Everbridge, Inc EVBG reported better-than-expected Q1 results.
Everbridge clocked an 8% revenue growth in the first quarter of FY23 to $108.27 million, beating the consensus of $106.39 million. The company registered an adjusted EPS of $0.25, beating the analyst consensus of $0.13.
Everbridge sees Q2 revenue of $110 million-$110.5 million, higher than the consensus of $109.36 million. EVBG sees non-GAAP EPS of $0.26-$0.27, below the consensus of $0.32.
Everbridge shares rose 0.8% to $26.64 on Wednesday.
These analysts made changes to their price targets on Everbridge after the company reported quarterly results.
- Barclays cut the price target on Everbridge from $32 to $27. Barclays analyst Ryan Macwilliams maintained an Equal-Weight rating.
- Baird lowered Everbridge price target from $34 to $28. Baird analyst William Power maintained a Neutral rating on the stock.
- Raymond James cut Everbridge price target from $39 to $34. Raymond James analyst Alexander Sklar maintained an Outperform rating on the stock.
- Truist Securities slashed the price target on Everbridge from $32 to $27. Truist Securities analyst Terry Tillman maintained the stock with a Hold.
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