Argus Downgrades VeriFone (PAY) to Hold
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
VeriFone Systems (PAY) volatility elevated into lower guidance
September 2, 2016 8:29 AM EDTVeriFone Systems (NYSE: PAY) VeriFone Systems (PAY) is recently down $3.40 to $16.70 in the premarket afer the company cut its guidance. Verifone sees Q4 adjusted revenue $460M, consensus $536.30M. September weekly call option implied volatility is at 69, October is at 46; compared to its 52-week range of 25 to 61.
... MoreWedbush Downgrades VeriFone (PAY) to Neutral
September 2, 2016 7:12 AM EDTWedbush downgraded VeriFone (NYSE: PAY) from Outperform to Neutral with a price target of $20.00 (from $30.00), saying headwinds are unlikely to abate near-term.
Analyst Gil Luria commented, "We are downgrading shares of PAY to NEUTRAL from OUTPERFORM as we do not believe investors... More
Piper Jaffray Downgrades VeriFone (PAY) to Neutral
September 2, 2016 6:34 AM EDTPiper Jaffray downgraded VeriFone (NYSE: PAY) from Overweight to Neutral with a price target of $19.00 (from $27.00).
Analyst Jason Deleeuw commented, "PAY significantly cut FY 16 guidance and now expects revenue to decline 3% in FY 17 due to 1) a slowdown in U.S. EMV upgrades from SMB... More
