EVBG

Everbridge Inc

TMT


Presented:09/17/2021
Price:$160.25
Cap:$6.15B
Current Price:$35.00
Cap:$1.46B

Presented

Date09/17/2021
Price$160.25
Market Cap$6.15B
Ent Value$5.28B
P/E RatioN/A
Book Value$10.59
Div Yield0%
Shares O/S38.39M
Ave Daily Vol358,745
Short IntN/A

Current

Price$35.00
Market Cap$1.46B
Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organizations operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans. The company was founded by Cinta Putra and Steve Kirchmeier in 2002 and is headquartered in Burlington, MA.

Publicly traded companies mentioned herein: Everbridge Inc (EVBG), PagerDuty Inc (PD), Twilio Inc (TWLO)

Highlights

The presenter is long shares of Everbridge Inc (EVBG), the leader in the enterprise incident notification space. He likens the core business to an “AMBER Alert on steroids,” as it can drill down to a more granular level. For example, if there is a threat (forest fire, active shooter, natural disaster, etc.) near one of an enterprise’s buildings, EVBG can text/email the employees in that building with the specific threat. The business has also branched out into two other use cases: IT / IoT alerting, which uses the same delivery mechanisms to alert IT teams when systems are going down; and preventative data, selling data on historical incidents to companies and governments, which helps to analyze which areas are most prone to issues and how to lower risk rather than just notify after incidents occur. The stock currently trades at $160 per share, and he uses an 18x revenue multiple (peer average is 21x) to reach a $290 share price target by the end of next year. 

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