Coronavirus Stock Everbridge Soars 24% After Earnings Release

Everbridge (NASDAQ: EVBG), the leader in critical event management and enterprise safety software applications, reported first-quarter 2020 results after the market close on Tuesday.

Shares closed up a whopping 23.8% on Wednesday. We can attribute the stock's gain to the adjusted loss per share coming in much less than the Wall Street consensus estimate, along with the company significantly raising its bottom-line guidance for 2020.

If you've never heard of Everbridge, that might be because it's only been publicly traded for less than four years. It held its initial public offering (IPO) in September 2016. Everbridge has been flying under the radar of many investors, but in late April, I included it as one of eight coronavirus stocks to consider buying.

Source Fool.com