We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strategic Education Fortifies e-Learning on Coronavirus Shutdown
Read MoreHide Full Article
In a bid to mitigate campus closures and education disruption due to coronavirus, Strategic Education, Inc. (STRA - Free Report) or SEI announced to offer free courses online to universities, school districts, employers and the general public. With the help of its subsidiary — Sophia Learning online education platform — SEI aims to offer students affordable and flexible education system to explore potential new career avenues with various professional development courses.
All the education courses available on Sophia Learning platform are recommended by American Council on Education (“ACE”) and are transferrable to various higher education institutions for course credit.
Notably, the company’s effort to provide hurdle free education system to students, who aspire to complete their courses as planned, is commendable. Executive director of Sophia Learning, Grant Schmalzer, stated, "Our focus is to support students as they navigate this unprecedented time and find ways to continue their education."
Along with free online courses, the company is increasing engagement with its United Negro College Fund (“UNCF”) partners to ensure that more than two dozen historically black colleges and universities (“HBCUs”) can have access to the platform. Over the past several years, SEI and UNCF have been partnering to provide educational opportunities to the HBCUs and students. Meanwhile, students, whose college plans are being disrupted by this health crisis, will be able to pursue their studies and graduate timely.
COVID-19 Outbreak: An Opportunity for Online Educators
The novel coronavirus outbreak has turned the global education system into a great opportunity for those who want flexibility as well as safety. Apart from SEI, Universal Technical Institute, Inc. (UTI - Free Report) also announced that it will move to online instruction next week. Also, it has suspended all in-person classes at its 13 campuses throughout the nation from Mar 19.
Moreover, online education providers like Chegg, Inc. (CHGG - Free Report) and New Oriental Education & Technology Group Inc. (EDU - Free Report) can benefit from the pandemic. Per the circular passed by the Centers for Disease Control and Prevention, the discontinuation of schools will prevent the spread of disease.
Per UNESCO’s report, 85 countries imposed nationwide school and university shutdowns, which are affecting more than 776.7 million students. Notably, it is updating a list of digital education tools, including digital learning management systems, apps designed for smart featurephones and software with a strong offline component.
We believe that the pandemic will be a boon for SEI and other industry players amid disruptions. Shares of the company have outpaced the Zacks Schools industry as well as S&P 500 composite.
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
Image: Bigstock
Strategic Education Fortifies e-Learning on Coronavirus Shutdown
In a bid to mitigate campus closures and education disruption due to coronavirus, Strategic Education, Inc. (STRA - Free Report) or SEI announced to offer free courses online to universities, school districts, employers and the general public. With the help of its subsidiary — Sophia Learning online education platform — SEI aims to offer students affordable and flexible education system to explore potential new career avenues with various professional development courses.
.jpg)
All the education courses available on Sophia Learning platform are recommended by American Council on Education (“ACE”) and are transferrable to various higher education institutions for course credit.
Notably, the company’s effort to provide hurdle free education system to students, who aspire to complete their courses as planned, is commendable. Executive director of Sophia Learning, Grant Schmalzer, stated, "Our focus is to support students as they navigate this unprecedented time and find ways to continue their education."
Along with free online courses, the company is increasing engagement with its United Negro College Fund (“UNCF”) partners to ensure that more than two dozen historically black colleges and universities (“HBCUs”) can have access to the platform. Over the past several years, SEI and UNCF have been partnering to provide educational opportunities to the HBCUs and students. Meanwhile, students, whose college plans are being disrupted by this health crisis, will be able to pursue their studies and graduate timely.
COVID-19 Outbreak: An Opportunity for Online Educators
The novel coronavirus outbreak has turned the global education system into a great opportunity for those who want flexibility as well as safety. Apart from SEI, Universal Technical Institute, Inc. (UTI - Free Report) also announced that it will move to online instruction next week. Also, it has suspended all in-person classes at its 13 campuses throughout the nation from Mar 19.
Moreover, online education providers like Chegg, Inc. (CHGG - Free Report) and New Oriental Education & Technology Group Inc. (EDU - Free Report) can benefit from the pandemic. Per the circular passed by the Centers for Disease Control and Prevention, the discontinuation of schools will prevent the spread of disease.
Per UNESCO’s report, 85 countries imposed nationwide school and university shutdowns, which are affecting more than 776.7 million students. Notably, it is updating a list of digital education tools, including digital learning management systems, apps designed for smart featurephones and software with a strong offline component.
We believe that the pandemic will be a boon for SEI and other industry players amid disruptions. Shares of the company have outpaced the Zacks Schools industry as well as S&P 500 composite.
Zacks Rank
SEI currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>