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SUMO / Sumo Logic stock up 15%; PE heavyweight nears deal for software company, WSJ says

Shares of Sumo Logic Inc. SUMO, +0.91% rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equity firm Francisco Partners is nearing a $1.7 billion deal for the software provider. The deal could be unveiled as soon as Thursday, the report said, citing people familiar with the talks. Read More

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Posted: Feb 8 2023, 17:20

Author Name: Market Watch

SUMO News

By Investors Business Daily
February 24, 2023

Why Software Stocks Are Looking Tasty To Private Equity Firms

Look for private equity firms to keep on targeting software companies in 2023, though rising interest rates could get in the way of some deals for sof

By Pulse2
February 12, 2023

Francisco Partners Buying Sumo Logic For $1.7 Billion: Details (SUMO)

Sumo Logic (Nasdaq: SUMO) announced it entered into an agreement to be acquired for $1.7 billion. These are the details.

By Market Watch
February 8, 2023

Sumo Logic stock up 15%; PE heavyweight nears deal for software company, WSJ says

Shares of Sumo Logic Inc. SUMO, +0.91% rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equ

By WSJ
February 8, 2023

Francisco Partners Nears $1.7 Billion Deal For Software Provider Sumo Logic

Sumo Logic Inc., a data-analytics software provider, is nearing a deal to be sold to private-equity firm Francisco Partners for roughly $1.7 billion.

By Seeking Alpha
January 31, 2023

Sumo Logic Accelerates Plans To Achieve Breakeven

Sumo Logic, Inc. reported its FQ3 2023 financial results on December 5, 2022. The firm provides IT monitoring technologies to organizations worldwide.

By The Motley Fool
January 27, 2023

Why Sumo Logic Stock Zoomed 55% Higher This Week

The cloud services provider could end up going private in a splashy deal.

By Market Watch
January 23, 2023

Sumo Logic stock surges more than 30% on reported buyout interest

Sumo Logic Inc. SUMO, +27.90% stock soared Monday on a report that the data-analytics software company has been approached by private equity firms exp

By Zacks Investment Research
December 26, 2022

Wall Street Analysts See a 50% Upside in Sumo Logic, Inc. (SUMO): Can the Stock Really Move This High?

The mean of analysts' price targets for Sumo Logic, Inc. (SUMO) points to a 50% upside in the stock. While this highly sought-after metric has not pro

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