VeriFone Systems (PAY) volatility elevated into lower guidance

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Go back to VeriFone Systems (PAY) volatility elevated into lower guidance

Argus Downgrades VeriFone (PAY) to Hold

September 6, 2016 7:49 AM EDT

Argus downgraded VeriFone (NYSE: PAY) from Buy to Hold on a weaker outlook.

The firm now expects revenue to be flat in FY16, down from their prior forecast of 5% growth. They are lowering their FY16 EPS forecast to $1.66 from $1.85 and their FY17 estimate to... More