Jefferies Reiterates Buy as VeriFone Systems (PAY) Cuts Guidance
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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
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
Dow finishes back above 18,000 as dollar dips
June 8, 2016 7:23 AM EDTBy Caroline Valetkevitch
(Reuters) - The Dow ended above 18,000 for the first time since April on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals.
The S&P 500 materials index climbed 0.6 percent following gains in copper and gold prices. Energy shares were lower despite a jump in oil prices.
The benchmark S&P 500, up for a third straight session, is now about 12 points shy of its all-time closing high of 2,130.82.
Helping sentiment was a weaker dollar, which tends to benefit U.S. multinationals that... 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.
... MoreVerifone (PAY) out of the money calls & puts expected to be active on weak Q2 results
June 8, 2016 6:47 AM EDTVerifone (NYSE: PAY) is recently down $8.27 to $19.95 in the premarket following the companys weaker than expected Q2 results. June call option implied volatility is at 55, July is at 35; compared to its 52-week range of 21 to 59.
... MorePacific 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.
... MoreAfter-Hours Stock Movers 06/07: (GEVO) (HHS) (PLAY) Higher; (PAY) (FLXN) (DLTH) Lower (more...)
June 7, 2016 5:56 PM EDTToday's After-Hours Movers:
Gevo (NASDAQ: GEVO) 39% HIGHER; announced that the first two commercial flights using Gevos renewable alcohol to jet fuel (ATJ) are taking place today originating in Seattle and flying to San Francisco International Airport1 and Ronald Reagan Washington National Airport2, respectively.
VeriFone Systems (NYSE: PAY) 27% LOWER; 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.... More
VeriFone 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
Stocks expected movement into quarterly results and outlook
June 7, 2016 3:17 PM EDTVerifone (NYSE: PAY) June 30 straddle priced for 7.1% movement
Lululemon (NASDAQ: LULU) June weekly 69 straddle priced for 9% movement
Brown Forman (NYSE: BF.B) June 68.5 straddle priced for 9.3% movement
Dave and Busters (NASDAQ: PLAY) June 40 straddle priced for 10.2% movement
Trading Radar for 6/7: Valeant Pharma (VRX), HD Supply (HDS), Michaels (MIK), Navistar (NAV) Report
June 6, 2016 2:05 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
Advanced Drainage Systems... More
