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Stock impact report

Chegg: Changing Segments Doesn't Stem These Declines [Seeking Alpha]

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: Seeking Alpha
CHGG's restructuring splits the business into "Chegg Skilling" and "Academic Services," with deep layoffs and a focus on growth in skilling. Busuu and Chegg Skills, the new growth pillars, are outmatched by competitors like Duolingo and Coursera in both brand and financial scale. I maintain a "Sell" rating on CHGG, as its turnaround plan and new segment growth are insufficient to offset legacy declines and competitive pressures. SunnyVMD/iStock via Getty Images AI is the dominant narrative in the stock market this year, but of the many companies that ChatGPT has roiled over the past few years, Chegg, Inc. ( CHGG ) may top the list. Previously best known as the maker of a This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensatio Show less Read more
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