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NCR Unveils New Online Purchase Platform for Software Growth
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NCR Corporation recently introduced a new online purchase platform for U.S. based customers to enable them to easily browse and buy the NCR Silver solution designed for businesses operating in small and mid-markets.
The NCR Silver cloud-based point-of-sale (POS) software solution is very useful for small and mid-market business owners because they can access important tools like detailed analytics, remote management and like, at reasonable prices.
Notably, demand for NCR’s POS solution is increasing, especially in retail and hospitality industries as it facilitates the automation of bill payment and accounting. According to Global Market Insights, the global market size for POS terminals will reach $103.5 billion by 2023. Thus, NCR with its varied offerings of POS terminals and solutions should be able to capitalize on these growth opportunities.
We believe that the launch of the new online purchase platform is a testament to the fact that NCR is focusing on the software and services sector to boost growth.
Declining Hardware Segment Poses Concern
NCR has been witnessing a decline in its Hardware segment due to continued weakness in the ATM business. The fall in ATM revenues was due to supply constraints owing to the company’s transition from 30 Series to 80 Series product line.
Moreover, the company lowered its view for fiscal 2018, triggering a wave of discouragement among investors. Furthermore, the company expects to incur high costs and expenses in the third quarter for addressing supply and execution challenges.
The stock has lost 20.8% year to date compared with the industry's decline of 2.7%.
Initiatives to Drive Growth
NCR has been pulling socks up to combat its dwindling prospects. The company recently restructured its management to better focus on transforming into a software and services company.
The launch of the online purchase platform is also part of its strategy to focus on the better performing segments. Its dedicated effort to shift focus from the low performing segments to the more promising ones is a positive. It remains to be seen whether the new initiatives will be able to rake in more revenues and boost the stock in the upcoming quarters.
Zacks Rank and Stocks to Consider
NCR currently carries a Zacks Rank #5 (Strong Sell).
Long-term earnings growth for Virtusa, Qualys and Fortinet is projected to be 20%, 8% and 16.75%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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NCR Unveils New Online Purchase Platform for Software Growth
NCR Corporation recently introduced a new online purchase platform for U.S. based customers to enable them to easily browse and buy the NCR Silver solution designed for businesses operating in small and mid-markets.
The NCR Silver cloud-based point-of-sale (POS) software solution is very useful for small and mid-market business owners because they can access important tools like detailed analytics, remote management and like, at reasonable prices.
Notably, demand for NCR’s POS solution is increasing, especially in retail and hospitality industries as it facilitates the automation of bill payment and accounting. According to Global Market Insights, the global market size for POS terminals will reach $103.5 billion by 2023. Thus, NCR with its varied offerings of POS terminals and solutions should be able to capitalize on these growth opportunities.
We believe that the launch of the new online purchase platform is a testament to the fact that NCR is focusing on the software and services sector to boost growth.
Declining Hardware Segment Poses Concern
NCR has been witnessing a decline in its Hardware segment due to continued weakness in the ATM business. The fall in ATM revenues was due to supply constraints owing to the company’s transition from 30 Series to 80 Series product line.
Moreover, the company lowered its view for fiscal 2018, triggering a wave of discouragement among investors. Furthermore, the company expects to incur high costs and expenses in the third quarter for addressing supply and execution challenges.
The stock has lost 20.8% year to date compared with the industry's decline of 2.7%.
Initiatives to Drive Growth
NCR has been pulling socks up to combat its dwindling prospects. The company recently restructured its management to better focus on transforming into a software and services company.
The launch of the online purchase platform is also part of its strategy to focus on the better performing segments. Its dedicated effort to shift focus from the low performing segments to the more promising ones is a positive. It remains to be seen whether the new initiatives will be able to rake in more revenues and boost the stock in the upcoming quarters.
Zacks Rank and Stocks to Consider
NCR currently carries a Zacks Rank #5 (Strong Sell).
Few top-ranked stocks in the broader Computer and Technology sector are Virtusa Corporation , Qualys, Inc. (QLYS - Free Report) and Fortinet, Inc. (FTNT - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Virtusa, Qualys and Fortinet is projected to be 20%, 8% and 16.75%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>