Reported about 11 hours ago
Stride, an edutech company, saw its stock plummet by 50% to $75.98 after issuing a disappointing revenue forecast for fiscal year 2026, predicting earnings between $2.48 billion and $2.55 billion, below analysts' expectations. The CEO attributed the weak outlook to difficulties in enrolling new students and negative feedback regarding the recently upgraded learning platform, which has led to increased withdrawal rates. As a result, analysts have downgraded the stock and adjusted their price targets.
Source: YAHOO