Equities analysts expect Everbridge Inc (NASDAQ:EVBG) to report sales of $56.21 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Everbridge’s earnings, with estimates ranging from $56.00 million to $56.33 million. Everbridge reported sales of $41.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.4%. The firm is expected to report its next quarterly earnings results on Tuesday, February 18th.
On average, analysts expect that Everbridge will report full-year sales of $199.98 million for the current fiscal year, with estimates ranging from $199.80 million to $200.10 million. For the next year, analysts anticipate that the business will post sales of $255.57 million, with estimates ranging from $250.50 million to $263.13 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Everbridge.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, November 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $52.55 million during the quarter, compared to the consensus estimate of $51.42 million. Everbridge had a negative return on equity of 26.35% and a negative net margin of 26.36%. Everbridge’s revenue was up 35.0% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share.
In other news, Director Bruns H. Grayson sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $85.90, for a total transaction of $1,718,000.00. Following the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at $5,154,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Phillip E. Huff sold 762 shares of Everbridge stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $86.50, for a total transaction of $65,913.00. Following the sale, the chief accounting officer now directly owns 4,473 shares of the company’s stock, valued at approximately $386,914.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,994 shares of company stock worth $2,359,734. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY grew its stake in Everbridge by 14.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 10,479 shares of the technology company’s stock worth $647,000 after buying an additional 1,332 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Everbridge by 217.1% in the third quarter. Select Equity Group L.P. now owns 2,669,506 shares of the technology company’s stock worth $164,735,000 after acquiring an additional 1,827,525 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Everbridge by 188.6% in the third quarter. Squarepoint Ops LLC now owns 47,850 shares of the technology company’s stock worth $2,953,000 after acquiring an additional 31,268 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Everbridge by 82.7% during the third quarter. Voloridge Investment Management LLC now owns 41,037 shares of the technology company’s stock worth $2,532,000 after acquiring an additional 18,580 shares during the last quarter. Finally, Sylebra Capital Ltd grew its stake in shares of Everbridge by 4.5% during the third quarter. Sylebra Capital Ltd now owns 858,422 shares of the technology company’s stock worth $52,973,000 after acquiring an additional 37,282 shares during the last quarter.
EVBG stock traded up $0.86 during mid-day trading on Tuesday, reaching $85.42. 202,044 shares of the stock traded hands, compared to its average volume of 314,033. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.76 and a current ratio of 1.76. Everbridge has a one year low of $46.36 and a one year high of $104.22. The stock has a market capitalization of $2.86 billion, a PE ratio of -59.73 and a beta of 1.02. The business has a 50-day moving average price of $78.88 and a two-hundred day moving average price of $82.08.
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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