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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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February 25, 2015
08:11 EDTNCRNCR Corp. selected by TEDi for POS solutions
NCR announced it will provide European discount retailer TEDi with point-of-sale solutions to improve customer service and drive sales. Up to 1,000 NCR RealPOS 50 systems will be deployed at TEDiís approximately 1,400 stores across Germany, Austria, Slovenia, Slovakia and The Netherlands in the next two years. Four hundred units have already been delivered to TEDi stores.
February 24, 2015
07:55 EDTUSATUSA Technologies management to meet with Northland
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February 17, 2015
18:17 EDTNCRJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
10:28 EDTNCRJANA Partners reports 7.1% passive stake in NCR Corp.
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06:35 EDTUSATUSA Technologies announces agreement to finance QuickStart program
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06:33 EDTUSATUSA Technologies reports Q2 total connections up 28.6% to 288K
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06:33 EDTUSATUSA Technologies sees FY15 revenue $51M-$53M, consensus $51.93M
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06:31 EDTUSATUSA Technologies reports Q2 non-GAAP EPS 0c, consensus (1c)
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