Verifone Reports Results for the Third Quarter of Fiscal 2016 and Updates Outlook for Full Year
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Wedbush 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
VeriFone Systems (PAY) Tops Q3 EPS by 2c; Guides Well Below the Street
September 1, 2016 4:05 PM EDTVeriFone Systems (NYSE: PAY) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $493 million versus the consensus estimate of $515.54 million.
GUIDANCE:
VeriFone Systems sees Q4 2016 EPS of $0.28-$0.29, versus the consensus of $0.48.... More
