2024-01-25 09:19:48 ET
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.
Investment Outlook
Everbridge ( EVBG ) provides companies with a suite of critical event notification and safety communications capabilities.
I previously wrote about Everbridge in January 2023 with a Hold outlook as the company paused its M&A activity to focus on organic growth opportunities....
Read the full article on Seeking Alpha
For further details see:
Everbridge: Growth Slows But Operating Profit Turns Positive