Everbridge Inc (EVBG) Expected to Announce Quarterly Sales of $38.09 Million
Analysts expect Everbridge Inc (NASDAQ:EVBG) to post $38.09 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Everbridge’s earnings, with estimates ranging from $37.97 million to $38.20 million. Everbridge reported sales of $27.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 39.5%. The firm is expected to issue its next quarterly earnings report on Monday, November 5th.
On average, analysts expect that Everbridge will report full year sales of $144.12 million for the current financial year, with estimates ranging from $143.99 million to $144.30 million. For the next year, analysts forecast that the business will post sales of $180.37 million per share, with estimates ranging from $175.11 million to $184.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Monday, August 6th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.04. The firm had revenue of $35.80 million during the quarter, compared to analyst estimates of $34.18 million. Everbridge had a negative net margin of 31.96% and a negative return on equity of 64.53%. The company’s revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS.
In related news, CFO Kenneth S. Goldman sold 16,596 shares of Everbridge stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $47.07, for a total transaction of $781,173.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jaime Wallace Ellertson sold 381,607 shares of Everbridge stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $49.55, for a total value of $18,908,626.85. The disclosure for this sale can be found here. Insiders have sold 501,546 shares of company stock worth $25,121,838 over the last ninety days. 11.20% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in EVBG. Wells Fargo & Company MN boosted its holdings in shares of Everbridge by 50.1% in the 1st quarter. Wells Fargo & Company MN now owns 109,309 shares of the technology company’s stock worth $4,001,000 after purchasing an additional 36,474 shares during the period. Victory Capital Management Inc. purchased a new stake in Everbridge during the 1st quarter valued at about $1,834,000. Massachusetts Financial Services Co. MA purchased a new stake in Everbridge during the 1st quarter valued at about $9,720,000. Schwab Charles Investment Management Inc. grew its stake in Everbridge by 12.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 83,403 shares of the technology company’s stock valued at $3,053,000 after purchasing an additional 9,157 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Everbridge by 0.6% in the first quarter. Northern Trust Corp now owns 222,382 shares of the technology company’s stock worth $8,140,000 after buying an additional 1,316 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ EVBG traded up $0.49 during mid-day trading on Tuesday, hitting $59.53. The company’s stock had a trading volume of 289,200 shares, compared to its average volume of 327,829. Everbridge has a twelve month low of $23.87 and a twelve month high of $63.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.74. The company has a market cap of $1.83 billion, a P/E ratio of -104.63 and a beta of 1.10.
Everbridge Company Profile
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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