Key Developments: K12 Inc (LRN)

LRN on New York Consolidated

15.99USD
27 Mar 2015
Change (% chg)

$0.35 (+2.24%)
Prev Close
$15.64
Open
$15.60
Day's High
$16.03
Day's Low
$15.49
Volume
181,589
Avg. Vol
275,963
52-wk High
$26.20
52-wk Low
$10.07

Search Stocks

Latest Key Developments (Source: Significant Developments)

K12 Inc gives Q3 2015 outlook in line with analysts' estimates
Thursday, 29 Jan 2015 07:30am EST 

K12 Inc:Expects Q3 2015 revenue in the range of $230 - $240 million.Q3 2015 operating income in the range of $20 - $24 million.Q3 2015 revenue of $239 mln, EBIT of $23 mln - Thomson Reuters I/B/E/S.  Full Article

Federal Court dismisses securities class action lawsuit Against K12 Inc
Monday, 8 Dec 2014 08:28am EST 

K12 Inc:Says a federal court has struck down a class action securities lawsuit against the a virtual education provider because the allegations failed to show K12 or its officers made any false or misleading statements to the market.  Full Article

K12 Inc gives Q2 2015 outlook in line with analysts' estimates
Thursday, 30 Oct 2014 07:07am EDT 

K12 Inc:Expects Q2 2015 revenue in the range of $225 - $235 mln.Expects Q2 2015 operating income in the range of $14 -$20 mln.Q2 2015 revenue of $227 mln, EBIT of $18 mln - Thomson Reuters I/B/E/S.  Full Article

K12 Inc. gives FY 2015 guidance; EBIT guidance below analysts' estimates; gives Q1 2015 mixed guidance
Thursday, 9 Oct 2014 07:01am EDT 

K12 Inc:Sees FY 2015 revenues of $925 million to $950 million.Sees FY 2015 operating income of $30 million to $40 million.Sees Q1 2015 revenues of $230 million.Sees Q1 2015 operating loss of $11 million to $16 million.FY 2015 revenues of $944 mln and EBIT of $54 mln - Thomson Reuters I/B/E/S.Q1 2015 revenue of $234 mln and EBIT of $(3.6) mln - Thomson Reuters I/B/E/S.  Full Article

K12 Inc awarded contract to be curriculum provider for Agora Cyber Charter School
Thursday, 9 Oct 2014 07:00am EDT 

K12 Inc:Says that it was awarded three-year contract to provide academic curriculum for Pennsylvania's Agora Cyber Charter School commencing in 2015-2016 school year.During RFP evaluation process, K12 was selected to be content provider for school year beginning Sept. 2015.  Full Article

K12 Inc completes sale of select businesses
Friday, 13 Jun 2014 08:24am EDT 

K12 Inc:Says it has completed the sale of select businesses to Safanad Education Ventures Limited (Safanad Limited).These businesses will be led by Ronald J. Packard, the founder and former Chief Executive Officer of K12 Inc.Additionally, Packard has resigned from the Board of Directors of K12 Inc. in order to direct his full attention to this new company.Select businesses consist of K12's post-secondary business; K12's interest in an existing Middle East joint venture currently operating with a Safanad Limited affiliate; and private international brick and mortar school.  Full Article

K12 Inc gives Q4 2014 guidance in line with analysts' estimates
Tuesday, 29 Apr 2014 06:30am EDT 

K12 Inc:Forecasts Q4 2014 revenue in range of $217 mln to $227 mln.Forecasts Q4 2014 operating income (EBIT) in range of $10 mln to $15 mln.Q4 2014 revenue of $222 mln and EBIT of $13 mln - Thomson Reuters I/B/E/S.  Full Article

Law Offices of Howard G. Smith files class action lawsuit against K12 Inc
Thursday, 13 Feb 2014 10:32am EST 

Law Offices of Howard G. Smith:Says a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all purchasers of the common stock of K12, Inc between Mar. 11, 2013 and Oct. 9, 2013.Says the lawsuit alleges that during the Class Period the company and certain of its executive officers misrepresented or failed to disclose between Mar. 2013 and Jun. 2013, K12 experienced a material decline in student applications for fiscal 2014.K12's enrollment centers did not have adequate school-by-school planning tools or a staffing model in place sufficient to handle the timing and the volume of student applications.K12's own promotional program started later than it should have, and drove more leads and applications later in the summer - when it was too late for the Company to convert the applications into student enrollments for fiscal 2014.K12 failed to appropriately consider increased compliance requirements that were applicable in certain states during the fiscal 2014 enrollment season and.Failed to implement a sufficient early-warning system to detect operational failures in the enrollment process.  Full Article

Levi & Korsinsky, LLP announces class action involving K12, Inc and board
Tuesday, 11 Feb 2014 03:01pm EST 

Levi & Korsinsky, LLP:Says a class action lawsuit has been commenced in the USDC for the Eastern District of Virginia on behalf of investors who purchased K12, Inc common stock between Mar. 11, 2013 and Oct. 9, 2013.Says the complaint alleges that Defendants issued materially false and misleading statements and/or failed to disclose material information regarding the company's student enrollment and revenue growth prospects for fiscal year 2014.  Full Article

Glancy Binkow & Goldberg LLP announces class action lawsuit on behalf of investors of K12, Inc
Thursday, 6 Feb 2014 08:32am EST 

Glancy Binkow & Goldberg LLP:Says a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of a class comprising all purchasers of the common stock of K12, Inc. between Mar. 11, 2013 and Oct. 9, 2013.Says the complaint alleges that during the Class Period the Company and certain of its executive officers misrepresented or failed to disclose.Says between March 2013 and June 2013, K12 experienced a material decline in student applications for fiscal 2014.Says K12's enrollment centers did not have adequate school-by-school planning tools or a staffing model in place sufficient to handle the timing and the volume of student applications.Says K12 failed to appropriately consider increased compliance requirements that were applicable in certain states during the fiscal 2014 enrollment season.Says the company failed to implement a sufficient early-warning system to detect operational failures in the enrollment process.  Full Article

Search Stocks