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Stock Market & Financial Investment News

News Breaks
December 18, 2013
11:38 EDTHPY, PAY, USAT, NCRVeriFone slides after profit guidance falls short of estimates
Shares of electronic payment solutions provider VeriFone Systems (PAY) are falling after the company’s first quarter and fiscal 2014 profit outlook fell short of analysts’ consensus estimates. WHAT'S NEW: Last night, VeriFone reported fourth quarter earnings per share of 27c and revenue of $432M, both of which topped analysts’ consensus estimates. The company forecast Q1 EPS of 26c and FY14 EPS of $1.35-$1.40. Both of these significantly trailed analysts’ consensus estimates of 32c and $1.56, respectively. Revenue guidance for Q1 and FY14 was generally in-line with consensus. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Deutsche Bank said VeriFone’s guidance was still not conservative despite coming in below consensus. Deutsche said the company’s second half estimates look aggressive given its higher investment, weak products and secular challenges. The firm reiterated a Sell rating on the stock with a $13 price target. Conversely, SunTrust said weakness in VeriFone represented a buying opportunity. The firm recommended using any weakness related to FY14 guidance as an opportunity to add to positions. SunTrust remained bullish on VeriFone given improving free cash flow, growing services revenue, operating leverage, and new technology. The firm maintained a Buy rating on the shares with a $31 price target. PRICE ACTION: In late morning trading, VeriFone fell $1.96 or 7.8% to $23.04 on heavy trading volume. OTHERS TO WATCH: Others in the payment solutions space include NCR Corporation (NCR), USA Technologies (USAT), and Heartland Payment Systems (HPY).
News For PAY;NCR;USAT;HPY From The Last 14 Days
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April 15, 2014
08:09 EDTNCRBuffalo Wild Wings uses NCR online ordering across all restaurants
NCR (NCR) announced that Buffalo Wild Wings (BWLD) has selected the NCR Aloha Online Ordering solution for its 1K company-owned and franchised locations to help drive its takeout ordering business. Adding online ordering functionality to its existing NCR technology solution will enable Buffalo Wild Wings to manage both on and off-premise transactions within one system. Aloha Online Ordering enables Buffalo Wild Wings customers to order online and avoid wait times on the phone. Their payment information is securely stored for future orders and they can review their order. All web orders are instantly distributed to the appropriate store and then routed to the kitchen.
April 14, 2014
10:02 EDTHPYOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
08:07 EDTNCRNCR selected by Qatar Islamic Bank
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07:07 EDTHPYHeartland Payment upgraded to Hold from Sell at Stifel
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April 10, 2014
12:53 EDTHPYHeartland Payment acquires school solution provider MCS Software
Heartland Payment Systems has acquired MCS Software, a provider of school foodservice point-of-sale, back office and online payment solutions for more than 4,000 K-12 schools nationwide. Heartland noted that is School Solutions division now serves over 34,000 K-12 schools nationwide, representing a 35% share of the public schools in the U.S.
08:02 EDTNCRNCR Corp. software selected by Tevis Oil
NCR Corporation announced that Tevis Oil Company has selected NCR’s Radiant point-of-sale technology solutions to improve service and reliability at its Jiffy Mart convenience store chain.
April 9, 2014
10:20 EDTNCRHigh option volume stocks: CZR STZ TCK GIMO NCR
April 8, 2014
11:13 EDTPAYVeriFone management to meet with SunTrust
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April 4, 2014
07:02 EDTUSATUSA Technologies announces exclusive agreement with Pepi Companies
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