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VASCO Data Security International Inc. Message Board

  • wedgecake wedgecake Jan 22, 2013 1:51 PM Flag

    Today's VDSI Price Rise

    might be explained in part from SunTrust's bullish take on payment terminal vendors like VeriFone (and Vasco?):
    MARKET TALK: VeriFone Bull SunTrust Keeps Banging the Drum
    Last update: 1/22/2013 12:59:05 PM
    12:59 EST - Fears that emerging payments-technology firms like Square will displace incumbent players have weighed heavily on merchant-terminal maker VeriFone (PAY). But bull SunTrust is "increasingly confident" point-of-sale terminals "remain essential" regardless of new mobile-based services that allow consumers to use their smartphones to pay for transactions in stores. "There is no evidence" large merchants "are eschewing POS terminals for nascent, unproven technology." While PAY is a "show-me" stock for now, better organic revenue growth should pay off for long-term investors, the bank contends as it boosts estimates through 2015. PAY rises 1.6% to $32.97, putting this month's rebound at 11%.

    Sentiment: Buy

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