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Jul 26, 2021
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Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. Its platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights. The company offers a suite of solutions to address areas, such as operational intelligence, security intelligence, business intelligence, and global intelligence.
This basically means they are a cyber security company. What makes them lucrative though is it's low market cap compared to others in its industry like DataDog (33B MarketCap) and Splunk (22 B) in contrast to Sumo logic sitting at 2.2B.
The stock IPOd at $26 and is sitting at $21. Which is about a 20% discount right now. However what I really like is that SUMO is penetrating the Asian market in Japan as well as managing a portfolio filled with top brand that trust SUMO for data analytics. Some to name; AirBNB, Delta, IBM, Netflix, Zillow.
Sumo logics technology allows customers to view security threats in real time and it's analytics are able to tell which threats need to be dealt with first. In addition, SUMO Logic was named a visionary in the 2021 Gartner Magic Quadrant for Cloud-Native SIEM Approach to Modernizing Security Operations.
All in all I believe SUMO to have a great amount of potential in the next few years and even get to DataDog or Spluk's level. THERES ALOT OF ROOM TO GROW!
POSITIONS. 1000 shares @ $20 https://imgur.com/a/2pv7Ih3