-
Guggenheim Sees Balanced Risk-Reward For Global Payments After Robust Q4
Wednesday, February 20, 2019 - 11:10amGlobal Payments Inc (NYSE: GPN) posted healthy fourth-quarter results Feb. 13, with revenue and adjusted EPS falling in line with expectations. Management gave positive commentary on SICOM/Xenial, highlighting momentum in the quick service restaurant space and upbeat independent software...
-
Wirecard Investigation Sends Guggenheim To Sidelines
Tuesday, February 12, 2019 - 1:17pmShares of German payments company Wirecard (OTC: WRCDF) are likely to come under pressure from external investigations after the Financial Times published reports alleging fraud and accounting malpractice, according to Guggenheim. The Analyst Guggenheim’s Jeff Cantwell downgraded ...
-
Western Union Faces Macro Headwinds, Guggenheim Says After Q4 Print
Monday, February 11, 2019 - 10:05amThe 2019 guidance announced Thursday by The Western Union Company (NYSE: WU) reflects a tough operating environment. Although the company’s digital initiatives will generate revenue growth in the longer term, macro-related headwinds are likely to exert pressure on revenue growth in ...
-
Guggenheim Downgrades PayPal On Likely Headwinds From Brexit, Payments Competition
Wednesday, February 6, 2019 - 10:33amPayPal Holdings Inc (NASDAQ: PYPL) is likely to witness near-term pressure on its payment volume growth due to Brexit, medium-term headwinds from eBay Inc (NASDAQ: EBAY) and intensifying competition, according to Guggenheim. The Analyst Guggenheim’s Jeff Cantwell downgrades PayPal from...
-
Analysts React After American Express Rings Up Q4 EPS, Sales Miss
Friday, January 18, 2019 - 11:27amAmerican Express Company (NYSE: AXP) reported Thursday with a fourth-quarter top-and-bottom-line miss. The credit card issuer guided to a better-than-expected revenue growth outlook for 2019, mostly due to a "reasonably strong" consumer. Here's how the Street reacted to...
-
Brazilian Payments: Guggenheim Takes Neutral Stance On Cielo, PagSeguro
Wednesday, January 9, 2019 - 3:55pmBrazil’s regulator of the payments industry has been focusing on increasing competition in the space. Cielo S.A. (NASDAQ: CIOXY) and PagSeguro Digital Ltd (NYSE: PAGS) are now facing a tough competitive environment, according to Guggenheim. The Analyst Analyst Jeff Cantwell initiated ...
-
Guggenheim's Positive Outlook For Payments Stocks: 'We Expect Strong Results'
Wednesday, January 2, 2019 - 3:35pmAfter a mixed 2018 for payment stocks, one analyst is predicting strong performance ahead. The Analyst Guggenheim analyst Jeff Cantwell made the following adjustments to his payment stock coverage: Reiterated Buy rating for Fidelity National Information Servcs Inc (NYSE: FIS) with a price target...
-
Square's Guidance Miss: Analysts Speak Up
Thursday, November 8, 2018 - 12:21pmSquare Inc (NYSE: SQ) is getting crushed Thursday following a disappointing third-quarter earnings report. Square beat analyst expectations for earnings and revenue, but its fourth-quarter guidance disappointed Wall Street. The stock was down more than 9 percent to $74.79 at time of publication....
-
Why Square Is Guggenheim's Top Fintech Pick
Wednesday, August 29, 2018 - 10:35amSquare Inc (NYSE: SQ) is a lot more than a simple payment processor, in Guggenheim's view: the company's ever-expanding list of products and services makes it the analyst firm's "highest conviction name in fintech." The Analyst Guggenheim's Jeff Cantwell maintained a Buy...