Stride Inc Stock Price, News & Analysis

MedCerts has partnered with the SkillUp Coalition to provide IT certification training for under- or unemployed residents in Maryland. Supported by the SkillUp Together Fund, this initiative targets individuals affected by COVID-19, offering free classes that can be completed in 3-6 months. Participants may receive financial incentives of up to $1,000 for completing milestones. This effort aims to reskill Maryland’s workforce, providing citizens with opportunities to secure jobs in high-demand IT roles.

Boeing announced its mentorship program during the 2021 STEM Signing Day on April 29, aimed at supporting high school seniors pursuing STEM degrees. The program, powered by Tallo, connects honorees with mentors to facilitate career guidance. Over 600 students across 16 states will benefit this year, building on the recognition of nearly 2,000 STEM students since the program's inception in 2017. Boeing's leadership emphasized the importance of STEM graduates in shaping the future, as students engage in sessions to explore high-growth career paths.

Galvanize, a leading provider of software engineering and data science training, has appointed Ricky Hamilton as its new Chief Executive Officer. This announcement follows Stride, Inc.'s (NYSE: LRN) report of a 191% year-over-year increase in career learning revenue for its third fiscal quarter ended March 31, 2021. Hamilton, previously Executive VP of Revenue Operations, aims to drive Galvanize's mission of connecting professionals to tech careers and improving access to quality education.

Stride, Inc. (NYSE: LRN) has launched the We Stand Together College Scholarship, part of its $10 million commitment to assist underrepresented students. For the 2021-2022 academic year, the program will award up to $250,000 in scholarships to 22 Black students from Stride K12-powered schools. The initiative aims to alleviate financial barriers faced by Black college-bound students amid a national student loan debt crisis. Applications are due by May 18, 2021.

Boeing and Tallo are hosting the 2021 STEM Signing Day to honor over 600 high school seniors pursuing STEM degrees. The event takes place on April 29, 2021, featuring speakers like Dave Calhoun, Boeing's CEO, and will be streamed online. Students will sign letters of intent for their STEM education paths. The event emphasizes Boeing's commitment to equitable education access and the importance of STEM fields in society.

Stride, Inc. (NYSE: LRN) has partnered with the National Association of Black Male Educators (NABME) to enhance recruitment and professional development for Black male educators in the U.S. The initiative aims to address the underrepresentation of Black male teachers, who constitute only 2% of educators, by providing culturally relevant workshops and opening recruitment opportunities at Stride-powered schools. This partnership aligns with Stride's commitment to diversity and educational equity, backed by a multi-year investment including $10 million in scholarships for underserved students.

Stride, Inc. (NYSE: LRN) reported significant growth in its third fiscal quarter ending March 31, 2021, with revenues increasing to $392.1 million, up 52.5% year-over-year due to higher enrollments. Income from operations rose 165.9% to $38.6 million, while net income surged 171.8% to $23.8 million, resulting in diluted net income per share of $0.57. Cash and equivalents stood at $329.0 million, reflecting a robust financial position. The company raised its full-year revenue guidance to $1.525 billion to $1.530 billion.