MCRO.L - Micro Focus International plc

LSE - LSE Delayed Price. Currency in GBp
1,130.00
-40.80 (-3.48%)
As of 11:26AM BST. Market open.
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Previous Close1,170.80
Open1,167.20
Bid1,130.00 x 0
Ask1,130.60 x 0
Day's Range1,121.80 - 1,180.80
52 Week Range1,026.60 - 2,174.50
Volume484,878
Avg. Volume1,784,632
Market Cap3.792B
Beta (3Y Monthly)1.69
PE Ratio (TTM)2.72
EPS (TTM)415.40
Earnings DateJul 9, 2019
Forward Dividend & Yield1.01 (8.64%)
Ex-Dividend Date2019-09-05
1y Target Est19.13
  • PR Newswire

    Micro Focus Announces Vertica in Eon Mode for Pure Storage

    NYSE: MFGP) announced the general availability of Vertica in Eon Mode for Pure Storage. The industry's first and only analytical database solution that separates compute from storage for on-premise environments, Vertica in Eon Mode for Pure Storage drives better economics and greater choice for customers by expanding the ability to dynamically manage workloads and simplify operations beyond public clouds.

  • PR Newswire

    Micro Focus Celebrates COBOL's 60th Anniversary and its Enduring Value with COBOL60

    The Computer Language Designed for Business in 1959 Continues to Thrive and Support Critical Enterprise Systems Six Decades Later SANTA CLARA, Calif. , Sept. 10, 2019 /PRNewswire/ --  Micro Focus (LSE: ...

  • What You Must Know About Micro Focus International plc's (LON:MCRO) Beta Value
    Simply Wall St.

    What You Must Know About Micro Focus International plc's (LON:MCRO) Beta Value

    Anyone researching Micro Focus International plc (LON:MCRO) might want to consider the historical volatility of the...

  • Marks & Spencer May Be Demoted From FTSE 100 After 35 Years
    Bloomberg

    Marks & Spencer May Be Demoted From FTSE 100 After 35 Years

    (Bloomberg) -- Marks & Spencer Group Plc is set to be demoted from the U.K.’s benchmark FTSE 100 index, according to indicative results from equity index provider FTSE Russell.The high street retailer, along with Micro Focus International Plc and home and motor insurer Direct Line Insurance Group Plc will be relegated to the mid-cap FTSE 250 index, indicative results of a quarterly re-balancing by FTSE Russell show. Micro Focus shares fell 29% last week after the enterprise software firm cut its full-year revenue guidance.Gold miner Polymetal International Plc, generic drug-maker Hikma Pharmaceuticals Plc and aerospace and defense engineer Meggitt Plc earned promotion from the FTSE 250 to the FTSE 100, according to the indicative results.FTSE-eligible shares are ranked by market capitalization. Any stock that falls to 111th position or below is automatically deleted from the FTSE 100, while any that rise to 90th position or above join the index, according to FTSE Russell’s guidelines.M&S had a market cap of 3.7 billion pounds ($4.5 billion) based on Monday’s closing price, down from a peak of about 18 billion pounds in 1997. The stock has fallen about 20% this year as the company announced plans to finance a joint venture with Ocado Group Plc through a rights offering and a dividend cut. The company’s departure will be the first time the retailer has been absent since the benchmark gauge was formed in January 1984.“It’s symbolic of the changes in retail, as well as the challenges facing the company,” Liberum Capital Ltd. analyst Adam Tomlinson said by phone, adding that it could put further pressure on the shares given the number of funds whose holdings are tied to the index. “It’s unhelpful, but has been coming for a while.”The index changes will be confirmed on Sept. 4 and take effect from Sept. 23, a spokeswoman for London Stock Exchange Group Plc, FTSE Russell’s parent, said by email.To contact the reporter on this story: Joe Easton in London at jeaston7@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Jon MenonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Micro Focus International Stock Was Slammed Thursday
    Motley Fool

    Why Micro Focus International Stock Was Slammed Thursday

    Investors were spooked by the infrastructure software company's lowered guidance.

  • Software Company’s FTSE 100 Spot in Doubt After Guidance Cut
    Bloomberg

    Software Company’s FTSE 100 Spot in Doubt After Guidance Cut

    (Bloomberg) -- The timing of Micro Focus International Plc’s reduced revenue guidance couldn’t have been much worse.Thursday’s drop of as much as 34% in the stock caused the software provider to briefly fall below 110th place among the U.K.’s biggest listed companies, the point at which it would face expulsion from the FTSE 100 index. With a quarterly review of the U.K.’s benchmark gauge due to take place after markets close on Tuesday, Micro Focus’s place is on the line.“FTSE 100 exclusion looks a higher risk than before,” Ken Odeluga, an analyst at City Index, said by email. “It’s not a given that it will occur at the next review, but it’s certainly another growing worry for Micro Focus.”FTSE 100 membership is important not just in terms of prestige, but because it brings investment from funds that track the index. Also at risk in next week’s review is retailer Marks & Spencer Group Plc, the index’s least valuable member with a market capitalization of about 3.7 billion pounds ($4.5 billion).At Thursday’s session low, Micro Focus’s market value fell to just 3.5 billion pounds, reducing its ranking among fully listed U.K. companies to about 118th. According to FTSE rules, a security will be removed if it falls to 111th or below.While a partial rally in the stock took its valuation back to about 3.9 billion pounds -- a level that may just secure its spot in the index -- Micro Focus will need to avoid any renewed weakness in the coming days to ensure its FTSE 100 survival.According to JPMorgan Chase & Co. analyst Pankaj Gupta, removal from the index is a possibility for the stock and there are two or three potential replacements. “It still has until next Tuesday to recover,” he said by email.READ MORE: Micro Focus Turmoil Grows as Firm Cuts Guidance, Shares Slump\--With assistance from Jan-Patrick Barnert and Justina Lee.To contact the reporter on this story: Kit Rees in London at krees1@bloomberg.netTo contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Paul Jarvis, Jon MenonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Micro Focus Turmoil Grows as Firm Cuts Guidance, Shares Fall
    Bloomberg

    Micro Focus Turmoil Grows as Firm Cuts Guidance, Shares Fall

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Micro Focus International Plc cut its outlook for full-year revenue causing its shares to plummet, blaming uncertainty among its clients to sign new software deals.The U.K. tech company is cutting its full year constant currency revenue guidance to minus 6% to 8%, down from minus 4% to 6%, according to a statement Thursday. Shares in Micro Focus fell as much as 34% during trading in London, the most since March 2018.Micro Focus is also accelerating a strategic review of the group’s operations, and will consider a range of strategic, operational and financial alternatives.It was only in July that the company said it was maintaining its full year guidance, as it continued to battle integrating the $8.8 billion of software assets it bought from Hewlett Packard Enterprise Co. two years ago.Micro Focus has built a business model on acquiring legacy software assets and squeezing out costs. In 2017 it bought Hewlett Packard Enterprise’s software assets, such as application delivery management, big-data analytics and enterprise security, but has struggled to integrate the deal, causing the departure of its chief executive officer.Investors have continued to question the company’s ability to integrate HPE’s assets, with shares falling 11% over the past month. Elliott Management Corp., the New York hedge fund run by billionaire Paul Singer, built up a position in the company last year, but has since exited its holding, according to a person familiar with the matter. Elliott’s holding fell below 5% of Micro Focus in October 2018, according to regulatory filings. “Following the recent disappointing trading performance, we have determined that it is appropriate to accelerate the undertaking of a strategic review of the Group’s operations,” said Stephen Murdoch, chief executive officer of Micro Focus.The company declined to give more details on the strategic review. In July 2018 the company agreed to sell its infrastructure software business SUSE to private equity firm EQT Partners AB for $2.54 billion in cash.“There is worse to come as the company has launched a strategic review,” said George O’Connor, analyst at Stifel, in a research note.(Updated with share price, Elliott sale and analyst quote.)To contact the reporter on this story: Giles Turner in London at gturner35@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Nate Lanxon, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • British Tech Giant's $8.8 Billion Case of Indigestion
    Bloomberg

    British Tech Giant's $8.8 Billion Case of Indigestion

    (Bloomberg Opinion) -- Britain’s once biggest software company had eyes bigger than its tummy.Micro Focus International Plc acquired part of Hewlett Packard Enterprise Co.’s software assets in an $8.8 billion deal in 2017, trebling its headcount in the process. On Thursday, the British company cut its revenue forecast for the second time in as many years.Sales will fall as much as 8% this year, compared to the company’s earlier estimate of as much as 6%. The stock dropped 34%, dragging Micro Focus’s market capitalization down to 4 billion pounds ($4.9 billion), below its level before the takeover.There’s no obvious solution beyond, well, selling more product. Thursday’s announcement included plans for a strategic review of its operations. The statement made vague allusions to “execution improvements” and “strategic, operational and financial alternatives”.That wording seems to encompass the prospect of a private equity-backed buyout. Micro Focus is certainly cheap now: it trades at just six times forward earnings. But given Chairman Kevin Loosemore’s approach to generating shareholder returns, it’s unclear exactly how going private might improve the business.Since taking over as chairman in 2011, Loosemore has grown Ebitda more than eight-fold by acquiring legacy software companies, dramatically cutting costs and cross-selling products. This strategy appears to leave little room for a private equity buyer to take similar steps. A leveraged buyout of a shrinking business, whose costs have theoretically already been cut to the bone, would require some considerable strategic vision.The primary benefit of shelter from the capital markets might be to increase investment in research and development, potentially allowing the company to re-emerge in five years’ time with a compelling growth story. That would not only be a major gamble, but a significant strategic shift.With the existing strategy, improvement needs to come from the sales side, and that’s something that benefits from greater scale. On that basis, carving the company up and selling off its constituent pieces would seem counter-intuitive, since it would reduce said scale.In the 12 years before the HPE acquisition, Micro Focus boasted annual compound shareholder returns of almost 30%. In the two years since, the compound return has been a negative 14%. It’s hard to see the escape route from this trajectory.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Micro Focus shares tumble 30% after revenue warning
    Reuters

    Micro Focus shares tumble 30% after revenue warning

    British IT group Micro Focus International will miss its full-year revenue target and accelerate a review of its operations, it said on Thursday, sending its shares plunging in early trade. The company, which maintains and upgrades the legacy software systems that underpin big businesses such as banks and airlines, had reiterated its guidance as recently as last month, when it reported a 5.3% fall in first-half revenue.

  • PR Newswire

    Micro Focus Introduces Policy Compliance Assessor for Seamless Assessment and Migration from Active Directory to Microsoft Intune

    NYSE: MFGP) today announced the release of Micro Focus Policy Compliance Assessor, which allows IT administrators to automatically assess their organization's cloud readiness and seamlessly and securely migrate existing Active Directory Group Policy Objects (GPOs) to Microsoft Intune. The new solution is the only assessment and migration tool of its kind that helps organizations accelerate its transition to the cloud, not only creating operational efficiencies but also facilitating and supporting their journey through digital transformation from beginning to end.

  • Could Micro Focus International plc (LON:MCRO) Have The Makings Of Another Dividend Aristocrat?
    Simply Wall St.

    Could Micro Focus International plc (LON:MCRO) Have The Makings Of Another Dividend Aristocrat?

    Could Micro Focus International plc (LON:MCRO) be an attractive dividend share to own for the long haul? Investors are...

  • Moody's

    Micro Focus International plc -- Moody's announces completion of a periodic review of ratings of Micro Focus International plc

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Micro Focus International plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • PR Newswire

    Micro Focus Introduces New Robotic Process Automation Product, Ignites Enterprise Productivity

    Designed for the enterprise, the scalable and resilient solution is first to deliver UI and API-based RPA SANTA CLARA, Calif. , July 15, 2019 /PRNewswire/ -- Micro Focus (LSE: MCRO; NYSE: MFGP) today announced ...

  • Thomson Reuters StreetEvents

    Edited Transcript of MCRO.L earnings conference call or presentation 9-Jul-19 12:30pm GMT

    Interim 2019 Micro Focus International PLC Earnings Call

  • Why Micro Focus International, MSC Industrial Direct, and Amneal Pharmaceuticals Slumped Today
    Motley Fool

    Why Micro Focus International, MSC Industrial Direct, and Amneal Pharmaceuticals Slumped Today

    Company-specific bad news kept these stocks out of the rally.

  • Why Micro Focus Stock Fell Wednesday
    Motley Fool

    Why Micro Focus Stock Fell Wednesday

    Here's what you should know about the infrastructure software company's interim results.

  • Moody's

    Micro Focus International plc -- Moody's changes Micro Focus' outlook to positive from stable; affirms ratings

    Moody's Investors Service ("Moody's") affirmed Micro Focus International plc's B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR), as well as the B1 ratings on the senior secured bank facilities borrowed at subsidiaries MA FinanceCo., LLC and Seattle Spinco, Inc. Concurrently, Moody's changed the outlook to positive from stable. The rating action reflects the company's improved positioning at B1 following solid results during the six months ended 30 April 2019 as well as further progress with the integration of the former HPE Software business and legacy Micro Focus operations. Moody's-adjusted gross debt/EBITDA stood at 3.5x, pro forma for continuing operations (excluding the SUSE disposal), while also generating good free cash flow after capex, interest and dividends and notwithstanding USD161 million of integration-related exceptional cash outflows during the period.

  • Have Insiders Been Buying Micro Focus International plc (LON:MCRO) Shares This Year?
    Simply Wall St.

    Have Insiders Been Buying Micro Focus International plc (LON:MCRO) Shares This Year?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • PR Newswire

    Micro Focus Announces SMAX 2019.05, Latest Release of Industry's Only Modern Cloud-Native Intelligent Service Desk and Asset Management Solution

    NYSE: MFGP) today announced the general availability of Service Management Automation X (SMAX) 2019.05.  SMAX is the first application suite for Enterprise Service Management and IT Service Management built on machine learning and analytics, powered by an embedded CMDB and Discovery to help drive down costs and speed up time to resolution.

  • Is Micro Focus International plc's (LON:MCRO) Balance Sheet Strong Enough To Weather A Storm?
    Simply Wall St.

    Is Micro Focus International plc's (LON:MCRO) Balance Sheet Strong Enough To Weather A Storm?

    Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Micro Focus...

  • Brief Commentary On Micro Focus International plc's (LON:MCRO) Fundamentals
    Simply Wall St.

    Brief Commentary On Micro Focus International plc's (LON:MCRO) Fundamentals

    Micro Focus International plc (LON:MCRO) is a stock with outstanding fundamental characteristics. When we build an...

  • GuruFocus.com

    Harbor Island Capital LLC Buys HP Inc, Sells USG Corp, Micro Focus International PLC

    Investment company Harbor Island Capital LLC buys HP Inc, sells USG Corp, Micro Focus International PLC during the 3-months ended 2019Q1, according to the most recent filings of the investment company, ...