Coursera, Inc. (COUR) stock gained in the pre-market after announcing its date for the fourth quarter and fiscal 2021 results. COUR values at $20.50, gaining 0.05% from the previously closed value. At the end of the last trading session, the stock closed at $20.49. The stock volume traded in the last trading session was around 1.27 million shares.
Reasons for COUR stock gain
Coursera, Inc. (COUR), on January 18, 2022, announced that it would release its financial results for the fourth quarter and fiscal 2021 on Thursday, February 10, 2022. The results will be announced following the close of the U.S. stock market. In addition to issuing a press release with accompanying financial statements, Coursera will host a conference call broadcast at 2:00 p.m. Pacific Time to announce and discuss the results (5:00 p.m. Eastern Time).
Coursera’s Investor Relations website, investor.coursera.com, will host a live, audio-only webcast of the conference call and earnings release materials. It will be available to the general public at the time of the call. Participants can register ahead of time, and an archived replay will be available for one year at the exact website link as the live event ends.
Coursera provides material information to the public according to its disclosure obligations under Regulation FD through various channels, including filings with the Securities and Exchange Commission, press releases, company blog posts, public conference calls, and webcasts on the investor relations website.
Effect on the stock
The effect of the announcement on the stock was not significant. The effect could be more significant when the date comes near. Currently, the stock has escalated slightly, and due to the previous revenue growth, it is expected that the revenue will increase.
Conclusion
The company’s current growth rate shows that the company’s revenue should keep growing. Another factor that could play an important role is the increasing no of people seeking online skills education. It could also play a key role in increasing its revenue.
