Why Everbridge Stock Popped Today

Shares of Everbridge (NASDAQ: EVBG) popped today, up by 21% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings. The results topped expectations, but guidance left a little to be desired.

Revenue in the fourth quarter came in at $75.6 million, ahead of the $72.5 million in sales Wall Street was looking for. That resulted in adjusted net income of $1 million, or $0.03 per share, topping the consensus estimate of $0.02 per share in adjusted profits. The technology company, which provides software to manage critical events, said free cash flow hit a record $15.9 million and it finished the quarter with 5,613 enterprise customers.

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Source Fool.com