Could Everbridge, Inc. (EVBG) Change Direction After Making 52-Week High?

January 20, 2018 - By Vivian Currie

The stock of Everbridge, Inc. (NASDAQ:EVBG) hit a new 52-week high and has $34.40 target or 5.00 % above today’s $32.76 share price. The 8 months bullish chart indicates low risk for the $925.62 million company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $34.40 price target is reached, the company will be worth $46.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.09% or $0.03 during the last trading session, reaching $32.76. About 386,632 shares traded or 2.31% up from the average. Everbridge, Inc. (NASDAQ:EVBG) has 0.00% since January 20, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Everbridge, Inc. (NASDAQ:EVBG) to report earnings on February, 26. They expect $-0.15 EPS, down 150.00 % or $0.09 from last year’s $-0.06 per share. After $-0.12 actual EPS reported by Everbridge, Inc. for the previous quarter, Wall Street now forecasts 25.00 % negative EPS growth.

Everbridge, Inc. (NASDAQ:EVBG) Ratings Coverage

Among 4 analysts covering Everbridge (NASDAQ:EVBG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everbridge had 5 analyst reports since October 11, 2016 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, October 11 by Credit Suisse. The firm has “Buy” rating given on Tuesday, October 11 by Bank of America. The stock of Everbridge, Inc. (NASDAQ:EVBG) earned “Overweight” rating by Pacific Crest on Tuesday, October 11. The firm earned “Buy” rating on Tuesday, October 11 by Stifel Nicolaus.

More important recent Everbridge, Inc. (NASDAQ:EVBG) news were published by: Businesswire.com which released: “Everbridge to Announce Fourth Quarter and Full Year 2017 Financial Results on …” on January 17, 2018, also Streetinsider.com published article titled: “William Blair Reiterates Outperform on Everbridge, Inc. (EVBG) Following …”, Seekingalpha.com published: “Everbridge’s (EVBG) CEO Jaime Ellertson on Q3 2017 Results – Earnings Call …” on November 07, 2017. More interesting news about Everbridge, Inc. (NASDAQ:EVBG) was released by: Nasdaq.com and their article: “Everbridge Inc (EVBG) CEO & Chairman Jaime Wallace Ellertson Sold $17.2 …” with publication date: November 23, 2017.

Everbridge, Inc., a software company, provides critical communications and enterprise safety applications that enable clients to automate and accelerate the process of keeping people safe and businesses running during critical events. The company has market cap of $925.62 million. The Company’s SaaS platform enables clients 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. It currently has negative earnings. The companyÂ’s critical event management platform comprises a set of software applications that address various tasks an organization has to perform to manage a critical event, including Mass Notification, Incident Management, Safety Connection, IT Alerting, Visual Command Center, Crisis Commander, Community Engagement, and Secure Messaging.

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