SUMO - SUMO STOCK NEWS

Sumo Logic has launched its Cloud SIEM solution in Tokyo, enhancing capabilities for Japanese organizations to modernize their security operations. The solution aims to combat alert fatigue through analytics and automation, allowing security analysts to prioritize real threats. Hiroaki Kawamura has been appointed as the new Country Manager to drive regional growth. With his extensive experience in cybersecurity, Kawamura aims to accelerate demand for cloud-native security solutions in Japan.

Sumo Logic (Nasdaq: SUMO) has been named a Visionary in the Gartner 2021 Magic Quadrant for Security Information and Event Management (SIEM). This recognition highlights the company's innovative cloud-native approach to security operations, which enhances visibility into organizational security and reduces alert fatigue. Sumo Logic's Cloud SIEM automates processes for security analysts, enabling real-time data analysis and actionable insights. The solution aims to modernize security operations by addressing challenges faced by Security Operations Centers (SOCs) globally.

Sumo Logic (Nasdaq: SUMO) introduced new cybersecurity products and enhancements to strengthen its position in the SIEM and SOAR markets.

The launch included a preview of the Global Intelligence Service for Security Insights, enabling SecOps teams to optimize security postures. Sumo Logic expanded its partner ecosystem with integrations from ServiceNow and Zscaler. The company also announced a new multi-cloud threat protection service powered by AWS. Recent accolades highlight Sumo Logic's leadership in cloud security solutions.

Sumo Logic (SUMO) reported a strong start to fiscal 2022 with first-quarter revenue of $54.2 million, reflecting a 15% year-over-year growth. Revenue, excluding its largest customer, grew 18% year-over-year to $51.0 million. The company posted a GAAP net loss of $26.9 million or $0.26 per share. Looking ahead, Sumo Logic expects second-quarter revenue between $56.1 million and $57.1 million, and full fiscal year 2022 revenue between $233.0 million and $236.0 million.

Sumo Logic (NASDAQ: SUMO) announced a definitive agreement to acquire Sensu, Inc., a leader in open source monitoring. This acquisition aims to enhance Sumo's observability strategy by integrating Sensu's capabilities, providing a cost-effective, scalable solution for infrastructure and application monitoring. The open source services market is projected to grow significantly, reaching nearly $33 billion by 2022. The deal is expected to close in the second quarter of fiscal 2022, subject to customary conditions, marking a strategic move to strengthen Sumo's position in the monitoring-as-code landscape.

Sumo Logic has launched the Sumo Logic Cloud SIEM Powered by AWS, a new solution designed to tackle modern security challenges through improved threat detection and response capabilities. The offering integrates with AWS services, enabling organizations to gain deep security insights and eliminate blind spots in multi-cloud environments. It features machine learning-driven detection and supports automatic prioritization of security threats. The solution caters to enterprises of various sizes, enhancing security operations and providing real-time visibility into security posture for digital transformation.

Sumo Logic has announced the acquisition of DF Labs S.p.A., enhancing its Cloud SIEM with SOAR technology. This strategic move aims to reduce manual tasks and boost threat detection efficiency. The combination will provide customers with comprehensive cloud-native security intelligence solutions tailored for modern digital infrastructures. Dario Forte, DFLabs' founder, will lead the orchestration and automation team within Sumo Logic, expanding its global engineering expertise. The acquisition positions Sumo Logic as a leader in cloud-native security solutions for various business scales.

Sumo Logic (Nasdaq: SUMO) will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 1:15 PM PT. The management team will discuss insights into their pioneering continuous intelligence platform, which aids organizations in navigating digital transformation and cloud computing. Investors can access the event's webcast via the Sumo Logic Investor Relations website. With over 2,100 global customers, Sumo Logic is leading in automating data analysis for modern applications.

Sumo Logic (Nasdaq: SUMO) will announce its Q1 financial results for the period ended April 30, 2021, after market close on June 3, 2021. A conference call will follow at 1:30 PM PT to discuss the results and business highlights. Investors can access the call by dialing (877) 407-0784 domestically or (201) 689-8560 internationally. A replay will be available for two weeks post-call. Sumo Logic delivers a Continuous Intelligence Platform that automates data analysis to help over 2,100 customers efficiently manage modern applications and cloud infrastructures.