JPMorgan Downgrades VeriFone (PAY) to Neutral
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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
Pacific Crest Downgrades VeriFone (PAY) to Sector Weight
June 8, 2016 6:45 AM EDTPacific 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
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
