Chegg (CHGG) Stock Trades Down, Here Is Why [Yahoo! Finance]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
investor.chegg.com/overview/default.aspx
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Source: Yahoo! Finance
results and provided revenue and EPS guidance for the next quarter, which missed analysts' estimates. The weak guidance was triggered by a worse-than-expected outlook for its subscription revenue, which has higher margins than its other revenue streams. During the quarter, its revenue and subscribers were in line with expectations while its EPS and EBITDA slightly beat. Overall, this was a mediocre quarter for Chegg, and the violent stock move reflects the heightened fear that this company may not exist in a year or two as AI renders its services--study guides and answer keys for students--obsolete. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Chegg? Access our full analysis report here, it's free What is the market telling us: Chegg's shares are not very volatile than the market average and over the last year have had only 20 moves greater than 5%. Moves this big are very rare for Ch
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CHGG
News
- Chegg Strengthens its Academic Advisory Board in UK and Australia, Launches New Student Advisory Council [Yahoo! Finance]Yahoo! Finance
- Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08Business Wire
- Chegg Strengthens its Academic Advisory Board in UK and Australia, Launches New Student Advisory CouncilBusiness Wire
- Chegg's Stock Price Drops 27% As ChatGPT And Free AI Tools Send Stock Plummeting [Yahoo! Finance]Yahoo! Finance
- Opus Partners with New Relic to Enhance Secure Developer Experience [Yahoo! Finance]Yahoo! Finance
CHGG
Earnings
- 4/29/24 - Beat
CHGG
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form 8-K
- CHGG's page on the SEC website