Platform share of the day: Coursera (+21%)
Shares of Mountain View-based online learning platform Coursera reacted to quarterly results by jumping 21 percent to $43. Investors were particularly pleased with the company's announcement that the growth of online learning would continue beyond the Corona pandemic. The stock had initially risen to $58 after going public in the spring, but then slumped as investors didn't believe the online learning boom would last.
The company reported second-quarter revenue of $102.1 million, above its estimate of $91.5 million. "Second quarter revenue grew 38% year-over-year with strong momentum on our three-way learning platform," said Ken Hahn, CFO of Coursera. The company bundles online courses from more than 200 universities, but offers education not only to students but also to businesses.
For the third quarter, the company expects revenue to be between $105 million and $109 million. For the full fiscal year 2021, Coursera expects revenue between $402 million and $410 million.
The author and/or related persons or companies may own the shares mentioned herein or are already invested in these shares, e.g. via an investment vehicle. This article is for general information purposes only and constitutes a free expression of opinion and not investment advice. Please also note the detailed legal information.
Subscribe to our newsletter for free: