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Everbridge, Inc.NasdaqGM:EVBG Stock Report

Market Cap US$1.5b
Share Price
n/a
My Fair Value
n/a
1Y28.6%
7D0.7%
1D
Portfolio Value
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Everbridge, Inc.

NasdaqGM:EVBG Stock Report

Market Cap: US$1.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Everbridge (EVBG) Stock Overview

Operates as a software company that enables customers to anticipate, mitigate, respond to, and recover from critical events in North America and internationally. More details

EVBG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 16.7% below our estimate of its fair value

Earnings have grown 3.2% per year over the past 5 years

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year


EVBG Community Fair Values

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Everbridge, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Everbridge
Historical stock prices
Current Share PriceUS$35.00
52 Week HighUS$36.31
52 Week LowUS$18.50
Beta1
1 Month Change0.69%
3 Month Change0.29%
1 Year Change28.63%
3 Year Change-74.60%
5 Year Change-62.86%
Change since IPO129.51%

Recent News & Updates

Recent updates

Analysis Article • Feb 02

An Intrinsic Calculation For Everbridge, Inc. (NASDAQ:EVBG) Suggests It's 33% Undervalued

Key Insights Everbridge's estimated fair value is US$35.75 based on 2 Stage Free Cash Flow to Equity Everbridge is...
Seeking Alpha • Jan 25

Everbridge: Growth Slows But Operating Profit Turns Positive

Summary Everbridge's organic revenue growth has been slowing substantially. This is despite the market for mass notification software and services being forecasted to reach $48.8 billion by 2030, with a CAGR of 21.4%. Everbridge's slowing revenue growth and improving profitability have resulted in a more sustainable model, but the stock's performance has lagged an industry benchmark. I remain Neutral [Hold] on EVBG until management can reignite topline revenue growth. Read the full article on Seeking Alpha
Analysis Article • Jan 03

Everbridge, Inc.'s (NASDAQ:EVBG) Low P/S No Reason For Excitement

Everbridge, Inc.'s ( NASDAQ:EVBG ) price-to-sales (or "P/S") ratio of 2.1x might make it look like a strong buy right...
Analysis Article • Oct 13

Here's Why Everbridge (NASDAQ:EVBG) Can Afford Some Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Sep 01

Everbridge, Inc.'s (NASDAQ:EVBG) Intrinsic Value Is Potentially 98% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, Everbridge fair value estimate is US$49.11 Current share price...
Analysis Article • Jul 12

Is Everbridge (NASDAQ:EVBG) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 29

Is There Now An Opportunity In Everbridge, Inc. (NASDAQ:EVBG)?

Everbridge, Inc. ( NASDAQ:EVBG ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article • May 05

Investors Give Everbridge, Inc. (NASDAQ:EVBG) Shares A 30% Hiding

Everbridge, Inc. ( NASDAQ:EVBG ) shareholders that were waiting for something to happen have been dealt a blow with a...
Analysis Article • Apr 01

Here's Why Everbridge (NASDAQ:EVBG) Can Afford Some Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Feb 06

Estimating The Fair Value Of Everbridge, Inc. (NASDAQ:EVBG)

In this article we are going to estimate the intrinsic value of Everbridge, Inc. ( NASDAQ:EVBG ) by projecting its...
Analysis Article • Dec 12

Does Everbridge (NASDAQ:EVBG) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Oct 14

Everbridge: Heads I Win, Tails I Shouldn't Lose Much

Summary Everbridge has fallen over 80% from its 52-week high and now trades at a mere 3.5x subscription revenue which is at the very low end for SAAS businesses. Following the CEO departure, an activist shareholder has entered the fray and is pushing for a sale of the company. Even with the recent downturn in markets and deteriorating financing conditions, PE takeouts of SAAS businesses have still been getting done and precedent transactions suggest significant upside. In the absence of a transaction Everbridge shares appear to have limited downside. The deflation of the Software-As-A-Service ((SAAS)) bubble has hit Everbridge (EVBG) shares hard with the stock down over 80% from 2021's all-time high. While the stock had a brief bounce in August on the news that the company may be exploring a sale, shares quickly declined as investors seem skeptical that a deal will be done. As we sit today, Everbridge shares trade at a rock-bottom valuation of just 3.5x revenue. Background Overview (Investor Presentation) Everbridge is a SAAS business that is providing software solutions which facilitate mass notification and critical event management software in a world with increasing risks (natural disasters/weather, civil unrest, pandemic, active shooters, etc.). The software provides corporations and governments a centralized platform to manage employees and assets and respond during disruptive or potentially disruptive events. Everbridge has an impressive customer base with more than 6,300 customers and includes 47 of the Fortune 50. Everbridge is the leading player in the industry and its software integrates with most major HR/enterprise platforms (see above). Everbridge Client Base (Investor Presentation) Why is Everbridge a good business? 1. Like most SAAS companies, Everbridge's revenue is recurring in nature which gives it a stable/growing revenue profile even during times of economic uncertainty. Everbridge's software is viewed as an important organizational risk management tool and, once adopted, is unlikely to be displaced unless Everbridge really messes something up or a vastly superior solution emerges. This leads to low churn rates. 2. SAAS companies are generally able to upsell additional software products and add-on functionality to their customers which allows for continued growth in revenue from its existing customer base which is evidenced by net revenue retention above 110%. Everbridge Metrics (Investor Presentation) 3. Entering employee/asset data, and training employees to use the software creates a switching cost for customers which provides Everbridge pricing power. 4. While profitability has been negligible to-date as the company has been spending aggressively to grow, like most SAAS companies, Everbridge likely has ample opportunities for cost cutting. I believe that the company will eventually produce 25-30% EBITDA margins. Set Up In December 2021, Everbridge's CEO resigned. Subsequently an activist shareholder, Ancora, took a stake in the business and in May called for a sale of the company. In August Bloomberg reported that the company was exploring a sale of the company. Ancora suggested that the company could be worth up to $70/share but stock market multiples (and SAAS multiples) have come down since then. I think $50-60 seems more reasonable in the current environment as I will discuss below. Valuation - what might Everbridge fetch in a takeover? Everbridge is on track to generate ~$430 million in revenue in 2022, about $380 million of which is recurring. The company has been growing organically 18-19% per year. Looking ahead a couple of months to 2023 and assuming a 17% growth rate, I get to an estimated $445 million in recurring revenue for 2023. Excluding some outliers during the 2020-21 bubble, SAAS companies with a similar growth profile have tended to sell for between 5-8x recurring revenue. As shown below, applying these multiples to Everbridge results in a range of $47-80 per share. Author Valuation Model (Author Estimates)
Analysis Article • Oct 12

Everbridge, Inc.'s (NASDAQ:EVBG) Intrinsic Value Is Potentially 25% Below Its Share Price

How far off is Everbridge, Inc. ( NASDAQ:EVBG ) from its intrinsic value? Using the most recent financial data, we'll...
Seeking Alpha • Aug 26

Everbridge jumps 11% after report of potential sale process

Enterprise software firm Everbridge (NASDAQ:EVBG) soared 12% after a report that the company is exploring its strategic options including a sale. Everbridge (EVBG) is said to to be working with advisers as it considers its options, according to a Bloomberg report. Possible acquirers include private equity firms and industrial companies. The potential sale comes after activist investor Ancora had been pushing the company to explore a sale before it was defeated in a proxy battle in May. Ancora in March called for the public-warning technology company to sell itself. Ancora at the time said it believed the company may be worth $70 share in a takeout. The activist sale push came after Everbridge (EVBG) shares had plunged before the activist disclosed its stake in March, including a 45% decline on Dec. 10 following the surprise resignation of Chief Executive David Meredith. Everbridge (EVBG) late last month named David Wagner, formerly president and CEO of Zix, as its new CEO.
Analysis Article • Aug 12

Is Everbridge (NASDAQ:EVBG) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Jul 28

Alta Fox Opportunities Fund - Everbridge: A High-Quality SaaS Business At ~3x Forward Revenue

As recently as late last year, investors were willing to pay ~14x forward revenue for Everbridge. The sudden departure of EVBG's CEO in December 2021 as well as forward guidance below the Street’s lofty expectations, prompted a precipitous fall in EVBG’s stock price. A prominent activist investor has taken a stake in the business and is advocating that the board initiate a process to sell the business. At ~3x forward revenue, investors can buy a high-quality enterprise software business with sticky and recurring revenue, inflecting margins, and a potential take-private catalyst. The following segment was excerpted from this fund letter. Everbridge Inc (EVBG) Everbridge is an enterprise SaaS business that provides mass notification and critical event management ((CEM)) software in a world with increasing risks (natural disasters/weather, civil unrest, pandemic, active shooters, etc.). The software allows large corporates to better manage employees and assets during times of disruption. Everbridge serves 47 of the Fortune 50, has 110%+ net revenue retention, gross margins approaching 80%, and EBITDA margins that are beginning to meaningfully inflect higher. This is a great business. However, the stock has always been far too expensive for us to underwrite to acceptable IRR thresholds within a reasonable valuation framework. As recently as late last year, investors were willing to pay ~14x forward revenue for Everbridge as the stock price topped out at ~$160/share. The sudden departure of the company’s CEO in December 2021 as well as forward guidance below the Street’s lofty expectations, prompted a precipitous fall in EVBG’s share price. In December, when Everbridge’s former CEO left to take the CEO role at a large PE-backed cloud business, he likely knew that EVBG trading at 14x revenue with slowing growth meant limited upside ahead (and limited personal wealth creation). Since the CEO’s departure and decline in stock price, a prominent activist investor has taken a stake in the business and is advocating that the board initiate a process to sell the business. Given investors have lost confidence in the management team and board’s ability to create long-term value in the public markets, we agree that the company should immediately pursue a sale. We believe the quality of the business along with the upside potential for profit margins and the current valuation make Everbridge an extremely attractive target for private equity buyers who are currently sitting on substantial amounts of dry powder. Orlando Bravo, the co-founder of tech PE giant Thoma Bravo said it best during his appearance on CNBC on May 24: “For us in private equity, as a buyer and operator of software companies, this environment of five times forward revenue is the buying opportunity of a lifetime.” We believe the CEO departure, two disappointing 2022 guides, and broader market volatility have put Everbridge into the penalty box. Current sell-side expectations appear far too low, as consensus assumes the company will grow revenue 16% in 2023 and EBITDA margins will expand to 12.5%. The company’s Co-CEO clearly believes the business will perform better than sell side expectations, as he stated the following at an investor conference in May: “Wouldn’t be surprised if next year, there’s a quarter where adjusted EBITDA margin starts with a two and ultimately, we’ll see where that top line growth rate shakes out. If it looks like we’re going to be growing in the mid-teens, then we will drive adjusted EBITDA towards mid-20s, maybe even 30%.”
Seeking Alpha • Jun 29

Everbridge and Grupo Siayec ink strategic alliance for delivering digital & physical security

Everbridge (NASDAQ:EVBG) announced a strategic alliance with Grupo Siayec, provider of digital and physical security solutions and specialists in the implementation of video surveillance, security monitoring, access control, analytics, and biometrics systems. The partnership helps expand critical event management (CEM) adoption for Everbridge solutions within the Mexican enterprise market. Through the partnership, Grupo Siayec customers gain seamless access to Everbridge's CEM solutions, including Control Center, helping increase preparedness for a wide range of digital and physical threats.

Shareholder Returns

EVBGUS SoftwareUS Market
7D0.7%9.9%1.2%
1Y28.6%-1.3%27.0%

Return vs Industry: EVBG matched the US Software industry which returned 28.3% over the past year.

Return vs Market: EVBG exceeded the US Market which returned 20.5% over the past year.

Price Volatility

Is EVBG's price volatile compared to industry and market?
EVBG volatility
EVBG Average Weekly Movement0.4%
Software Industry Average Movement9.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: EVBG has not had significant price volatility in the past 3 months.

Volatility Over Time: EVBG's weekly volatility has decreased from 7% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20021,577Dave Wagnerwww.everbridge.com

Everbridge, Inc. operates as a software company that enables customers to anticipate, mitigate, respond to, and recover from critical events in North America and internationally. The company offers Critical Event Management, a SaaS based platform, which offers various software applications for organizations for safeguarding business operations, people resilience, digital operations, smart security, and public safety. Its enterprise applications include mass notification, safety connection, IT alerting, risk intelligence, public warning, community engagement, crisis management, careconverge, control center, travel protector, snapcomms, and E911.

Everbridge, Inc. Fundamentals Summary

How do Everbridge's earnings and revenue compare to its market cap?
EVBG fundamental statistics
Market capUS$1.46b
Earnings (TTM)-US$52.72m
Revenue (TTM)US$451.95m
3.2x
P/S Ratio
-27.6x
P/E Ratio

Is EVBG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EVBG income statement (TTM)
RevenueUS$451.95m
Cost of RevenueUS$131.41m
Gross ProfitUS$320.54m
Other ExpensesUS$373.26m
Earnings-US$52.72m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.27
Gross Margin70.92%
Net Profit Margin-11.67%
Debt/Equity Ratio125.0%

How did EVBG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/07/01 05:32
End of Day Share Price 2024/07/01 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Everbridge, Inc. is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Koji IkedaBofA Global Research
Richard DavisCanaccord Genuity
Thomas WalkleyCanaccord Genuity