Cybersecurity Incident - PowerSchool, a cloud-based solutions provider for K-12 schools and school districts, recently confirmed a cybersecurity incident that may have impacted the personal information of students, parents, and guardians [1] - The potentially impacted information includes individuals' names, addresses, and in some cases, Social Security Numbers and grades [1] Legal Investigation - Lynch Carpenter, LLP is investigating claims against PowerSchool related to this data breach [3] - Individuals who received a data breach notification from PowerSchool or their child's school or district may be entitled to compensation [3] Contact Information - Affected individuals are advised to contact Patrick Donathen at (412) 322-9243, email patrick@lcllp.com, or fill out a contact form at www.lynchcarpenter.com/contact [2] - Lynch Carpenter is a national class action law firm with offices in Pennsylvania, California, and Illinois, specializing in data privacy matters [4]

PowerSchool Holdings (PWSC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual inve ...

PowerSchool Holdings, Inc. (PWSC) , a leader in cloud-based software for K-12 education, has announced two new AI-driven tools, PowerBuddy for College and Career and PowerBuddy for Custom AI. These tools aim to revolutionize the way students, families, and school districts access and manage information, potentially driving further growth for PWSC stock. PWSC's AI Tools to Transform College and Career Planning PowerBuddy for College and Career helps students take control of their future planning by offering ...

PHILADELPHIA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Law firm Kaskela Law LLC announces that it is investigating the fairness of the recently announced proposed buyout of PowerSchool Holdings, Inc. (NYSE: PWSC) ("PowerSchool") stockholders to determine whether the proposed buyout price of $22.80 per share is fair to the company's investors. https://kaskelalaw.com/case/powerschool/ On June 7, 2024, PowerSchool announced that it had agreed to be acquired by private investment firm Bain Capital, LP at a price of $ ...

PHILADELPHIA, Sept. 3, 2024 /PRNewswire/ -- Shareholder protection law firm Kaskela Law LLC announces that it has commenced an investigation into the recently announced proposed buyout of PowerSchool Holdings, Inc. (NYSE: PWSC) ("PowerSchool") stockholders. https://kaskelalaw.com/case/powerschool/ On June 7, 2024, PowerSchool announced that it had agreed to be acquired by private investment firm Bain Capital, LP at a price of $22.80 per share in cash – a premium of just $0.43 per share, or less than 2%, to ...

Core Viewpoint - Kaskela Law LLC is investigating the proposed buyout of PowerSchool Holdings, Inc. by Bain Capital, focusing on whether shareholders are receiving adequate compensation and if there were any breaches of fiduciary duties by the company's officers or directors [1][3]. Group 1: Buyout Details - On June 7, 2024, PowerSchool announced an agreement to be acquired by Bain Capital at a price of $22.80 per share in cash, representing a premium of $0.43 per share, or less than 2%, over the previous day's closing price of $22.37 [2]. - Following the transaction's closure, PowerSchool's current shareholders will be cashed out, and the company's shares will cease to be publicly traded [2]. Group 2: Investigation Focus - The investigation aims to assess if PowerSchool's shareholders are receiving sufficient consideration for their shares and whether there were any violations of securities laws or breaches of fiduciary duties by the company's leadership in agreeing to the buyout price [3]. - Prior to the buyout announcement, at least one stock analyst had set a price target of $30.00 per share for PowerSchool, indicating a potential undervaluation in the proposed buyout price [3].

PowerSchool Holdings, Inc. (PWSC) , a leading provider of cloud-based K-12 education software in North America, has announced a major expansion into the Latin America (LATAM) region. This strategic move includes six new partnerships with schools in Belize, Honduras, St. Maarten, Mexico, Panama, and Venezuela, showcasing the company's game-changing AI assistant, PowerBuddy, and its unified communications platform, MyPowerHub. Driving Modernization Through AI By entering these new markets, PowerSchool positio ...

PowerSchool Holdings, Inc. (PWSC) reported lower-than-expected results in the second quarter of 2024, wherein its quarterly earnings and revenues missed the Zacks Consensus Estimate. The top increased while the bottom line remained flat year over year. The top-line performance was backed by an increase in subscriptions and support revenues, which was driven by increased sales of its solutions to new customers and by cross-selling and upselling to existing customers. However, an increase in total operating e ...

Core Insights - PowerSchool Holdings (PWSC) reported revenue of $191.59 million for the quarter ended June 2024, reflecting a year-over-year increase of 10.2% [1] - The earnings per share (EPS) remained unchanged at $0.23 compared to the same quarter last year, with a slight miss against the consensus estimate of $0.24, resulting in an EPS surprise of -4.17% [1] Revenue Breakdown - Subscription and support revenue was $170.13 million, slightly below the average estimate of $170.92 million, but showing a year-over-year increase of 16.1% [3] - Service revenue totaled $19.32 million, falling short of the average estimate of $21.01 million, representing a year-over-year decline of 4.3% [4] - License and other revenue was reported at $2.14 million, significantly below the estimated $3.46 million, marking a drastic year-over-year decrease of 70.2% [5] Stock Performance - Over the past month, PowerSchool shares have returned +0.4%, contrasting with a -4.5% change in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]

Group 1: Earnings Performance - PowerSchool Holdings reported quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share, which is unchanged from the previous year [1] - The earnings surprise for this quarter was -4.17%, and the company had a prior quarter surprise of -22.73% with actual earnings of $0.17 compared to an expected $0.22 [2] - Over the last four quarters, PowerSchool has surpassed consensus EPS estimates only once [2] Group 2: Revenue Performance - The company posted revenues of $191.59 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.95%, compared to $173.9 million in the same quarter last year [3] - PowerSchool has exceeded consensus revenue estimates two times over the last four quarters [3] Group 3: Stock Performance and Outlook - PowerSchool shares have declined approximately 4.2% since the beginning of the year, while the S&P 500 has gained 11.5% [4] - The company's earnings outlook is mixed, and the current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $202.26 million, with an annual estimate of $0.90 on revenues of $789.57 million [8] Group 4: Industry Context - The Schools industry, to which PowerSchool belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9] - Another company in the same industry, Afya, is expected to report quarterly earnings of $0.37 per share, reflecting a year-over-year increase of 27.6% [10]