In a report released yesterday, Ryan MacWilliams from Barclays assigned a Hold rating to Everbridge (EVBG – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $28.17.
MacWilliams covers the Technology sector, focusing on stocks such as HubSpot, Atlassian, and Everbridge. According to TipRanks, MacWilliams has an average return of 13.9% and a 61.39% success rate on recommended stocks.
In addition to Barclays, Everbridge also received a Hold from Wells Fargo’s Michael Berg in a report issued yesterday. However, on January 26, Wells Fargo maintained a Sell rating on Everbridge (NASDAQ: EVBG).
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Based on Everbridge’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $114.19 million and a net profit of $1.68 million. In comparison, last year the company earned a revenue of $111.4 million and had a GAAP net loss of $22.08 million
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Everbridge (EVBG) Company Description:
Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables 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. The company was founded by Cinta Putra and Steve Kirchmeier in 2002 and is headquartered in Burlington, MA.
Read More on EVBG:
- Everbridge Settles UK Legal Dispute and Announces Merger
- Everbridge Appoints David Rockvam as New CFO
- Everbridge Agrees to Merger with Thoma Bravo Affiliates
- M & A News: Everbridge (NASDAQ:EVBG) Rockets on $1.5B Deal with Thoma Bravo
- Canaccord Says These 3 Communications Software Stocks Are Down but Not Out, Forecasting up to 160% Upside
