Coursera stock price just suffered a harsh reversal: buy the dip?
Coursera (NYSE: COUR) stock price has been highly volatile since Friday last week. It initially went parabolic, soaring to a high of $11.73 after publishing robust quarterly results.
Why Coursera Stock Dived by Almost 13% Today
After a monster bull run Friday, the shares experienced quite a hangover the following trading day. An analyst's price-target cut contributed to this; profit taking was a likely culprit, too.
Cantor Fitzgerald Just Raised Its Price Target on Coursera (COUR) Stock
Shares of Coursera (NYSE: COUR ) are surging higher by over 45% after the online educational provider reported its second quarter earnings. Coursera's revenue tallied in at $170.3 million, up by 11% year-over-year and beating the analyst estimate for $164.7 million.
Coursera Stock Soars 46% After Earnings. AI Gives Revenue a Sharp Boost.
Coursera stock is on pace for its best day on record.
Coursera Stock Heads for Best Day Ever After Earnings
Online learning provider Coursera Inc (NYSE:COUR) is 55% higher at $11.48 at last glance, heading for its best day ever after reporting second-quarter revenue that beat expectations.
Why Coursera Stock Exploded 51% Higher Today
Coursera beat analyst forecasts for sales and earnings last night. The stock is surging on a surprisingly strong adjusted profit -- and smaller GAAP losses.
Coursera, Inc. (COUR) Q2 2024 Earnings Call Transcript
Coursera, Inc. (NYSE:COUR ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Cam Carey - Head of Investor Relations Jeff Maggioncalda - President, Chief Executive Officer and Director Ken Hahn - Chief Financial Officer Conference Call Participants Josh Baer - Morgan Stanley Stephen Sheldon - William Blair Jeffrey Silber - BMO Capital Markets Brian Peterson - Raymond James Taylor McGinnis - UBS Chris Fountain - RBC Ryan MacDonald - Needham Devin Au - KeyBanc Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to Coursera's Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode and please be advised that this call is being recorded.
Coursera (COUR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Coursera (COUR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Coursera (COUR) Beats Q2 Earnings and Revenue Estimates
Coursera (COUR) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to break-even earnings per share a year ago.
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With the artificial intelligence (AI) trade suddenly and viciously pulling the brakes over the past week, dip-buyers may finally have their chance to pounce. Indeed, the latest pullback in the Nasdaq 100 may still have room to go as investors dig deeper into a worst-case scenario for semis should geopolitical tensions begin to mount.
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The great resignation began sometime in early 2021, coinciding with the pandemic. It was marked by a massive voluntary resignation by many workers across the U.S. Those workers cited unfavorable work conditions, burnout, and a lack of advancement opportunities as people reconsidered what was important to them in their work lives.
Coursera: A Good Contrarian Buy
Coursera has strong revenue growth potential driven by demand for professional certifications and online degree courses. The company benefits from operating leverage, cost-saving initiatives, and a healthy balance sheet, making it a good contrarian buying opportunity. Coursera's margin growth prospects look positive with inherent leverage in its business model and cost-saving initiatives through AI implementation.
