Stride Inc Stock Price, News & Analysis

Tech Elevator has partnered with Niantic to offer a scholarship program aimed at 20 underrepresented individuals in the San Francisco Bay, Los Angeles, and Seattle areas. Recipients will receive a tuition-free coding bootcamp lasting 14 weeks, leading to a potential six-month apprenticeship at Niantic or with Tech Elevator's hiring partners. Applications are currently open for a program start on October 24, 2022. The initiative is part of a broader commitment to increase inclusivity within the tech workforce.

Stride, Inc. (NYSE: LRN) reported fiscal 2022 results showing strong performance with revenues of $1.69 billion, a 9.8% increase from the previous year. Career Learning segments saw remarkable growth, with a 60% rise in revenue, surpassing $400 million. Income from operations rose 41.8% to $156.6 million, and net income increased 49.9% to $107.1 million with diluted earnings per share reaching $2.52. Enrollment in Career Learning surged by 41.6% year-over-year, reflecting robust demand.

Stride, Inc. (NYSE: LRN) announced that Dr. Craig R. Barrett has been elected Chairman of the Board, succeeding Nathaniel A. Davis, who is retiring after 13 years. Under Davis's leadership, Stride improved student outcomes and achieved over $1.5 billion in annual revenue. The company also expanded its career learning business, serving over 42,000 students, a 36% growth year-over-year. Dr. Barrett, who joined the Board in 2010, expressed excitement for Stride's potential and commitment to innovation and shareholder value.

Grand Canyon Private Academy (GCPA) has announced open enrollment for its 2022-2023 school year, targeting students in grades K-10 in Arizona. With plans to expand to K-12, GCPA will provide personalized education and career-focused electives from 7th grade. The academy aims to address educational gaps, especially given that over 85,000 job openings in Arizona require less than a bachelor's degree. GCPA's curriculum is provided by Stride, Inc. (NYSE: LRN), emphasizing a blend of academic and practical learning.

Career Academy of Utah (CAU), a newly-established virtual charter school, has appointed Dr. Bonita Teasley as Head of School. With over 20 years in public education, Dr. Teasley aims to enhance student learning and compliance through a collaborative approach. CAU, part of the Stride Career Prep program, offers career-prep classes and the opportunity for students to earn college credits while still in high school. Enrollment is now open for Utah students in grades K-9, with plans for expansion to 12th grade in future years.

Arkansas Virtual Academy (ARVA) has been recognized as the top public high school in Arkansas for offering iCEV industry certification classes. In collaboration with notable organizations, ARVA students earned 89 certifications and completed over 700 in total, enhancing career readiness. Industry certifications, aligned with real-world standards, significantly improve students' academic performance and career prospects. Enrollment for the 2022-2023 school year is now open, providing families with access to a tuition-free, online public education.

Stride, Inc. (NYSE: LRN) reveals that as the school year begins, only 55% of parents support public education, with 45% favoring private schooling for their children. A survey indicates 50% of parents would opt for virtual schooling due to ongoing COVID-19 concerns. Key worries include safety, with 54% concerned about gun violence in schools and 81% desiring more transparency on school activities. Stride's K12 platform reports over two million students opting for at-home education, with 80% of parents pleased with the outcomes.