This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: VeriFone, Mentor Graphics (Update 1)

NEW YORK -- VeriFone Systems (PAY - Get Report), the electronics payment technology company, on Thursday provided a third-quarter outlook below analysts' expectations.

VeriFone forecast non-GAAP earnings of 68 cents to 70 cents a share for its fiscal third quarter ending in July on revenue ranging from $495 million to $500 million.

Analysts are expecting profit of 70 cents a share on revenue of $502.2 million.

Shares of Verifone fell 8.49% in premarket trading Friday to $41.18.


Mentor Graphics (MENT - Get Report) is expected by analysts Friday to report fiscal first-quarter earnings of 24 cents a share on revenue of $254.9 million.

5 Value Stocks Insiders Are Snapping Up


Infoblox (BLOX - Get Report), the network-automation company, topped Wall Street's estimates in its first quarterly results since going public in April.

Infoblox posted third-quarter revenue of $43.4 million, up from $31.8 million in the same period last year, and above analysts' estimates of $41.4 million.

Excluding items, Infoblox earned 5 cents a share, compared with a loss of 3 cents a share a year earlier. Analysts were looking for earnings of 1 cent a share.

3 A-Rated Bank Stocks


Semtech (SMTC - Get Report), the semiconductor company, on Thursday posted first-quarter profit that came in below Wall Street estimates.

For the second quarter, Semtech said it expects to post adjusted earnings of 37 cents to 45 cents a share on sales of $146 million to $154 million.

Analysts forecast earnings of 41 cents a share on sales of $149.1 million.

General Electric's $4.5B Dividend Slated for Buybacks


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BLOX $23.89 -0.67%
MENT $25.75 2.60%
PAY $31.82 0.06%
SMTC $18.21 2.20%
AAPL $123.70 0.76%

Markets

Chart of I:DJI
DOW 17,628.33 +187.74 1.08%
S&P 500 2,094.93 +27.29 1.32%
NASDAQ 5,095.59 +55.8140 1.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs