Sumo Logic Inc
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Company profile

Sumo Logic, Inc., is a machine data analytics company. The Company’s intelligence platform enables organizations to find the solutions through digital transformation, applications, and cloud computing. Its Intelligence Platform also enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and Internet of things (IoT) data. Its Intelligence Platform leverages artificial intelligence and machine learning capabilities and is provided as a multi-tenant cloud service that allows organizations to deliver applications and digital services, protect against security threats, and its business processes in real time. This allows employees across the lines of business, development, information technology (IT), and security teams with the data and insights needed to address the technology and collaboration required for business.

Closing Price
$30.72
Day's Change
-0.30 (-0.97%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.50
Day's Low
29.66
Volume
(Average)
Volume:
988,343

10-day average volume:
1,011,314
988,343

AMD stock gains after Wells Fargo upgrade

12:01 pm ET November 6, 2020 (MarketWatch)
Print

Wells Fargo analyst Aaron Rakers upgraded shares of Advanced Micro Devices Inc. (AMD) to overweight from equal weight Friday, writing that the company's gains in high-performance computing are "underappreciated" even as the broader narrative of AMD share gains is well known. "While AMD's success at hyperscale cloud vendors is the most visible and meaningful volume driver, we think the company's impressive, and we believe somewhat underappreciated, traction within high-performance computing (HPC / supercomputing) has been an important positive validation of the company's architectural positioning / roadmap execution," he wrote in a note to clients. His research found about 30 large supercomputing systems or HPC systems based on AMD's Epyc processors that have been announced over the last few years, noting that "many systems go unannounced." He has a $100 price target on the stock, which is up 2.3% in Friday trading. Shares have gained 85% so far this year as the S&P 500 has risen 8.6%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 06, 2020 12:01 ET (17:01 GMT)

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