Why Micro Focus International Stock Surged Today
Shares of enterprise-software company Micro Focus International (NYSE: MFGP) surged higher on Wednesday after the company released preliminary full-year results for fiscal 2020. Financial results were down compared to last year, but perhaps investors are encouraged that the company still believes it's on track to achieve its three-year goals. When official fiscal 2020 results come out, Micro Focus expects to report revenue of $3 billion.