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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:
Down 476.60p
Change Today:
-13.10p
Market Cap:
1,599.22m
Sector:
Software & Computer Services

Micro Focus to appeal as jury rules in favour of Wapp in patent litigation case

By Michele Maatouk

Date: Monday 08 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Micro Focus said on Monday that it plans to appeal after a jury ruled in favour of US-based Wapp in a patent litigation case, awarding the claimant damages of up to $172.5m.
Wapp brought a claim against Micro Focus in July 2018 in the Eastern District of Texas, accusing the software company of infringing claims of three patents in connection with its manufacture and sale of certain products in the ADM (Application Delivery Management) product line, including LoadRunner and Performance Center.

Last week, the jury in the case delivered a verdict in favour of Wapp. Micro Focus said the matter is awaiting the judge to hand down his judgement and that the potential damages awarded could be the increased.

"Micro Focus has received comprehensive and clear advice from its external counsel that it has a very strong case to appeal both the infringement verdict and the amount of the damages," it said.

"Accordingly, Micro Focus intends to appeal any judgement resulting from the verdict. Micro Focus continues to contend that there has been no infringement of any intellectual property and its advice from external counsel continues to support this."

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MCRO Market Data

Currency UK Pounds
Price 476.60p
Change Today -13.10p
52 Week High 587.60p
52 Week Low 211.80p
Volume 1,287,855
Shares Issued 335.55m
Market Cap 1,599.22m
Beta 0.04

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 11-May-2021

Time Volume / Share Price
16:44 94,998 @ 471.08p
16:35 150,538 @ 476.60p
16:29 100 @ 476.00p
16:29 1 @ 476.00p
16:29 19 @ 476.20p

MCRO Key Personnel

CEO Stephen Murdoch
CFO Brian McArthur-Muscroft