DeVry University, part of DeVry Education Group Inc. , is introducing an educational pathway – the DeVry Technology Pathway – aimed at addressing the lack of technological skills among U.S. employees and job aspirants.
A study by the Career Advisory Board, established by DeVry University, reveals ‘deficit in both applied and hard tech skills among current employee circles and new applicants, and a general lack of preparedness for individuals entering the workforce with the right level of technical competency.’
As part of this new initiative, DeVry University has introduced technology-related courses within many of its degree and certificate programs. The Technology Pathway program provides technology-focused, experiential and project-based learning, in line with demand in the industry.
The university has also reduced tuition fees in order to make the program more affordable and accessible. The program can be expected to bridge the gap between the technological skill set demanded by employers and that offered by job aspirants.
Notably, DeVry has undertaken a transformation strategy for DeVry University in order to counter weak enrollment numbers. The company’s transformation strategy for the university includes the improvement of both student experience and affordability of programs along with strategic marketing of DeVry University.
Stock Price Movement
DeVry’s shares have gained over 101.8% in the last one year, compared with the 66.3% rally of the Zacks categorized Schools industry. The company beat earnings estimates in all of the past four quarters. The company’s cost-saving initiatives, transformation strategy and plans to introduce more stackable programs in 2017 should drive the stock’s performance in the upcoming quarters as well.
Zacks Rank & Stocks to Consider
DeVry currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the industry are Bridgepoint Education, Inc. , Bright Horizons Family Solutions Inc. (BFAM - Free Report) and Grand Canyon Education, Inc. (LOPE - Free Report) .
Bridgepoint Education sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
Full-year 2017 earnings for Bridgepoint Education are expected to increase 263.9%.
Bright Horizons, a Zacks Rank #2 (Buy) stock, is expected to witness 20.4% growth in 2017 earnings.
Grand Canyon, also a Zacks Rank #2 stock, is expected to see a 15.1% rise in 2017 earnings.
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