Goldman Sachs Downgrades VeriFone (PAY) to Neutral, Problems Not Cyclical
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China Mobile (CHL) Ups Ante in Mobile Payments as Verifone (PAY) Limps into Weekend
February 22, 2013 10:44 AM ESTAccording to reports this morning, China Mobile (NYSE: CHL) will work with China payment operator UnionPay to promote mobile payments. According to a statement, the two companies will use a platform called Trusted Service Manager, and will push for services to allow payments via... More
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February 21, 2013 9:33 AM ESTParkerVision, Inc. (Nasdaq: PRKR) 37% HIGHER; announced today that on February 20, 2013, the United States District Court for the Middle District of Florida issued its patent claim construction ruling, or "Markman Order", in the ongoing patent infringement action between ParkerVision and Qualcomm, Inc (Nasdaq: QCOM).
Repros Therapeutics Inc. (Nasdaq: RPRX) 32% HIGHER; provided a clinical update of its Androxal Phase 3 program following receipt of written guidance from the FDA. The FDA has... More
Compass Point Goes Against the Grain and Upgrades VeriFone (PAY) to Buy
February 21, 2013 8:57 AM ESTCompass Point is going against the grain and upgrading VeriFone (NYSE: PAY) from Neutral to Buy with a price target of $28 following poor Q1 preliminary results. The firm said VeriFone is bad but not broken.
The analyst comments, "Fallen angel VeriFone released preliminary 1Q'FY13 results that were materially below... More
Piper Jaffray Downgrades VeriFone (PAY) to Neutral
February 21, 2013 7:28 AM ESTPiper Jaffray downgraded VeriFone (NYSE: PAY) from Overweight to Neutral with a price target of $24.00 (from $42.00).
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 $31.89 yesterday, with a 52 week range of $27.33-$55.89.... More
SunTrust Robinson Humphrey Downgrades VeriFone (PAY) to Neutral
February 21, 2013 7:26 AM ESTSunTrust Robinson Humphrey downgraded VeriFone (NYSE: PAY) from Buy to Neutral.
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 $31.89 yesterday, with a 52 week range of $27.33-$55.89.... More
JPMorgan Downgrades VeriFone (PAY) to Neutral
February 21, 2013 7:25 AM ESTJPMorgan downgraded VeriFone (NYSE: PAY) from Overweight to Neutral with a price target of $20.00 (from $46.00).
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 $31.89 yesterday, with a 52 week range of $27.33-$55.89.... More
Raymond James Downgrades VeriFone (PAY) to Outperform
February 21, 2013 7:24 AM ESTRaymond James downgraded VeriFone (NYSE: PAY) from Strong Buy to Outperform with a price target of $30.00 (from $60.00).
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 $31.89 yesterday, with a 52 week range of $27.33-$55.89.... More
VeriFone (PAY) Trims Q1 Outlook; Cites Macro Weakness in Europe, Increased Focus
February 20, 2013 4:07 PM ESTVeriFone Systems, Inc. (NYSE: PAY) announced certain preliminary financial results for its first quarter ended January 31, 2013.
VeriFone expects to report Q1 non-GAAP net revenues in the range of $425 million to $430 million and Q1 GAAP net revenues in the range of $424 million to $428 million. VeriFone expects to report non-GAAP net income per share between $0.47 and $0.50 and GAAP net income per share between $0.07 and $0.10.
*** The Street sees revs of $482.5 million and EPS of $0.73.
The lower than expected results for the first quarter were driven primarily by:
* Continued weak macro-economic conditions in Europe;... More
