Is Fiserv’s 21% Stock Plunge the Start of a Major Shakeup Investors Can’t Afford to Ignore?
Fiserv stock news
The reason for negativity surrounding Fiserv stock might seem like small potatoes to most traders. Fiserv’s organic revenue for Q2 rose 8% YoY to $5.18 billion, just a hair beneath the Wall Street expectation of $5.2 billion.
However, many stocks are getting hit hard by the market for lackluster results due to the market trading at new all-time highs. That does not apply to Fiserv stock though, which had already tread 30% lower since early March highs before Wednesday’s drop.
But coming after Q1 organic growth of 7%, the 8% Q2 figure led management to condense its full-year outlook from 10%-12% to just 10%.
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