BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Micro Focus International plc (“Micro Focus” or the “Company”) (NYSE: MFGP) investors concerning the Company and its officers’ possible violations of federal securities laws.
On March 19, 2018, Micro Focus announced the resignation of its Chief Executive Officer and advised investors that the Company is, “issuing revised constant currency revenue guidance for the twelve months ending 31 October 2018 of minus 6% to minus 9% compared to the proforma 12 months ending 31 October 2017. This updates revenue guidance of minus 2% to minus 4% provided at the interim results on 8 January 2018.” On this news, shares of Micro Focus fell over 46%, during intraday trading on March 19, 2018, thereby injuring investors.
If you purchased Micro Focus securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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