Wall Street analysts predict that Everbridge Inc (NASDAQ:EVBG) will report $29.59 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Everbridge’s earnings, with estimates ranging from $29.44 million to $29.70 million. Everbridge reported sales of $22.84 million during the same quarter last year, which indicates a positive year-over-year growth rate of 29.6%. The company is expected to issue its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Everbridge will report full-year sales of $29.59 million for the current year, with estimates ranging from $135.76 million to $137.10 million. For the next financial year, analysts expect that the firm will report sales of $171.28 million per share, with estimates ranging from $168.49 million to $174.28 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Everbridge.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). Everbridge had a negative return on equity of 36.15% and a negative net margin of 18.82%. The firm had revenue of $29.18 million for the quarter, compared to analyst estimates of $28.49 million. During the same quarter in the prior year, the company earned ($0.03) EPS. Everbridge’s revenue was up 37.1% on a year-over-year basis.
A number of research analysts have weighed in on EVBG shares. Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, November 10th. Bank of America reissued a “buy” rating and set a $38.00 price target (up previously from $30.00) on shares of Everbridge in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target on shares of Everbridge in a research note on Thursday, January 11th. Credit Suisse Group reissued an “outperform” rating and set a $30.00 price target (up previously from $26.50) on shares of Everbridge in a research note on Friday, November 17th. Finally, Canaccord Genuity increased their price target on Everbridge from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $36.56.
Everbridge (EVBG) traded up $1.60 during mid-day trading on Tuesday, reaching $38.51. The company had a trading volume of 767,621 shares, compared to its average volume of 298,743. Everbridge has a 12-month low of $16.63 and a 12-month high of $38.76. The stock has a market cap of $1,040.00 and a price-to-earnings ratio of -52.96.
In other news, SVP Elliot J. Mark sold 958 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $34.78, for a total transaction of $33,319.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Imad Mouline sold 22,900 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $31.73, for a total value of $726,617.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,028 shares of company stock valued at $1,670,778. Insiders own 41.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EVBG. Wells Fargo & Company MN increased its holdings in shares of Everbridge by 21.5% during the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock worth $818,000 after buying an additional 5,946 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Everbridge during the 2nd quarter worth $331,000. Teachers Advisors LLC increased its holdings in shares of Everbridge by 158.6% during the 2nd quarter. Teachers Advisors LLC now owns 30,506 shares of the technology company’s stock worth $743,000 after buying an additional 18,708 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after buying an additional 6,497 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Everbridge by 126.9% during the 2nd quarter. Northern Trust Corp now owns 202,464 shares of the technology company’s stock worth $4,932,000 after buying an additional 113,216 shares during the last quarter. Institutional investors and hedge funds own 80.01% of the company’s stock.
TRADEMARK VIOLATION WARNING: “$29.59 Million in Sales Expected for Everbridge Inc (EVBG) This Quarter” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/16/29-59-million-in-sales-expected-for-everbridge-inc-evbg-this-quarter.html.
Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.
Get a free copy of the Zacks research report on Everbridge (EVBG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.