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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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November 17, 2014
08:01 EDTNCRNCR Corp. technology selected by Citymarket for Paraguay launch
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November 14, 2014
09:16 EDTUSATOn The Fly: Pre-market Movers
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07:07 EDTUSATUSA Technologies reports Q1 adjusted EPS (2c), consensus (1c)
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07:07 EDTUSATUSA Technologies sees FY15 revenue $51M-$53M, consensus $50.63M
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November 13, 2014
07:24 EDTPAYSunTrust to hold a conference
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November 12, 2014
10:00 EDTPAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.

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