Florida Retirement System boosts position in LivePerson

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LIVEPERSON ($NASDAQ:LPSN): LivePerson, Inc. is a publicly traded company on the Nasdaq Global Select Market that provides artificial intelligence-powered chatbots and live chat services.

Market Price

On Monday, Florida Retirement System announced that it had increased its position in LivePerson stock. The move came after the stock opened at $10.6 and closed at $10.9, up by 2.4% from the prior closing price of $10.6. Florida Retirement System is one of the largest pension funds in the United States, and its move is seen as a vote of confidence in LivePerson. The company is a leading provider of artificial intelligence-powered chatbots and other digital customer service solutions.

LivePerson has been growing rapidly in recent years, thanks to the increasing popularity of chatbots and other digital customer service solutions. The company’s stock has been on a tear in recent months, and Monday’s move by Florida Retirement System is likely to give the stock another boost. Live Quote….

VI Analysis

LIVEPERSON is classified as a ‘cheetah’ company, which means it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Such companies are usually of interest to growth investors, who are willing to trade off some stability for the potential of higher returns. LIVEPERSON is strong in growth and weak in asset, dividend, and profitability metrics, indicating that it may be a risky investment. However, the company has an intermediate health score of 4/10, indicating that it is likely to be able to pay off its debt and fund future operations.

VI Peers

The competition between LivePerson Inc and its competitors is fierce. AuthID Inc, Avaya Holdings Corp, and Nutanix Inc are all major players in the industry, and each company is fighting for market share. LivePerson Inc has a strong product offering and a loyal customer base, but its competitors are not to be underestimated. AuthID Inc is a well-funded startup that is quickly gaining market share, while Avaya Holdings Corp is a large company with a long history in the industry. Nutanix Inc is a smaller company, but it has a unique product that is gaining traction with customers.

– AuthID Inc ($NASDAQ:AUID)

IDEMIA is a French multinational company that provides identity solutions. The company has a market cap of 27.76M and a ROE of -150.97%. IDEMIA provides solutions that enable people to prove their identities, access services, and exercise their rights. The company’s products and services are used in a variety of fields, including national ID programs, e-passports, e-IDs, driver’s licenses, and biometric applications.

– Avaya Holdings Corp ($NYSE:AVYA)

Avaya Holdings Corp is a publicly traded company with a market capitalization of 131.14 million as of 2022. The company has a return on equity of 658.8%. Avaya is a global provider of business communications and collaboration solutions, providing unified communications, contact centers, data solutions, and related services to companies of all sizes around the world.

– Nutanix Inc ($NASDAQ:NTNX)

Nutanix Inc is a cloud computing company that provides a web-scale converged infrastructure platform that combines compute, storage, and networking resources into a single integrated solution. The company’s products and services include Acropolis, an enterprise cloud platform that enables businesses to run any application at any scale; Prism, a unified console that provides visibility and central control over the Nutanix enterprise cloud; and Xtract, a tool that allows businesses to extract data from Nutanix snapshots for use in analytics and reporting.

Summary

The Florida Retirement System (FRS) recently boosted its position in LivePerson, Inc. (NASDAQ: LPSN), a provider of live chat software for businesses. The company has been benefiting from strong growth in its live chat business, which has been driven by the increasing popularity of chatbots and the growing use of messaging apps for customer service. LivePerson’s share price has been volatile in recent months, however, as investors have been concerned about the company’s ability to sustain its growth. LivePerson reported disappointing results for its third quarter, with revenue and earnings coming in below analyst expectations.

The company’s guidance for the fourth quarter was also below expectations, raising concerns about LivePerson’s ability to continue growing at its current pace. Despite these concerns, the Florida Retirement System’s decision to boost its stake in LivePerson suggests that the pension fund is confident in the company’s long-term prospects. LivePerson’s live chat software is used by some of the world’s largest companies, including Apple, AT&T, and Microsoft, and the company is well-positioned to benefit from the continued growth of chatbots and messaging apps.