Why Everbridge Stock Just Collapsed

The market is experiencing a major loss of confidence in software maker Everbridge (NASDAQ: EVBG), the self-proclaimed "global leader in critical event management." As of 11:40 a.m. ET Friday, the stock had plunged by 45.8%.

Already, no fewer than eight separate analysts have pulled support for the stock, downgrading the shares mostly to neutral, market perform, and similar flavors of hold. One analyst bit the bullet and went all the way to underperform on Everbridge: Bank of America's Brad Sills.

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Source Fool.com