Investment Thesis
Everbridge (EVBG) is everything an investor wishes for: high and stable revenue growth, steadily increasing share price, while its shares swap hands at 20 times multiple.
However, underneath its revenue line, I demonstrate just how inorganic its revenues actually are. And demonstrate that it will be very difficult to grasp what its profit margin profile could ultimately transpire to be.
Having said that, for now, in 2020, momentum is all that matters. And this stock is highly likely to continue to trade higher, notwithstanding its underlying bubbling problems.