Everbridge (EVBG) Expected to Post Quarterly Sales of $29.59 Million
Analysts expect that Everbridge (NASDAQ:EVBG) will report $29.59 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Everbridge’s earnings. The lowest sales estimate is $29.44 million and the highest is $29.70 million. Everbridge reported sales of $22.84 million during the same quarter last year, which indicates a positive year over year growth rate of 29.6%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, May 7th.
On average, analysts expect that Everbridge will report full-year sales of $136.51 million for the current fiscal year, with estimates ranging from $135.76 million to $137.10 million. For the next year, analysts anticipate that the company will report sales of $171.28 million per share, with estimates ranging from $168.49 million to $174.28 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The business had revenue of $29.18 million during the quarter, compared to the consensus estimate of $28.49 million. Everbridge had a negative return on equity of 33.84% and a negative net margin of 18.82%. The business’s quarterly revenue was up 37.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) EPS.
In other Everbridge news, SVP Imad Mouline sold 22,900 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $31.73, for a total value of $726,617.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Elliot J. Mark sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $31.95, for a total value of $31,950.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,539 shares of company stock valued at $2,263,941. 11.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC increased its stake in shares of Everbridge by 21.0% in the 4th quarter. Gradient Investments LLC now owns 17,248 shares of the technology company’s stock worth $513,000 after acquiring an additional 2,996 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock worth $1,743,000 after acquiring an additional 3,499 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Everbridge by 19.1% in the 3rd quarter. Wells Fargo & Company MN now owns 40,017 shares of the technology company’s stock worth $1,057,000 after acquiring an additional 6,419 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Everbridge by 2.8% in the 4th quarter. Kennedy Capital Management Inc. now owns 240,317 shares of the technology company’s stock worth $7,142,000 after acquiring an additional 6,550 shares during the last quarter. Finally, Ironwood Investment Management LLC acquired a new stake in shares of Everbridge in the 4th quarter worth $226,000. 79.29% of the stock is owned by institutional investors and hedge funds.
Shares of EVBG stock traded up $0.08 during trading hours on Monday, hitting $37.48. 131,896 shares of the company’s stock were exchanged, compared to its average volume of 296,210. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $1,066.93, a price-to-earnings ratio of -65.75 and a beta of 0.70. Everbridge has a fifty-two week low of $20.90 and a fifty-two week high of $39.12.
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Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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