10 Biggest Price Target Changes For Friday
Wells Fargo lowered the price target on General Motors Company (NYSE: GM) from $67 to $63. GM shares rose 0.7% to $48.78 in pre-market trading.
Why Are Sumo Logic Shares Trading Lower Today?
Piper Sandler analyst Rob Owens downgraded Sumo Logic Inc (NASDAQ:SUMO) from Overweight to Neutral and lowered the price target from $24 to $20, implying fully…
20 Stocks Moving in Friday’s Pre-Market Session
Gainers
IVERIC bio, Inc. (NASDAQ: ISEE) rose 29.6% to $11.26 in pre-market trading. Iveric Bio recently reported inducement grants under Nasdaq Listing Rule 5635(c)(4).
BTIG Downgrades Sumo Logic to Neutral
BTIG analyst Gray Powell downgrades Sumo Logic (NASDAQ:SUMO) from Buy to Neutral.
Piper Sandler Downgrades Sumo Logic to Neutral, Lowers Price Target to $20
Piper Sandler analyst Rob Owens downgrades Sumo Logic (NASDAQ:SUMO) from Overweight to Neutral and lowers the price target from $24 to $20.
Sumo Logic Sees Q3 Adj. EPS $(0.14) vs $(0.15) Est., Sales $60.3M-$61.3M vs $60.05M Est.; Sees FY22 Adj. EPS $(0.52)-$(0.51) vs $(0.56) Est., Sales $236.8M-$238.8M vs $235.02M Est.
inancial Outlook
For the third quarter of fiscal 2022, Sumo Logic expects:
Total revenue between $60.3 million and $61.3 million, representing 16% to 18% growth year
Sumo Logic Q2 Adj. EPS $(0.11) Beats $(0.14) Estimate, Sales $58.80M Beat $56.69M Estimate
Sumo Logic (NASDAQ:SUMO) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.14) by 21.43 percent. The company reported quarterly sales of $58.80 million which beat the