Whatever concerns investors have about the coronavirus leading to economic challenges and a decline in corporate spending, they're not extending those fears to Everbridge., which began in China and has now killed at least 38 people in the U.S., with over 1,300 cases confirmed. Analysts at Raymond James wrote in a brief to clients last week that, based on "C-level interest in protecting employees/assets," Everbridge will see "potential bookings tailwinds in 2020.
For the COVID-19 outbreak, Everbridge is bringing in all its historical data and pattern recognition and combining it with a real-time communications system that lets cities and states get information to the right people. In the weeks since the coronavirus hit the U.S.
last year climbed 37% from 2018 to $200.9 million, and the stock rose 38%, beating the S&P 500's 29% gain.
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