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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:26 EDTDBD, PAY, USAT, NCR, MCRS, NXPIVeriFone hits 52-week high after better than expected results
Shares of VeriFone Systems (PAY), which is involved in secure electronic payment solutions, are rising after the company’s second quarter results and its revenue outlook surpassed expectations. WHAT'S NEW: Last night, VeriFone reported Q2 adjusted earnings per share of 37c and adjusted revenue of $467M, beating the consensus views of 33c and $443.42M, respectively. VeriFone forecast Q3 adjusted EPS of 33c-34c versus consensus of 37c. Q3 adjusted revenue was seen at $455M-$460M, which was above the consensus of $453.83M at the midpoint. For FY14, adjusted EPS was forecast at $1.42-$1.44, compared to consensus $1.43, while adjusted revenue was seen at $1.825B-$1.835B, topping the consensus of $1.8B. WHAT’S NOTABLE: The company also announced that the competition commission of India is investigating certain complaints made against it, alleging unfair practices based on certain provisions in its software development license arrangements in India. VeriFone noted it has cooperated with requests by the CCI in its investigation. OTHERS TO WATCH: After VeriFone stated that 15 of its existing POS customers moved to EMV credit card technology, Sterne Agee wrote in a note to investors that it thinks the EMV trend is gathering steam and provides a tailwind to NXP Semiconductors (NXPI). The firm notes that banks are continuing to roll out EMV-enabled cards and kept a $74 price target and Buy rating on NXP's shares. Other companies in the POS system and electronic payment space include NCR Corporation (NCR), Diebold (DBD), USA Technologies (USAT), and MICROS Systems (MCRS). PRICE ACTION: In late morning trading, VeriFone rose about 7%, to $36.23 on heavy trading volume. Earlier in the session, the stock hit a new 52-week high of $36.74. Including today’s advance, the stock has more than doubled in price over the past twelve months.
News For PAY;NXPI;NCR;DBD;MCRS;USAT From The Last 14 Days
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September 4, 2015
08:29 EDTPAYVerifone 'impressive' revenue, U.S. guidance improves outlook, says Stifel
Stifel believes that VeriFone reported "impressive" Q3 results, with "solid," better than expected revenue and strong underlying trends. The firm says that the company's overall guidance was "somewhat disappointing," but it thinks the miss was mostly caused by foreign exchange fluctuations, and it believes the guidance could be conservative. The firm was impressed by the company's guidance for 3% growth, and it is now more confident in the company's outlook. It reiterates a Buy rating on the shares.
08:16 EDTPAYVerifone risk/reward positive, says Pacific Crest
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07:15 EDTPAYVerifone risk/reward looks 'very attractive,' says Jefferies
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September 3, 2015
19:03 EDTPAYOn The Fly: After Hours Movers
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16:19 EDTPAYVerifone falls after results
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16:04 EDTPAYVerifone sees FY15 adjusted EPS $1.82-$1.83, consensus $1.85
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16:03 EDTPAYVerifone sees Q4 adjusted EPS 47c-48c, consensus 51c
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16:02 EDTPAYVerifone reports Q3 adjusted EPS 47c, consensus 46c
Reports Q3 revenue $510M, consensus $500.79M.
14:57 EDTPAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.95... VeriFone (PAY), consensus 46c... Esterline (ESL), consensus $1.42... Infoblox (BLOX), consensus 10c... UTi Worldwide (UTIW), consensus (5c)... Vince Holding (VNCE), consensus 23c.
07:12 EDTPAYVerifone September volatility elevated into Q3 and outlook
Verifone September call option implied volatility is at 58, October is at 47; compared to its 52-week range of 21 to 57, suggesting large near term price movement into the expected release of Q3 results today after the market close.
September 1, 2015
08:06 EDTPAYVerifone, Aava Mobile partner to offer 'pocketable' mPOS Solution
Verifone (PAY) and Aava Mobile announced the first handheld mobile point of sale solution powered by Intel (INTC) to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers. The solution is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.
07:59 EDTNXPINXP Semiconductors price target raised to $140 from $129 at SunTrust
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August 25, 2015
09:59 EDTPAYOn The Fly: Analyst Upgrade Summary
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07:33 EDTPAYVerifone upgraded to Overweight from Neutral at Piper Jaffray
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August 24, 2015
10:09 EDTNCRNCR Corp. says ICBC Zhongshan to expand use of APTRA OptiCash software
NCR Corporation announced that Industrial and Commercial Bank of China Zhongshan Branch will expand its use of NCR APTRA OptiCash software to cover its entire network of 600 ATMs. The project's initial phase, delivered in a cloud-based software environment, demonstrated a reduction in operation costs and cash inventory, as well as maintaining high ATM availability across the bank's 200 off-site ATMs.

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