Everbridge (NASDAQ:EVBG) Releases Q2 2021 Earnings Guidance

Everbridge (NASDAQ:EVBG) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $-0.230–0.220 for the period, compared to the Thomson Reuters consensus estimate of $-0.060. The company issued revenue guidance of $83.70 million-84.10 million, compared to the consensus revenue estimate of $82.66 million.Everbridge also updated its FY 2021 guidance to $-0.200–0.160 EPS.

Several equities research analysts recently commented on the company. Needham & Company LLC reiterated a buy rating and issued a $175.00 price objective on shares of Everbridge in a report on Wednesday, April 7th. Zacks Investment Research downgraded Everbridge from a buy rating to a sell rating in a report on Monday, May 24th. Credit Suisse Group reiterated a neutral rating and issued a $145.00 price objective on shares of Everbridge in a report on Monday, March 29th. JPMorgan Chase & Co. upgraded Everbridge from a neutral rating to an overweight rating and set a $200.00 price objective for the company in a report on Friday, February 19th. Finally, Northland Securities lifted their price objective on Everbridge from $155.00 to $165.00 in a report on Friday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $164.78.

Shares of Everbridge stock traded down $0.11 during trading hours on Friday, reaching $122.26. 3,307 shares of the stock traded hands, compared to its average volume of 518,785. The business’s 50 day moving average is $123.26. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of -47.80 and a beta of 0.74. Everbridge has a one year low of $100.17 and a one year high of $178.98. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.79.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 10th. The technology company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.29. Everbridge had a negative return on equity of 13.18% and a negative net margin of 30.50%. The firm had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $75.61 million. During the same period in the previous year, the firm earned ($0.16) EPS. The business’s quarterly revenue was up 39.6% on a year-over-year basis. On average, sell-side analysts expect that Everbridge will post -1.92 EPS for the current year.

In other news, CFO Patrick Brickley sold 13,548 shares of Everbridge stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $112.90, for a total transaction of $1,529,569.20. Following the transaction, the chief financial officer now directly owns 31,880 shares of the company’s stock, valued at approximately $3,599,252. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.44% of the stock is owned by insiders.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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.

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