Hypercom Hits 52-Week High (HYC)

Shares of Hypercom Corporation

are currently up 12.6% at $6.61 per share during Wednesday afternoon trading. Today's trading range for shares of Hypercom Corporation has been between $6.25 and a 52-week high of $6.63 per share. The consensus price target of analysts covering the company's stock is $6.70 per share. Volume of 3.1 million shares is far above the daily average volume of 699,000 shares. Hypercom Corporation (

) released financial results after the market closed on Tuesday that far exceeded Wall Street estimates. Hypercom Corporation reported 3rd quarter adjusted earnings of 16 cents per share, on revenue of $125.1 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 8 cents per share, on revenue of $112.59 million. Hypercom Corporation's President and chief executive officer Philippe Tartavull said, “Global demand for our products and services has never been stronger. We are capturing significant market share in the Asia-Pacific region and in Europe. In the Americas, Tier 1 United States retailers are piloting our next generation L5000 multilane products and we are excited by the potential of these products to transform our presence in the market.” Read more