Coursera stock is trading lower Tuesday despite better-than-expected third-quarter results, as the online education sector continues to grapple with the fallout from this week’s shocking warning from Chegg that its business is contracting, as more people shift time to employment from education amid a robust job market as the world emerges from the pandemic.
Full Answer
Is Coursera performing better than it should be?
So in some respects, Coursera actually does appear to be performing better than it was expected to: With Q2 revenue rising 38% year over year and gross profit margins up 170 basis points, its Q2 loss was less than expected.
Can anyone create an account on Coursera?
@CKontomitros @coursera, I have a problem with your account management practice. Anyone can create an account since you don't verify emails, but if someone mistypes his email creates an account and forgets the password after making purchases. He can't deactivate his subs
Is e-learning broken with 97% dropout?
@mdsalmanch @RomeenSheth The current e-learning system is broken with 97% dropout in platforms like Udemy & Coursera! So, we are building a combo of FB, Zoom & Patreon for learners and educational content creators. Let's chat?
What happened to nerdy's stock?
Nerdy (NRDY) went public by merging with a special purpose acquisition company (SPAC) last September, but the online tutoring marketplace quickly lost its luster. Nerdy's stock started trading at $10.96 upon closing its merger, but it's now only worth about $3 per share.
Why is coursera stock going down?
As the pandemic appears to be easing and more people are now filling jobs instead of taking online classes, there's concern the edtech boom may be over, which is why the stock is falling.
Is coursera stock a good buy?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coursera in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Coursera stock. View analyst ratings for Coursera or view top-rated stocks.
Will coursera stock go up?
Summary. Coursera is a young company (IPO 2021) with huge potential. Revenue is increasing quickly, and this trend looks set to continue. It is producing excellent quality products that have a growing demand profile.
Is coursera overvalued?
Coursera shows a prevailing Real Value of $25.49 per share. The current price of the firm is $16.34. At this time, the firm appears to be undervalued....USD 16.34 1.24 8.21%LowNext ValueHigh10.1914.1318.06
Will coursera pay dividends?
COURSERA (NYSE: COUR) does not pay a dividend.
Who will acquire coursera?
25 Million Reasons Why LinkedIn / Microsoft Will Buy Coursera | Learning Innovation.
Is Coursera a buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return2Buy18.56%3Hold10.15%4Sell5.79%5Strong Sell2.83%2 more rows
Is udemy a good stock?
Looking at valuation, Udemy Business is now generating $207 million in annual recurring revenue, up 80% year over year. Considering the stock's entire market capitalization is just $2.1 billion as of this writing, it's currently trading at just 10 times sales from Udemy Business.
Is Coursera losing money?
Documents filed with the SEC show Coursera posted revenue of $293.5 million in 2020 -- a growth rate of 59 percent over 2019. But the company did not turn a profit, reporting a net loss of $67 million in 2020. Coursera lost more money in 2020 than it did in 2019, when it lost $46.7 million.
Is Coursera successful?
Coursera, one of the companies featured on Forbes' 2018 list of Next Billion-Dollar Startups, is worth well over $1 billion, says its CEO, Jeff Maggioncalda. The seven-year-old online education provider, based in Mountain View, California, announced this morning that it had raised an additional $103 million in funding.
Are MOOC profitable?
MOOCs are expensive to produce; in many cases, a single course costs an institution more than $100,000. However, if they are able to live up to their potential and bring high-quality education to the underserved, they must continue to be available for free or nearly free.
What happened
Shares of Coursera (NYSE: COUR) fell on Wednesday, with the stock finishing the day down 10.7%.
So what
In the third quarter, Coursera's revenue rose 33% to $82.7 million, and the adjusted net loss per share came in at $0.06. Both figures beat expectations.
Now what
Investors should be aware that Coursera and Chegg have pretty different businesses, and Coursera's business may actually benefit from current trends. Chegg is a platform for high school and college learning, while Coursera's platform is used for more job-specific tech skills.
What happened
Shares of Coursera ( COUR -4.47% ) closed 8% lower on Wednesday after the online education provider reported impressive revenue growth -- but even more impressive losses -- in its first quarterly earnings report since its recent initial public offering.
So what
Coursera grew its revenue 64% year over year, to $88.4 million in Q1 2021. Gross profits grew even faster, up 71% year over year. Operating costs grew fast as well -- but not as fast as revenues, up only 56%.
Now what
Coursera provided new guidance for the current fiscal second quarter of 2021, predicting that revenue will range from $89 million to $93 million, thus growing sequentially. For the full year, Coursera anticipates revenue ranging from $369 million to $381 million.
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What happened
Shares of Coursera ( COUR -1.14% ) stock rocketed to a 17.4% gain as of 12:07 p.m. EDT Wednesday despite the company having just reported Q2 2021 financial results that look "mixed" in the extreme.
So what
Wait, what? Coursera lost three times as much money as it was "supposed" to, and its stock is going up? At first glance, it certainly does look that way. So let me unravel the mystery for you.
NYSE: COUR
When analysts make earnings estimates, they most often refer not to earnings calculated according to generally accepted accounting principles ( GAAP) but rather to pro forma earnings. And this fact can create some confusion among investors around earnings time as to whether a company "beat" or "missed" earnings.
Now what
So in some respects, Coursera actually does appear to be performing better than it was expected to: With Q2 revenue rising 38% year over year and gross profit margins up 170 basis points, its Q2 loss was less than expected.
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