Illumina To Buy GRAIL In $8 Bln Cash And Stock Deal

(RTTNews) – Illumina Inc. (ILMN) agreed to buy GRAIL, a healthcare company whose mission is focused on multi-cancer early detection, in a cash and stock transaction valued at about $8 billion.

The deal consists of $3.5 billion in cash and $4.5 billion in shares of Illumina common stock. Illumina currently holds 14.5% of GRAIL’s shares outstanding, and approximately 12% on a fully diluted basis.

Illumina expects to close the transaction in the second half of 2021.

Upon closing of the transaction, current Illumina stockholders are expected to own about 93% of the combined company, while GRAIL stockholders are expected to own about 7% based on the mid-point of the collar.

Illumina expects the transaction will be accretive to its revenue starting in 2021, and to meaningfully accelerate revenue growth over time.

Following the completion of the transaction, GRAIL will operate as a standalone division within Illumina.

GRAIL was founded by

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Online Learning Is Booming. That Will Help Boost Pluralsight Stock, Analysts Say.

Some analysts think the skill-learning boom eventually will boost

Pluralsight

(PS), which offers more than 7,000 courses, for a wide range of technology skills that include cloud computing, security, data analysis, and software development.

Farmington, Utah-based Pluralsight was founded in 2004 as a classroom training company that dispatched instructors to offices and conferences. The company has digitized its products, with a focus on corporate IT skill development, not only with online courses but also programs that gauge and analyze the performance of tech workers.

Today, Pluralsight caters to nearly 18,000 corporate clients worldwide, including around 70% of Fortune 500 companies, according to its investor presentation.

Pluralsight made its IPO debut in May 2018. After reaching an all-time high above $37 later that year, the stock declined and remained at about $20 prior to the pandemic. The stock has gained about 20% this year, hitting a 12-month high close of $22.36

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Why the Market Is Booming and the Economy Is Struggling | Stock Market News

Why is the stock market going up when the economy is in trouble?

If you’re an investor, this question has likely been on your mind. After all, we’re in the middle of the scariest pandemic in a century. Some businesses are barely scraping by, while millions of unemployed Americans have relied on enhanced government programs to stay afloat – yet the markets are hitting new highs.

To understand the disconnect between the markets and the economy, it’s helpful to understand what defines the U.S. economic system and the stock market.

The economy is the system under which money, industry and commerce are organized. Economic health is measured by employment and production growth. The system in the U.S. is considered capitalistic, driven by supply and demand, with a mix of government involvement and socialist-type policies such as Social Security and Medicare.

The stock market refers to a public marketplace in which

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Strategic Education, Inc. (NASDAQ:STRA) Looks Like A Good Stock, And It’s Going Ex-Dividend Soon

Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Strategic Education, Inc. (NASDAQ:STRA) is about to go ex-dividend in just 3 days. You will need to purchase shares before the 3rd of September to receive the dividend, which will be paid on the 14th of September.

Strategic Education’s next dividend payment will be US$0.60 per share, on the back of last year when the company paid a total of US$2.40 to shareholders. Last year’s total dividend payments show that Strategic Education has a trailing yield of 2.3% on the current share price of $103.69. We love seeing companies pay a dividend, but it’s also important to be sure that laying the golden eggs isn’t going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are

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3 Reasons Why Perdoceo Education (PRDO) Is a Great Growth Stock

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market’s attention and produce exceptional returns. However, it isn’t easy to find a great growth stock.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company’s growth story is over or nearing its end, betting on it could lead to significant loss.

However, it’s pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company’s real growth prospects.

Our proprietary system currently recommends Perdoceo Education (PRDO) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for

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Which Online Education Stock Is A Smarter Pick?

Schools and colleges have been forced to move their classes online as a rapid rise in COVID-19 cases has disrupted education across the globe. With the pandemic continuing to spread, many parents are still uncomfortable sending their children to educational institutions and prefer online studies.

Companies like Chegg, K-12, Bright Horizons, Arco Platform, Boxlight Corp., are benefiting from the growing demand for virtual learning. Using the TipRanks’ Stock Comparison tool, we will compare Chegg and K12 to see which stock offers a more compelling investment opportunity.

Chegg (CHGG)

Direct-to-student learning platform Chegg has been a popular name in the online education field and provides study tools to school and college students. It primarily derives revenue from its Chegg Services business, which includes Chegg Study, Chegg Writing, Chegg Tutors, Chegg Math Solver, Thinkful, and Mathway. Its second segment called Required Materials earns income through rental and sale of print textbooks and

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Perdoceo Education (PRDO) Upgraded to Buy: What Does It Mean for the Stock?

Perdoceo Education (PRDO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change.

A company’s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate — the consensus measure of EPS estimates from the sell-side analysts covering the stock — for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Perdoceo

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Strategic Education, Inc. Announces Public Offering of Common Stock

Strategic Education, Inc. (Strategic Education) (NASDAQ: STRA) announced today it has commenced an underwritten registered public offering of $175 million of shares of its common stock. In addition, Strategic Education intends to grant the underwriters an option for 30 days to purchase up to $26.25 million of additional shares of its common stock. There can be no assurances as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Strategic Education intends to use a portion of the net proceeds of the offering to fund, in part, the cost of the proposed acquisition of Laureate Education, Inc.’s Australia and New Zealand operations, and the remainder for general corporate purposes, which could include future acquisitions, capital expenditures and working capital. The closing of the offering is not conditioned upon the consummation of the proposed acquisition. If the proposed acquisition is not

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