Technology Sector Ideas

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Everbridge (EVBG) - >>> 19 of the Best Stocks You've Never Heard Of

Kiplinger

by Jeff Reeves

6-23-20


https://www.kiplinger.com/slideshow/investing/t052-s001-19-of-the-best-stocks-youve-never-heard-of/index.html


Everbridge

Sector: Information technology
Market value: $4.9 billion
Dividend yield: N/A

Everbridge (EVBG, $135.86) is a cloud-based data and communications company that specializes in emergency responses. Its specialized team knows how to protect networks and ensure resilience, and how to step in and handle things when a critical event happens.

Whether it's fighting malicious hackers holding key information for ransom or conducting proactive programs at a company that has sensitive client info it needs to protect, Everbridge has what it takes to respond to the unique threats to business continuity in a digital age.

With working from home on the rise thanks to coronavirus in 2020, it's natural to see an increase in cybersecurity issues. After all, folks in the office can depend on the IT department to update their virus protection software and to monitor the security of the network -- but a decentralized workforce means more ways that bad actors could try to find a way in.

These trends have resulted in an acceleration in sales, and analysts everywhere from SunTrust to Robert Baird to Stifel Nicolaus have labeled Everbridge a Buy or increased their price target in recent weeks. Needham & Co.'s Scott Berg raised his price target from $135 to $175 in late May, writing, "we understand EVBG shares look expensive. Our new valuation for EVBG assumes that the company is firing on all sales cylinders and has multiple opportunities that can drive significant upside to current expectations."

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