Micro Focus reinstates dividend on strong cash generation
9th Feb 2021 07:48
(Sharecast News) - British software firm Micro Focus International has reinstated its dividend, despite a near $3bn impairment charge pushing it deep into the red.
Read moreMicro Focus surges again as Goldman upgrades to 'buy'
7th Dec 2020 11:05
(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.
Read moreMicro Focus jumps on selection as Amazon mainframe partner
4th Dec 2020 11:52
(Sharecast News) - Micro Focus International shares surged after Amazon named it as one of the businesses approved to help companies move computer mainframes onto Amazon Web Services (AWS).
Read moreThursday broker round-up
19th Nov 2020 13:38
(Sharecast News) - easyJet: Liberum upgrades to buy with a target price of 1,300p.
Read moreMicro Focus ends year in line with forecasts
18th Nov 2020 08:16
(Sharecast News) - Software company Micro Focus updated the market following the end of its financial year on Wednesday, saying it expected to report revenue of about $3bn, in line with management expectations.
Read moreMicro Focus repays $175m of debt
3rd Sep 2020 07:55
(Sharecast News) - Micro Focus International has repaid $175m (£132m) of debt arranged at the start of the Covid-19 crisis after the software company generated strong cash flow.
Read moreMicro Focus shares slump as it swings to interim loss
7th Jul 2020 08:20
(Sharecast News) - Shares of Micro Focus slumped on Tuesday after the software company said it swung to an interim loss as it recorded a goodwill impairment charge related to the Covid-19 outbreak and struck a cautious note on the outlook.
Read moreMicro Focus to repay $150m of debt after scrapping dividend
26th May 2020 09:25
(Sharecast News) - Micro Focus International said it would use $150m (£123m) of cash reserves to pay off debt after cancelling its final dividend for 2019.
Read moreMicro Focus reaches upper end of margin expectations in first half
19th May 2020 07:28
(Sharecast News) - Micro Focus said on Tuesday that it was expecting to report revenue of around $1.45bn (£1.19bn) for the first half, making for a decline of around 11% on a constant currency basis.
Read moreMicro Focus scraps dividend to help deal with potential Covid-19 impact
18th Mar 2020 07:35
(Sharecast News) - Micro Focus said on Wednesday that it had not yet seen any material impact from the coronavirus outbreak but that it was scrapping its final dividend to prepare for any potential fallout.
Read moreMonday broker round-up
24th Feb 2020 12:28
(Sharecast News) - Rentokil: Jefferies upgrades to buy with a target price of 620p.
Read moreCiti slashes Micro Focus target price
24th Feb 2020 07:47
(Sharecast News) - Citi slashed its price target on shares of software company Micro Focus to 680p from 1,000p on Monday, as it highlighted ongoing risks to execution.
Read moreDirector dealings: Centralnic director sells some shares
7th Feb 2020 14:48
(Sharecast News) - A director of internet domain name seller CentralNic sold shares as they approached their record highs for a second time.
Read moreMicro Focus FY profit declines, chairman heads for the exit
4th Feb 2020 09:23
(Sharecast News) - Micro Focus shares tumbled on Tuesday after it posted a decline in full-year profit and sales and announced the departure of its chairman following what it referred to as a "challenging" year.
Read moreLondon close: Stocks jump on positive macro data and WHO decision
24th Jan 2020 15:53
(Sharecast News) - London stocks raced higher on Friday, boosted by better-than-expected services and manufacturing data, and as fears over the spread of a new coronavirus in China receded.
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