|Bid||34.55 x 1200|
|Ask||37.40 x 4000|
|Day's Range||36.68 - 37.85|
|52 Week Range||22.67 - 41.69|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2017 - Nov 10, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||42.30|
Chegg CEO Dan Rosenweig joins Yahoo Finance's Akiko Fujita, Dan Robert and Ethan Wolff-Mann. He talks the college admissions scandal, the rising cost of college and what education institutions don't understand about today's college kids.
Chegg CEO Dan Rosensweig breaks down what moves the education platform has taken in the past three years and why the company is "believing in the inevitable."
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The stock market has staged an epic rally to start 2019, and leading the charge for the market has been growth stocks. Year-to-date, the S&P 500 is up 17.5%. Meanwhile, the iShares S&P 500 Growth ETF (NYSE:IVW) is up 19%, while the iShares S&P 500 Value ETF (NYSE:IVE) is up 16%. Thus, stocks are up big in 2019, and growth stocks have broadly outperformed value stocks. There are many reasons why investors have returned to the growth trade in 2019. For starters, the economy has stabilized and even improved amid healthier China-U.S. trade relations. When the economy is healthy, investors tend to pile into risk-on, growth-oriented investments. Of equal importance, the Fed reversed its stance from "hike at all costs" to "wait and see". This stance reversal has kept rates low, and low rates help support growth valuations. Also, secular growth trends in markets like cloud, data, AI and digital ads are hardly slowing.Long story short, the growth trade is not dead. Considering that the Fed projects to remain dovish, U.S.-China trade relations project to improve, and secular growth trends project to remain healthy, then the growth trade projects to remain alive and well for the remainder of 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe big takeaway? Stick with growth stocks. They've led the market higher over the past several years. They are leading the market higher today. And, they will continue to lead the market higher for the foreseeable future. * 7 Strong Buy Stocks That Tick All the Boxes With that in mind, let's take a look at six growth stocks to buy for the rest of the 2019. Facebook (FB)Source: Shutterstock The Long-Term Bull Thesis: The reasons to leave the Facebook (NASDAQ:FB) ecosystem were as strong as they will ever be in 2018 amid a plethora of data privacy scandals, and the company still added users. Net takeaway? Consumers are addicted to Facebook as much as they are addicted to the internet. Consequently, users aren't going to go away any time soon. Neither will advertisers, since they follow consumers. As such, Facebook's secular digital ad growth narrative remains robust. On top of that, the company is building out a complementary growth vertical in e-commerce. Overall, then, the growth trajectory at Facebook remains healthy, meaning that FB stock will only grind higher in the long run.The 2019 Bull Thesis: One of the biggest knocks against Facebook stock over the past few years has been that the company is entirely reliant on digital advertising and that the digital ad market will eventually slow. But that narrative will change in 2019. Over the next few quarters, we will see a new e-commerce growth narrative emerge. The emergence of that narrative will do two things. One, it will ease concerns related to slowing digital ad growth rates. Two, it will pave the path for 20%-plus growth to persist for a lot longer. Both of those developments will provide tailwinds for FB stock, and consequently, shares should stay in rally mode for the rest of 2019. Chegg (CHGG)Source: Shutterstock The Long-Term Bull Thesis: Digital education is the future. It only makes sense that as information migrates online, students increasingly turn towards online learning solutions to help them learn. But, at the current moment, there is no universal connected learning platform at scale. Chegg (NASDAQ:CHGG) is in the early days of becoming that. From homework solutions to on-demand tutors to test prep, Chegg provides a variety of learning tools through its all-in-one connected learning platform. Right now, Chegg only has 3.1 million subs, out of 36 million high school and college students in the U.S. Thus, the runway for growth is quite large, giving CHGG stock compelling long term upside potential. * 7 Stocks Worth Buying When They're Down The 2019 Bull Thesis: Chegg stock just dropped big on disappointing first-quarter numbers. But those numbers will get better as the year progresses. It's tough for me to believe that the recent college cheating scandal won't create a huge boost for Chegg's business come test prep time in the back half of 2019, as parents start spending more on college test prep amid what will likely become a more intense and rigorous college admissions process. Consequently, I expect to see Chegg's numbers get a lot better as the year progresses, and this improvement should get CHGG stock back on a medium to long-term uptrend. Weibo (WB)Source: Shutterstock The Long-Term Bull Thesis: The long-term bull thesis on Weibo (NASDAQ:WB) is pretty straight forward. Weibo is China's Twitter (NYSE:TWTR). But, Weibo has more users than Twitter, and operates at higher margins than Twitter. The only thing the company doesn't do as well is monetize each individual user, and that's likely a function of maturity (Twitter is three years older than Weibo). Eventually, Weibo will monetize each user at Twitter-like levels, meaning the company will have more users, more revenue, and more profits. Naturally, that should mean a bigger market cap, too. But, Weibo currently has a market cap about half the size of Twitter. Thus, long term upside potential is compelling.The 2019 Bull Thesis: The 2019 bull thesis in Weibo stock is likewise straightforward. Nothing Weibo did in 2018 warranted the huge selloff in WB stock. The numbers broadly remained very healthy. The only things that did happen were China's economy slowed meaningfully, trade tensions escalated, and the dollar strengthened. In 2019, China's economy is improving, trade tensions have eased, and the dollar has weakened. Thus, 2018 headwinds have turned in 2019 tailwinds. Ultimately, that should spark a big rally in WB stock into the end of the year. Square (SQ)Source: Via SquareThe Long-Term Bull Thesis: We are moving from a world of cash transactions, to a world of cashless transactions, and through facilitating various brick-and-mortar and e-commerce cashless transactions, Square (NYSE:SQ) is at the heart of this pivot. The company's gross payment volume as percent of global retail sales remains tiny. They are gaining traction among larger sellers. Growth rates remain robust. Margins are marching higher. The ecosystem is expanding with things like Cash App, Online Store, and Invoices. Overall, then, all signs here indicate that Square will continue to become a bigger and bigger player in the global retail scene over the next several years. As that happens, SQ stock will head higher. * 7 Marijuana Stocks That Are Bleeding Cash The 2019 Bull Thesis: SQ stock looks like a strong "buy the dip" candidate for the back half of 2019. This stock was crushed recently on weaker-than-expected Q1 numbers. But the numbers weren't that bad, and they should improve through the balance of 2019 as the global economy stabilizes and new e-commerce initiatives provide a healthy tailwind to growth. As such, things will get better for Square over the next few months, and as they do, SQ stock will rebound in a big way. iRobot (IRBT)Source: Shutterstock The Long-Term Bull Thesis: When it comes to iRobot (NASDAQ:IRBT), the long-term bull thesis hinges on the idea that the automation wave will ultimately sweep across the entire consumer household products space. iRobot started by selling robotic vacuum cleaners. Then, they got into robotic pool cleaners and mops. Now, they are getting into robotic lawnmowers. Next, they'll dive into robotic car cleaners, window cleaners, so on and so forth. In other words, this company expands its addressable market almost every year by introducing a new consumer robotics product. This trend will persist for the next several years as consumer robotics become the household norm. Ultimately, then, iRobot will benefit from huge revenue and profit growth in a long term window.The 2019 Bull Thesis: The reason to buy IRBT stock for the rest of 2019 is because this stock is due for a major bounce-back. IRBT stock was killed in late April on poor Q1 numbers. But, poor Q1 numbers are an anomaly, not the trend. Over the next several quarters, new product launches -- including the robotic lawnmower -- will drive improved results at iRobot, and that improvement will power a huge recovery rally in IRBT stock. Growth Stocks to Buy: Canopy Growth (CGC)Source: Shutterstock The Long-Term Bull Thesis: The growth potential in the cannabis space is enormous. At scale, the cannabis market will be as large, if not larger than, the global alcoholic beverage and tobacco markets. Both of those markets measure well above $500 billion, and they've each spawned multiple $100 billion-plus companies. Who will be the $100-billion plus giant in the cannabis space? Canopy Growth (NYSE:CGC). For three reasons. One, the company is already the leader in the legal Canada market by a mile. Two, they have $4 billion on the balance sheet which they are using strategically and aggressively to extend global dominance. Three, they are positioned to dominate the U.S. market, too, with the recent acquisition of Acreage. * Why I Regret Buying Cronos Group Stock The 2019 Bull Thesis: CGC stock should breakout into the end of the year for two big reasons. One, U.S. legislation is increasingly moving towards nationwide legalization of cannabis. As we inch closer to that landmark legislation, CGC stock will creep higher, given its Acreage acquisition. Two, the Canadian cannabis market is finally starting to stabilize after early volatility amid supply shortages. With those shortages in the rear-view mirror, the market should grow steadily, Canopy's numbers should improve meaningfully, and CGC stock should rise.As of this writing, Luke Lango was long FB, CHGG, WB, SQ, IRBT, and CGC. Compare Brokers The post 6 Growth Stocks to Buy for the Rest of 2019 appeared first on InvestorPlace.
Dan Rosensweig, CEO and president of Chegg, an educational resource company, talks to Yahoo Finance about how to address the rising costs of higher education.
We are now more than halfway through earnings season, and the broad takeaway has been largely bullish for stocks to buy. Long story short, first-quarter earnings were expected to be really bad due to slowing economic growth. But, they've actually been much better than expected, and second-quarter guides have been very strong, too. Overall, stocks are broadly rallying to all-time highs.But, this wasn't the case for every stock in the market. Instead, there were a handful of stocks that reported not-so-great first quarter numbers, and consequently dropped against the backdrop of market surging to new highs.Some of these stocks deserved to drop. Others, not so much. Indeed, there were are a handful of stocks which dropped big this earnings season that, quite frankly, shouldn't have dropped.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat makes for an interesting and compelling buy the dip situation. Stocks are red hot right now. Some aren't. Time to buy the dip in the ones that aren't, but should be? * 7 Dividend Stocks That Are Worth Your Money Perhaps. With that in mind, let's take a look at seven "buy the dip" stocks worth considering here and now. Buy the Dip Stocks Worth Considering: Chegg (CHGG)Source: Shutterstock Shares of digital education giant Chegg (NYSE:CHGG) dropped big after the company reported first quarter earnings and revenue beats, but guided below consensus estimates for second quarter and full year 2019 revenue.This big drop simply doesn't make much sense in the big picture. Sure, the second quarter and full-year revenue guides were weaker than expected. But, they were below the consensus estimate by less than 0.5%, and Chegg has developed a reputation for under-promising and over-delivering. As such, when all is said and done, revenues will likely come in well ahead of expectations, and this down-guide will be long forgotten old news.Further, all the growth metrics at Chegg remain rock solid. Revenue growth remains robust (north of 25%), the high margin Services business continues to ramp (34% growth), and margins continue to expand (EBITDA margins up 280 basis points in the quarter). So long as those growth metrics remain healthy, Chegg will remain on a long term winning trajectory towards becoming a very important, very valuable digital education company that investors should own for the long haul. IRobot (IRBT)Source: Shutterstock Shares of consumer robotics giant iRobot (NASDAQ:IRBT) dropped huge after the company reported first quarter numbers which missed on revenue estimates and included a worrisome slowdown in top-line growth trends.But, as investors know, a single quarter isn't a trend, it's a data point. Sure, the Q1 revenue growth data-point was weak. But, in the big picture, automation is happening everywhere, including on the consumer household products front.On that front, iRobot is the runaway leader, providing robotic vacuum and pool cleaners. This growth narrative is just getting started. Adoption of robotic vacuum cleaners will continue to rise over the next several years. iRobot will simultaneously release new products, like a robotic lawnmower. A whole consumer robotics revolution will play out, and iRobot's revenues and profits will soar higher. * The 10 Best Stocks to Buy for May In that big picture, a quarterly revenue miss in a quarter that doesn't carry much weight, is rather meaningless. As such, investors should take advantage of the recent plunge in IRBT stock. Intel (INTC)Source: Shutterstock Semiconductor giant Intel (NASDAQ:INTC) dropped sharply this earnings season after the company reported dour first quarter numbers that included an ugly second quarter guide and big cut to the full year 2019 guide.Behind the scenes, the global semiconductor market continues to struggle with falling demand and rising supply. Intel's bad Q1 numbers and ugly Q2 guide speak to this. But, over the next several months and quarters, demand should come back into the picture as the global economy finds its footing.Concurrently, supply should drop as players in the market more aggressively focus on discounting to clear inventory. Net net, by the end of 2019, the global semiconductor market should be a lot healthier than it is today.Intel is one of the biggest players in that market. As such, as the global semiconductor market improves from here into the end of the year, Intel stock should rise, too, making this dip look like a solid buying opportunity. Alphabet (GOOG)Source: Shutterstock Digital search and cloud computing giant Alphabet (NASDAQ:GOOG) had its worst day since 2012 this earnings season after the company reported first quarter numbers that pointed to a worrisome slowdown in the company's digital ad business.Namely, Alphabet reported its weakest digital ad and overall revenue growth rate in several years, and this continues what has been a multi-quarter downtrend in the company's ad growth rates. To make matters worse, Alphabet reported those numbers against the backdrop of its peers -- Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), and Snap (NYSE:SNAP) - all reporting pretty good usage and digital ad numbers this past quarter. Consequently, investors walked away from Alphabet's Q1 earnings concerned about the company's competitive positioning in the digital ad market.Such concerns are warranted. Alphabet will lose digital ad market share over the next several years as competition continues to ramp. But, the whole digital ad market is growing, and Alphabet will remain king in that market because digital search is and will remain the backbone of the internet. * 7 Dividend Stocks That Are Worth Your Money Further, margins are showing signs of bottoming, the cloud business remains hot, and Waymo has yet to make a financial impact. In other words, there is still a lot of long term growth firepower left here, and that makes this dip in GOOG stock look more like an opportunity than anything else. Twilio (TWLO)Source: Web Summit Via FlickrAfter reporting a clean double-beat-and-raise quarter, Twilio (NASDAQ:TWLO) stock actually dropped more than 5% in response as investors basically said the numbers weren't good enough.That's fair. This is a richly valued hyper-growth stock that's been on an absolute tear. Against that backdrop, Twilio needs to not only smash expectations, but also deliver far above-consensus guides, and keep doing that over and over again, in order for TWLO stock to stay in rally mode. That's a tall order. As such, it's not surprising to see some profit takers here.But, Twilio will continue to impress with consistent beat-and-raise reports over the next several years, mostly because this company is the unrivaled leader in the secular growth Communication-Platforms-as-a-Service (CPaaS) market, which is currently tiny relative to what it will be in five to ten years.As such, secular growth drivers will keep TWLO stock on a long term uptrend, and ultimately turn most dips in this stock into buying opportunities. Spotify (SPOT)Source: Spotify Music streaming giant Spotify (NYSE:SPOT) had a rough first quarter earnings season. The company beat on its most important metric, premium subscribers. They also announced above-consensus revenues for the quarter, and delivered a healthy guide. But, SPOT stock dropped in response.Why? A profit miss and slowing ad revenue growth. Neither of those concerns really hold water in the big picture. The profit miss is more a function of spending to grow, which is working, since premium subscriber growth remains north of 30%. The more important trend to watch is margins. Margins do continue to improve with scale. Meanwhile, slowing ad revenue growth is largely meaningless. The Spotify growth story is about premium subs, not ad-supported subs. Premium revs account for roughly 90% of this company's business. Ad revs are the other 10%. Thus, a slowdown in the ad business isn't all that meaningful, especially considering Premium revenue growth accelerated in the quarter. * 7 of the Best ETFs to Buy for a Slowing Economy Overall, then, Spotify actually reported pretty strong first quarter numbers. The stock just dropped in response to unnecessarily short-sighted concerns. Through the rest of the year, subscriber, revenue, and margin growth will remain robust. Today's concerns will fade away. SPOT stock will move higher.As of this writing, Luke Lango was long CHGG, IRBT, INTC, GOOG, FB, TWLO and SPOT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post 7 Stocks Worth Buying When They're Down appeared first on InvestorPlace.
Dow Jones futures edged higher on Pfizer, Merck earnings, but Google stock and tech futures fell on Google earnings. Apple earnings are tonight.
Yum China and Chegg beat earnings views late Monday, while MGM was mixed. Earlier, Burger King parent Restaurant Brands, Armstrong Worldwide and Insperity fell on mixed results.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and amortization costs, were 15 cents per share. The results exceeded ...
Chegg Inc. shares fell roughly 3% in the extended session Monday after the company reported better-than-expected revenue and earnings. The company reported first-quarter net losses of $4.2 million, or 4 cents a share, compared with losses of $2.6 million, or 2 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and amortization of intangible assets, earnings were 15 cents a share. Revenue rose to $97.4 million from $77 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 12 cents a share on revenue of $94.8 million. For the second quarter, analysts model adjusted earnings of 15 cents a share on sales of $92.2 million. Chegg said it expects second-quarter revenue of $91 million to $93 million and full-year revenue of $393 million to $398 million. Chegg stock has gained 76% in the past year, with the S&P 500 index rising 11%.
Chegg Services hits a record 2.2 million subscribers for the quarter SANTA CLARA, Calif. , April 29, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today reported financial results ...
For-profit Strategic Education is the IBD Stock of the Day. The stock is near a buy point ahead of earnings next week and gets high marks from IBD ratings.
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
PRESIDENT, CEO & CO-CHAIRMAN of Chegg Inc (NYSE:CHGG) Daniel Rosensweig sold 165,000 shares of CHGG on 04/22/2019 at an average price of $37.69 a share.
Generally speaking, investors are inspired to be stock pickers by the potential to find the big winners. But when you hold the right stock for the right time period, the rewards can be truly huge. One bright shining star...
SANTA CLARA, Calif. , April 15, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today announced that it is scheduled to release its earnings results for the first quarter of 2019 ...
Chegg (CHGG) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SANTA CLARA, Calif., April 1, 2019 /PRNewswire/ -- Today, Chegg, Inc. (CHGG), A Smarter Way to Student®, announced the release of Chegg Xcuses: the perfect excuse email generator. Chegg, the company behind revolutionary education products like Chegg Study, Chegg Writing, and Chegg Tutors, has developed a product that consistently produces the most effective excuses for all situations that students might face. When using Chegg Xcuses, students can submit their generated excuses to their professors to explain missing papers, classes, and deadlines.
NEW YORK, March 29, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
SANTA CLARA, Calif., March 26, 2019 /PRNewswire/ -- Chegg, Inc. (CHGG) today announced that it has closed its offering of convertible senior notes due 2025 (the "notes") for gross proceeds of $700.0 million. Morgan Stanley, BofA Merrill Lynch, Allen & Company LLC, Barrington Research and Northland Capital Markets acted as the initial purchasers of the notes. The notes are senior, unsecured obligations of Chegg, and interest of 0.125% per year is payable semi-annually in arrears.