HOW TO PLAY IT
Pluralsight is a great way to play the rise of online education. The company sells subscriptions to firms looking to onboard new hires or upgrade the skills of existing technology workers. And with online courses in cloud computing architecture, cybersecurity, mobile, design and data science, its services are in high demand.
During the quarter ended September 30, sales grew 34% year-over-year, to $82.6 million. Pluralsight went public at $15 in May 2018. Shares zoomed to $38 by September. Since then the stock has slipped to about $16.45. The decline looks like an excellent longer-term buying opportunity. Jon D. Markman is president of Markman Capital Insight and author of Fast Forward Investing.