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MFGP - Why Micro Focus International Stock Was Slammed Thursday
Micro Focus Intl PLC ADS each representing One Ord Sh
Shares of infrastructure software company Micro Focus International(NYSE: MFGP) were slammed on Thursday, declining about 32% as of 11:50 a.m. EDT.
The tech stock's decline comes after the company updated its guidance for fiscal year 2019, which ends on Oct. 31. Micro Focus lowered its outlook for revenue during the period.