Everbridge (NASDAQ:EVBG) Releases FY 2021 Earnings Guidance

Everbridge (NASDAQ:EVBG) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.200–0.160 for the period, compared to the Thomson Reuters consensus estimate of $-0.230. The company issued revenue guidance of $358 million-359.60 million, compared to the consensus revenue estimate of $343.09 million.Everbridge also updated its Q2 2021 guidance to $-0.230–0.220 EPS.

Shares of Everbridge stock traded up $4.04 on Thursday, hitting $122.47. The stock had a trading volume of 27,770 shares, compared to its average volume of 518,570. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of -47.60 and a beta of 0.74. The company has a 50 day moving average of $123.33. 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 has a twelve month low of $100.17 and a twelve month high of $178.98.

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, May 10th. The technology company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.29. The business had revenue of $82.20 million during the quarter, compared to the consensus estimate of $75.61 million. Everbridge had a negative net margin of 30.50% and a negative return on equity of 13.18%. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS. On average, equities analysts anticipate that Everbridge will post -1.92 earnings per share for the current year.

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

In other Everbridge news, CFO Patrick Brickley sold 13,548 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,599,252. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by company insiders.

About Everbridge

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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