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In a challenging market environment, Lightspeed POS (TSX:LSPD) Inc. (NYSE: NYSE:LSPD) stock has reached a 52-week low, dipping to $10.99. The company, known for providing point-of-sale and e-commerce software, has faced headwinds that have pressured its stock price over the past year, culminating in this new low point. Despite the pressure, InvestingPro analysis shows the company maintains a strong financial position with a healthy 6.1x current ratio and minimal debt-to-equity of 0.01, while six analysts have recently revised their earnings expectations upward. Investors have been tracking the performance closely, noting a significant 1-year change with a decline of nearly 14.98%. This downturn reflects broader market trends and specific obstacles that have impacted the tech sector, leading to investor caution and a reassessment of Lightspeed’s growth prospects. According to InvestingPro data, the stock appears undervalued at current levels, with 8 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Lightspeed Commerce Inc. reported a 17% increase in total revenue, reaching $280.1 million, with subscription revenue up by 9% year-over-year. The company also reduced its net loss to $26.6 million and posted a positive Adjusted EBITDA of $16.6 million, surpassing its forecast of around $14 million. Lightspeed has authorized a $400 million share repurchase program, reflecting confidence in its strategic direction. In legal matters, the United States District Court for the Eastern District of New York dismissed a securities class action lawsuit against Lightspeed, finding the claims lacked merit. On the analyst front, BofA Securities upgraded Lightspeed’s stock to a Buy rating with a $20 price target, citing the company’s strategic shift toward profitability. Conversely, Barclays (LON:BARC) downgraded the stock from Overweight to Equal Weight, adjusting the price target to $18, due to anticipated market challenges. Additionally, Lightspeed announced the appointment of Manon Brouillette as Executive Chair, effective April 2025, to guide its strategic transformation. These developments occur as Lightspeed prepares for its Capital Markets Day, where further updates on its long-term financial outlook are expected.
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