As more and more companies go online, they are all looking for payment systems. One of the long-term players in this space is CyberSource
In the meantime, CyberSource is posting some nice results. Third-quarter revenue spiked 53% to $26.5 million, and the customer base increased by 2,000 to 22,000. Customers include Tibco Software
However, there are some problems. For example, the company's BidPay offering -- which is similar to eBay's
But investors seem to be mostly focused on the Authorize.Net transaction, which is expected to close Nov. 1. Shortly thereafter, CyberSource will provide the Street with updated revenue and net income guidance. The deal is expected to result in cost savings of $4 million to $6 million and will bring along significant customers.
While I've been bullish on CyberSource, I'm now tempering things. After all, the shares have surged a hefty 44% over the past month. So for Foolish investors, it's probably a good idea to wait until CyberSource provides guidance on the Authorize.Net deal and trading activity cools off a bit.
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