Welcome to our dedicated page for Everbridge news (Ticker: EVBG), a resource for investors and traders seeking the latest updates and insights on Everbridge stock.
Everbridge, Inc. (NASDAQ: EVBG) stands as a global leader in critical event management and enterprise safety applications. The company specializes in automating and expediting operational responses to critical incidents to ensure the safety of people and the continuity of business operations. With a robust SaaS-based platform, Everbridge aids in aggregating and assessing threat data, locating individuals at risk, coordinating responders, automating communication processes, and tracking the execution of response plans.
In times of public safety threats such as active shooter situations, terrorist attacks, or severe weather conditions, as well as critical business events including IT outages or cyber-attacks, over 3,400 customers worldwide depend on Everbridge's services. The platform has demonstrated its reliability by delivering over 1.5 billion messages in 2016 and reaching more than 200 countries and territories, ensuring secure communication across 100 different devices.
Everbridge caters to a diverse range of industries such as technology, energy, financial services, healthcare, manufacturing, media, retail, higher education, and professional services. The company's significant revenue is primarily generated from operations in the United States.
Recent achievements include strategic partnerships and innovative projects aimed at enhancing their critical event management capabilities. Everbridge continues to evolve its platform to meet the growing demands of enterprise safety and business continuity, reinforcing its position as a vital player in the industry.
Everbridge has appointed Bryan Barney as its new Chief Product Officer, effective immediately. Barney brings over 30 years of experience in enterprise software and cybersecurity, previously serving as CEO of RedSeal and holding key positions at Symantec and McAfee. His focus will be on enhancing Everbridge's global product development strategy for critical event management solutions. Additionally, the company approved stock inducements for Barney and other new hires, aligning their compensation with performance goals.
Everbridge, Inc. (NASDAQ: EVBG) announced that long-time directors Jaime Ellertson and Bruns Grayson will retire from the Board at the end of 2022. Effective January 1, 2023, Rohit Ghai, CEO of RSA, and David Benjamin, EVP of Blackbaud, will join the Board. Ghai's extensive cybersecurity experience and Benjamin's expertise in SaaS go-to-market strategies are expected to enhance Everbridge's product development and market performance. Vice Chairman David Henshall will succeed Ellertson as Chairman, marking a significant leadership transition for the company.
Everbridge, Inc. (NASDAQ: EVBG) has unveiled PSInsights™, a new capability within its Public Safety solution that enhances situational awareness for emergency responders. This tool offers real-time visibility into critical situations, helping authorities effectively communicate life safety information during emergencies. Key features include tracking affected populations, determining locations of individuals at risk, and monitoring evacuation progress. The innovation aims to streamline responses during crises, such as severe weather or wildfires, and will be showcased at the Natural Disasters Expo in Singapore on December 7-8, 2022.
Everbridge, a leader in critical event management, announced its participation in two upcoming investor conferences next week. The Raymond James 2022 Technology Investor Conference will feature a fireside chat on December 5, 2022, at 4 p.m. ET in New York. Following that, the Barclays 2022 Global Technology, Media and Telecommunications Conference will occur on December 8, 2022, at 2 p.m. ET in San Francisco. Live webcasts and replays of these sessions will be available on Everbridge's investor relations website.
Everbridge (NASDAQ: EVBG) has been selected by Norway to implement its next-generation Public Warning solution, enhancing the safety of over five million residents and nearly seven million annual visitors. Following recent successes in Germany, the UK, and the Netherlands, Everbridge now serves more countries in Europe than any other provider. The Public Warning Center will enable rapid communication during emergencies, ensuring precise alerts can be sent to mobile phones in defined areas. This solution is also compliant with data privacy regulations like GDPR.
Everbridge, the leader in critical event management, will present at two upcoming investor conferences. The Credit Suisse 26th Annual Technology Conference is set for November 29, 2022, at 3 p.m. ET in Scottsdale, Arizona. The 6th Annual Wells Fargo TMT Summit follows on November 30, 2022, at 1 p.m. ET in Las Vegas, Nevada. Live webcasts can be accessed on their investor relations website.
Everbridge, a leader in critical event management solutions, announced its participation in the Stephens Annual Investment Conference. The event is scheduled for November 15, 2022, at 3:00 p.m. ET in Nashville, Tennessee. During the presentation, management will discuss the company's advancements in public warning systems and operational responses to critical events. A live webcast and replay of the fireside chat will be accessible on the company’s investor relations website. Everbridge supports over 6,400 customers worldwide, ensuring safety and operational continuity.
Everbridge (NASDAQ: EVBG) will host its Investor Day on December 13, 2022, at its Customer Experience Center in
Everbridge (NASDAQ: EVBG) reported its third quarter 2022 financial results, highlighting a 15% year-over-year revenue increase to $111.4 million. Despite a GAAP net loss of $(22.1) million, improvements were seen in adjusted EBITDA, which rose to $15.2 million from $4.9 million year-over-year. The company plans to cut approximately 200 jobs to optimize its cost structure, aiming for an adjusted EBITDA of $85 million and revenue growth of 6-7% in 2023. Total enterprise customers increased to 6,417, and a successful integration of acquisitions was noted.
Everbridge announced that Takeda Pharmaceutical has achieved Diamond Tier status in the Best in Resilience™ certification program, recognizing its excellence in Critical Event Management (CEM). Takeda, previously a Gold Tier member, improved its capabilities in risk assessment, crisis communication, and employee safety. The certification is based on rigorous evaluations across four key areas: Data and Analytics, Digital Transformation, Smart Process Automation, and Communication and Collaboration. Over 50 organizations have earned certification since 2021, demonstrating the program's impact on organizational resilience.
FAQ
What is the current stock price of Everbridge (EVBG)?
What is the market cap of Everbridge (EVBG)?
What does Everbridge, Inc. specialize in?
How does Everbridge's platform work?
Which industries does Everbridge serve?
How many customers rely on Everbridge's services?
What types of critical events does Everbridge handle?
How many messages did Everbridge's platform send in 2016?
How extensive is Everbridge's communication reach?
Where does Everbridge generate most of its revenue?
What recent achievements has Everbridge made?
How does Everbridge contribute to business continuity?
