VeriFone Systems (PAY) Tops Q1 EPS by 2c, FY Guidance Tops Views

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Go back to VeriFone Systems (PAY) Tops Q1 EPS by 2c, FY Guidance Tops Views

Wedbush Raises Price Target Following VeriFone Systems' (PAY) 1Q Beat

March 11, 2016 8:11 AM EST

Wedbush reiterated an Outperform rating on VeriFone Systems (NYSE: PAY), and raised the price target to $36.00 (from $35.00), following the company's 1Q earnings report. FQ1 revenue grew 12% organic constant currency to $514 million and topped consensus of $501 million. Non-GAAP EPS of $0.48 beat consensus of $0.46.

Analyst... More