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Stock Market & Financial Investment News

News Breaks
February 20, 2013
16:13 EDTPAYVeriFone says lower Q1, Q2 estimates due to weak macro's in Europe
Says the lower than expected results for the first quarter were driven primarily by: Continued weak macro-economic conditions in Europe; Increased focus and investments throughout 2012 on longer-term service initiatives in multiple jurisdictions at the expense of near-term hardware and software features and customization projects that were reduced or delayed, which resulted in missed revenue opportunities; An increase in deferred revenue related to volume shipments made during the quarter to a new mix of customers in the Middle East and Africa. These shipments did not meet first quarter revenue recognition requirements; Lower than anticipated revenue from large Brazilian customers, as well as political and economic uncertainty in Venezuela, typically a strong market for VeriFone; and Several customers electing to delay major projects beyond the first quarter, as well as the cancelled Washington, D.C. taxi project.
News For PAY From The Last 14 Days
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April 14, 2015
10:01 EDTPAYOn The Fly: Analyst Upgrade Summary
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05:44 EDTPAYVerifone upgraded to Buy from Neutral at Goldman
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April 7, 2015
10:05 EDTPAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Carnival (CCL) upgraded to Outperform from Market Perform at Wells Fargo... Crown Castle (CCI) upgraded to Buy from Hold at Evercore ISI... Ctrip.com (CTRP) upgraded to Overweight from Neutral at Piper Jaffray... Demandware (DWRE) upgraded to Conviction Buy from Buy at Goldman... FirstEnergy (FE) upgraded at BofA/Merrill... Frontier Communications (FTR) upgraded to Neutral from Underperform at DA Davidson... JPMorgan (JPM) upgraded to Outperform from Market Perform at Bernstein... Pattern Energy (PEGI) upgraded to Outperform from Market Perform at Raymond James... Ralph Lauren (RL) upgraded to Buy from Outperform at CLSA... ResMed (RMD) upgraded to Outperform from Neutral at Credit Suisse... Ryanair (RYAAY) upgraded to Overweight from Neutral at JPMorgan... Splunk (SPLK) upgraded to Overweight from Neutral at Piper Jaffray... Total (TOT) upgraded at RBC Capital... Verifone (PAY) upgraded to Buy from Hold at Stifel... XL Group (XL) upgraded to Buy from Neutral at UBS.
07:29 EDTPAYVerifone upgraded at Stifel
As noted earlier, Stifel upgraded Verifone to Buy from Hold. The firm believes that the company's success with EMV terminal upgrades has been underappreciated, and it predicts that stabilizing foreign exchange trends and strong EMV growth will cause the stock to revalue. Target $42.
06:43 EDTPAYVerifone upgraded to Buy from Hold at Stifel
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