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Lightspeed Commerce Engages in Discussions of ‘Potential Strategic Alternatives'
PYMNTS.com· 2024-09-26 00:49
Core Viewpoint - Lightspeed Commerce is undergoing a strategic review of its business and operations, considering various potential strategic alternatives, including a possible sale of the company [1][2][3]. Group 1: Company Strategy - The company periodically conducts strategic reviews to realize its full potential and is currently engaged in discussions regarding a range of strategic alternatives [2]. - Lightspeed's board of directors is committed to acting in the best interests of the company and its stakeholders, with no intention to disclose further information beyond regulatory obligations [2]. Group 2: Market Context - Since going public five years ago, Lightspeed's stock has lost over one-third of its value, attributed to weak consumer spending and declining investor enthusiasm for FinTech stocks post-pandemic [4]. - The founder and CEO, Dax Dasilva, has expressed interest in whether going private could be a better option for the company, indicating openness to discussions on this topic [4][5]. Group 3: Financial Advisory and Potential Buyers - Reports indicate that Lightspeed is working with a financial adviser to explore options, including a potential sale, with private equity firms as possible buyers [3]. - The discussions regarding a potential transaction are still in the early stages, and there is no guarantee of a deal being reached [3].
Lightspeed Commerce Responds to Media Reports
Prnewswire· 2024-09-25 22:50
MONTREAL, Sept. 25, 2024 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"), today issued the following statement: While it is the long-standing policy of Lightspeed not to comment on market rumors, the Company notes the recent media reports concerning a potential transaction involving the Company. Lightspeed periodically undertakes, and is currently conducting, a strategic review of its business and operations with a view to realizing its full potential. In thi ...
Lightspeed Commerce Inc. (LSPD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-09-20 23:06
In the latest trading session, Lightspeed Commerce Inc. (LSPD) closed at $13.81, marking a -1.5% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%. Shares of the company have appreciated by 6.78% over the course of the past month, outperforming the Business Services sector's gain of 6.7% and the S&P 500's gain of 2.06%. Analysts and investors alike will be keeping a close eye on the performa ...
New Lightspeed Data Shows Digital Marketing is Driving Engagement and Growth for Golf Courses
Prnewswire· 2024-09-19 10:00
"With golfers increasingly using digital channels to engage with courses, having a well-optimized online presence can help drive bookings and customer loyalty – this is why we offer Digital Marketing Solutions (DMS) as part of Lightspeed Golf," said David Hope, General Manager, Golf at Lightspeed. "Our data shows that golf courses embracing digital marketing strategies like DMS are seeing significant results, from heightened visibility to increased rounds and sales." The data also shows that social media en ...
Lightspeed Commerce Inc. (LSPD) Advances But Underperforms Market: Key Facts
ZACKS· 2024-09-13 23:06
In the latest trading session, Lightspeed Commerce Inc. (LSPD) closed at $12.62, marking a +0.08% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.72%, and the technology-centric Nasdaq increased by 0.65%. The the stock of company has fallen by 5.4% in the past month, lagging the Business Services sector's gain of 7.34% and the S&P 500's gain of 4.86%. Investors will be eagerly watching for the performance of Li ...
Lightspeed Launches Trailblazing Benchmarks & Trends in the US: Using AI to Transform Comparative Restaurant Data into Actionable Insights
Prnewswire· 2024-09-12 12:00
Core Insights - Lightspeed Commerce Inc. has launched a new feature suite called Benchmarks & Trends for American restaurateurs, aimed at enhancing their operational performance through machine learning insights [1][2]. Industry Overview - According to Lightspeed's 2024 State of Hospitality Report, 49% of restaurateurs are experiencing increased competition, and 74% are looking to technology to streamline operations [2]. - The restaurant industry is increasingly focused on data-driven decision-making to improve performance and competitiveness [3]. Company Developments - The Benchmarks & Trends tool provides restaurateurs with tailored insights, allowing them to compare their performance against local competitors in areas such as sales and pricing [5]. - The tool utilizes machine learning to offer smart forecasting and operational optimization, helping restaurants identify peak hours and optimize staffing [5]. - Lightspeed Restaurant POS is reported to be 40% faster than other leading systems in North America, enhancing operational efficiency [3][4]. Product Features - Benchmarks & Trends offers personalized benchmarks that adjust daily based on business size, providing relevant insights for both small and large establishments [5]. - The tool includes access to up to four weeks of historical data, enabling restaurateurs to anticipate trends and make informed decisions [5]. - The feature is designed to empower restaurateurs with essential market information to outperform competitors in a crowded dining landscape [3][6].
Can Lightspeed POS (LSPD) Run Higher on Rising Earnings Estimates?
ZACKS· 2024-09-02 17:20
Core Insights - Lightspeed Commerce Inc. (LSPD) shows a significantly improving earnings outlook, making it a solid choice for investors [1] - Analysts are raising earnings estimates for the company, which is expected to positively impact its stock price [2] Estimate Revisions - Current-quarter earnings estimate is $0.10 per share, reflecting a +150% change from the previous year [4] - The Zacks Consensus Estimate for the current quarter has increased by 108.65% over the last 30 days [4] - For the full year, the expected earnings are $0.37 per share, indicating a year-over-year change of +131.25% [5] - Over the past month, four estimates have moved higher, leading to a 101.52% increase in the consensus estimate for the current year [5] Zacks Rank - Lightspeed POS has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions [6] - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6] Stock Performance - The stock has risen by 8.1% over the past four weeks, indicating strong investor interest [7] - Further upside potential remains, suggesting it may be a good time to add the stock to investment portfolios [7]
Wall Street Analysts See a 44.44% Upside in Lightspeed POS (LSPD): Can the Stock Really Move This High?
ZACKS· 2024-08-22 14:55
Shares of Lightspeed Commerce Inc. (LSPD) have gained 1.4% over the past four weeks to close the last trading session at $13.30, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $19.21 indicates a potential upside of 44.4%. The mean estimate comprises 20 short-term price targets with a standard deviation of $4.52. While the lowest estimate of $14 indicates a 5.3% increase from th ...
Lightspeed Commerce Continues Cost-Cutting And Large Merchant Focus (Upgrade)
Seeking Alpha· 2024-08-12 17:16
MoMo Productions Investment Outlook Lightspeed Commerce (NYSE:LSPD) recently reported its FQ1 2025 financial results, beating revenue and consensus earnings estimates. I previously wrote about LSPD in February 2024 with a Sell outlook due to declining international growth prospects and continued high operating losses. Since then, Lightspeed's founder has returned to running the firm and results have improved in terms of reduced operating losses. I'm Neutral on LSPD on the promise of an increased focus on mo ...
Lightspeed joins US Foods® CHECK® Business Tools Program Line-up to Drive Industry Innovation in Restaurant Operations
Prnewswire· 2024-08-09 11:45
Core Insights - Lightspeed Commerce Inc. has announced a collaboration with US Foods Holding Corp. to integrate Lightspeed Restaurant technology into US Foods' CHECK Business Tools program, enhancing the capabilities available to foodservice operators across the United States [1][2][3] Group 1: Partnership Overview - The partnership aims to empower restaurant operators by providing advanced POS solutions, which will help streamline operations, boost profitability, and enhance customer experiences [3][4] - US Foods customers will benefit from exclusive offers on Lightspeed POS hardware, advanced insights for sales and customer service, and multi-location management capabilities [3][4] Group 2: Company Background - Lightspeed, founded in 2005 and dual-listed on NYSE and TSX, serves retail, hospitality, and golf businesses in over 100 countries, providing a comprehensive cloud commerce solution [6][7] - US Foods is a leading foodservice distributor in the U.S., partnering with approximately 250,000 restaurants and foodservice operators, and offers a broad range of food products and business solutions [7]