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Stock Market & Financial Investment News

News Breaks
March 12, 2014
11:17 EDTUSAT, MCRS, PAY, NCRVeriFone 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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March 26, 2015
08:09 EDTNCRNCR Corp says selected by Qatar National Bank
QNB has signed a software professional services agreement with NCR Corporation to migrate to NCR Consumer Experience Banking, CxBanking, software -- APTRA Activate.
March 25, 2015
08:12 EDTNCRNCR says selected by Defense Commissary Agency
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March 24, 2015
10:01 EDTPAYOn The Fly: Analyst Initiation Summary
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06:18 EDTPAYVerifone initiated with an Outperform at BMO Capital
Target $42.
March 23, 2015
07:20 EDTPAYBarclays to hold a forum
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March 17, 2015
11:05 EDTUSATUSA Technologies management to meet with Craig Hallum
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10:13 EDTPAYOptions with decreasing implied volatility
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08:07 EDTNCRWaffle House completes rollout of NCR Silver to 1,400 corporate locations
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08:05 EDTNCRNCR Interactive Teller selected by Akbank
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March 16, 2015
10:14 EDTPAYOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC

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