K12 management to meet with Sidoti » 04:5502/2702/27/20
Meeting to be held in…
Story temporarily locked.
K12 management to meet with Sidoti » 09:1102/2502/25/20
Meeting to be held in…
Meeting to be held in Kansas City, MO on February 27 hosted by Sidoti.
|Over a month ago|
K12 price target lowered to $30 from $40 at Barrington » 12:1501/2801/28/20
Barrington analyst Alexander Paris lowered his price target for K12 to $30 from $40 following the company's fiscal Q2 results and keeps an Outperform rating on the shares. The stock selloff today is likely due to lower near-term earnings expectations resulting from the impact of purchase accounting and negative EBITDA associated with the Galvanize acquisition. At current levels, the K12 is trading below its larger cap postsecondary education peer group, Paris tells investors in a research note. His Outperform rating reflects positive macro trends and "strong company execution."
K12 falls -11.1% » 12:0001/2801/28/20
K12 is down -11.1%, or…
K12 is down -11.1%, or -$2.18 to $17.40.
K12 falls -7.6% » 10:0001/2801/28/20
K12 is down -7.6%, or…
K12 is down -7.6%, or -$1.48 to $18.10.
K12 price target lowered to $23 from $27 at BMO Capital » 08:1701/2801/28/20
BMO Capital analyst…
BMO Capital analyst Jeffrey Silber lowered his price target on K12 to $23, saying that while the company's Q2 earnings were slightly better than expected, its announced Galvanize acquisition will be dilutive in the near term and thus led to reduced FY20 guidance. The analyst still keeps his Outperform rating on K12, noting that the company's core business has returned to growth and the acquisition will be a positive over the long term.
K12 raises FY20 revenue view to $1.033B-$1.04B from $1.02B-$1.035B » 16:3201/2701/27/20
Consensus $1.03B. Backs…
Consensus $1.03B. Backs FY20 CapEx view $45M-$49M.
K12 sees Q3 revenue $252M-$255M, consensus $255.56M 16:3101/2701/27/20
Sees Q3 CapEx $8M-$10M.
K12 reports Q2 EPS 52c, consensus 51c » 16:3101/2701/27/20
Reports Q2 revenue…
Reports Q2 revenue $257.6M, consensus $257.21M.
K12 acquires Galvanize for $165M in all-cash deal » 08:1501/2701/27/20
K12 announced that it has…
K12 announced that it has entered into a definitive agreement to acquire Galvanize. "The acquisition of Galvanize positions K12 as a premier provider of career readiness education services and a leader in skills training, technology staffing and developing talent and capabilities for Fortune 500 companies. The Galvanize management team, brand recognition, network of alumni, campuses, and industry-leading software engineering and data science programs will allow K12 to accelerate its entry into this important and growing market." K12 expects to acquire Galvanize for approximately $165 million in an all-cash transaction. The acquisition, which was approved by the Boards of Directors of K12 and Galvanize, is expected to close later January 27.