![]() The success of Shopify has arguably made it easier for Lightspeed to gain respect and attract investor interest. In its primary target market of restaurants and retailers, the company says there are 47 million businesses worldwide that could use its solutions. Small- and medium-sized businesses play a significant role in global economic activity and the potential for Lightspeed to capture a fair chunk of the market for its services is the reason investors are flocking to the stock. He remains the leading figure behind the company’s direction and product expansion. Lightspeed was founded by CEO Dax Dasilva in 2005. The 2019 high is around $49, and the company’s market valuations stands at $2.8 billion. ![]() At the time of writing, Lightspeed trades at $40 per share compared to $20 in March. Retailers and restaurants have embraced the company’s commerce platform, and Lightspeed now has 800 employees working in offices located in Canada, The United States, Europe, and Australia. Lightspeed POS is carving out a niche in the point-of-sale (POS) segment, providing nearly 50,000 customers in 100 countries with a one-stop scalable solution to engage with customers, accept payments, manage their operations, and grow their businesses. Small- and medium-sized firms in particular can now compete with larger corporations by offering services that would have previously been financially impossible. ProfileĬloud-based businesses are all the rage these days, as companies turn to third-party software providers to handle services and processes that used to require massive investments in equipment and staff. Lightspeed POS (TSX:LSPD) has gone from an unknown tech play to a market darling in recent months, and investors are wondering if the Montreal-based company is set to be the next Canadian tech stock superstar.
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