VeriFone Systems (PAY) Misses Q2 EPS by 5c; Will Undertake Strategic Review; Q3, FY16 Guidance Falls Short

Standpoint Research Upgrades VeriFone (PAY) to Buy

Standpoint Research upgraded VeriFone (NYSE: PAY) from Hold to Buy with a price target of $27.00.

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $21.27 yesterday.

VeriFone (PAY) Price Target Reduced to $19 at Deutsche Bank

Deutsche Bank maintained a Hold rating on VeriFone (NYSE: PAY) and lowered its price target to $19.00 (from $29.00). The change follows disappointing Q2 results.

Analyst Bryan Keane said, "PAY reported 2Q16 revs of $532m (8.6% Y/Y, 4.4% organic cc) in-line with our est. of $531.5m;... More

Jefferies Reiterates Buy as VeriFone Systems (PAY) Cuts Guidance

Jefferies reiterated a Buy rating and $40.00 price target on VeriFone Systems (NYSE: PAY) following the company's 2Q earnings report. PAY lowered F16 revenue guidance to $2.1B, compared to the Street's $2.16B estimate. Non-GAAP EPS guidance was also cut to $1.85 vs. the Street's $2.23.

Analyst... More

Compass Point Downgrades VeriFone (PAY) to Neutral

Compass Point downgraded VeriFone (NYSE: PAY) from Buy to Neutral with a price target of $23.00 (from $34.00).

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $28.23 yesterday.

Wedbush Cuts price Target on VeriFone Systems (PAY) Following Mixed 2Q Results

Wedbush maintained an Outperform rating on VeriFone Systems (NYSE: PAY), and cut the price target to $30.00 (from $36.00), following the company's 2Q earnings report. Revenue grew 10% organic constant currency to $532 million, coming in ahead of the consensus of $529m. However, non-GAAP EPS of $0.47 missed consensus of... More

JPMorgan Downgrades VeriFone (PAY) to Neutral

JPMorgan downgraded VeriFone (NYSE: PAY) from Overweight to Neutral with a price target of $24.00 (from $34.00).

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $28.23 yesterday.

Pacific Crest Downgrades VeriFone (PAY) to Sector Weight

Pacific Crest downgraded VeriFone (NYSE: PAY) from Overweight to Sector Weight and removed its price target. The change follows disappointing Q2 results.

Analyst Josh Beck said, "FQ2 beat revenue estimates but EPS missed. VeriFone substantially lowered its outlook. Pricing and macro pressures in... More

Barclays Downgrades VeriFone (PAY) to Equalweight

Barclays downgraded VeriFone (NYSE: PAY) from Overweight to Equalweight with a price target of $23.00 (from $37.00).

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $28.23 yesterday.

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