Everbridge (NASDAQ:EVBG) Updates FY 2021 Earnings Guidance

Everbridge (NASDAQ:EVBG) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $-0.200–0.160 for the period, compared to the Thomson Reuters consensus earnings per share 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.

A number of research firms have recently weighed in on EVBG. JPMorgan Chase & Co. raised Everbridge from a neutral rating to an overweight rating and set a $200.00 price target on the stock in a report on Friday, February 19th. Zacks Investment Research cut Everbridge from a buy rating to a sell rating in a report on Monday, May 24th. Northland Securities boosted their target price on Everbridge from $155.00 to $165.00 in a report on Friday, February 19th. Raymond James dropped their target price on Everbridge from $165.00 to $140.00 and set an outperform rating on the stock in a report on Tuesday, May 11th. Finally, Credit Suisse Group reissued a neutral rating and set a $145.00 target price on shares of Everbridge in a report on Monday, March 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $164.78.

NASDAQ EVBG traded down $0.11 on Friday, hitting $122.26. 3,307 shares of the stock were exchanged, compared to its average volume of 518,785. Everbridge has a 52-week low of $100.17 and a 52-week high of $178.98. The company has a debt-to-equity ratio of 1.79, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market cap of $4.60 billion, a P/E ratio of -47.80 and a beta of 0.74. The business’s 50-day moving average price is $123.26.

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, topping the consensus estimate of ($0.11) by $0.29. Everbridge had a negative net margin of 30.50% and a negative return on equity of 13.18%. 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 company posted ($0.16) EPS. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. Equities analysts forecast that Everbridge will post -1.92 EPS for the current fiscal year.

In other Everbridge news, CFO Patrick Brickley sold 13,548 shares of Everbridge stock in a transaction on Tuesday, May 11th. The shares were sold at an average price of $112.90, for a total transaction of $1,529,569.20. Following the completion of the sale, the chief financial officer now owns 31,880 shares of the company’s stock, valued at approximately $3,599,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.44% of the company’s stock.

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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