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Chegg Inc (CHGG.N)

CHGG.N on New York Stock Exchange

19.57USD
16 Feb 2018
Change (% chg)

$0.38 (+1.98%)
Prev Close
$19.19
Open
$19.11
Day's High
$19.92
Day's Low
$19.10
Volume
397,286
Avg. Vol
240,556
52-wk High
$19.95
52-wk Low
$7.81

Latest Key Developments (Source: Significant Developments)

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

Chegg acquires Imagine Easy Solutions
Tuesday, 3 May 2016 

Chegg Inc:Chegg acquires Imagine Easy Solutions, a market leader of online writing tools.Chegg has acquired imagine easy for approximately $42 million in an all-cash transaction.Transaction is anticipated to be accretive to Chegg's fiscal 2016 revenues and earnings.There are potential additional payments of up to $18 million over next three years that remain subject to contingencies.Of $42 million, approximately $25 million paid at closing and $17 million of which is to be paid by April 2017.There are potential additional payments of up to $18 million over next three years that remain subject to contingencies.Contingent payments may be settled either in cash or common stock, at discretion of Chegg.  Full Article

BRIEF-Chegg Q4 Earnings Per Share $0.03

* CHEGG REPORTS Q4 AND FULL YEAR 2017 FINANCIAL RESULTS AND RAISES 2018 GUIDANCE