Bottomline Technologies falls despite strong earnings and guidance The shares are down over 4.5% at time of writing, putting the shares below the uptrend support line, which was the 10-day moving average. The company beat earnings last night by 10 cents a share for its Q2 and raised guidance for fiscal year 2013 to $1.15 versus consensus of $1.02. At the current price of $27.67, support is at the low of the session at $26.03. Resistance is at $28.49. Craig-Hallum downgraded the stock following earning to Hold citing valuation.
Bottomline Technologies affiliation with Visa should open doors, says Stephens Stephens analyst Brett Huff does not believe Paymode's new partnership with Visa (V) will lead to material revenue for Bottomline Technologies (EPAY) in the near-term, but he does think the affiliation should open doors at bank channel partner and payor prospects and provide more growth opportunities for Paymode over time. Huff keeps an Overweight rating and $31 price target on Bottomline shares.