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Los Angelas, CA -- (SBWIRE) -- 03/06/2013 -- VeriFone Systems Inc (NYSE:PAY) swung to fiscal Q1 profit as the company managed to report stronger margins and services revenue, though product sales plunged.
The maker of card-payment systems lower its outlook for fiscal full year after it cut its first and second quarter forecasts late previous month. The company presently expects adjusted EPS of $1.90 to $2.10 per share and adjusted revenue of $1.8 billion to $1.83 billion.
VeriFone Systems Inc’s YTD performance was recorded as -35.14% while its market capitalization was $2.08 billion. The company has P/B ratio of 1.59 while P/E ratio was booked as 32.63. Institutional ownership owns 96.73% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.94. Net profit margin of the company was 3.55% while its gross profit margin was 41.46%.
Is PAY Showing Any Sign of Buy At The Current Market Price? Find Out Here
Cree, Inc. (NASDAQ:CREE) saw shares advancing 14.40% or $6.44 per share to close at $51.16 on volume of 13,275,175 shares traded during Tuesday's trading session. The producer of energy-efficient lighting products, rose to a two-year high after increasing its revenue forecast for the quarter ending March 31 to $345 million from $325 millino and introducing a LED bulb that sells for less than $10 at Home Depot Inc. (HD) stores.
How Should Investors Trade CREE After The Recent Volatile Moves? Find Out Here
Sohu.com Inc. (NASDAQ:SOHU) saw shares rising 11.92% to close yesterday's trading session at $48.84 on volume of 3,913,521 shares traded. Sohu.com Inc. led the gains among Chinese Internet stocks in New York on a report the company is in talks to be privatized. Citron Research later tweeted that the company should go for atleast $65 per share if it went private.
How Should Investors React To SOHU Now? Find Out Here
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX)’s shares had an interesting session as the stock spiked up over 18% to $4.06 on hefty volume of 18.27 million shares, well above its average volume of 632K shares. The stock made a new 52-week high of $4.79 in Monday’s session. Investors reacted to an article on Seeking Alpha, which speculated that the company might greatly benefit from Google Glass and shares of HIMX could triple. As per the author of the article, Himax will be the primary provider of Google Glasss micro display.
Is HIMX A Solid Investment At These Levels? Find Out Here
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