Equities research analysts expect Everbridge Inc (NASDAQ:EVBG) to report $29.59 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Everbridge’s earnings. The lowest sales estimate is $29.44 million and the highest is $29.70 million. Everbridge posted sales of $22.84 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.6%. The business is expected to announce its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Everbridge will report full year sales of $29.59 million for the current year, with estimates ranging from $135.76 million to $137.10 million. For the next fiscal year, analysts expect that the firm will post sales of $171.28 million per share, with estimates ranging from $168.49 million to $174.28 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $29.18 million during the quarter, compared to analyst estimates of $28.49 million. Everbridge had a negative return on equity of 33.84% and a negative net margin of 18.82%. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period last year, the company earned ($0.03) EPS.
Shares of Everbridge (NASDAQ:EVBG) opened at $37.90 on Friday. The stock has a market capitalization of $1,073.65, a P/E ratio of -54.14 and a beta of 1.42. Everbridge has a one year low of $18.87 and a one year high of $38.78. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.60.
In related news, SVP Elliot J. Mark sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $29.78, for a total transaction of $104,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth S. Goldman sold 10,326 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $29.51, for a total value of $304,720.26. The disclosure for this sale can be found here. Insiders have sold a total of 47,042 shares of company stock valued at $1,471,677 over the last three months. 41.40% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of EVBG. New York State Common Retirement Fund raised its position in Everbridge by 31.9% during the 3rd quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock valued at $1,703,000 after purchasing an additional 15,603 shares in the last quarter. Granahan Investment Management Inc. MA bought a new stake in Everbridge during the 3rd quarter valued at $5,296,000. Chartwell Investment Partners LLC bought a new stake in Everbridge during the 4th quarter valued at $1,435,000. Gagnon Securities LLC raised its position in Everbridge by 45.2% during the 3rd quarter. Gagnon Securities LLC now owns 317,971 shares of the technology company’s stock valued at $8,401,000 after purchasing an additional 98,912 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Everbridge during the 3rd quarter valued at $845,000. 79.48% of the stock is owned by hedge funds and other institutional investors.
Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.
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