Chegg (CHGG) Tops Q3 EPS by 5c; Guides Q4 Revs Below the Street
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Chegg (CHGG) PT, Estimates Cut at Piper Jaffray; 'Overweight' Maintained
November 4, 2014 8:49 AM ESTPiper Jaffray analyst Michael Olson lowered estimates and his price target on Chegg (NYSE: CHGG) to $7.50 (from $8.00) following Q4 results but maintained an Overweight rating.
Olson commented, "Chegg reported a solid Q3, including slight revenue & EBITDA upside driven by in-line digital growth... More
