Wall Street analysts expect that Everbridge Inc (NASDAQ:EVBG) will report $38.09 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Everbridge’s earnings, with the highest sales estimate coming in at $38.20 million and the lowest estimate coming in at $37.97 million. Everbridge reported sales of $27.31 million in the same quarter last year, which indicates a positive year over year growth rate of 39.5%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 5th.
According to Zacks, analysts expect that Everbridge will report full-year sales of $144.12 million for the current fiscal year, with estimates ranging from $143.99 million to $144.30 million. For the next financial year, analysts forecast that the firm will report sales of $180.37 million, with estimates ranging from $175.11 million to $184.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Everbridge.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, August 6th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04. The company had revenue of $35.80 million during the quarter, compared to analysts’ expectations of $34.18 million. Everbridge had a negative net margin of 31.96% and a negative return on equity of 64.53%. Everbridge’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share.
In other Everbridge news, SVP Imad Mouline sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $45.87, for a total transaction of $137,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth S. Goldman sold 815 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $48.58, for a total value of $39,592.70. The disclosure for this sale can be found here. Insiders have sold a total of 125,013 shares of company stock valued at $6,828,269 in the last three months. Insiders own 11.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Light Street Capital Management LLC bought a new position in shares of Everbridge in the 2nd quarter worth $33,008,000. BlackRock Inc. lifted its holdings in shares of Everbridge by 34.6% in the 2nd quarter. BlackRock Inc. now owns 1,600,912 shares of the technology company’s stock worth $75,914,000 after purchasing an additional 411,577 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Everbridge in the 1st quarter worth $11,820,000. Millennium Management LLC bought a new position in shares of Everbridge in the 2nd quarter worth $13,495,000. Finally, Fred Alger Management Inc. lifted its holdings in shares of Everbridge by 12.7% in the 2nd quarter. Fred Alger Management Inc. now owns 1,886,522 shares of the technology company’s stock worth $89,459,000 after purchasing an additional 212,555 shares in the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.
Shares of Everbridge stock traded down $2.51 during trading on Tuesday, reaching $48.74. The company’s stock had a trading volume of 248,492 shares, compared to its average volume of 340,334. The stock has a market cap of $1.55 billion, a PE ratio of -85.25 and a beta of 1.23. Everbridge has a 52 week low of $23.87 and a 52 week high of $63.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.50 and a current ratio of 1.50.
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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