Streetbeat News

ARCE

Arco Platform Ltd

arcoeducacao.com.br

CEO

Ari de Sa Cavalcante Neto

Employees

866

Industry

Elementary and Secondary Schools

arco é uma companhia brasileira focada em soluções educacionais para o ensino básico que desenvolve conteúdo, tecnologia e serviços para mais de 1.3 milhões de alunos e +5.000 escolas privadas de todo o país, abrangendo os segmentos da educação infantil ao ensino médio.aliar educação de excelência e gestão eficiente é o propósito da arco.

Open

13.98

Mkt cap

927M

Volume

471K

High

13.99

P/E Ratio

-73.58

52-wk high

14.22

Low

13.97

Div yield

N/A

52-wk low

10.63

Microsoft is under scrutiny for its role in a government email breach. Roblox has launched a virtual career hub. Despite restrictions by tech giants, ChatGPT's popularity is surging in US workplaces. Occidental subsidiary 1PointFive has received a US DoE grant to develop a direct air capture hub. Wells Fargo faces potential NLRB action over labor law violations. WeWork's stock has gained over 35%, triggering speculation of meme treatment. Arco Platform is going private via a $1.5B merger deal. Telesat's shares are trading higher after Q2 earnings. Ford plans to incorporate new software to boost revenue for commercial trucks and vans.

Portfolio Pulse from Vandana Singh

August 11, 2023 | 2:51 pm

In Friday's pre-market session, several consumer discretionary stocks saw significant movement. Arco Platform (ARCE), Genius Gr (GNS), Kaixin Auto Hldgs (KXIN), Shift Techs (SFT), and Soho House (SHCO) all saw gains, with ARCE leading the pack with a 14.4% increase. On the other hand, Esports Entertainment (GMBL), Kaival Brands Innovations (KAVL), Naas Technology (NAAS), and EBET (EBET) all experienced losses, with GMBL seeing the largest decrease at 7.9%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 1:06 pm

Arco Platform has announced that it has signed an agreement to go private at $14 per share in cash. This has resulted in its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:26 pm

Arco Platform Ltd (NASDAQ:ARCE) has agreed to a merger with Achieve Holdings and Achieve Merger Sub, a subsidiary of Bidders' HoldCo. Investment entities affiliated with General Atlantic L.P. and Dragoneer Investment Group, LLC will acquire all outstanding shares of ARCE for $14.00 per share in cash, a 55% premium over the closing price of $9.04 on November 30, 2022. The enterprise value of the acquisition is about $1.5 billion. The merger is expected to close in Q4 2023 or Q1 2024.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 10:11 am

Arco has signed an agreement to go private at $14 per share in cash, a 55% premium over the closing share price on November 30, 2022. The agreement has been unanimously recommended by a special committee of independent directors of Arco's board. The company's founders will maintain a controlling ownership stake and company leadership.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 5:42 am

Arco Platform reported Q1 losses of $(0.12) per share, missing the $(0.09) estimate, and sales of $102.95M, missing the $106.95M estimate. This represents a 209.09% decrease in earnings and a 25.25% increase in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:33 pm

Arco Platform (NASDAQ:ARCE) reported Q1 earnings with an EPS of $-0.12, missing estimates by 33.33%. Revenue was up $20.75 million YoY. Last quarter, the company missed EPS by $0.01, resulting in an 11.47% share price drop the next day.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 8:20 pm

Arco Platform (NASDAQ:ARCE) is set to release its latest quarterly earnings report on May 25, 2023. Analysts estimate an EPS of $-0.09. The company's past performance shows mixed results, with share prices dropping 11.47% after missing EPS by $0.01 last quarter. Over the last 52-week period, shares are down 30.39%.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 4:03 pm

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