Coursera Inc Stock Price, News & Analysis

Coursera (NYSE: COUR) is set to release its second quarter fiscal year 2021 financial results on August 3, 2021, post-market close. The earnings will be shared via press release and financial statements, followed by a conference call at 2:00 p.m. PT. Investors can access the live webcast and archived replay on Coursera's Investor Relations website. The company, established in 2012, serves over 82 million learners, partnering with 200+ institutions to offer a comprehensive range of learning options, from courses to degrees.

The Global Skills Report by Coursera highlights a worsening digital skills gap in the US exacerbated by the pandemic. Over 77 million learners' data reveals the US ranks low globally in digital skills, placing 29th in business and 30th in technology. Notably, regions like the South lag in training for middle-skill jobs. However, the rate of women enrolling in online courses increased significantly. The report emphasizes the necessity of accessible credentials for reskilling, with an expectation of 97 million new digital jobs worldwide by 2025, underscoring the urgency of addressing the skills gap.

Coursera, Inc. (NYSE: COUR) has announced participation in two upcoming conferences. The William Blair 41st Annual Growth Stock Conference is set for June 3, 2021, featuring CEO Jeff Maggioncalda at 10:00 a.m. PT. Following that, the Stifel 2021 Virtual Cross Sector Insight Conference will take place on June 8, 2021, with CFO Ken Hahn speaking at 12:20 p.m. PT. Live and archived webcasts will be available on the company's investor relations website. Coursera serves over 82 million learners and partners with over 200 institutions to provide a variety of educational content.

Coursera (NYSE: COUR) has announced that its CFO, Ken Hahn, will participate in a fireside chat at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 9:45 a.m. PT / 12:45 p.m. ET. A live webcast and an archived replay will be accessible on Coursera's Investor Relations website.

Coursera emphasizes its commitment to transparency by sharing material information via various channels, including SEC filings and webcasts. Founded in 2012, Coursera has over 82 million registered learners and collaborates with over 200 educational partners.

Coursera (NYSE: COUR) has announced a partial early release of lock-up restrictions on certain shares of its common stock. As of May 4, 2021, 25% of the shares held by executive officers, directors, and other equityholders can be sold starting May 11, 2021, pending specific share price conditions. Approximately 34 million shares will be eligible for trading, subject to Securities Act regulations. The remaining shares will still be under lock-up agreements.

Coursera (NYSE: COUR) reported a strong first quarter for fiscal 2021, ending March 31, with total revenue of $88.4 million, a 64% increase year-over-year. Gross profit rose 71% to $49.5 million, representing 56.1% of revenue. However, the company incurred a net loss of $(18.7) million, though this loss represented an improvement as a percentage of revenue. Key metrics show a surge in registered learners to 82 million and a significant 63% growth in Enterprise revenue, reflecting strong demand for online learning. Outlook for Q2 revenue is projected between $89 and $93 million.

Coursera (NYSE: COUR) will announce its Q1 FY 2021 financial results after market close on May 4, 2021. A press release with financial statements will precede a conference call at 2:00 p.m. PT (5:00 p.m. ET).

The conference call will be available via investor.coursera.com, where participants can also register for the event. Coursera, founded in 2012, has over 77 million registered learners and partners with 200+ leading institutions to provide diverse online learning offerings.

Coursera, Inc. has priced its initial public offering at $33.00 per share, offering a total of 15,730,000 shares. This includes 14,664,776 shares from Coursera and 1,065,224 shares from selling stockholders, aiming for gross proceeds of $483.9 million. Shares will trade on the NYSE under the ticker COUR starting March 31, 2021, with the offering expected to close on April 5, 2021. Coursera has granted underwriters a 30-day option for an additional 2,359,500 shares. Morgan Stanley and Goldman Sachs are leading the offering.

Coursera, Inc. has filed a registration statement on Form S-1 with the SEC for a planned initial public offering (IPO) of its common stock, with the number of shares and price range yet to be established. The company intends to list its shares on the New York Stock Exchange under the ticker symbol COUR. Morgan Stanley and Goldman Sachs will serve as lead book-running managers, while Citigroup and UBS will be additional bookrunners. The offering will be conducted via a prospectus, and a registration statement has been filed but is not yet effective.