UPDATE: Morgan Stanley Downgrades Chegg (CHGG) to Equalweight

Chegg (CHGG) PT Lowered to $60 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Chegg (NYSE: CHGG) to $60.00 (from $90.00) while maintaining a Buy rating.

The analyst commented, "CHGG revenue fell short of consensus for the 1st time in 19 quarters. Further, Q4 guidance for rev and adj... More

Needham & Company Downgrades Chegg (CHGG) to Hold

Needham & Company analyst Ryan MacDonald downgraded Chegg (NYSE: CHGG) from Buy to Hold.

The analyst commented, "We are downgrading Chegg (CHGG) to Hold following the company's 3Q21 results, which saw enrollment declines cause a net 464k decline in subscribers in the current semester.... More

Chegg (CHGG) PT Lowered to $56 at KeyBanc

KeyBanc analyst Jason Celino lowered the price target on Chegg (NYSE: CHGG) to $56.00 (from $95.00) while maintaining a Overweight rating.... More

UPDATE: Piper Sandler Downgrades Chegg (CHGG) to Neutral on Clouded Visibility

(Updated - November 2, 2021 4:37 AM EDT)

Piper Sandler analyst Arvind Ramnani downgraded Chegg (NYSE: CHGG) from Overweight to Neutral with a price target of $45.00 (from $107.00).

The analyst comments "CHGGs 3Q results were roughly in-line with expectations; however, 4Q guidance and FY22 commentary was... More

Raymond James Downgrades Chegg (CHGG) to Market Perform

Raymond James analyst Brian Peterson downgraded Chegg (NYSE: CHGG) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on Chegg click here. For more ratings news on Chegg click here.

Shares of Chegg closed at $62.76 yesterday.

After-Hours Movers 11/01: (ANET) (HLIT) (CLX) Higher; (CHGG) (MOS) (NXPI) Lower (more...)

After-Hours Movers:

Chegg (NYSE: CHGG) 27% LOWER; reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $171.9 million versus the consensus estimate of $174.54 million. Chegg sees Q4 2021 revenue of $194-196 million, versus the consensus of $240.6 million.

Arista Networks (NYSE: ANET) 10% HIGHER; reported Q3 EPS of $2.96, $0.23 better than the analyst estimate of $2.73. Revenue for the quarter came in at $748.7... More

Chegg (CHGG) Chegg Shares Plummeted 27% Following Disappointing Q4 Guidance

Chegg (NYSE: CHGG) shares were trading more than 27% lower after-hours after the company reported disappointing third-quarter results and warned for the fourth quarter.

The company reported Q3 results, with EPS coming in at $0.20, in line with the consensus estimate. Quarterly revenue grew 12% year-over-year to... More

Chegg (CHGG) Reports In-Line Q3 EPS, Guidance Misses

Chegg (NYSE: CHGG) reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $171.9 million versus the consensus estimate of $174.54 million.

GUIDANCE:

Chegg sees Q4 2021 revenue of $194-196 million, versus the consensus of $240.6... More

Chegg (CHGG) November 65 straddle priced for a move of +/- 13% into quarter results

Chegg (NYSE: CHGG) November 65 straddle priced for a move of +/- 13% into the expected release of quarter results today after the bell.

Chegg (CHGG) call put ratio 5.9 calls to 1 put into quarter results

Chegg (NYSE: CHGG) November call option implied volatility is at 72, December is at 51; compared to its 52-week range of 33 to 82 into the expected release of quarter results today after the bell. Call put ratio 5.9 calls to 1 put.

Chegg (CHGG) call put ratio 33 calls to 1 put with focus on November calls into quarter results

Chegg (NYSE: CHGG) November call option implied volatility is at 66, December is at 54; compared to its 52-week range of 33 to 82 into the expected release of quarter results after the bell on November 1. Call put ratio 33 calls to 1 put with focus on November calls.