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Stock Market & Financial Investment News

News Breaks
December 19, 2012
14:23 EDTPAYVeriFone gross margins likely to continue to expand, says Argus
Argus predicts that VeriFone's free cash flow will nearly double in fiscal 2013 and the firm continues to be upbeat on the company's long-term growth outlook. It views the stock's valuation as attractive and maintains a Buy rating on the stock.
News For PAY From The Last 14 Days
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July 10, 2014
06:00 EDTPAYeBay repatriated cash likely to be used for M&A, says Piper Jaffray
Piper Jaffray believes a large part of the $9B in cash eBay expects to repatriate to the U.S. will be used for acquisitions in the payments space. The cash, equating to $6B net of taxes, could help eBay take advantage of the shift to mobile payments, the firm says. Piper lists Square, VeriFone (PAY), iZettle and Corduro as companies in the payment space that are within acquisition range for eBay. The firm has an Overweight rating on eBay with a $63 price target.

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