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Below are the latest news stories about 2U Inc that investors may wish to consider to help them evaluate TWOU as an investment opportunity.
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After a disastrous reception to its fourth-quarter earnings report that caused 2U's (NASDAQ: TWOU) stock to plunge 45% last week, the provider of online degree programs to colleges and universities rebounded 6.8% from where it finished trading a week ago, according to data from S&P Global Market Intelligence. Insiders obviously thought that was a ridiculous response to 2U's solid results and cautious outlook, as they swooped in to scoop up hundreds of thousands of shares of the deeply depressed stock. Investing legend Peter Lynch famously noted, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
With equity prices soaring to record levels, many execs have cashed out.
After year-to-date net losses in all three major indexes, it’s fair to say that 2022 is not 2021. Last year saw the sustained, long-term gains that keep investors comfortable. That all came to a crashing stop early in the new year. However, while volatility has increased in recent weeks, the sharp losses that characterized January have moderated somewhat in February. There’s a feeling that the markets are starting to price in the chief headwinds – rising inflation and the prospect of Fed rate hikes starting in March. What this means for investors is easy to sum up: opportunity.
2U is a leader in online education, a rapidly growing industry
Investors did not like that the company's management expects widening losses for fiscal 2022, nor the fact that a handful of analysts downgraded the stock this week. The company's loss of $0.20 per share was also better than analysts' consensus estimate for a loss of $0.25 per share. The company's guidance for 2022 revenue in the range of $1.05 billion to $1.09 billion was also below analysts' consensus estimate of $1.11 billion.
The heavy selling pressure might have exhausted for 2U (TWOU) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Good morning, trader!
Shares of 2U (NASDAQ: TWOU) plummeted 45% in morning trading Thursday after the education technology specialist reported solid fourth-quarter earnings, but offered up very weak guidance for the coming year. 2U lost more than $8 per share at 11:17 am ET, after CFO Paul Lalljie said guidance for the provider of online degree programs to colleges and universities offered "a disciplined growth strategy and continued progress toward profitability." 2U got a big boost from the pandemic over the past two years as COVID-19 drove an explosion in remote education opportunities.
No summary available.