Market movers: Stocks seeing action on Wednesday - and why [Globe and Mail, The (Toronto, Canada)]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: Globe and Mail, The
Lightspeed Commerce Inc increase ) rose after announcing it is cutting 280 jobs , or 10 per cent of its staff, and buying back up to 10 per cent of its stock in an attempt by the Montreal commerce software company to revive its moribund shares. The company announced the moves early Wednesday in a press release along with other unspecified cost-cutting initiatives in its facilities and operations. The initiatives come seven weeks after the board ousted CEO Jean Paul Chauvet and replaced him with his predecessor, founder Dax Dasilva. The shakeup came after negative investor response to the company's third-quarter financial update in early February, and Mr. Dasilva promised at the time Lightspeed would be “a long-term profitable growth story with operational efficiencies throughout” and a frugal approach to spending. “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” Mr. Dasilva said in a statement Wednesday. “This m
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News
- Age of Union Alliance Releases First Impact Report on Global Conservation Achievements Since Launch [Yahoo! Finance]Yahoo! Finance
- Navigating Endless Aisle: Practical Approaches For Small Businesses [Forbes]Forbes
- Lightspeed Commerce Inc. (NYSE: LSPD) had its price target lowered by analysts at National Bankshares, Inc. from $20.00 to $15.00. They now have a "sector perform" rating on the stock.MarketBeat
- Lightspeed Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Lightspeed Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Conference CallPR Newswire
LSPD
Sec Filings
- 4/11/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/11/24 - Form 144
- LSPD's page on the SEC website