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Are Investors Undervaluing Chegg (CHGG) Right Now?
Zacks Investment Research· 2024-04-11 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these ...
Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08
Businesswire· 2024-03-14 20:05
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on March 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Twenty-one newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 80,771 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A ...
The 3 Most Undervalued Education Stocks to Buy Now
InvestorPlace· 2024-03-05 00:25
It’s said that “knowledge is power.” The education sector is therefore the backbone of growth for any country or economy. Plus, the education sector will continue to grow at a steady pace, which will create substantial opportunities for education stocks, most notably undervalued education stocks. The U.S. education market was valued at $1.4 trillion in 2021. The market size is anticipated to increase to $3.1 trillion by 2030. This would imply growth at a CAGR of 4.2%. Among the various trends in the educati ...
Chegg(CHGG) - 2023 Q4 - Annual Report
2024-02-19 16:00
(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-36180 Title of each class Name of each exchange on which registered Common Stock, $0.001 par value per share The New York Stock Exchange TABLE OF CONTENTS Page PART I Item 1. Business 4 Item 1A. Risk ...
3 AI Stocks that Could be the Next Palantir
InvestorPlace· 2024-02-15 16:52
Palantir (NYSE:PLTR) is enjoying a moment in the spotlight as five consecutive profitable quarters point to a strong and fruitful future ahead, especially compared to many other floundering artificial intelligence (AI) stocks. Underperformance is a major problem with AI investing today. Many companies are using buzzwords or throwing an OpenAI ChatGPT wrapper onto a poorly planned product and calling it “innovation.”That’s why finding the next Palantir among AI stocks is a tricky proposition. But using Palan ...
Chegg Announces 2nd Annual Global Student Mental Health Week Amid Growing Loneliness Epidemic
Businesswire· 2024-02-13 15:00
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), today announced that it has partnered with esteemed non-profits and organizations from around the world for Global Student Mental Health Week 2024, taking place from February 26 to March 3. In its second year, Student Mental Health Week will have a special focus on tackling student loneliness. The World Health Organization has deemed social isolation an issue and a global health priority, and warned of the impact of loneliness on well-being. Th ...
3 Doomed Tech Stocks to Dump Before They Dive: February 2024
InvestorPlace· 2024-02-06 18:29
There are some doomed tech stocks to sell amid the broader indices, like the Nasdaq, heading lower. These companies face a myriad of challenges that make them risky investments.Investors need to reevaluate their portfolios and identify companies with fundamental issues that may not weather the storm of what could be a dicey bear market sometime in the middle of this year.So, here are some doomed tech stocks that investors should consider removing from their portfolios.Snap (SNAP)Source: BigTunaOnline / Shut ...
Chegg revenues slip as AI push continues
Proactive Investors· 2024-02-06 12:31
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Chegg(CHGG) - 2023 Q4 - Earnings Call Transcript
2024-02-06 01:46
Chegg, Inc. (NYSE:CHGG) Q4 2023 Earnings Conference Call February 5, 2024 4:30 PM ET Company Participants Tracey Ford - Vice President, Investor Relations and ESG Dan Rosensweig - Co-Chairperson and Chief Executive Officer Andy Brown - Chief Financial Officer Conference Call Participants Jeff Silber - BMO Capital Markets Bryan Smilek - JPMorgan Kunal Madhukar - UBS Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Brian Peterson - Raymond James Alex Fuhrman - Craig-Hallum Eric Sheridan - Goldman ...
Compared to Estimates, Chegg (CHGG) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-06 00:01
For the quarter ended December 2023, Chegg (CHGG) reported revenue of $187.99 million, down 8.4% over the same period last year. EPS came in at $0.36, compared to $0.40 in the year-ago quarter.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $186.12 million. With the consensus EPS estimate being $0.35, the EPS surprise was +2.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...