Micro Focus International (MCRO.L) has fallen dramatically from recent highs of 2160.0p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 845.4p (at time of writing). A return to previous highs would represent a rise of 155%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
• Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -60% from 12-month highs; +0% from 12 month lows.

Latest News

07:41:  Micro Focus International, the software group, posted lower profits for the year, falling short of expectations, with revenues declining to the lower end of previous guidance.

24 Jan:  Goldman Sachs reiterates its neutral rating on Micro Focus International (MCRO) and increased the target price to 1200p (from 1000p).

20 Nov:  Micro Focus International announced that it anticipated reporting revenues and earnings in line with guidance released in August

05 Nov:  Goldman Sachs has upgraded its rating on Micro Focus International (MCRO) to neutral (from sell) and reduced the target price to 1000p (from 1400p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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