Streptococcus are Gram-positive cocci that occur in chains or pairs and are classified based on their hemolytic capacity (α, β, γ hemolysis) and Lancefield antigens. Important species include S. pyogenes (Group A streptococci), S. agalactiae (Group B streptococci), and S. pneumoniae. These bacteria can cause a variety of infections through secretion of toxins and enzymes. Laboratory identification involves microscopy, culture characteristics, and antigen detection.