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SUMO - Sumo Logic


Spekulatius
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SUMO seems to be a busted IPO, trading around its IPO price of $22 with very little buzz compared to SNOW etc. Their products seems to compete with Splunk and Datadog, I think. Growth has somewhat slowed down and that why it has a lower multiple in terms of P/S.

 

Anyone here has an opinion on this company and their products? I don’t understand this market well, but I know that busted IPO’s can be worth owning. I guess a P/S of 10x isn’t exactly Graham style value investing, but it could work out if their products are good and they can keep growing.

 

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This is a very crowded space with Spunk and ELK dominating the scene. Sumo is cloud-native and is relatively expensive. I always wondered where Sumo plays. They don't have the features needed for large enterprises (Splunk/Elk do) and they can be pricey for smaller organizations or small organizations don't really pay attention to their logs. Purely anecdotal, in my occasional interaction with log data, I've yet to come across Sumo logic.

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