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Why Lightspeed Commerce Stock Took a Dive Today

·2-min read
Why Lightspeed Commerce Stock Took a Dive Today
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  • LSPD

Shares of Lightspeed Commerce (NYSE: LSPD) were tumbling Thursday after investors seemed underwhelmed by the guidance that accompanied the SaaS company's fiscal 2022 second-quarter report. Lightspeed, which provides a range of cloud services including payments solutions for small and medium-sized consumer businesses, posted blowout growth in its fiscal Q2, which ended Sept. 30. About half of that revenue came from new business acquisitions, while organic revenue in its core segments -- subscriptions and transcriptions -- grew 58%.

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