Why Sumo Logic Stock Fell Sharply on Friday

Shares of cloud-based data intelligence company Sumo Logic (NASDAQ: SUMO) took a hit on Friday. The stock fell as much as 14.7% but was down 10.3% as of 2:25 p.m. EDT.

The stock's gain follows the cloud log management specialist's fiscal second-quarter earnings release. Shares are likely down, in part, due to some concerns from the earnings report, as well as two analysts' moves to downgrade their ratings for the stock.

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Source Fool.com