LPSN - Why LivePerson Stock Jumped 96.2% in 2019
Shares of LivePerson (NASDAQ: LPSN) popped 96.2% in 2019, according to data from S&P Global Market Intelligence, after the online chat platform provider repeatedly delivered better-than-expected quarterly results.
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LivePerson started the year strong by hitting an all-time high on the heels of its impressive fourth-quarter update in February, which included the company's strongest revenue growth (at 14.5%) in three years. The company effectively sustained that top-line momentum detailing 14% growth with its Q1 report in May -- though shares took a breather after almost tripling over the previous year. However, the stock rallied to fresh highs yet again starting in August after posting an accelerated 15.1% increase in revenue for the second quarter.