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Stock Market & Financial Investment News

News Breaks
March 12, 2014
11:17 EDTMCRS, PAY, NCR, USATVeriFone Systems soars to 52-week high after results top estimates
Shares of VeriFone Systems (PAY), which offers secure electronic payment solutions, hit a new 52-week high after the company's first quarter results topped expectations. WHAT'S NEW: Last night, VeriFone reported Q1 earnings per share of 31c and revenue of $436M, beating expectations of 27c and $428.44M, respectively. The company forecast Q2 EPS of 30c-32c and revenue of $440M-$445M, compared to consensus of 31c and $439.06M, respectively. Fiscal 2014 EPS and revenue were seen at $1.40 and $1.78B-$1.81B, versus consensus of $1.39 and $1.79B, respectively. ANALYST REACTION: This morning, Deutsche Bank upgraded VeriFone to Hold from Sell following its Q1 results, citing the company's turnaround. The firm raised its price target for shares to $29 from $18. Another firm, Wedbush, raised their price target for VeriFone to $40 from $35 following the company's better than expected Q1 results and maintained an Outperform rating on the stock. Wedbush expects shares to move higher as the company overcomes its legacy issues and returns to normalized profitability in FY15. PRICE ACTION: In late morning trading, VeriFone rose $3.29, or about 11.3%, to $32.54 on twice its average daily trading volume. Including today's advance, the stock has gained about 50% over the past twelve months. OTHERS TO WATCH: Other companies in the electronic payment space include NCR Corporation (NCR), MICROS Systems (MCRS), and USA Technologies (USAT).
News For PAY;USAT;NCR;MCRS From The Last 14 Days
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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.
August 14, 2015
07:37 EDTNCRJANA reports new stakes in Allergan, TWC, sells Applied Materials
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