Corpay (CPAY), formerly known as FleetCor Technologies Inc., reported noteworthy changes and developments. The company is set to report its Q1 earnings soon. The lead-up to this report is characterized by predictions of growth, which could impact the market. In addition, a peer comparison analysis is drawing attention from investors. Furthermore, the company underwent a rebranding strategy to focus on its B2B solutions under the new name
Corpay, causing the change of its stock ticker to CPAY. The rebranding effort happened alongside the first quarter results announcement for 2024, which is scheduled for May 8, 2024. Recently, Corpay made a strategic personnel move, naming
Oliver Morris as the new Head of Institutional Fund Services, EMEA. Interestingly, 87% of Corpay is owned by institutional investors. Corpay also introduced a
cross-border app making international payments easier and safer. Comdata, a part of Corpay, introduced a contactless EV payment solution called Chargepass™. Furthermore, Corpay and Phonexa also announced a partnership aimed at simplifying global commission payments for affiliates. There is an upcoming acquisition of Cambridge Global Payments which will cost $675 Million. Despite various developments, some critics question the company's valuation and potential asset sales are believed to be a positive, by analysts.
Corpay CPAY News Analytics from Fri, 23 Dec 2016 22:41:13 GMT to Wed, 08 May 2024 17:08:22 GMT -
Rating 6
- Innovation 6
- Information 7
- Rumor -2
