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Stride (LRN) Stock News, Mar-Apr 2021

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Stride, Inc. reports developments tied to its technology-based education business, including financial results, earnings calls, and enrollment activity for online public and private school programs. The company operates through K12, a portfolio brand that powers virtual public schools, accredited homeschool curriculum, personalized tutoring, and related learning options.

Recurring company updates include state-by-state enrollment openings for tuition-free virtual public schools, teacher-led online instruction, career and technical education pathways, academic support programs, and high school diploma options. News also covers revenue, operating income, adjusted measures, enrollment definitions, and fiscal-year outlooks for Stride’s education platform.

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The Indiana Digital Alternative school (INDA) launches today, providing a new online high school aimed at credit recovery for Indiana students facing graduation challenges. Accepting enrollments for grades 9-12 for the 2021-2022 school year, INDA is part of the Union School Corporation's network. The school offers a flexible curriculum, career prep classes, and a supportive online environment. INDA is tuition-free and enables students to access tools from K12, a Stride Company (NYSE: LRN). Families can find more information and enrollment details at www.indls.k12.com.

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Nepris is launching the 'You Give, We Give' campaign during National Volunteer Month to support underserved communities. The campaign offers a year of free access to its platform for a school in need and $7,500 in donations to nonprofit organizations focusing on career opportunities. Nepris has connected over 500,000 students with industry professionals, emphasizing the importance of real-world career exposure. Partner organizations include CodeHouse, IFT, and MCVMA, all aimed at increasing diversity and opportunity in various fields.

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Stride, Inc. (NYSE: LRN) launches a new podcast titled "What I Want to Know with Kevin P. Chavous" aimed at addressing educational equity post-COVID-19. With 93% of American households engaged in online learning during the pandemic, the podcast discusses challenges and innovations in education. Host Kevin P. Chavous, a notable education advocate, invites industry leaders to share insights on creating effective learning environments, adapting educator skill requirements, and supporting students during economic recovery. The first three episodes are now available on major podcast platforms.

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Stride Inc. (NYSE: LRN) will discuss its third quarter fiscal year 2021 financial results on April 20, 2021, at 5:00 p.m. ET. Investors can join the call by dialing (833) 900-1536 domestically or (236) 712-2276 internationally, with a conference ID of 1779113. A replay will be available from April 20 at 8:00 p.m. ET until May 20, 2021, and can be accessed via the same numbers. Stride focuses on transforming education through innovative tech-enabled solutions, serving learners in K-12 and adult education across the U.S. and internationally.

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Galvanize, a subsidiary of Stride (NYSE: LRN), is expanding its Hack Reactor Professional Development courses to address the urgent need for upskilling among workers, as outlined in the World Economic Forum's Future of Jobs Report 2020. With 80% of employers aiming for rapid digitalization, these courses focus on critical skills like analysis and problem-solving. They are designed to fit into busy schedules, offering flexible, low-cost options. Notably, two-thirds of students benefit from employer tuition reimbursement, highlighting strong corporate support for continuous education.

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Stride, Inc. (NYSE: LRN) reports that its K12 online schools show lower rates of learning loss compared to national studies during the pandemic, termed as the “COVID slide.” A new study indicates that most students in these schools maintained or improved their achievement levels in reading and mathematics. The study highlighted a significant difference in performance, with Stride students outperforming national averages by up to 27.7 percentage points in mathematics. Stride emphasizes that experienced online learning providers are essential during such challenging times.

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Utah Virtual Academy (UTVA) invites students to enroll for the 2021-2022 school year after a transformative academic year. UTVA provides a comprehensive online education with a curriculum that includes core subjects and Advanced Placement® courses. High school students can also explore career paths through the Stride Career Prep program. Additionally, students can enroll full-time or take individual courses via the Statewide Online Education Program. UTVA emphasizes community through virtual clubs and offers a tuition-free accredited education, powered by K12, a Stride company (NYSE: LRN).

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Tallo has announced a $10,000 scholarship for high school seniors affected by the pandemic, aiming to support those facing financial difficulties in pursuing higher education. The scholarship application is open until March 27, 2021, and requires a video submission detailing the pandemic's impact on the applicant's family. Special consideration will be provided to students with household income loss. Tallo, an online platform connecting students with opportunities, aims to help young people succeed regardless of their socioeconomic background.

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Tech Elevator is expanding its educational offerings by opening a new campus in Dallas, a city recognized for its robust tech job market.

With a high demand for technology talent, the new campus aims to equip local residents with vital skills for in-demand careers. Tech Elevator boasts impressive outcomes, with a 95% graduation rate and a 92% job placement rate for its graduates.

The initiative is part of Tech Elevator's commitment to ensure that the local Dallas community has access to high-quality education and employment opportunities in technology.

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Destinations Career Academy of New Mexico (NMDCA) invites students to enroll for the 2021-2022 academic year. This tuition-free, full-time online program serves K-12 students across the state, offering a standards-aligned curriculum delivered by certified teachers. NMDCA provides both academic and applied learning experiences in growing career fields such as programming and health services. The program allows flexibility for students to balance academics with extracurricular activities while participating in local athletic programs. Stride, Inc. supplies the curriculum, enhancing educational quality.

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FAQ

What is the current stock price of Stride (LRN)?

Stride (LRN) last closed at $82.39.

What is the market cap of Stride (LRN)?

The market cap of Stride (LRN) is approximately $3.4B.