VeriFone price target raised to $40 from $35 at Wedbush Wedbush raised its price target for VeriFone shares to $40 following the company's better than expected Q1 results and maintains 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.
Verifone September volatility elevated into Q3 and outlook Verifone September call option implied volatility is at 58, October is at 47; compared to its 52-week range of 21 to 57, suggesting large near term price movement into the expected release of Q3 results today after the market close.
Verifone, Aava Mobile partner to offer 'pocketable' mPOS Solution Verifone (PAY) and Aava Mobile announced the first handheld mobile point of sale solution powered by Intel (INTC) to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers. The solution is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.