We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LivePerson (LPSN) Stock Jumps 7.3%: Will It Continue to Soar?
Read MoreHide Full Article
LivePerson (LPSN - Free Report) shares soared 7.3% in the last trading session to close at $26.92. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 23.5% loss over the past four weeks.
LivePerson’s stock appreciated on continued optimism surrounding the demand for its products. The company is benefiting from the accelerated digital transformation projects across a number of industries amid the ongoing pandemic crisis. Organizations have been reconfiguring their set-up for enabling a meaningful connection with consumers.
Also, healthy demand for its LiveEngage product from contact center businesses has been a key growth driver. Improvement in product quality and performance, multiple product launches and increased pricing have boosted its top-line performances over the last few quarters.
This customer-service technology company is expected to post quarterly loss of $0.49 per share in its upcoming report, which represents a year-over-year change of -5000%. Revenues are expected to be $123.74 million, up 21.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For LivePerson, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LPSN going forward to see if this recent jump can turn into more strength down the road.
Image: Bigstock
LivePerson (LPSN) Stock Jumps 7.3%: Will It Continue to Soar?
LivePerson (LPSN - Free Report) shares soared 7.3% in the last trading session to close at $26.92. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 23.5% loss over the past four weeks.
LivePerson’s stock appreciated on continued optimism surrounding the demand for its products. The company is benefiting from the accelerated digital transformation projects across a number of industries amid the ongoing pandemic crisis. Organizations have been reconfiguring their set-up for enabling a meaningful connection with consumers.
Also, healthy demand for its LiveEngage product from contact center businesses has been a key growth driver. Improvement in product quality and performance, multiple product launches and increased pricing have boosted its top-line performances over the last few quarters.
This customer-service technology company is expected to post quarterly loss of $0.49 per share in its upcoming report, which represents a year-over-year change of -5000%. Revenues are expected to be $123.74 million, up 21.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For LivePerson, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LPSN going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>