Why Everbridge Shares Are Plunging Today
Portfolio Pulse from Akanksha Bakshi
Everbridge, Inc (NASDAQ:EVBG) reported a 7.4% YoY increase in Q2 FY23 revenue to $110.6 million, slightly missing the consensus of $110.76 million. Adjusted EPS was $0.31, beating the consensus of $0.27. However, the company's shares plunged by 19.35% due to headwinds in booking large and perpetual revenue contracts and a lowered revenue guidance for the second half of 2023.
August 08, 2023 | 3:42 pm
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Everbridge's Q2 FY23 revenue slightly missed consensus and the company faces headwinds in booking large contracts, leading to a 19.35% plunge in its shares.
Everbridge's Q2 FY23 revenue slightly missed the consensus, and the company is facing challenges in booking large and perpetual revenue contracts. This has led to a decrease in the company's revenue guidance for the second half of 2023, causing a negative impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100