Author Topic: MFGP- Micro Focus to double  (Read 1615 times)

LowIQinvestor

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MFGP- Micro Focus to double
« on: December 27, 2018, 06:51:45 AM »


Foreign Tuffett

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Re: MFGP- Micro Focus to double
« Reply #1 on: August 29, 2019, 09:11:26 AM »
Full year revenue guidance range for FY 2019 (ends 10/31/19) was reconfirmed with 1H FY 2019 earnings on 7/9. Chairman sells ~half his shares immediately afterwards at an average price of ~1,777.

Today they lower full revenue guidance range by 2%. Stock is now at ~1,051. Seems legit.


HP acquired Autonomy at a big premium in 2011, only to take a big accounting charge on the asset only ~1 year later amid accusations that Autonomy had engaged in fraud and misrepresentations. Roughly two years ago Micro Focus acquired what was left of Autonomy when it merged with HP's software business. Since then Micro Focus has been a major disappointment. My conclusion: By the standards of B2B software, Autonomy was and is a garbage asset.