Mergers and acquisitions help boost Micro Focus earnings
14th Dec 2016 07:13
(ShareCast News) - Software product group Micro Focus International announced its unaudited interim results for the six months to 31 October on Wednesday, with revenues of $684.7m, 14.2% higher than the prior year's constant currency figures. The FTSE 100 firm said underlying adjusted EBITDA was $32
Read moreMicro Focus spikes on news of HPE Software's wider margins
23rd Nov 2016 07:08
(ShareCast News) - Ahead of the £6.6bn deal that will make it the UK's biggest software company, Micro Focus reported merger partner HPE Software's revenues were on the wane but margins were improving. Because the merger, which is expected to close in the third quarter of next year, is classed as a
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreMicro Focus reiterates flat-or-lower revenue guidance
22nd Sep 2016 07:05
(ShareCast News) - Micro Focus confirmed full year revenue is still likely to be no better than flat compared to last year's. In an announcement ahead of its annual shareholder meeting, the FTSE 100 company said revenue could fall as much as 2% on a constant currency basis after trading in the fin
Read moreFriday newspaper share tips: Micro Focus
9th Sep 2016 11:28
(ShareCast News) - Micro Focus will need to act quickly to convince investors that its purchase of Hewlett Packard Enterprises's software division was not ill-judged, the Financial Times's Lex column said. The company is well-versed in the trick of picking up windfallen apples and wiping off the mud
Read moreMicro Focus agrees $8.8bn merger with Hewlett Packard software arm
8th Sep 2016 07:37
(ShareCast News) - Micro Focus International has agreed an $8.8bn deal to merge with US giant Hewlett Packard Enterprise's software business, including a $400m return of value to the FTSE 100 company's shareholders. The UK company will issue American Depository Shares (ADSs) to shareholders in Hewle
Read moreBroker tips: Smiths Group, AB Foods, Micro Focus
30th Aug 2016 13:10
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read moreCanaccord cuts Micro Focus International's rating to 'hold'
30th Aug 2016 08:53
(ShareCast News) - Canaccord Genuity has cut Micro Focus International's rating to 'hold' from 'buy' but lifted its target price to 2,000p from 1,700p. "We are updating our price target and forecasts to reflect the better-than-expected recent full year results and the impact of dollar strength," Can
Read moreTuesday broker round-up
19th Jul 2016 12:59
(ShareCast News) - Micro Focus: Barclays reiterates overweight with a target price of 2150p. Aggreko: HSBC maintains reduce with a 900p target. ARM: Citigroup reiterates neutral with a 1700p target. IAG: HSBC reiterates reduce with a 300p target. Pearson: Goldman Sachs reiterates sell with a targ
Read moreMonday broker round-up
18th Jul 2016 13:20
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read moreMicro Focus results above expectations after acquisitions
14th Jul 2016 08:14
(ShareCast News) - Software company Micro Focus announced its audited preliminary results on Thursday, which were at the high end of management expectations for the year to 30 April, with reported operating profit doubling year-on-year and the final dividend increasing by 50.7%. The FTSE 250 firm di
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreMicro Focus expects revenue at top end of guidance
24th May 2016 07:47
(ShareCast News) - Micro Focus International said on Tuesday that it has made a strong finish to the financial year and expects revenues and underlying earnings before interest, tax, depreciation and amortisation to be at the top end of management views. In a pre-close statement for the year ended 3
Read moreSmall caps news round-up
3rd May 2016 15:21
(ShareCast News) - Blur Group has signed a two-year contract with an unnamed FTSE 250 multi-channel retail group, extending an existing relationship. The AIM-listed enterprise services platform and marketplace said the new contract will focus on the procurement of system and infrastructure monitorin
Read moreMicro Focus completes Serena Software purchase
3rd May 2016 08:27
(ShareCast News) - International software group Micro Focus said it has completed its acquisition of Serena Software for an enterprise value of $540m. The transaction has been financed through a combination of existing cash resources, including the £158.2m raised through an institutional placing of
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