VeriFone Systems (PAY) volatility elevated into lower guidance

September 2, 2016 8:29 AM EDT

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VeriFone Systems (NYSE: PAY) VeriFone Systems (PAY) is recently down $3.40 to $16.70 in the premarket afer the company cut its guidance. Verifone sees Q4 adjusted revenue $460M, consensus $536.30M. September weekly call option implied volatility is at 69, October is at 46; compared to its 52-week range of 25 to 61.

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