Micro Focus International plc operates in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. It offers infrastructure software products that are managed on a portfolio. The company's product portfolio includes sector-agnostic products, such as application modernization and connectivity solutions that help customers to unlock the value from core business applications for modernization, which enable a transformational journey to deliver ongoing value and flexibility from IT investments, on or off the mainframe; application delivery management solutions that helps customers to increase velocity, remove bottlenecks, and deliver high-performing applications to support their digital business; and IT operations management solutions for service assurance, automate the service fulfilment life cycle, and strengthen IT service governance. It also offers CyberRes, a security solution that helps enterprises to create cyber resilience through detecting threats, securing data and applications, and protecting identities, which enables customers to adapt and evolve for the future; and information management and governance solutions that helps customers to analyze, understand, and control data to derive value and manage enterprise risk. The company was founded in 1976 and is headquartered in Newbury, the United Kingdom.
Micro Focus International Stock Up 2.8 %
Shares of MFGP opened at $3.67 on Friday. Micro Focus International has a twelve month low of $3.03 and a twelve month high of $6.58. The company has a 50 day moving average of $3.67 and a 200-day moving average of $4.61.
Micro Focus International Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 22nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a dividend yield of 6.8%.
Analyst Ratings Changes
Separately, The Goldman Sachs Group lowered shares of Micro Focus International from a "buy" rating to a "sell" rating in a research note on Wednesday, July 20th.