Continuous intelligence company Sumo Logic Inc (NASDAQ: SUMO) was on the move on Tuesday and managed to record gains of as much as 5.5%.
The rally in the stock could be a consequence of the fresh updates that had been provided by the company last week. The updates in question were related to the company’s Sumo Logic Observability Suite product. The company announced a slew of new updates that included service dashboards, Root Cause Explorer solution extension, and service maps among others.
The new updates for the product are going to make it far more effective and could help Sumo’s clients in handling complex systems better. Bruno Kurtic, who is Founding Vice President of Strategy and Solutions at the company spoke about the updates as well. He stated that the company and its management are excited about the expansion of the scope of its observability suite. He went on to state that the suite of products is also going to help its clients in achieving reliability in its applications. The company is all set to report its fourth-quarter and full-year earnings after market close today.
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