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Chegg Inc (CHGG.N)

CHGG.N on New York Stock Exchange

15.76USD
10:27pm IST
Change (% chg)

$0.45 (+2.94%)
Prev Close
$15.31
Open
$15.35
Day's High
$16.00
Day's Low
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Volume
147,850
Avg. Vol
256,155
52-wk High
$16.50
52-wk Low
$6.85

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

Chegg Inc gives Q1, FY 2016 outlook
Tuesday, 23 Feb 2016 

Chegg Inc:Sees Q1 2016 Total GAAP Revenue in the range of $60 million and $65 million.Sees Q1 2016 Total Pro Forma Revenue in the range of $44 million and $47 million.Sees Q1 2016 Chegg Services Revenue in the range of $24 million and $26 million.Sees Q1 2016 Total Gross Margin on a GAAP basis between 38%; and 40%.Sees Q1 2016 Adjusted EBITDA loss of $2 million to approximately breakeven.Sees Fy 2016 Total GAAP Revenue in the range of $230 million and $250 million.Sees Fy 2016 Total Pro Forma Revenue in the range of $170 million and $185 million.Sees Fy 2016 Chegg Services Revenue in the range of $115 million and $125 million.Sees Fy 2016 Total Gross Margin on a GAAP basis between 48% and 50%.Sees Fy 2016 Total Gross Margin on a Pro Forma basis between 64% and 66%.Sees Fy 2016 Adjusted EBITDA in the range of $10 million and $20 million.  Full Article

BRIEF-Chegg Inc qtrly ‍loss per share $0.11​

* Chegg reports Q3 2017 financial results and raises full year 2017 guidance