Chegg (CHGG) Tops Q1 EPS by 1c
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Chegg (CHGG) Beat Expectations and Expanding Services into Writing - Jefferies
May 3, 2016 9:02 AM EDTJefferies analyst, Brian Fitzgerald, thinks the focus should be on Chegg (NYSE: CHGG) is growing subs and delivering timely service. Chegg Tutors and Chegg Study grew 37% Y/Y and reached 750K subs . Chegg Tutors is the Co's fastest growing service; in Q1 it achieved mgmt's goal of replying to 85% of requests within 5 mins. Chegg Study answered over 745K... More
Chegg (CHGG) Acquires EasyBib.com Provider Imagine Easy Solutions for $42M
May 2, 2016 4:02 PM EDTChegg, Inc. (NYSE: CHGG), the Student Hub, acquired Imagine Easy Solutions, the provider of popular service EasyBib.com and other essential writing tools with capabilities such as citations, bibliography, writing structure and anti-plagiarism, used by more than 7 million unique users in March 2016.
We know that writing is one of the biggest pain points for students today, with about one quarter of all college freshmen required to take remedial writing courses and employers rating less than 30% of recent graduates as being well prepared written communicators, said Dan Rosensweig, Chairman and CEO of Chegg.... More
