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Stock Market & Financial Investment News

News Breaks
March 5, 2013
10:19 EDTDV, NAUH, STRA, CECO, COCO, LOPE, BPI, APEI, LINC, ESI, EDMC, APOLApollo Group rallies after Deutsche Bank upgrade
For-profit education company Apollo Group (APOL) is climbing after Deutsche Bank analyst Paul Ginocchio upgraded the stock to Hold from Sell in a note to investors earlier today. The valuation of University of Phoenix students reflected by the stock has reached "pretty distressed levels," wrote the analyst. Even if the company's enrollment trends deteriorate farther, the stock is unlikely to fall much below current levels, the analyst believes. The company's Learning Management System - which uses advanced computer learning features to adapt teaching methods to individual students - is worth $2-$6 per share, Ginocchio contends. This system and the company's cash justify a share price of $10-$16 without factoring in the University of Phoenix, the analyst wrote. Finally, the changes that Apollo must make to retain accreditation from the Higher Learning Commission should not significantly lower the company's enrollment trends or increase its costs, added Ginocchio, who retained a $17 price target on the shares. In mid-morning trading, Apollo Group jumped 85c, or 5% to $17. Other for-profit education companies also advanced, with ITT Educational (ESI) gaining 3% to $12.75, Grand Canyon (LOPE) rising 1.7% to $23.45, and Strayer (STRA) climbing 1.2% to $47.50.
News For APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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August 25, 2015
09:38 EDTCECOCareer Education discloses receipt of request for information from FTC
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08:16 EDTESICalifornia drops attempt to suspend ITT Tech
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August 21, 2015
10:01 EDTDVDeVry upgraded to Buy from Hold at Standpoint Research
August 18, 2015
18:32 EDTDVOn The Fly: After Hours Movers
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17:17 EDTDVDeVry to move 14 campuses to online-only model
DeVry says demand for nursing program is growing. Says moving 14 locations to an online-only model to free up resources. Says experiencing uptick in brand awareness following recent advertising campaign. DeVry executives are speaking on the company's Q4 earnings conference call.
16:43 EDTDVDeVry says on track to deliver $125M in cost savings in FY16
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16:29 EDTDVDeVry sees FY16 EPS flat to slightly up YoY, consensus $2.48
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16:27 EDTDVDeVry sees Q1 revenue down about 5% YoY, consensus $455.94M
Q1 operating costs are expected to be down 2-3% versus the prior year quarter.
16:25 EDTDVDeVry reports Q4 EPS 57c, consensus 61c
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14:51 EDTDVNotable companies reporting after market close
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