|Over a week ago|
Instructure initiated with a Buy at Berenberg » 06:2111/1911/19/21
Berenberg analyst Phillip…
Berenberg analyst Phillip Leytes initiated coverage of Instructure with a Buy rating and $30 price target.
PowerSchool to acquire Kickboard, terms not disclosed » 16:3311/1011/10/21
PowerSchool has signed a…
PowerSchool has signed a definitive agreement to acquire Kickboard, a provider of K-12 education behavior management solutions that helps educators effectively manage social-emotional learning (SEL) and multi-tiered systems of support (MTSS) to help improve student well-being, school culture, and achieve more equitable outcomes. "Addressing students' social emotional well-being and mental health is critical, not just for schools and districts, but for our families and communities, and as the industry leader in K-12 education technology, we're committed to providing the best solutions to support them," said Hardeep Gulati, CEO of PowerSchool. "Millions of teachers and students use our solutions every day and by combining Kickboard's behavior management solutions for K-12 education, we're taking an important step to providing real, comprehensive insights that give educators a complete view of the whole student." PowerSchool and Kickboard will continue to operate separately until an official close has been announced.
PowerSchool raises FY21 revenue view to $552M-$555M from $542M-$545M » 16:2511/1011/10/21
Consensus $544.33M. Raises FY21 adjusted EBITDA view to $156M-$159M from $150M-$153M.
PowerSchool sees Q4 revenue $139M-$142M, consensus $142.23M » 16:2511/1011/10/21
Sees Q4 adjusted EBITDA…
Sees Q4 adjusted EBITDA $28M-$31M.
PowerSchool reports Q3 revenue $149M, consensus $144.34M » 16:2411/1011/10/21
"As the new school…
"As the new school year began, K-12 educators have turned to PowerSchool's comprehensive cloud software to ensure they are ready for whatever lies ahead," said Hardeep Gulati, PowerSchool CEO. "In Q3, our cross-sell efforts helped us to achieve $527.8 million of ARR, representing 28.5% year-over-year growth. These results show that when we meet customers' needs where they are, we generate growth, as we've especially seen with the increased adoption of our Unified Insights solution. As schools and districts continue to leverage data analytics to focus on accelerating student learning gains, we have been able to reach over 1.5 million additional students through our sales efforts of Unified Insights this year so far."
Instructure to acquire Kimono, terms not disclosed » 16:1811/0811/08/21
Instructure announced it…
Instructure announced it has entered into an agreement to acquire Kimono, a company in cloud-based data integration and interoperability for education. A long-time partner, and preferred integration solution of Canvas LMS, Kimono will be rebranded as Elevate Data Sync as it joins the Instructure Learning Platform. Elevate Data Sync is a solution built specifically for education that enables secure syncing of student, staff, and learning data across applications within a school environment. Based in Salt Lake City, Utah, the team at Kimono has over 20 years of experience developing integration solutions for K-12 and higher education. The company serves six state education agencies, over 2300 districts, 27,000 schools and universities, and more than 16 million students globally.
Instructure sees FY21 revenue $401.7M-$402.7M , consensus $397.37M » 16:1111/0811/08/21
FY21 non-GAAP operating…
FY21 non-GAAP operating income is expected to be $140.6M-$141.6M, adjusted EBITDA is expected to be $143.6M-$144.6M.
Instructure sees Q4 revenue $106.9M-$107.9M, consensus $101.14M 16:1011/0811/08/21
Instructure reports Q3 EPS (10c) vs. (48c) a year ago » 16:0911/0811/08/21
Reports Q3 revenue…
Reports Q3 revenue $107.2, consensus $93.57M. "Instructure continued to deliver strong performance across the board in Q3," said CEO Steve Daly. "We are well-positioned at the center of the teaching and learning ecosphere, have a strong growth trajectory driven by momentum in both new logo and cross sell wins, and see considerable opportunities in front of us both domestically and internationally as we continue to execute our platform strategy. Our market opportunity is greater than ever. In Q3, Canvas users continued to utilize the platform at significantly higher levels than pre-pandemic levels, even after many students returned to the classroom this Fall. This strong usage further increases our confidence that we will remain the core platform for teaching and learning and a cornerstone in the digital transformation of education, regardless of whether education is delivered in an in-person, virtual, or hybrid context."
|Over a month ago|
Jefferies software/Internet analyst to hold analyst/industry conference call » 13:5510/1810/18/21
Software & Internet…
Software & Internet Analyst Thill, along with Ed-Tech purchaser Mark Ornstein, CEO of the Sonder Group, discuss PowerSchool Holdings (PWSC) and Instructure Holdings (INST) on an Analyst/Industry conference call to be held on October 18 at 2 pm. Webcast Link