Stride Inc Stock Price, News & Analysis

Maine Virtual Academy (MEVA) is inviting enrollments for the 2021-2022 academic year, offering a tuition-free online education to students in grades 7-12 across Maine. MEVA is known for its personalized learning approach and is staffed by state-licensed teachers. The academy provides a safe, alternative education that caters to various student needs, including those seeking advanced learning or a bullying-free environment. Families can learn more about enrollment and upcoming events through online information sessions and the MEVA website.

Stride, Inc. (NYSE: LRN) has announced that two students from its Stride K12-powered schools were awarded the Silent Servant Award by The Peter R. Marsh Foundation. This award honors high school students nationwide who demonstrate selfless community service. The recipients include Dominique Belasquez, who created face masks during the pandemic, and Mason Rake, who refurbishes computers for veterans. The award aims to inspire student-servants and recognizes their contributions to society.

Stride, Inc. (NYSE: LRN) announced the retirement of CEO Nathaniel A. Davis, who will continue as Executive Chairman. James J. Rhyu, previously with Stride for eight years in various roles, has been appointed as the new CEO. Under Davis's leadership, Stride achieved over 65% annual revenue growth and improved student engagement. Rhyu, with extensive experience in strategic and financial management, aims to enhance Stride's educational offerings. The Board ensured a seamless transition to further advance Stride's mission of providing quality education.

Stride, Inc. (NYSE: LRN) reported strong second fiscal quarter results for 2021. Revenues surged to $376.1 million, up 46% year-over-year, driven by increased enrollments. Net income rose 19% to $24.5 million, with diluted earnings per share of $0.60. Cash and cash equivalents increased to $258.1 million. The company announced CEO Nate Davis's retirement and the appointment of James Rhyu as his successor. Stride forecasts fiscal 2021 revenue in the range of $1.500 billion to $1.525 billion.

Nevada Virtual Academy (NVVA), a full-time online public school in Nevada, is now accepting enrollments for the 2021-2022 academic year. NVVA offers a tuition-free education to K-12 students, providing personalized learning experiences supported by state-licensed teachers. The academy aims to cater to diverse student needs, including advanced learning and a bullying-free environment. As part of the Nevada public school system and affiliated with K12 Inc. (NYSE: LRN), NVVA emphasizes a supportive online platform for academic achievement.

Ohio Virtual Academy (OHVA) has received the Ohio Purple Star Designation from the Ohio Department of Education for its commitment to supporting military-connected students. The designation showcases the school's efforts in addressing the unique needs of 460 military families. Criteria for the award include having a dedicated point of contact for military students and providing essential support for their academic and emotional needs. Dr. Kristin Stewart, Head of School, emphasized the dedication of staff in serving military families and creating a supportive learning environment.

Stride, Inc. will host the free National Forum on Education Equity on February 3, 2021, highlighting its commitment to address racial and economic disparities in education. CEO Nate Davis emphasized the need for collaborative efforts to achieve education equity, particularly for underserved communities. The forum will feature experts discussing empowerment for Black families and addressing the digital divide. Stride's 'We Stand Together' initiative includes $10 million in scholarships for Black students and aims to increase the representation of Black educators within the organization.

Stride Inc. (NYSE: LRN) plans to discuss its second quarter fiscal year 2021 financial results in a conference call on January 26, 2021, at 5:00 p.m. ET. A live webcast of the call will be available, and participants can join by dialing in starting at 4:45 p.m. ET. The replay of the call will be accessible until February 26, 2021. Stride Inc. is dedicated to providing high-quality education and removing barriers to academic equity, serving learners in all 50 states and over 100 countries.

MedCerts has partnered with Guild Education, enabling employees at Fortune 500 companies to access over 30 healthcare and IT certification programs. The initiative aims to bridge skills gaps in demanding industries amid COVID-19, helping individuals grow their careers conveniently. MedCerts, an online training provider, has already assisted more than 25,000 students in obtaining credentials. The partnership enhances Guild Education's Learning Marketplace, aiming to support corporate talent growth and return on investment.