Is Coursera Stock a Buy Now?
Coursera's (NYSE: COUR) stock sank 17% on July 28 after the online education company posted its second-quarter report. Its revenue rose 22% year over year to $124.8 million, but missed analysts' expectations by $6.2 million. Its net loss widened from $46.4 million to $49.3 million, or $0.34 per share, which also missed the consensus forecast by $0.03. Its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss widened from $2.9 million to $15.6 million.
Those headline numbers were ugly, but its outlook was even uglier. It expects its revenue to only rise 15% to 30% year over year in the third quarter, and grow 23% to 24% for the full year. That was a big reduction from its previous full-year guidance for revenue growth of 30% to 32%.
Image source: Getty Images.
Source Fool.com
