Everbridge CEO Resignation Raises Execution Risks. Analysts Downgrade the Sinking Stock.

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https://www.barrons.com/articles/everbridge-evbg-stock-ceo-resignation-analyst-downgrades-51639153633


Dec. 10, 2021 11:29 americium ET

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Everbridge shares were plummeting aft CEO David Meredith resigned, prompting analysts to downgrade their ratings connected the banal amid execution concerns.

The endeavor bundle institution besides reiterated fourth-quarter guidance but provided preliminary gross maturation guidance for 2022 of 20% to 23%, little than Wall Street’s statement forecast of 24.5% oregon $457.9 million.

The...


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