Shares of Everbridge Inc (EVBG) are trading 14% higher at a price of $40.855 at the time of this writing. Shares of the stock are rapidly surpassing other names in the space on what is turning out to be a slightly pessimistic day for the Information Technology sector.

-Everbridge stock jumps 11% after report of potential sale process (NASDAQ:EVBG)
-Everbridge (EVBG) late last month named David Wagner, formerly president and CEO of Zix, as its new CEO.
-Earlier in the month, the technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15

Everbridge Inc has been trading between a 52-week high of $167.4 and a 52-week low of $24.1. The stock has a market cap of $1.62 Billion.

Everbridge, Inc. is a global software company that provides enterprise software applications that automate and accelerate organizations' operational response to critical events in order to Keep People Safe and Businesses Running™. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyber-attacks or other incidents such as product recalls or supply-chain interruptions, over 5,600 global customers rely on the Company's Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication modalities, and track progress on executing response plans.

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