Key Developments: VeriFone Systems Inc (PAY)

PAY on New York Consolidated

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28 Aug 2014
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Latest Key Developments (Source: Significant Developments)

VeriFone Systems Inc and Gilbarco join forces to offer payment solutions and services and digital media
Wednesday, 13 Aug 2014 10:22am EDT 

VeriFone Systems Inc and Gilbarco:Says they are partnering to offer next generation forecourt payment solutions and to create at-pump interactive digital media network worldwide.Two companies will collaborate on future fuel dispenser payment platforms to be developed and supplied by VeriFone.Solutions will meet convenience and fuel retailers` functionality and regulatory needs in increasingly complex payment ecosystem, as well as offer at-pump media advertising and entertainment.  Full Article

Manhattan Associates Inc acquires assets of GlobalBay Technologies from VeriFone
Tuesday, 12 Aug 2014 01:17pm EDT 

Manhattan Associates Inc:Acquires assets of GlobalBay Technologies from VeriFone.Acquisition extends Manhattan's omni-channel Inventory and Order Management solutions by enabling in store sales and clienteling capabilities.Acquisition was completed on Aug. 11.Financial terms of transaction will not be disclosed.  Full Article

VeriFone Systems Inc gives Q3 2014 mixed guidance; raises FY 2014 guidance
Thursday, 5 Jun 2014 04:00pm EDT 

VeriFone Systems Inc:Expects Q3 2014 Non-GAAP net revenues of $455-$460 million.Expects Q3 2014 Non-GAAP net income per diluted share of $0.33 to $0.34.Expects FY 2014 net revenues of $1,825-$1,835 million.Expects FY 2014 Non-GAAP net income per diluted share of $1.42 to $1.44.Q3 2014 revenues of $454 million and EPS of $0.37 - Thomson Reuters I/B/E/S.FY 2014 revenues of $1.804 billion and EPS of $1.43 - Thomson Reuters I/B/E/S.  Full Article

VeriFone Systems Inc announces chairman change - Form 8-K
Tuesday, 6 May 2014 04:11pm EDT 

VeriFone Systems Inc:Says Leslie G. Denend, the current chairman, notified that he will not stand for re-election to the board at upcoming 2014 annual meeting of stockholders scheduled for June 17.Intends to appoint Hart as its non-executive chairman with effect immediately.  Full Article

VeriFone Systems Inc gives Q2 2014 EPS guidance; revenue guidance above analysts' estimates; raises FY 2014 revenue guidance; updates on FY 2014 EPS guidance
Tuesday, 11 Mar 2014 04:00pm EDT 

VeriFone Systems Inc:Expects Q2 2014 non-GAAP net revenues of $440 million to $445 million.Expects Q2 2014 non-GAAP net income per diluted share of $0.30 to $0.32.Expects FY 2014 non-GAAP net revenues of $1.780 billion to $1.810 billion.Expects FY 2014 non-GAAP net income per diluted share of $1.40.Q2 2014 revenue of $439 million and EPS of $0.31 - Thomson Reuters I/B/E/S.FY 2014 revenue of $1.788 billion and EPS of $1.39 - Thomson Reuters I/B/E/S.  Full Article

VeriFone Systems Inc gives Q1, FY 2014 guidance; EPS guidance below analysts' estimates
Tuesday, 17 Dec 2013 04:01pm EST 

VeriFone Systems Inc:Says Q1 2014 non-GAAP net revenues of $425 mln to $430 mln.Says Q1 Non-GAAP net income per diluted share of $0.26.Says FY 2014 Non-GAAP net revenues of $1.77 bln to $1.80 bln.Says FY 2014 Non-GAAP net income per diluted share of $1.35 to $1.40.Q1 2014 revenue of $428 mln and EPS of $0.32 - Thomson Reuters I/B/E/S Estimates.FY 2014 revenue of $1.79 bln and EPS of $1.56 - Thomson Reuters I/B/E/S Estimates.  Full Article

VeriFone Systems Inc Names Paul Galant Chief Executive Officer
Monday, 23 Sep 2013 04:30pm EDT 

VeriFone Systems Inc announced that it has appointed Paul Galant Chief Executive Officer (CEO) and Member of the Board of Directors, effective October 1, 2013.  Full Article

VeriFone Systems Inc Issues Q4 2013 Guidance Above Analysts' Estimates
Thursday, 5 Sep 2013 04:00pm EDT 

VeriFone Systems Inc announced that for the fourth quarter of 2013, it expects Non-GAAP net revenues of $418 million to $422 million and Non-GAAP net income per diluted share of $0.25. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $412 million and EPS of $0.50 for the fourth quarter of 2013.  Full Article

VeriFone Systems Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Comments On Q4 2013 Guidance
Wednesday, 5 Jun 2013 04:01pm EDT 

VeriFone Systems Inc announced that for the third quarter of 2013, it expects Non-GAAP net revenues of approximately $400 million and Non-GAAP net income per diluted share of approximately $0.20. For the fourth quarter of 2013, it expects modest sequential increases in non-GAAP net revenues and non-GAAP net income per diluted share. . According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $460 million and EPS of $0.50 for the third quarter of 2013; revenue of $476 million and EPS of $0.53 for the fourth quarter of 2013.  Full Article

Levi & Korsinsky Notifies Investors With Losses On Their Investment In Verifone Systems Inc Of Class Action Lawsuit And The Deadline Of May 6, 2013 To Seek A Lead Plaintiff Position
Tuesday, 23 Apr 2013 03:32pm EDT 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased VeriFone Systems Inc stock between December 14, 2011 and February 19, 2013.The complaint alleges that throughout the Class Period, Defendants failed to disclose that: the Company did not properly execute its plan to move to a more subscriptions-based service model; past acquisitions had masked the Company's sharply declining revenue base; the Company was inappropriately recognizing revenues from distributors in periods where such revenues should have been deferred; the Company lacked adequate internal and financial controls; and as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.  Full Article

VeriFone results beat as retailers upgrade card swipe machines

- VeriFone Systems Inc , a maker of credit card swipe machines, reported better-than-expected results for the second quarter, mainly helped by customers in Australia and retailers upgrading equipment with new security features.

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