Here's Why Everbridge Shares Are Surging Today

August 26, 2022 6:31 AM | 1 min read |

Enterprise software company Everbridge, Inc EVBG explored strategic options, including a sale, Bloomberg reports.
Potential buyers could include industrial companies and private equity firms.
Everbridge provides software to companies that help them contact employees in the case of natural disasters and other emergencies.
Activist investor Ancora Holdings Group said in May that Everbridge could fetch more than $70 per share in a sale.
Everbridge clocked a 19% revenue growth in Q2 to $103 million, topping the consensus. Non-GAAP EPS was $0.03.
Everbridge ended the second quarter with 6,345 global enterprise customers, up from 5,890 at the end of the second quarter of 2021.
Price Action: EVBG shares traded higher by 19.15% at $42.62 in the premarket on the last check Friday.