In the short term, I see SUMO being a meme stock.
Long term, I think this stock can easily 10x in the next 1-3 years
I think they can eventually be at or better than SPLK's market cap/revenue.
Why
- Platform is easy to adopt and superior (1 year personal experience)
- Search/analytics syntax is significantly easier to use than Splunk
- Out of the box Dashboards (Apps) are very powerful (example: CrowdStrike Integrated Threat Intelligence). I think these can drive sales as they are essentially plug and play
- A lot of integrations and good documentation for developers
- Pricing structure is a lot more business friendly, especially for those who experience major seasonal spikes.
- Excellent personal experience from being interested -> customer -> post customer experience
The biggest hurdle I can see:
I think that a lot of the existing would be enterprise customers are too tightly coupled with competitors (Splunk).
If they can bridge that transition by improving ingesting historical data (offer a waiver for ingesting -90 days worth of data or X gbs), importing dashboards/alerting, etc from competitors, then this can really take off.
Long term, I think this stock can easily 10x in the next 1-3 years
I think they can eventually be at or better than SPLK's market cap/revenue.
Why
- Platform is easy to adopt and superior (1 year personal experience)
- Search/analytics syntax is significantly easier to use than Splunk
- Out of the box Dashboards (Apps) are very powerful (example: CrowdStrike Integrated Threat Intelligence). I think these can drive sales as they are essentially plug and play
- A lot of integrations and good documentation for developers
- Pricing structure is a lot more business friendly, especially for those who experience major seasonal spikes.
- Excellent personal experience from being interested -> customer -> post customer experience
The biggest hurdle I can see:
I think that a lot of the existing would be enterprise customers are too tightly coupled with competitors (Splunk).
If they can bridge that transition by improving ingesting historical data (offer a waiver for ingesting -90 days worth of data or X gbs), importing dashboards/alerting, etc from competitors, then this can really take off.