Micro Focus stock will grow 4.7% year over year as focus stock prices rise, a forecast from the National Association of Stock Market Advisors (NASMA) said on Monday.
Micro Focus stock rose 2.4% in 2018, the best performance for the stock since it surged 13.9% in March of last year.
This week’s results are forecast to be more in line with the NASMA forecast, which is an optimistic reading for the share market, according to data from FactSet.
MicroFocus shares were trading up 6.6% on Monday at $19.82.
The stock has gained 17.6%, which is the best gain since August 2018.