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Chegg Inc (CHGG.N)

CHGG.N on New York Stock Exchange

28.92USD
13 Jul 2018
Change (% chg)

$-0.22 (-0.75%)
Prev Close
$29.14
Open
$29.16
Day's High
$29.31
Day's Low
$28.78
Volume
128,708
Avg. Vol
350,220
52-wk High
$29.74
52-wk Low
$13.21

Latest Key Developments (Source: Significant Developments)

Chegg Acquires Studyblue For About $20.8 Mln In An All Cash Transaction
Tuesday, 3 Jul 2018 

July 2 (Reuters) - Chegg Inc ::CHEGG ENHANCES CONTENT AND FLASH CARD TOOLS OFFERING WITH ACQUISITION OF STUDYBLUE, TO INCREASE VALUE FOR STUDENTS AND EXPAND ADDRESSABLE MARKET.CHEGG INC - ACQUIRED STUDYBLUE FOR APPROXIMATELY $20.8 MILLION, IN AN ALL CASH TRANSACTION.CHEGG INC - DOES NOT EXPECT ANY MATERIAL IMPACT ON Q2-18 OR FULL YEAR 2018 GUIDANCE ISSUED ON APRIL 26, 2018 DUE TO DEAL.CHEGG INC - ANTICIPATES A RESTRUCTURING CHARGE OF APPROXIMATELY $1.0 MILLION IN NEXT YEAR, FOR FACILITY CONSOLIDATION AS A RESULT OF ACQUISITION.CHEGG INC - STUDYBLUE WILL BECOME A CHEGG SERVICE.  Full Article

Chegg Acquired Writelab For About $15 Mln In All Cash Transaction
Thursday, 17 May 2018 

May 16 (Reuters) - Chegg Inc ::CHEGG DEEPENS INVESTMENT IN WRITING AND AI WITH ACQUISITION OF WRITELAB.CHEGG INC - CHEGG ACQUIRED WRITELAB FOR APPROXIMATELY $15 MILLION, IN AN ALL CASH TRANSACTION.CHEGG INC - AS A RESULT OF DEAL, DOES NOT EXPECT ANY MATERIAL EFFECT ON OPERATIONS, Q2 GUIDANCE, OR FULL YEAR 2018 GUIDANCE ISSUED ON APRIL 26, 2018.  Full Article

Chegg prices upsized offering of $300 mln of 0.25 pct convertible senior notes due 2023
Thursday, 29 Mar 2018 

March 29 (Reuters) - Chegg Inc ::CHEGG PRICES UPSIZED OFFERING OF $300.0 MILLION OF 0.25% CONVERTIBLE SENIOR NOTES DUE 2023.‍AGGREGATE PRINCIPAL AMOUNT OF OFFERING WAS INCREASED FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $250.0 MILLION​.  Full Article

Chegg To Offer $250 Mln Of Convertible Senior Notes Due 2023
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Chegg Inc ::CHEGG TO OFFER $250.0 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2023.CHEGG INC - PROPOSES TO OFFER $250.0 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2023​.CHEGG INC - EXPECTS TO USE PROCEEDS FROM OFFERING OF NOTES TO PAY COST OF CAPPED CALL TRANSACTIONS TO MANAGE POTENTIAL DILUTION.CHEGG INC - ALSO EXPECTS TO USE UP TO ABOUT $20 MILLION OF PROCEEDS FROM OFFERING TO REPURCHASE SHARES OF COMMON STOCK CONCURRENTLY.  Full Article

Chegg Inc qtrly ‍loss per share $0.11​
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Chegg Inc ::Chegg reports Q3 2017 financial results and raises full year 2017 guidance.Q3 revenue $62.6 million versus i/b/e/s view $57.8 million.Sees fy 2018 revenue about $295 million.Sees q4 2017 revenue $70 million to $71 million.Sees fy 2017 revenue $251 million to $252 million.Chegg Inc qtrly ‍loss per share $0.11​.  Full Article

Chegg acquires math technology
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Chegg Inc :Chegg acquires math technology.Chegg inc - deal for ‍eur 12.5 million​.Chegg inc - ‍as a result of acquisition, chegg does not expect any material effect on operations for 2017​.Chegg - potential additional payments of up to eur 7.5 million and up to eur 3.2 million in rsus over next three years are subject to contingencies​.Chegg inc - acquired german-based cogeon gmbh, a provider of adaptive math technology and developer of math app, math 42​.  Full Article

BRIEF-Chegg reports Q4 revenue of $63.1 mln (Feb 13)
Tuesday, 14 Feb 2017 

Corrects Q4 revenue in headline and second bullet to $63.1 mln from $254.1 mln.Chegg Inc : Chegg reports Q4 and full year 2016 financial results . Q4 revenue fell 7 percent to $63.1 mln . Q4 revenue view $58.8 million -- Thomson Reuters I/B/E/S . Sees Q1 2017 revenue $57 million to $59 million . Sees FY 2017 revenue about $230 million . Q1 earnings per share view $0.02, revenue view $57.7 million -- Thomson Reuters I/B/E/S . Q4 Chegg services revenues grew 54 pct year-over-year to $44.3 million, or 70 pct of total net revenues compared to 42 pct in Q4 2015 . Says Q4 required materials revenues of $18.8 million compared to $39.5 million in Q4 2015 . Sees Q1 Chegg services revenues in range of $38 million to $40 million . Sees Q1 gross margin between 62 pct to 64 pct .Sees 2017 total net revenues of $230 million.  Full Article

Chegg reports Q2 2016 results
Tuesday, 2 Aug 2016 

Chegg Inc : Q2 revenue $53 million versus I/B/E/S view $51.2 million . Chegg reports second quarter 2016 results . Qtrly loss per share $0.10 . Sees Q3 Non-GAAP total net revenues in range of $48 million and $52 million .Sees adjusted EBITDA to range between loss of $2 million and breakeven in Q3.  Full Article

BRIEF-Chegg Acquired Writelab For About $15 Mln In All Cash Transaction

* CHEGG DEEPENS INVESTMENT IN WRITING AND AI WITH ACQUISITION OF WRITELAB