|Bid||367.60 x 0|
|Ask||368.30 x 0|
|Day's range||333.40 - 378.30|
|52-week range||205.80 - 1,148.40|
|Beta (5Y monthly)||1.84|
|PE ratio (TTM)||N/A|
|Earnings date||02 Feb 2021 - 08 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Apr 2020|
|1y target est||19.13|
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.
The Micro Focus share price has surged higher today. Roland Head explains why he's getting interested in this FTSE 250 tech stock. The post Will the 346p Micro Focus share price ever go back to 2,697p? appeared first on The Motley Fool UK.
Micro Focus, which helps customers maintain and integrate legacy IT technology, said it now expects adjusted core earnings margin of about 39% on revenue of about $3 billion (2.3 billion pounds) for the year ended Oct. 31 as it cut costs. "We are now nine months into our three-year turnaround plan ... Cash generation and working capital management remain strong, the investments we've made are showing encouraging early results," said Chief Executive Officer Stephen Murdoch. Micro Focus' shares rose 21.3% to 329.8 pence by 0850 GMT, having hit a four-month high of 337.4 pence earlier in the session.