Stock of the Day

August 10, 2021

Lightspeed Commerce (LSPD)

$10.90
+$0.59 (+5.7%)
Market Cap: $1.42B

About Lightspeed Commerce

Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc. The company's cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, order-ahead and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Retail, Lightspeed eCommerce, Lightspeed Restaurant, and Lightspeed B2B solutions. In addition, it sells hardware, including tablets, customer facing displays, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montreal, Canada.

Today's Trend

Lightspeed Commerce Inc. (NYSE/TSX: LSPD) is trading higher as investors weigh a quarterly earnings and revenue beat against disappointing full-year guidance. The company’s share repurchase activity and strong growth in key markets provide additional support, while JPMorgan’s continued “underweight” rating limits the bullish signal.

  • Lightspeed reported fiscal first-quarter 2027 revenue of $322.7 million, above the $310.6 million consensus, while adjusted EPS of $0.13 exceeded estimates of $0.11 and doubled from $0.06 a year earlier. Revenue increased 5.8% year over year. Lightspeed Announces First Quarter 2027 Financial Results
  • Management highlighted 17% organic revenue growth, 12% organic gross-profit growth, approximately 1,300 net new customer locations, and 20% revenue growth across North American retail and European hospitality. Lightspeed also repurchased $86 million of stock during the quarter, potentially supporting per-share value. Quarterly Financial Results
  • JPMorgan raised its Lightspeed price target from $11 to $12, implying additional upside based on the referenced price, but maintained an “underweight” rating. The target increase is constructive, although the rating signals ongoing concerns about the company’s outlook. JPMorgan Price Target Update
  • Fiscal 2027 revenue guidance of $1.2 billion to $1.3 billion is below the roughly $1.3 billion analyst consensus, overshadowing the quarterly beat. Second-quarter revenue guidance of $316 million to $326 million is broadly near expectations, suggesting that investors remain focused on the slower full-year outlook. Fiscal 2027 Guidance
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