Everbridge Inc Down 4.71% To $19.23 After Earnings Beat

Everbridge Inc (EVBG) said after close Thursday that it earned $0.46 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $114.2 million, beating estimates by $461 thousand.

In the same quarter a year ago, the company earned $0.27 per share on revenue of $111.4 million.

The stock is down 4.71% to $19.23 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 33. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Everbridge Inc is a software company that provides enterprise software applications that automate and accelerate organizations' operational response to critical events to keep people safe and businesses running. During public safety threats such as active shooter situations, terrorist attacks, severe weather conditions or a pandemic, the firm's SaaS-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, and automate the execution of pre-defined communications processes and track progress on executing response plans. It serves various industries such as technology, energy, financial services, healthcare, manufacturing, media, retail, and professional services.