Pacific Crest Downgrades VeriFone (PAY) to Sector Weight
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VeriFone (PAY) Price Target Reduced to $19 at Deutsche Bank
June 8, 2016 9:42 AM EDTDeutsche 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
June 8, 2016 8:21 AM EDTJefferies 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
June 8, 2016 7:45 AM EDTCompass 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.
... MoreWedbush Cuts price Target on VeriFone Systems (PAY) Following Mixed 2Q Results
June 8, 2016 7:36 AM EDTWedbush 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
June 8, 2016 7:12 AM EDTJPMorgan 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.
... MoreBarclays Downgrades VeriFone (PAY) to Equalweight
June 8, 2016 6:42 AM EDTBarclays 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.
... MoreVeriFone Systems (PAY) Misses Q2 EPS by 5c; Will Undertake Strategic Review; Q3, FY16 Guidance Falls Short
June 7, 2016 4:04 PM EDT(Updated - June 7, 2016 4:39 PM EDT)
VeriFone Systems (NYSE: PAY) reported Q2 EPS of $0.47, which was $0.05 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $532 million versus the consensus estimate of $530.1 million.
Q2 was a mixed quarter for Verifone as we grew our business, but experienced several difficult market dynamics, said Paul Galant,... More
