Wall Street brokerages predict that Everbridge (NASDAQ:EVBG) will report $29.59 million in sales for the current quarter, according to Zacks Investment Research. 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 would suggest a positive year over year growth rate of 29.6%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, May 7th.
According to Zacks, analysts expect that Everbridge will report full year sales of $29.59 million for the current fiscal year, with estimates ranging from $135.76 million to $137.10 million. For the next year, analysts expect that the company will post 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 firms that follow Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $29.18 million during the quarter, compared to analysts’ expectations of $28.49 million. Everbridge had a negative return on equity of 33.84% and a negative net margin of 18.82%. The firm’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS.
Several analysts have commented on the company. Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating in a report on Friday, April 6th. BidaskClub cut Everbridge from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Everbridge in a report on Thursday, January 11th. William Blair restated a “buy” rating on shares of Everbridge in a report on Tuesday, December 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target (up previously from $32.00) on shares of Everbridge in a report on Thursday, February 22nd. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.56.
EVBG traded up $0.58 during midday trading on Monday, hitting $37.67. The company’s stock had a trading volume of 62,770 shares, compared to its average volume of 295,774. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market capitalization of $1,051.52, a price-to-earnings ratio of -65.07 and a beta of 0.73. Everbridge has a 52-week low of $20.62 and a 52-week high of $39.12.
In other news, SVP Imad Mouline sold 22,900 shares of Everbridge stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $31.73, for a total value of $726,617.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kenneth S. Goldman sold 816 shares of Everbridge stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.06, for a total value of $26,160.96. The disclosure for this sale can be found here. Insiders sold a total of 65,724 shares of company stock worth $2,233,240 over the last ninety days. Corporate insiders own 41.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its position in Everbridge by 31.9% during the 3rd quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock worth $1,703,000 after acquiring an additional 15,603 shares in the last quarter. Granahan Investment Management Inc. MA acquired a new position in Everbridge during the 3rd quarter worth approximately $5,296,000. Chartwell Investment Partners LLC acquired a new position in Everbridge during the 4th quarter worth approximately $1,435,000. Swiss National Bank acquired a new position in Everbridge during the 4th quarter worth approximately $1,144,000. Finally, JPMorgan Chase & Co. acquired a new position in Everbridge during the 3rd quarter worth approximately $845,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Everbridge (EVBG) Expected to Post Quarterly Sales of $29.59 Million” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/04/12/everbridge-evbg-expected-to-post-quarterly-sales-of-29-59-million.html.
Everbridge Company Profile
Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management, which enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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.