|Bid||5.91 x 3200|
|Ask||5.92 x 2200|
|Day's Range||5.83 - 6.00|
|52 Week Range||2.78 - 14.77|
|Beta (5Y Monthly)||2.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.17 (25.75%)|
|Ex-Dividend Date||Apr 13, 2020|
|1y Target Est||5.75|
Shares of Micro Focus International (NYSE: MFGP) popped on Thursday after Amazon (NASDAQ: AMZN) gave the company its full vote of confidence for helping businesses migrate to the cloud. As of 3 p.m. EST, Micro Focus stock was up 17%, but had traded as much as 25% higher earlier in the session. In an Amazon Web Services (AWS) blog post, Amazon notes that 70% of Fortune 500 companies still run their businesses on their own mainframes.
Micro Focus (LSE: MCRO; NYSE: MFGP) today announced the findings of its 'Endless Modernization' research with Standish Group. The research reveals modernization projects using an incremental and continuous improvement model achieve superior results when compared to other project-based approaches including the ripping and replacing of core business applications. The research utilizes data gathered from The Standish Group's CHAOS2020 Report and indicates that this infinite flow method to modernizing core business applications has a number of benefits in regards to return of value, customer satisfaction, sustainable innovation and longer application lifespans.
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.