STOCKS NEWS UK-Micro Focus jumps on strong update

Wed Nov 11, 2009 8:50am GMT
 
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08:47GMT 11Nov2009-Micro Focus jumps on strong update

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Shares in Micro Focus (MCRO.L) jump 18.1 percent to a three-month high, topping the mid-cap leaderboard, after it says a strong performance from its recent acquisitions, Borland and Compuware's testing unit, will help first-half earnings beat expectations.

Broker Singer says the contribution of Borland and Compuware numbers alone could drive a 15 percent upgrade to estimates.  Continued...

 

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