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Last $33.89 USD
Change Today -0.23 / -0.67%
Volume 1.0M
PAY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

verifone systems inc (PAY) Snapshot

Open
$34.02
Previous Close
$34.12
Day High
$34.40
Day Low
$33.71
52 Week High
06/3/15 - $39.25
52 Week Low
10/15/14 - $28.19
Market Cap
3.9B
Average Volume 10 Days
1.4M
EPS TTM
$0.36
Shares Outstanding
114.3M
EX-Date
--
P/E TM
93.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for VERIFONE SYSTEMS INC (PAY)

verifone systems inc (PAY) Details

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, as well as support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools. The company also offers multimedia consumer facing POS devices; unattended and self-service payment solutions designed to enable payment transactions in self-service environments; and integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as payment systems for integration. In addition, it provides mobile payment solutions for various segments of the mobile point of sale environment; contactless peripherals; network access solutions; security solutions; payment-as-a-service and other managed services, terminal management, payment-enabled media, and payment system security solutions; and server-based payment processing software and middleware, as well as taxi payment solutions. Further, the company offers equipment repair or maintenance, remote terminal management, software post-contract support, customized application development, helpdesk, customer service, warehousing, and encryption or tokenization services. It serves financial institutions, payment processors, petroleum companies, transportation companies, government organizations, healthcare companies, and quick service restaurants; taxi fleets, advertisers and media companies, and merchants and retailers; and distributors, banks and acquirers, system integrators, and independent sales organizations. The company was formerly known as VeriFone Holdings, Inc. and changed its name to VeriFone Systems, Inc. in May 2010. VeriFone Systems, Inc. is headquartered in San Jose, California.

5,200 Employees
Last Reported Date: 12/17/14

verifone systems inc (PAY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $450.0K
President of Verifone North America
Total Annual Compensation: $393.1K
President of Verifone Europe
Total Annual Compensation: $324.4K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $366.7K
Compensation as of Fiscal Year 2014.

verifone systems inc (PAY) Key Developments

Westpac Signs Four-Year Point of Sales Deal with VeriFone Systems, Inc

Westpac announced that it has inked a four-year agreement with Verifone Systems under which the bank will deploy over 100,000 VX 690 point of sales (PoS) payment terminals and accompanying online services. Westpac will offer the company's VX 690 payment terminal as well as full terminal management to customers leveraging the company's Payment as a service platform. VX 690 payment terminal, which features bluetooth, 3G radio and Wi-Fi connectivity, will accept all types of payments including EMV, NFC, and mobile wallets as well as accept cards branded by UnionPay International.

Westpac Banking Corporation Offers Next-Gen Portable Payment Devices & Full Terminal Management to Customers Leveraging Verifone Payment as a Service Platform

Verifone announced that Westpac Banking Corporation will be the first bank in Asia Pacific to deploy its new handheld EMV and NFC-enabled terminal solution that is fully supported with payment services from Verifone. Westpac Group—including St. George, Bank of Melbourne and Bank SA—will provide the VX 690 payment terminal from Verifone along with full terminal management support through Verifone’s Payment as a Service platform. The partnership provides a superior level of servicing that will offer Westpac Group’s merchant clients a market leading platform for faster onboarding, the ability to see their daily transaction activity in real-time and full support provided by Verifone’s technical expertise. A handheld payment terminal, the VX 690 can accept all types of payments—including EMV, NFC and mobile wallets. It features Bluetooth, 3G radio and Wi-Fi connectivity that meets merchants’ demands—especially where multiple connectivity options are increasingly required for payment device acceptance. The terminal will also be able to accept cards branded by UnionPay International (previously China UnionPay). Verifone’s Payment as a Service platform will enable merchants to connect the terminals to Verifone’s gateways for efficient transaction routing, simplified device monitoring and enhanced payment security and compliance. Each terminal is also backed by Verifone’s call center and field support services.

Verifone Systems, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Earnings Guidance for the Third Fiscal Quarter of 2015 and Full Fiscal Year 2015

VeriFone Systems, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. GAAP net revenues for the quarter were $490 million, compared to $466 million a year ago, a 5% increase. GAAP net income per diluted share for the quarter was $0.15, compared to a net loss of $0.22 a year ago. Non-GAAP net income per diluted share was $0.44, compared to $0.37 a year ago, a 19% increase. Operating income was $29.7 million, income before income taxes was $19.1 million and net income attributable to company stockholders was $17.6 million against operating loss of $13.5 million, loss before income taxes of $24.2 million and net loss attributable to VeriFone Systems, Inc. stockholders of $23.9 million for the same period a year ago. On non-GAAP basis, operating income was $69.3 million and net income attributable to company stockholders was $50.9 million against operating income of $60.0 million and net income attributable to VeriFone Systems, Inc. stockholders of $41.6 million a year ago. In the second quarter of 2015, cash flow from operations was $56 million and the free cash flow was $27 million. Capital expenditures were $29 million in the quarter. For the six months, operating income was $52.9 million, income before income taxes was $34.6 million and net income attributable to VeriFone Systems, Inc. stockholders was $31.4 million or $0.27 per diluted share against operating loss of $20.0 million, loss before income taxes of $47.2 million and net loss attributable to VeriFone Systems, Inc. stockholders of $40.1 million or $0.36 per diluted share for the same period a year ago. Total net revenues were $976.4 million against $902.5 million a year ago. Net cash provided by operating activities was $97.4 million against $88.4 million a year ago. Capital expenditures were $48.9 million against $41.9 million a year ago. On non-GAAP basis, operating income was $139.4 million and net income attributable to company stockholders was $101.6 million against operating income of $113.2 million and net income attributable to company stockholders of $76.4 million a year ago. For the third fiscal quarter of 2015, the company expects non-GAAP net revenues of $495 million to $500 million and non-GAAP net income per diluted share of $0.44 to $0.46. For the full fiscal year 2015, the company expects non-GAAP net revenues of $1.995 billion to $2.0 billion and non-GAAP net income per diluted share of $1.81 to $1.84. The company still expects fiscal year 2015 free cash flow generation to be approximately $140 million to $150 million.

 

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PAY

Industry Average

Valuation PAY Industry Range
Price/Earnings 100.0x
Price/Sales 2.0x
Price/Book 4.2x
Price/Cash Flow 31.1x
TEV/Sales 1.4x
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