Chegg (CHGG) Posts a 'Good' Quarter, Jefferies Says; PT Raised to $14
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Chegg Reports First Quarter 2015 Results
May 6, 2015 4:06 PM EDTSANTA CLARA, Calif., May 6, 2015 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), the Student Hub, today reported financial results for the three months ended March 31, 2015.Â
"2015 is off to a great start with continued momentum in digital revenue, members, customers, and user engagement," said Dan Rosensweig, Chairman and CEO of Chegg. "The Chegg team executed very well, cementing our relationship with Ingram Content Group, adding 500,000 new customers to the Chegg ecosystem, and growing our digital subscribers past 750,000 in the quarter.... More
