“During these complicated times, the Chegg team continued to execute extremely well, with Chegg Study Pack take rates outperforming our expectations and retention rates reaching all-time highs, both of which positively impacts subscriptions, ARPU, and margins for Chegg Services,” said Dan Rosensweig, CEO & President of Chegg.įor its first quarter 2022 outlook, Chegg expects a total net revenue in the range of $200 million to $205 million, with its Chegg Services Revenues to be in the range of $183 million to $188 million. The company also reported 4.6 million Chegg Services subscribers, increasing by 5% year-over-year. Diving in, total net revenues for the quarter were $207.5 million, while net income was $24.3 million. On Monday, the company reported its fourth-quarter and full-year 2021 financials. With that, the company is also a leading student-first interconnected learning platform that provides an on-demand, adaptive, personalized, and backed by a network of human help. Chegg may well indeed be an education provider, but it also takes advantage of new technology to engage with its students. To begin with, it provides digital and physical textbooks rentals and also online tutoring, and other student services. ( NASDAQ: CRWD)įirst up, we have education technology company Chegg. Could one of these tech stocks be worth knowing now? Tech Stocks For Your February 2022 Watchlist ![]() All in all, the tech industry continues to power forward despite stock market losses. Arguably, the company could refocus its attention on its existing industry-leading operations. While this would signify the breaking of possibly the largest deal in the industry, investors should not overlook NVDA stock just yet. To explain, the company is scrapping its $40 billion acquisition of semiconductor maker Arm Holdings from Softbank. Meanwhile, Nvidia ( NASDAQ: NVDA) is also making headlines in the stock market now. This would be in line with the constantly improving nature of the tech world now. Ideally, Amazon could be looking to build on its current fleet of autonomous delivery vehicles. In turn, VLDR stock is currently up by over 10% as of 1:03 p.m. The current agreement includes a warrant for the e-commerce titan to purchase up to 39.6 million of VLDR stock. Namely, Amazon ( NASDAQ: AMZN) is seemingly forming a pact with autonomous driving tech firm Velodyne Lidar ( NASDAQ: VLDR). Nonetheless, investors looking to add some innovative tech firms to their portfolios are spoilt for choices now.Īt the same time, some of the biggest names in the space continue to make notable plays now. However, some would argue that this part of the normalization process by the Federal Reserve will eventually pass. Sure, the upcoming interest rate hikes could put a damper on this. ![]() ![]() Now, as the dust somewhat settles and notable earnings figures roll in, tech stocks could take center stage again. For one thing, the sector was and still is among the hardest hit at the start of 2022. While the broader stock market today/strong> attempts to recover from year-to-date losses, investors could be considering tech stocks. 3 Trending Tech Stocks To Check Out In The Stock Market Today
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