You are right I think. If you compare the charts of their two largest competitors Pax global technologies and Ingenico to Verifone it's clear who the market likes. POS systems are very competitive, how does a company stand out? Although I do think that Verifone is a good company and is doing the right things, they are still down from missteps a couple of years ago. Maybe a merger would give them more clout.
Tuesday after BMO Capital Markets initiated coverage with an "outperform" rating and a $42 price target.
C'mon Karen get with the program! There's no money to be made to the downside.
Sentiment: Strong Buy
“We are excited to partner with MTN to enable their growing base of 219 million subscribers, particularly the 22 million MTN Mobile Money users, to use this innovative retail enablement software,” said Chris Jones, CEO, Verifone Mobile Money. “Access to mobile money boosts financial inclusion and prosperity, offering mobile phone users a convenient and safe way to access a variety of financial services.
Sentiment: Strong Buy
Check the websites for the Ingenico and Pax Global technologies, they accept all types of payments. It's a very competitive business right now.
u don't get it verifones machines takes all typed of payments no one else does that
That is not true at all, Ingenico which is Verifones main competitor and Pax global in China are into the terminal business, and all of them make EMV point of sale machines. In the USA a lot of these machines are not yet turned on to accept EMV, that is changing this year as vendors have to get them working.
PIN Pad retails for 199 measly $2 Million order. I believe Starbucks already using Verifone this probably just an upgarde. I don't see any reason to get excited about.
You are right about new machines being everywhere. I think analysts are thinking beyond the EMV migration and what are revenues going to do when that is done. Payments are in a transition and I don't think too many people can see where it's going, that's why Verifone is just not moving too much one way or the other. Ultimately they are going to have to merge with somebody to stay in the game. Credit cards are going to be around for a long time, how they are going to be processed is changing and not every transaction has to go through a POS terminal. I like the new management at Verifone and think they are doing the right things.