Everbridge (EVBG) Releases Q4 Earnings Guidance

Everbridge (NASDAQ:EVBG) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of ($0.11)-($0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.10). The company issued revenue guidance of $40.7-$41.0 million, compared to the consensus revenue estimate of $39.64 million.

Several brokerages recently issued reports on EVBG. Credit Suisse Group raised their price target on Everbridge from $56.00 to $58.00 and gave the stock an outperform rating in a report on Tuesday, August 7th. Zacks Investment Research raised Everbridge from a sell rating to a hold rating in a report on Friday, August 10th. Northland Securities reissued a buy rating and issued a $55.00 price target on shares of Everbridge in a report on Tuesday, August 7th. Robert W. Baird began coverage on Everbridge in a report on Monday, October 22nd. They issued an outperform rating and a $60.00 price target on the stock. Finally, BidaskClub downgraded Everbridge from a buy rating to a hold rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $51.50.

EVBG traded down $0.63 during trading hours on Monday, hitting $51.21. The company’s stock had a trading volume of 406,736 shares, compared to its average volume of 339,828. Everbridge has a fifty-two week low of $23.87 and a fifty-two week high of $63.00. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $1.52 billion, a P/E ratio of -89.84 and a beta of 1.58.

In related news, Director Kent Mathy sold 33,190 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $47.43, for a total value of $1,574,201.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kenneth S. Goldman sold 815 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $48.58, for a total value of $39,592.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,013 shares of company stock worth $6,690,659. 11.20% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/11/05/everbridge-evbg-releases-q4-earnings-guidance.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.

Further Reading: How to calculate the intrinsic value of a stock

Earnings History and Estimates for Everbridge (NASDAQ:EVBG)

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.

Leave a Reply