CSIMarket
 
Chegg Inc  (CHGG)
Other Ticker:  
 
    Sector  Services    Industry Educational Services
   Industry Educational Services
   Sector  Services
 
Price: $3.3000 $-0.04 -1.198%
Day's High: $3.44 Week Perf: 0.92 %
Day's Low: $ 3.27 30 Day Perf: 8.91 %
Volume (M): 2,132 52 Wk High: $ 13.11
Volume (M$): $ 7,036 52 Wk Avg: $7.92
Open: $3.34 52 Wk Low: $2.53



 Market Capitalization (Millions $) 338
 Shares Outstanding (Millions) 102
 Employees 2,008
 Revenues (TTM) (Millions $) 702
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -138
 Capital Exp. (TTM) (Millions $) 94

Chegg Inc
Chegg Inc. is an American education technology company based in Santa Clara, California. The company's primary focus is on providing online tutoring, textbook rentals, homework help, scholarships, and other education-related services to students.

Chegg was founded in 2005 to provide online textbook rentals. It has since expanded its offerings to include a suite of digital learning services serving students at all levels of education. Today, Chegg is considered one of the leading education technology companies in the United States.

Chegg operates a variety of educational services under its brand name, including:

1. Online Tutoring Services: Chegg.com offers online tutoring services for thousands of subjects across various disciplines. Students can connect with subject matter experts on the site to receive personalized academic support in real-time.

2. Textbook Rentals: Chegg's main business model involves the rental of textbooks to students. Textbook rentals are available in both electronic and physical formats, making it easier for students to access affordable course materials.

3. Homework Help: Students can get help with their homework on Chegg by posting their questions online. Chegg's expert tutors will then respond with detailed answers, explanations, and solutions.

4. Scholarship Services: Chegg offers scholarship services, including search engines to help students find funding for their education.

5. Writing Resources: The company provides a suite of writing resources, including citation tools, grammar checkers, and plagiarism detectors, to help students improve their written assignments.

Chegg has also developed a strong mobile app that makes it easy for students to access its various services on the go. The app includes features like real-time tutoring, document scanning, and note-taking tools.

In addition, Chegg has recently expanded its offerings to include career-related services, such as resume and cover letter writing, job search tools, and career counseling.

Overall, Chegg's services are designed to help students succeed academically and achieve their career goals. The company has received numerous accolades for its commitment to providing affordable and accessible educational resources to students.


   Company Address: 3990 Freedom Circle Santa Clara 95054 CA
   Company Phone Number: 855-5700   Stock Exchange / Ticker: NYSE CHGG
   


   

Stock Performances by Major Competitors

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Business Update

Cheggs Third Annual ESG Report Unveils Strides Towards Sustainability and Social Responsibility in Education ...

Published Fri, Jun 7 2024 1:38 AM UTC

Chegg Releases Comprehensive Annual ESG Report Demonstrating Commitment to Sustainable and Ethical PracticesSANTA CLARA, Calif. ?? Chegg, Inc. (NYSE:CHGG), the innovative student-first platform for connected learning, proudly presents its third annual Environmental, Social, and Governance (ESG) report for the 2023 reporting year. This comprehensive report highlights the comp...

Chegg Inc

Chegg Inc. Faces 7.328% Revenue Decline in First Quarter of 2024

As a financial analyst covering Chegg Inc for the CSIMarket.com, the recent fiscal period results for the company have been quite telling. The educational services industry saw a rise in topline revenue, but unfortunately, Chegg Inc experienced a decrease in revenue by -7.328% to $173.85 million year on year. This was accompanied by a slip into a deficit of -$0.01 per share, a stark difference from the previous period where they had a bottom line of $0.09 per share.
The company attributed this decline in revenue to lower orders, which ultimately led to a vanishing revenue and an increased deficit. Despite this setback, CEO and President of Chegg, Inc., Dan Rosensweig, remains optimistic about the future. He highlighted the company's reinvention through the use of artificial intelligence, which has been instrumental in navigating through challenging times.

Management Changes

Deena Bahri Appointed as Chegg's Chief Marketing Officer, Driving Higher ROI in Q4 2023

Published Wed, Mar 27 2024 1:00 PM UTC

Chegg Appoints Deena Bahri as Chief Marketing Officer
Facts:
- Chegg, Inc. has announced the appointment of Deena Bahri as its new Chief Marketing Officer.
- The appointment is effective from March 27, 2024.
- Deena Bahri brings with her 20 years of experience and has held key marketing positions at brands such as Birchbox, Gilt Groupe, and Reebok.
- She...

Stock Issue News

Chegg Announces Equity Awards to Newly Hired Employees While Initiating $150 Million Share Repurchase Program

Published Thu, Mar 14 2024 8:05 PM UTC



SANTA CLARA, Calif. - Chegg Inc. (NYSE: CHGG), the leading student-first connected learning platform, recently unveiled significant developments underlying its commitment to employees and shareholders alike. On March 12, 2024, the company's Compensation Committee granted equity awards in accordance with the Chegg 2023 Equity Inducement Plan. This initiative aimed t...

Chegg Inc

Chegg Inc Soars with 607.89% Increase in Net Profit per Share Amidst Challenging Business Landscape

Chegg Inc, a leading student-first connected learning platform, has reported its financial results for the October to December 31, 2023 interval. The company experienced a significant increase in net profit per share, which soared by 607.89% to $0.09 per share compared to $0.01 the previous year. Additionally, the net profit per share turned positive from -$0.16 per share in the preceding reporting season.
However, the company saw a decrease in revenue of -8.363%, amounting to $188.03 million in comparison to $205.19 million in the same reporting season the previous year. Despite this decline, the sequential revenue improved by 19.554% from $157.28 million.
In terms of net profits, Chegg Inc reported $9.665 million for the October to December 31, 2023 interval, representing a substantial increase of 420.18% from the net earnings of $1.858 million reported in the same interval a year ago.






 

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Chegg Inc does not provide revenue guidance.

Earnings Outlook
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