Barclays Maintains an 'Overweight' on VeriFone (PAY); Chat with CEO/CFO Solidifies Disconnect
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Unusual 11 Mid-Day Movers 09/06: (RDN) (NAV) (MW) Higher; (OCZ) (FCEL) (PAY) Lower
September 6, 2012 1:01 PM EDTOCZ Technology Group, Inc. (Nasdaq: OCZ), 20.2 % LOWER; announced its preliminary revenue for the second quarter of fiscal year 2013 (Q2'13), which ended on August 31, 2012. The Company expects preliminary revenue for the second fiscal quarter of 2013 to be approximately $110 to 120 million compared to the previously guided revenue range of $130 to $140 million. This preliminary revenue range compares to $113.6 million for the first fiscal quarter of 2013 and $78.5 million for the second fiscal quarter of 2012. The Street sees revs of $134.4 million. Downgraded at Craig-Hallum, FBN Securities, and Needham & Company today.
Radian Group Inc. (NYSE:... More
Compass Point Reiterates a 'Neutral' on VeriFone (PAY); Adjusts Numbers on Q3 Results
September 6, 2012 9:52 AM EDTCompass Point reiterates a 'Neutral' on VeriFone (NYSE: PAY) price target of $33.00 (from $38.00).
Analyst, Douglas Greiner, said, "Following fiscal 3Q earnings we reiterate our rating. Our revised estimates are $2.74 this year ($2.66 previously) and $3.20 next year ($3.25 previously)...The company introduced guidance for next year of... More
eBay (EBAY) Pops Amid Peer Verifone's (PAY) Weak Q3 Results, Outlook
September 6, 2012 9:51 AM EDTeBay, Inc. (NASDAQ: EBAY) is popping higher early Thursday morning, up 2.4 percent early.
The move might have something to do with peer Verifone's (NYSE: PAY) quarterly results, issued after the market closed Wednesday. eBay's PayPal unit is a competitor with Verifone as both look to broaden mobile payment offerings.... More
Pre-Open Movers 9/6: (OREX) (MW) (CALL) Higher; (OCZ) (PAY) (WCRX) Lower (more...)
September 6, 2012 9:29 AM EDTOCZ Technology Group Inc. (Nasdaq: OCZ) 28% LOWER ; issues a profit warning for second quarter results
VeriFone Systems, Inc (NYSE: PAY) 11% LOWER ; reports... More
Goldman Sachs Defends VeriFone (PAY): Product Cycle Strong
September 6, 2012 7:32 AM EDTGoldman Sachs reiterates a 'Buy' on VeriFone (NYSE: PAY) price target of $43.00.
Analyst, Julio C. Quinteros Jr, said, "We reiterate our rating on PAY shares as the model remains on track for FY12 with organic growth (overcoming significant FX headwinds... More
Deutsche Bank Reiterates a 'Sell' on VeriFone (PAY); Quarter Disappoints
September 6, 2012 7:28 AM EDTDeutsche Bank reiterates a 'Sell' on VeriFone (NYSE: PAY) price target of $27.00 (from $30.00).
Deutsche analyst said, "PAY reported 3Q12 non-GAAP revenues of $493m, below our estimate of $503m, and pro forma EPS of $0.75, ahead of our $0.71 estimate mostly due to a lower... More
After-Hours Movers 9/5: (MIND) (OREX) (DNDN) Higher; (OCZ) (PAY) (WCRX) Lower (more...)
September 5, 2012 5:32 PM EDTOCZ Technology Group Inc. (Nasdaq: OCZ) 14% LOWER ; issues a profit warning for second quarter results
VeriFone Systems, Inc (NYSE: PAY)... More
Market Wrap: Draghi's Bond Buying Knows No Limits; Nokia's Phone Flub; ING Dumps Capital One; OCZ Signals Tough Times
September 5, 2012 5:29 PM EDTMarket wrap-up for September 5th
End of the Day: S&P 500 down 1.5 to 1,403.43; Dow Jones up 11.5 to 13,047.48; Nasdaq down 5.8 to 3,069.27
The following is a brief summary of events moving markets today:Into its meeting tomorrow, reports... More
VeriFone (PAY) Lower After Bricks Revenue
September 5, 2012 4:48 PM EDTShares of VeriFone Systems, Inc (NYSE: PAY) are getting crushed in after-hours trading on Wednesday following the release of third quarter earnings. Revenue for the quarter missed estimates, coming in at $493 million versus the $498.34 expected. In the same quarter last year, VeriFone reported $317 million in... More
