Wedbush Securities Sees VeriFone Holdings' Q1 Results And Guidance Exceed Expectations

In a report published by Wedbush Securities, VeriFone Holdings PAY saw its Q1 results and guidance exceed expectations. Wedbush Securities reported that it believes VeriFone is well positioned to maintain double-digit top line growth as a stand-alone company and will benefit from significant accretion if it successfully completes the Hypercom acquisition. “Our caution on the shares relates to the risks created by the completion of the deal and the integration of Hypercom, as focus shifts from top-line growth to cost-cutting.” VeriFone Holdings closed yesterday at $44.61.