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Chegg soars after earnings shine

Published 05/02/2017, 02:14 PM
© Reuters.  Chegg soars after earnings shine
CHGG
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  • Chegg (CHGG +27.7%) pops after the company tops Q1 estimates.
  • Looking ahead, Chegg expects 2017 revenue of $235-$240M and adjusted EBITDA of $38-$40M.
  • Earlier today, Raymond James upgraded Chegg to Outperform, however today's runup of shares has pushed right up against RJ's price target of $12.
  • Previously: Chegg beats by $0.03, beats on revenue (May 1)
  • Now read: Chegg: Broaching The One Billion Dollar Level


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