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Prices & Quotes - UK Markets - Micro Focus International (MCRO)
Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.
- Share Price:
-
534.20p
- Change Today:
-
-7.40p
- Market Cap:
- £1,791.68m
- Sector:
- Software & Computer Services
Micro Focus surges again as Goldman upgrades to 'buy'
By Michele Maatouk
Date: Monday 07 Dec 2020
LONDON (ShareCast) - (Sharecast News) - Shares of Micro Focus surged on Monday after Goldman Sachs upgraded the software company to 'buy' from 'neutral' and hiked the price target to 650p from 335p.
The bank said Micro Focus's better-than-expected full-year trading update in November indicated there were early signs of a moderation in the rate of revenue declines. GS said four key assets - Vertica, IDOL, ArcSight and Fortify - are being overshadowed by the more challenged part of the business but have potential to unlock "significant" value.
It also said the shares would benefit from a rotation to value stocks.
Micro Focus shares rocketed at the end of last week after Amazon named it as one of the businesses approved to help companies move computer mainframes onto Amazon Web Services (AWS).
At 1100 GMT, the shares were up 15.2% at 496.20p.
MCRO Market Data
| Currency | UK Pounds |
| Price | 534.20p |
| Change Today | -7.40p |
| 52 Week High | 587.60p |
| 52 Week Low | 211.80p |
| Volume | 491,394 |
| Shares Issued | 335.40m |
| Market Cap | £1,791.68m |
| Beta | 0.02 |
Performance Indicators
- Value
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- full market star
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- Price Trend
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- Income
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- Growth
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- Price Chg 6m
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- P/E
- Not Available
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- Dividend Yield
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- EPS Growth
- Not Available
What The Brokers Say
| Strong Buy | 3 |
| Buy | 0 |
| Neutral | 5 |
| Sell | 0 |
| Strong Sell | 1 |
| Total | 9 |
MCRO Dividends
| Latest | Previous | |
|---|---|---|
| Final | Final | |
| Ex-Div | 11-Mar-21 | n/a |
| Paid | 15-Apr-21 | n/a |
| Amount | 15.50¢ | 0.000¢ |
Trades for 16-Apr-2021
| Time | Volume / Share Price |
| 16:35 | 195,939 @ 534.20p |
| 16:29 | 6 @ 536.00p |
| 16:29 | 9 @ 536.00p |
| 16:29 | 9 @ 536.00p |
| 16:29 | 300 @ 535.40p |
MCRO Key Personnel
| CEO | Stephen Murdoch |
| CFO | Brian McArthur-Muscroft |