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Stock Market & Financial Investment News

News Breaks
March 12, 2014
11:17 EDTNCR, USAT, MCRS, PAYVeriFone 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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January 16, 2015
13:37 EDTPAYManning & Napier Advisors reports 5.15% passive stake in Verifone
09:44 EDTUSATUSA Technologies enters pact with MasterCard
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January 13, 2015
08:02 EDTNCRNCR's SelfServ 90 to be deployed by Japan's MUJI department stores
NCR announced that the NCR SelfServ 90 will be deployed by Ryohin Keikaku Co, Ltd. in Japan. The pilot implementation for MUJI department stores marks the first installation of NCR self-checkout technology in a non-grocery environment in Japan. Additional deployments are expected for its high-traffic locations inside terminal buildings and metro areas, as well as other stand-alone locations. The MUJI store in Yurakucho, Japan is the site of the initial installation.
January 12, 2015
10:01 EDTUSATUSA Technologies initiated with a Buy at Craig-Hallum
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