EXHIBIT 99.01 Chegg Reports 2024 Second Quarter Earnings SANTA CLARA, Calif., August 5, 2024 /BUSINESS WIRE/ -- Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2024. "Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school sea ...

Chegg (CHGG 10.88%) stock is making big gains in Tuesday's trading. The company's share price was up 12.8% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. Has Chegg stock hit a bottom? With the stock trading at $3.65 per share as of this writing, the new target actually suggests downside of roughly 11%. Even with today's gains, Chegg is down roughly 68% year to date. Will Chegg keep getting crushed by AI? Rather than paying for Chegg's premium offerings or even providing platform ...

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per sh ...

These stocks are down as much as 74% this year. Tap into your inner contrarian. It doesn't have to stay that way. I think all three stocks have a chance to deliver meaningful gains in the final six months of 2024. They may not make back the ground they lost in the first half of this year, but even a modest bounce from these humble starting lines can beat the market. Let's take a closer look. It's hard to believe that UiPath has been roughly cut in half this year. As a leading provider of robotics, automatio ...

Parkev Tatevosian, CFA has positions in Chegg. The Motley Fool recommends Chegg. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The company wishes to reduce its global headcount by 23%, primarily to emerge as a more efficient organization, increase the speed of innovation and align its expense base with near-term revenue trends. Chegg also aims to simplify systems and processes, using partners to leverage best-in-class software for applications that are not core to its business. Shares of this student-first online learning platform plunged 77% in the year-to-date period against the Zacks Internet - Software industry's 13.3% growth. ...

The company is cutting costs as it looks to rework its offering A slimmer, refocused Chegg The company isn't standing still in the face of this threat. Chegg is developing its own customized AI tools that it hopes will drive future subscription growth. In April, the company named longtime Chief Operating Officer Nathan Schultz as CEO, with a mandate to revamp Chegg's operations. Schultz said in a statement: Is Chegg stock a buy? Management said the cuts will save $40 million to $50 million annually and reco ...

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 17, 2024 Chegg, Inc. (Exact name of registrant as specified in its charter) Delaware 001-36180 20-3237489 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3990 Freedom Circle Santa Clara, California 95054 (Address of principal executive offices) (Zip Code) (408) 855-5700 (Registrant's telephone number, including ...

Key PointsChegg is a leading online education platform providing expert answers, study guides, homework solutions, tutoring and textbook rentals for students.CheggMate AI hasn’t been able to slow the deceleration in Subscription service revenues and members, but the company will continue its multi-year integration.Chegg beat Q1 2024 EPS by a penny but lowered its top and bottom line estimates for Q2 2024.5 stocks we like better than CheggDespite the viral spread of artificial intelligence (AI) applications ...

Chegg (NYSE:CHGG) stock is falling on Tuesday following the release of the online education company’s earnings report for the first quarter of 2024.That’s despite it reporting adjusted earnings per share of 26 cents alongside revenue of $174.35 million. Both of these are better than Wall Street’s estimates of 25 cents per share and $174.1 million in revenue.Unfortunately, both Chegg’s adjusted EPS and revenue are down year-over-year. The company’s EPS for Q1 2023 was 27 cents while its revenue was $187.6 mi ...