Acquisitions boost top and bottom line growth at Micro Focus

Acquisitions boost top and bottom line growth at Micro Focus”

Micro Focus International PLC (LON:MCRO) saw its shares fall today after the blue chip software company posted largely in-line full-year results but said its revenues for the first-half of the current year will be "broadly flat". This was shown in a research note on 12 July.

COPYRIGHT VIOLATION WARNING: "Canaccord Genuity Reiterates "Buy" Rating for Micro Focus International plc (LON:MCRO)" was reported by Stock Observer and is the property of of Stock Observer. Micro Focus International had 98 analyst reports since July 21, 2015 according to SRatingsIntel. The financial firm after the upgrade has GBX 2740.00 target price per share on MCRO. Numis Securities maintained Micro Focus International plc (LON:MCRO) rating on Tuesday, December 1. They now have a GBP 2560.00p price target on the stock. Numis Securities maintained Micro Focus International plc (LON:MCRO) on Thursday, August 4 with "Add" rating. The company has an average rating of "Hold" and an average target price of GBX 2,366.27 ($30.65). The stock has "Overweight" rating by Barclays Capital on Thursday, April 14. The stock of Micro Focus International plc (LON:MCRO) has "Buy" rating given on Wednesday, July 12 by Canaccord Genuity.

28/04/2017 - Deutsche began new coverage on Micro Focus International giving the company a "Buy" rating.

12/04/2017 - Micro Focus International was downgraded to "Underperform" by analysts at Bank of America. The firm has "Neutral" rating given on Monday, January 9 by Credit Suisse. The stock has "Overweight" rating by Barclays Capital on Thursday, June 30. The stock's 50 day moving average is GBX 2,423.54 and its 200 day moving average is GBX 2,299.51. The stock's market capitalization is 5.04B, it has a 52-week low of 1621.00 and a 52-week high of 2675.00.

Micro Focus International reported continued top and bottom-line growth, boosted by recent acquisitions and ahead of its expected takeover of Hewlett Packard Enterprises's software arm.

Micro Focus International plc is a United Kingdom-based global software company.

Last September the company agreed to merge with Hewlett Packard Enterprises' software business assets in an $8.8 billion deal, that will lift it into the big leagues of European technology companies. The Firm enables clients to utilize new technology solutions while maximizing the value of their investments in information technology infrastructure and business applications. The Company caters to various industries, such as Federal, airlines and healthcare. The Company's portfolio includes identity access and security solutions, common business-oriented language (COBOL) development and mainframe solutions, development and IT operations management tools, host connectivity solutions, and collaboration and networking solutions.

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