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Shareholder Alert: The Ademi Firm Continues to Investigate Whether CoreCard Corporation Is Obtaining a Fair Price for Its Public Shareholders
Businesswire· 2025-09-15 06:22
Group 1 - The Ademi Firm is investigating CoreCard for potential breaches of fiduciary duty and other legal violations related to its transaction with Euronet [1] - In the transaction, CoreCard shareholders will receive between 0.2783 and 0.3142 shares of Euronet, with the exact ratio yet to be determined [1]
CoreCard (CCRD) Surges 10.0%: Is This an Indication of Further Gains?
ZACKS· 2025-08-01 18:36
Company Overview - CoreCard Corporation (CCRD) shares increased by 10% to close at $28.95, following a significant trading volume compared to normal sessions, despite an 8.7% loss over the past four weeks [1] - The company is set to merge with Euronet in a stock-for-stock transaction valued at approximately $248 million, or $30 per share [2] Financial Performance - CoreCard is expected to report quarterly earnings of $0.27 per share, reflecting an 80% year-over-year increase, with revenues projected at $16.45 million, a 19.2% increase from the previous year [3] - The consensus EPS estimate for CoreCard has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings estimate revisions [4] Industry Context - CoreCard operates within the Zacks Technology Services industry, where Allot Communications (ALLT) also resides, finishing the last trading session at $7.74, with a -9.4% return over the past month [4] - Allot Communications has seen a significant change in its consensus EPS estimate, dropping by 50% over the past month to $0, while still reflecting a 100% increase compared to the previous year's EPS [5]