ZVO - ZVO STOCK NEWS

Zovio (Nasdaq: ZVO) has donated $10,000 to the Wounded Warrior Project's Warriors to Work program, aiding post-9/11 veterans' transition to civilian life. The program provides career counseling, resume writing assistance, and connects veterans with employers. Recent data reveals a 16% unemployment rate among veterans, exacerbated by the pandemic. Zovio's support is aligned with its Corporate Social Responsibility goals to enhance learner success and remove barriers. The partnership emphasizes the significance of mental health, which affects veterans' employment prospects.

Fullstack Academy has partnered with Colorado State University Extended Campus to launch tech bootcamps in cybersecurity and coding. These programs offer in-person, hybrid, or online formats and aim to provide accelerated skills training for more than 30,000 tech jobs in Colorado. The bootcamps, available in 12-week and 26-week tracks, target early and experienced tech professionals. With demand for tech jobs rising, entry-level salaries exceed $67,000 for cybersecurity and range from $50,000 to $64,000 for coding positions, significantly above average salaries across other industries.

Zovio Inc. (NASDAQ: ZVO) reported its Q3 2020 results, showing new enrollment growth and improved student retention. Revenue was $102.2 million, slightly down from $104.3 million in Q3 2019. Operating income hit $0.7 million, a significant turnaround from a $7.8 million loss last year. Net income rose to $1.1 million compared to a $7.6 million loss. The company aims to finalize the sale of Ashford University to the University of Arizona. As of September 30, 2020, Zovio held $86.6 million in cash with total enrollment at 34,623, a decline from 36,349 in 2019.

Learn@Forbes, an online learning platform launched by Zovio, has introduced a new Digital Marketing Specialization consisting of nine self-paced courses aimed at enhancing skills in a high-demand field. With over 110,000 Digital Marketing jobs available and a national salary average of $60,583, the program addresses the growing need for digital marketing professionals. Learners completing the specialization will receive a Forbes Specialist Certificate and can start with a 14-day free trial. Subscription plans are available from $12.50 monthly.

Zovio (Nasdaq: ZVO) announced it will release its Q3 2020 financial results on October 28, 2020, after market close. A conference call for investors will follow at 5:00 p.m. ET. Participants can join by dialing (877) 395-6119 in the U.S. or (647) 689-5537 internationally. The call will provide insights into Zovio's financial performance and future outlook. The company, which focuses on educational technology services, aims to deliver personalized solutions for learners and employers.

Zovio (Nasdaq: ZVO) announced the launch of Signalz for Student Success, a new service designed to enhance student engagement and retention in higher education. This innovative tool combines data science and analytics through machine learning to identify students at risk of dropping courses by analyzing 50 data points. Faculty and advisors receive notifications and outreach tools to provide targeted support. Zovio aims to improve educational outcomes and operational effectiveness for institutions with its AI-driven solutions.

Zovio (Nasdaq: ZVO) has appointed Matthew Hillman as the Executive Vice President of University Partnerships. His role involves enhancing service delivery for existing and new university partnerships, including the transition of Ashford University to The University of Arizona Global Campus. Hillman brings over 20 years of experience from leading education technology firms. Zovio aims to support educational institutions in adapting to the growing demand for online learning, utilizing its data-driven education services to meet diverse needs.