year-over-year increase. Revenue excluding the largest customer was $54.9 million, up 21%. Despite this growth, the company faced a GAAP net loss of $32.0 million ($0.30 per share) and a GAAP operating margin of (56)%. Sumo Logic announced its acquisition of Sensu, enhancing its observability strategy, and was recognized as a Visionary in Gartner's 2021 Magic Quadrant for SIEM. The company expects Q3 revenue between $60.3 million and $61.3 million, up 16% to 18% year-over-year.