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EDU

New Oriental Education and Technology Group, Inc. New York Stock Exchange
$15
Open: $14.5 High: $15.05 Low: $14.312 Close: $14.8
Range: 2021-05-06 - 2021-05-07
Volume: 12,277,128
Market: Closed
Powered by Finage Stock APIDelayed data
EDU
New Oriental Education and Technology Group, Inc. No. 6 Hai Dian Zhong Street Beijing , 100080 http://www.neworiental.org
New Oriental Education & Technology Group Inc provides private educational services in China based on the number of program offerings, total student enrollments, and geographic presence.
  • CEO: Chenggang Zhou
  • Employees: 44,531
  • Sector: Consumer Defensive
  • Industry: Education
EDU News
Latest news about the EDU
  • New Oriental Education & Technology Group (NYSE:EDU) May Have Issues Allocating Its Capital

    There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...

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  • New Oriental Education & Technology Group Inc. (EDU) Q3 2021 Earnings Call Transcript

    Good evening and thank you for standing by for New Oriental's FY 2021 Third Quarter Results Earnings Conference Call. Today you will hear from Steven Yang, Executive President and Chief Financial Officer.

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  • New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021

    New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 28, 2021, which is the third quarter of New Oriental's fiscal year 2021.

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  • Should You Consider New Oriental Education (EDU) as a Good Investment Option?

    Davis Funds, an investment management firm, published its “Davis International Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 22.69% was recorded by the fund for the year end of 2020, outperforming its MSCI ACWI benchmark that delivered a 10.65% return in the same period. You […]

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  • Is EDU Stock A Buy or Sell?

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

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  • Why Chinese Education Stocks Collapsed Today

    Fear mounts of government interference at TAL Education Group, GSX Techedu, and New Oriental Education.

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  • New Oriental to Report Third Quarter 2021 Financial Results on April 20, 2021

    New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), the largest provider of private educational services in China, today announced that it will report its financial results for the third quarter ended February 28, 2021, before the U.S. market opens on April 20, 2021. New Oriental's management will host an earnings conference call at 8 AM on April 20, 2021, U.S. Eastern Time (8 PM on April 20, 2021, Beijing/Hong Kong Time). Participants can join the conference using the below options:

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  • New Oriental Education & Technology Group Inc. (NYSE:EDU) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

    New Oriental Education & Technology Group (NYSE:EDU) has had a rough month with its share price down 16%. However...

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  • Why New Oriental Education, TAL Education, and Daqo New Energy Stocks All Dropped Today

    Wednesday was not the best day to own Chinese stocks, as rumors of a change in stimulus policy sent shares of education companies New Oriental Education & Technology Group (NYSE: EDU) and TAL Education Group (NYSE: TAL), down 14% and 11.6%, respectively. In a headline long on shock value, but short on specifics, Benzinga.com reported today that investors are worried that China may reduce economic stimulus this year.

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  • New Oriental Education & Technology Group Inc. Announces Results of Extraordinary General Meeting

    New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that that each of the following proposed resolutions submitted for shareholder approval have been adopted at its extraordinary general meeting of shareholders held in Beijing today:

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  • Does New Oriental Education & Technology Group (NYSE:EDU) Have A Healthy Balance Sheet?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

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  • Clubhouse Mania Drove $6 Billion to This Loss-Making Chinese Startup

    (Bloomberg) -- Clubhouse has in just two months become the venue of choice for luminaries like Elon Musk or Drake to expound on everything from telepathic monkeys to stock market valuations. But the real winner of the audio-chat app’s stratospheric rise is a loss-making Shanghai startup called Agora Inc.Agora, known mostly within tech circles as an industrious but low-profile provider of software tools, has soared more than 150% since mid-January when online chatter began to circulate about how it powers the world’s hottest new social media forum. That’s because the little-known company -- now worth almost $10 billion -- provides developers with all they need to build real-time voice and video functions within applications: a template known as a software development kit.Agora -- ancient Greek for a forum or market -- has been linked publicly since its IPO last summer to Clubhouse, though it remains unclear the extent to which the red-hot social media forum employed its software kit. Decompiling the Clubhouse app reveals Agora’s name in the code, meaning Clubhouse is using at least part of the Chinese firm’s SDK, according to two engineers familiar with the matter, who asked not to be named because taking software code apart violates Apple’s iOS user policies.Clubhouse’s co-founders, Paul Davison and Rohan Seth, have said in conversations on the app that they use Agora, according to two people who heard those discussions but asked not to be named because Clubhouse doesn’t talk publicly about its tech stack. And in an experiment this week, German software engineer Andreas Lehr told Bloomberg News he analyzed traffic coming out of his phone while connected to Clubhouse and noticed several calls out to agora.io.Read more: Clubhouse Tops Japan Chart as CEOs, Celebrities Embrace AppBeyond just powering Agora’s stock price however, that amorphous link is beginning to spur concerns about the security of the app. It’s the same vague fear that attaches itself to the largest of companies from TikTok-owner ByteDance Ltd. to unheard-of outfits: that Beijing has the power to not just demand they hand over data at will, but also compel Chinese companies to spy on its behalf. Agora declined to comment on its relationship with Clubhouse but said in a statement it takes privacy and security seriously.“Just like in the case of Zoom, Agora still runs its centralized service in different jurisdictions,” said Suji Yan, the founder and chief executive officer of data privacy startup Mask Network, which builds a tool for users to post encrypted messages on Twitter and Facebook. “It’s hard for a public corporation like Agora not to respond to a local government’s request.”The debate around the extent of Agora’s involvement comes even as Beijing appears to move against Clubhouse. Many of the app’s users in China say they’ve been unable to access the service since Monday, after an explosion of discussions over the weekend on taboo topics from Taiwan to Xinjiang.Read more: Clubhouse Users in China Say Service Appears to Be BlockedBut it’s the potential for surveillance that worries international users. Chinese law requires its companies to hand over information on request and even gather data on behalf of Beijing, if it’s deemed in the interests of national security. That, along with accusations from U.S. lawmakers that Chinese firms can build backdoors into devices and software for the Communist Party can exploit, is at the heart of a growing hostility toward China’s largest tech providers.Agora’s own customizable tools run on users’ devices as part of client applications like Clubhouse. Agora co-founder Tony Wang has told media the company doesn’t store any end-user data but serves as a “pass-over.” But from a technical perspective, it does get ahold of real-time voice data that it helps transmit on Clubhouse. It won’t be able to cross-identify that with users’ mobile numbers -- which in turn unearths their real-world identities -- because such data is managed by Clubhouse itself, according to the two engineers familiar with the matter.In theory, Chinese operatives can cross-check Agora’s voice data against other voice data that does link up with real IDs -- for example, those from state-owned Chinese telecom operators -- as a way to identify activists or dissidents, said Mask Network’s Yan.“Right now I don’t think the government would have the computing power to do so, but you can’t rule out that possibility for the future,” Yan said. “And the cross-reference of voice data bound to the same cell number will leak more data and cause more potential problems than we thought.”Started in 2013 by software engineer Tony Zhao, Agora has grown to become one of China’s largest providers of real-time communications technology, powering big names like teaching services provider New Oriental Education & Technology Group and dating app operator The Meeting Group. It’s attracted investment from venture capital firms including SIG, Coatue Management and China’s Morningside, which is also one of the earliest backers of short-video app Kuaishou Technology.Revenue grew 81% to $30.8 million for the September quarter, when companies outside China contributed more than 20% of sales, executives told analysts during a post-earnings call in November.Agora itself highlighted China’s complex internet regulatory regime as a risk factor in its IPO prospectus, adding it may be required to take further steps to comply with the European Union’s GDPR privacy laws or regulations elsewhere. It currently offer products in more than 100 countries.Still, speculation about Clubhouse’s Chinese roots hasn’t hurt its global popularity for now, nor has Beijing’s actions.“The Chinese-language discussions I heard over the last week were remarkable in that they touched on issues that are heavily censored in China, while allowing open discussion across the Chinese border,” said Graham Webster of the Stanford University Cyber Policy Center.Read more: Clubhouse App Offers Chinese Rare Glimpse of Censor-Free Debate(Updates with Agora’s statement in the fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Chegg Stock Up Late On Strong Earnings As 'Irreversible Trend' Lifts Guidance

    Online education platform Chegg beat fourth-quarter earnings forecasts and gave bullish guidance after the close today.

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  • New Oriental Education & Technology Group Inc. To Hold Extraordinary General Meeting on March 8, 2021

    New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that it will hold an extraordinary general meeting (the "EGM") of shareholders (the "Notice of EGM") at No. 6 Hai Dian Zhong Street Haidian District, Beijing, People's Republic of China on March 8, 2021 at 5:00 p.m., local time. Holders of record of common shares of the Company at the close of business on the February 1, 2021 (Hong Kong time) are entitled to notice of, to attend and vote at, the EGM or any adjournment or postponement thereof. Holders of the Company's American depositary shares ("ADSs") as of the close of business on February 1, 2021, New York time who wish to exercise their voting rights for the underlying common shares must act through the depositary of the Company's ADS program, Deutsche Bank Trust Company Americas.

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  • Results: New Oriental Education & Technology Group Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

    New Oriental Education & Technology Group Inc. ( NYSE:EDU ) came out with its quarterly results last week, and we...

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  • New Oriental Education Sinks 7.5% On 3Q Sales Outlook; Street Says Buy

    Shares of New Oriental Education dropped 7.5% on Jan. 22 as its 3Q revenue guidance failed to impress investors. Meanwhile, the China-based educational services provider reported better-than-expected 2Q results. New Oriental Education (EDU) expects to report sales of between $1.099 billion and $1.145 billion in 3Q, representing year-over-year growth of 19% to 24%. The mid-point sales outlook comes in at $1.122 billion which is below the Street's expectations of $1.14 billion. Coming back to the 2Q performance, New Oriental Education’s net revenue of $887.7 million increased 13.1% year-over-year and beat analysts’ estimates of $885.6 billion. Adjusted earnings per ADS (American Depository Share) grew 19.4% to $0.43 and exceeded the consensus estimate of $0.34. (See EDU stock analysis on TipRanks) Last month, Citigroup analyst Mark Ru Li reiterated a Buy rating on the stock with a price target of $198 (17.1% upside potential) after conducting industry checks and hosting a call with management. Li is optimistic about the recovery in the company’s offline after-school tutorial segment. The analyst also expects New Oriental Education to gain market share from its online-merge-offline model. Overall, the rest of the Street is bullish on the stock. The Strong Buy analyst consensus shows unanimous 3 Buys. The average price target of $199 implies upside potential of about 17.7% to current levels. That's after shares already gained 27% over the past year. Related News: Kansas City Sees Double-Digit Sales Growth In 2021 Ally Financial Crushes 4Q Estimates Driven By Lower ProvisionsIBM’s 4Q Revenues Of $20.4B Disappoint; Shares Fall 7.3% After Hours More recent articles from Smarter Analyst: Huntington Drops 4.6% On 4Q Profit Miss Orange Sells 50% Stake In €2.67B Fibre Project For Rural France Morgan Stanley CEO’s Annual Pay Hiked By 22% – Report Verra Mobility To Buy Rival Redflex For $113M; Shares Jump

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  • New Oriental Education & Technology Group Inc. (EDU) Q2 2021 Earnings Call Transcript

    Good evening, and thank you for standing by for New Oriental's FY 2021 Second Quarter Results Earnings Conference Call. After his prepared remarks, Stephen and I will be available to answer your questions.

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  • Why New Oriental Education Stock Got Crushed Today

    Shares of New Oriental Education (NYSE: EDU) have gotten crushed today, down by as much as 10%, after the company reported fiscal second-quarter earnings. The company recently listed its shares on the Hong Kong Stock Exchange, raising nearly $1.5 billion in fresh capital. "We are pleased to see the recovery of businesses for the autumn semester after the resumption of schools and learning centers since the end of September 2020," Executive Chairman Michael Yu said in a statement.

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  • New Oriental Education: Q2 Earnings Insights

    Shares of New Oriental Education (NYSE:EDU) rose 0.1% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share rose 19.44% year over year to $0.43, which beat the estimate of $0.34.Revenue of $887,689,000 up by 13.05% from the same period last year, which beat the estimate of $885,600,000.Outlook Q3 revenue expected between $1,099,000,000 and $1,145,000,000.Details Of The Call Date: Jan 22, 2021View more earnings on EDUTime: 08:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/vyqqbpdmRecent Stock Performance 52-week high: $187.43Company's 52-week low was at $102.01Price action over last quarter: Up 11.80%Company Overview EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For January 22, 2021 * New Oriental Education's Earnings Outlook(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • New Oriental Announces FY2021 Second Quarter and Interim Financial Results (Ended November 30, 2020)

    New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2020, which is the second quarter of New Oriental's fiscal year 2021.

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