Critical event management software company Everbridge (NASDAQ:EVBG) will be reporting results next Monday after market close. Here's what you need to know.
Last quarter Everbridge reported revenues of $102.8 million, up 36% year on year, in line with analyst expectations. Despite the strong topline growth, it was a weak quarter for the company, with the guidance for both the next quarter and the full year missing analyst estimates. The company added 125 customers to a total of 6,135.
Is Everbridge buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Everbridge's revenue to grow 20.2% year on year to $98.8 million, slowing down from the 39.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.18 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 3.71%.
Looking at Everbridge's peers in the automation software segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. ServiceNow reported revenues up 26.6% year on year, exceeding estimates by 1.34%. ServiceNow was up 4.4% on the results. Read our full analysis of ServiceNow's results here.
Tech stocks have been under pressure since the end of last year and software stocks have not been spared, with share price down on average 17% over the last month. Everbridge is down 6.47% during the same time, and is heading into the earnings with analyst price target of $43.9, compared to share price of $43.01.
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The author has no position in any of the stocks mentioned.