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Chegg Inc (CHGG.N)

CHGG.N on New York Stock Exchange

26.48USD
15 Nov 2018
Change (% chg)

$0.43 (+1.65%)
Prev Close
$26.05
Open
$25.82
Day's High
$26.48
Day's Low
$25.65
Volume
665,980
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320,794
52-wk High
$32.81
52-wk Low
$13.84

Latest Key Developments (Source: Significant Developments)

Chegg Reports Q3 Loss Per Share Of $0.12
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Chegg Inc ::CHEGG REPORTS Q3 2018 FINANCIAL RESULTS.Q3 REVENUE $74.2 MILLION VERSUS I/B/E/S VIEW $69.2 MILLION.CHEGG - QTRLY LOSS PER SHARE $0.12.CHEGG - SEES 2018 TOTAL NET REVENUE IN RANGE OF $315 MILLION TO $318 MILLION.CHEGG - SEES 2018 ADJUSTED EBITDA IN RANGE OF $33 MILLION TO $34 MILLION.CHEGG - SEES 2019 TOTAL NET REVENUE OF ABOUT $388 MILLION.CHEGG - SEES 2019 ADJUSTED EBITDA OF ABOUT $112 MILLION.FY2018 REVENUE VIEW $309.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Chegg Says Reaffirmed Previous Guidance For Q3 Of 2018 - SEC Filing
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Chegg Inc ::CHEGG SAYS REAFFIRMED PREVIOUS GUIDANCE FOR Q3 OF 2018 - SEC FILING.CHEGG - ON SEPT 19, CO LEARNED THAT ON OR AROUND APRIL 29, AN UNAUTHORIZED PARTY GAINED ACCESS TO A CO DATABASE.CHEGG INC - EXPECTS TO START NOTIFYING APPROXIMATELY 40 MILLION ACTIVE AND INACTIVE REGISTERED USERS AND CERTAIN REGULATORY AUTHORITIES ON SEPTEMBER 26.CHEGG - BELIEVES SECURITY INCIDENT TO NOT HAVE MATERIAL IMPACT ON FINANCIAL RESULTS FOR FULL YEAR ENDING DECEMBER 31, 2018.CHEGG INC - UNDERSTANDS THAT NO SOCIAL SECURITY NUMBERS OR FINANCIAL INFORMATION WERE OBTAINED IN INCIDENT.CHEGG - COMPANY DATABASE THAT WAS ACCESSED HOSTS USER DATA FOR CHEGG.COM & CERTAIN OF CO'S FAMILY OF BRANDS SUCH AS EASYBIB.CHEGG INC - INFORMATION THAT MAY HAVE BEEN OBTAINED COULD INCLUDE A CHEGG USER'S NAME, EMAIL , SHIPPING ADDRESS, USERNAME, & HASHED PASSWORD.CHEGG INC - INVESTIGATION INTO INCIDENT, WHICH IS SUPPORTED BY THIRD-PARTY FORENSICS, IS ONGOING.  Full Article

Chegg Reports Qtrly Net Loss Per Share $0.03
Monday, 30 Jul 2018 

July 30 (Reuters) - Chegg Inc ::QTRLY NET LOSS PER SHARE $0.03.CHEGG REPORTS Q2 2018 FINANCIAL RESULTS AND RAISES FULL YEAR 2018 GUIDANCE.Q2 EARNINGS PER SHARE VIEW $0.08 -- THOMSON REUTERS I/B/E/S.Q2 REVENUE $74.2 MILLION VERSUS I/B/E/S VIEW $70.3 MILLION.SEES FY 2018 REVENUE $306 MILLION TO $311 MILLION.SEES Q3 2018 REVENUE $68 MILLION TO $69.5 MILLION.QTRLY NON-GAAP NET INCOME WAS $15.5 MILLION.  Full Article

Chegg Acquires Studyblue For About $20.8 Mln In An All Cash Transaction
Monday, 2 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
Wednesday, 16 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​
Monday, 30 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

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

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