MICRO FOCUS INTL SPON ADR REPR 1 (MCFUY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of MICRO FOCUS INTL SPON ADR REPR 1 (NASDAQ:MCFUY) from a hold rating to a buy rating in a research report released on Friday, July 21st. Zacks Investment Research currently has $37.00 price objective on the stock.

According to Zacks, “Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications. The Company’s portfolio includes identity access and security solutions, common business-oriented language (COBOL) development and mainframe solutions, development and IT operations management tools, host connectivity solutions, and collaboration and networking solutions. The Company’s products include Access Manager, Access Review, AccuRev, AccuSync, Acu4GL, AcuBench, ACUCOBOL-GT, AcuConnect, AcuServer, AcuSQL, AcuXDBC, Aegis, AppManager, Artix, Atlas, Business Continuity Clustering, Caliber, Client for Windows, Cloud Manager and CloudAccess. The Company caters to various industries, such as Federal, airlines and healthcare. “

MICRO FOCUS INTL SPON ADR REPR 1 (NASDAQ:MCFUY) remained flat at $30.50 during mid-day trading on Friday. MICRO FOCUS INTL SPON ADR REPR 1 has a 12-month low of $26.32 and a 12-month high of $32.75. The company has a market capitalization of $7.01 billion and a P/E ratio of 45.86.

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