VeriFone (PAY) Q4 'Very Solid', Jefferies Says

Jefferies analyst Jason Kupferberg reiterated a Buy rating and $43 price target on VeriFone (NYSE: PAY) following Q4 results after the close. The analyst sees the company building steam into 2015.

Kupferberg commented, "PAY delivered another very solid beat for revs and non-GAAP EPS in F4Q. Even with management's typical overlay of conservatism, the highly anticipated F15 guidance came out in line w/ Street and ahead of JEFe for revs, while EPS is in line with JEFe but below Street, as we had anticipated. Following the recent pullback in shares, we believe the outlook and tone are good enough to be a + catalyst."

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 $33.06 yesterday.

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