Business Equipment
(PAY) VeriFone Systems Announces Preliminary Results
VeriFone Systems Inc. (PAY), an electronic payment solutions provider, recently reported preliminary results for the fourth quarter of 2011. The company expects revenues between $409 million and $411 million, up from its previous estimate of $395 million and $400 million. Excluding...
1Dec2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Buys The Breakaway Group
Xerox Corp. (XRX) recently announced that one of its fully owned subsidiaries, Affiliated Computer Services (ACS), has acquired The Breakaway Group with the sole intent of expanding its electronic medical records business. The terms of the deal along with its financial terms...
1Dec2011 | vitalstocks | 0 comments | Continued(PAY) VeriFone Systems Buys Point in Europe
VeriFone Systems, Inc. (PAY) has signed a definitive agreement with Nordic Capital Fund V to acquire European-based Point for approximately €600 million or $824 million. VeriFone will also retire Point’s debt of approximately €170 million. Management expects to close the...
15Nov2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Wins U.S Defense Contract
Xerox Corporation (XRX) recently bagged a five-year contract worth $103 million from the U.S Department of Defense. As per the contract, the company will offer improved technology to the U.S Department of Defense in a bid to reduce costs. The Department of Defense has been an...
6Oct2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Exceeds Estimates in Second Quarter Earnings Report
Xerox Corporation (XRX) reported a net income of $319 million or 22 cents per share in the second quarter of 2011 compared with $227 million or 16 cents per share in the year-ago quarter. Reported earnings in the quarter included charges of $54 million or 4 cents per share related...
4Aug2011 | vitalstocks | 0 comments | Continued(PAY) VeriFone Systems Aquires South African-based Destiny Electronic Commerce
VeriFone Systems, Inc. (PAY) recently completed the acquisition of South African based Destiny Electronic Commerce Ltd. Headquartered in Johannesburg with offices in Cape Town and Durban, Destiny Electronic Commerce provides secure payment technologies, services and solutions...
3Jul2011 | vitalstocks | 0 comments | Continued(XRX) Xerox and Cisco Systems Form Partnership
Xerox Corp. (XRX) and Cisco Systems Inc. (CSCO) have recently entered into a partnership that will enable the latter to use and offer the former’s cloud computing and print products and services on its network equipment. This will enable Cisco to offer more services to its...
9May2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Stays at Neutral
We reiterate our Neutral recommendation on Xerox Corporation (XRX), which is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. Headquartered in Norwalk, Connecticut, Xerox has its presence in more than 160 countries. The...
7May2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Reports Profit that More than Doubles
Xerox Corporation (XRX) reported a profit that more than doubled to $314 million in the third quarter of the year from $150 million in the same quarter a year ago. On earnings per share basis, the company has beaten the Zacks Consensus Estimate by a penny with a profit of 22...
17Nov2010 | vitalstocks | 0 comments | Continued(PBI) Pitney Bowes Meets Quarterly Earnings Estimates
Pitney Bowes Inc. (PBI) reported earnings per share from continuing operations of 53 cents in the third quarter of 2010, just exceeding the Zacks Consensus Estimate of 52 cents. Revenues for the quarter came in at $1.3 billion, a decline of 1% year over year including currency...
7Nov2010 | vitalstocks | 0 comments | Continued(XRX) Xerox Share Price is Ready to Double
by Alexander Moschina, Investment U Research Tuesday, September 28, 2010 Sometimes, it’s an earnings surprise that sends shares soaring. Other times, it’s the successful launch of a new product, or a new CEO takes the reins. But many times, the driving force behind a stock...
3Oct2010 | InvestmentU | 0 comments | Continued(XRX) Xerox Aquires Benefits Subsidiary of Hewlett-Packard to Expand BPO
Xerox Corporation (XRX) recently completed the acquisition of a subsidiary of Hewlett-Packard (HPQ). ExcellerateHRO LLP (“EHRO”), a benefits subsidiary of HP, has been taken over by the recently annexed Xerox subsidiary Affiliated Computer Services (“ACS”) for $125 million. The...
4Aug2010 | vitalstocks | 0 comments | Continued(CSTR) Coinstar Incorporated – Bullish Outlook
Coinstar Inc (CSTR) soared to an all-time high after the latest earnings release. revenues have dramatically increased and analysts continue to raise their estimates. Company Description Most of you are probably familiar with the Coinstar machines at local grocery stores. For...
11May2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Aquires Remaining Stake in VeriFone Transportation Systems
VeriFone Holdings, Inc. (PAY) announced the acquisition of the remaining minority interest in VeriFone Transportation Systems (VTS) and aligned all VTS operations within VeriFone’s Integrated Systems organization. Financial terms of the deal were not disclosed. Based in San...
5Apr2010 | vitalstocks | 0 comments | Continued(MLHR) Herman Miller Misses Earnings Expectations
Herman Miller Inc. (MLHR) posted fiscal 2010 third-quarter results on Wednesday. The company reported a net income of $8.3 million, compared to a net loss of $5.2 million in the year-ago quarter. Excluding special items, earnings per share came in at 15 cents, which missed the...
18Mar2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Earnings Scorecard
Following the release of better-than-expected first quarter results and an increase in guidance by VeriFone Holdings Inc. (PAY), we recently upgraded our rating on the stock to Outperform from Neutral. Based in San Jose, California, VeriFone designs, markets and services a transaction...
17Mar2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Incorporated – Bull of the Day
Over the past few quarters, VeriFone (PAY) experienced lower-than-expected revenue levels and a softer demand globally due to weak markets and adverse economic conditions. However, results for the fiscal first quarter were ahead of expectations. EPS came in at $0.26, easily beating...
17Mar2010 | vitalstocks | 0 comments | Continued(FEP) Energy Transfer Partners L.P. Builds New Pipeline
Construction has begun on the Fayetteville Express Pipeline (FEP), a 50/50 joint venture between Energy Transfer Partners L.P. (ETP) and Kinder Morgan Energy Partners L.P. (KMP). With an initial capacity to transport up to 2 billion cubic feet per day (Bcf/d) of natural gas,...
10Mar2010 | vitalstocks | 0 comments | Continued(CATM) Cardtronics Incorporated – Solid Growth
Cardtronics (CATM) set records for revenue and cash flows leaving analysts optimistic about the company’s growth prospects. Company Description Cardtronics operates over 30,000 ATMs in the U.S., Puerto Rico, the U.K. and Mexico. Additionally, the company works with merchants...
3Mar2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Tops Earnings Estimates
VeriFone Holdings Inc. (PAY) reported revenues of $223.4 million in the first quarter of fiscal 2010, up 2.6% sequentially and up 4.4% year over year. Systems Solutions generated revenues of $188.0 million, up 1.2% year over year. Services revenue increased 11% sequentially and...
3Mar2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Wins Sberbank Order
VeriFone Holdings Inc. (PAY) announced that the company received a multimillion-dollar order for its payment solutions by Sberbank, Russia’s largest bank. Sberbank, which ultimately intends to distribute approximately 130,000 payment solutions among merchants, has selected...
25Feb2010 | vitalstocks | 0 comments | Continued(PBI) Pitney Bowes Earnings Exceed Consensus Estimates
Pitney Bowes Inc. (PBI) reported fourth quarter 2009 earnings per share from continuing operations of 64 cents per share, exceeding the Zacks Consensus Estimate of 61 cents. Revenue for the quarter was $1.5 billion, a decline of 6% compared with the prior year, while on a constant...
5Feb2010 | vitalstocks | 0 comments | Continued(XRX) Xerox Corporation – Analysts Have Submitted Eleven Upward Revisions
Xerox Corp. (XRX) pleased investors with its earnings release last week. Covering analysts continue to raise estimates making shares of XRX an even better value. Company Description Xerox Corp is well known for its copy, printer and multi-functional machines as well as software...
28Jan2010 | vitalstocks | 0 comments | Continued(XRX) Xerox’s Earnings Report Outdoes Estimates
Xerox Corporation (XRX) has posted net income of $221 million or 25 cents per share (before special items) for the fourth quarter of the year. This was higher than the Zacks Consensus Estimate of 22 cents per share. However, net income decreased from $265 million or 30 cents...
21Jan2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Launches New Initiative
VeriFone Holdings,Inc. (PAY) recently announced a strategic initiative to leverage its current and future payment assets into the rapidly growing payment-enabled media marketplace. Management stated that consumers now want to take advantage of electronic payment options in locations...
5Jan2010 | vitalstocks | 0 comments | Continued(LYTS) Housing Starts and Building Permits Rebound
This morning’s release of data on Building Permits and Housing Starts show that the housing sector rebounded in November after an awful October. Looking first at Housing Starts, they rose by 8.9% to an annual rate of 574,000 up from 527,000 in October. The October number for...
16Dec2009 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Beats Earnings Estimates
VeriFone Holdings, Inc. (PAY) yesterday reported revenues of $217.8 million in its fiscal fourth quarter, up 11% from a year ago level and beating management’s expectations of $208 million to $215 million. International business decreased 14% while net revenues North America...
15Dec2009 | vitalstocks | 0 comments | Continued(PAY) Earnings Preview for VeriFone Holdings
VeriFone Holdings Inc. (PAY) is expected to report fourth quarter and fiscal 2009 results later today. Management had earlier stated that business has begun to recover in both domestic and international markets. The company expects revenues between $208 million and $215 million...
14Dec2009 | vitalstocks | 0 comments | Continued(PBI) Pitney Bowes’ Earnings Report Barely Exceeds Estimates
Pitney Bowes Inc. (PBI) reported earnings per diluted share from continuing operations of 55 cents, compared with 67 cents in the prior year. This was higher than the Zacks Consensus Estimate of 54 cents. Earnings reflect the negative impacts of 1 cent per diluted share associated...
4Nov2009 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Forms Global Security Solutions Business Unit
VeriFone Holdings Inc. (PAY) recently announced the formation of its Global Security Solutions Business Unit. This unit will focus on delivering innovative security solutions including VeriShield Protect end-to-end encryption, which protects cardholder data throughout merchant...
14Oct2009 | vitalstocks | 0 comments | Continued