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NASDAQ:OTEX

Open Text (OTEX) Stock Price, News & Analysis

$31.38
-0.42 (-1.32%)
(As of 09/6/2024 ET)
Today's Range
$31.01
$32.21
50-Day Range
$28.49
$32.67
52-Week Range
$27.50
$45.47
Volume
692,856 shs
Average Volume
671,872 shs
Market Capitalization
$8.47 billion
P/E Ratio
50.61
Dividend Yield
3.35%
Price Target
$38.60

Open Text MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
23.0% Upside
$38.60 Price Target
Short Interest
Bearish
1.80% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
1.10mentions of Open Text in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.30%
From $3.18 to $3.73 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.77 out of 5 stars

Computer And Technology Sector

56th out of 594 stocks

Computer Integrated Systems Design Industry

1st out of 34 stocks

OTEX stock logo

About Open Text Stock (NASDAQ:OTEX)

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation. It also provides cybersecurity cloud solutions to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, AI-led threat intelligence; and to protect critical information and processes through threat intelligence, forensics, identity, encryption, and cloud-based application security. In addition, the company offers business network cloud for digital supply chains and secure e-commerce ecosystems including digitize and automate procure-to-pay and order-to-cash processes; IT operations management cloud for automation and advancement of IT support and asset management; and analytics & AI cloud solutions that offers artificial intelligence with practical usage to provide organizations with actionable insights and better automation, such as visualizations, advanced natural language processing and understanding, and integrated computer vision capabilities. In addition, it provides application automation cloud, developers cloud, and services. Further, it has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.

OTEX Stock Price History

OTEX Stock News Headlines

What is Nvidia’s New $1 Trillion SuperProject?
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
What is Nvidia’s New $1 Trillion SuperProject?
Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …
OTEX Aug 2024 55.000 call (OTEX240816C00055000)
See More Headlines
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Company Calendar

Ex-Dividend for 6/18 Dividend
5/31/2024
Dividend Payable
6/18/2024
Last Earnings
8/01/2024
Ex-Dividend for 9/20 Dividend
8/30/2024
Today
9/07/2024
Dividend Payable
9/20/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
Computer Software
Current Symbol
NASDAQ:OTEX
Employees
22,900
Year Founded
1991

Price Target and Rating

Average Stock Price Target
$38.60
High Stock Price Target
$53.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+23.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$465.09 million
Pretax Margin
12.64%

Debt

Sales & Book Value

Annual Sales
$5.77 billion
Cash Flow
$6.85 per share
Book Value
$15.68 per share

Miscellaneous

Free Float
241,345,000
Market Cap
$8.47 billion
Optionable
Optionable
Beta
1.11

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Key Executives

  • Mr. Mark J. Barrenechea (Age 59)
    Vice Chairman, CEO & CTO
    Comp: $3.47M
  • Mr. Paul Michael Duggan (Age 48)
    President & Chief Customer Officer
    Comp: $1.86M
  • Ms. Madhu Ranganathan CPA (Age 59)
    M.B.A., President, CFO & Corporate Development
    Comp: $1.8M
  • Mr. Muhi S. Majzoub (Age 64)
    Executive VP & Chief Product Officer
    Comp: $1.58M
  • Mr. Cosmin Balota (Age 50)
    Senior VP & Chief Accounting Officer
  • Mr. Harry Edward Blount
    Senior VP & Global Head of Investor Relations
  • Mr. Michael F. Acedo (Age 43)
    Executive VP, Chief Legal Officer & Corporate Secretary
  • Jen Bell
    Vice President & Chief Communications Officer
  • Ms. Sandy Ono (Age 42)
    Executive VP & Chief Marketing Officer
  • Mr. Todd M. Cione (Age 54)
    President of OpenText Worldwide Sales

OTEX Stock Analysis - Frequently Asked Questions

How have OTEX shares performed this year?

Open Text's stock was trading at $42.02 on January 1st, 2024. Since then, OTEX stock has decreased by 25.3% and is now trading at $31.38.
View the best growth stocks for 2024 here
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) issued its quarterly earnings data on Thursday, August, 1st. The software maker reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. Open Text's revenue was down 8.6% on a year-over-year basis.

When did Open Text's stock split?

Open Text's stock reverse split on Saturday, January 1st 2000. The 0.75-1.5 reverse split was announced on Saturday, January 1st 2000. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, January 25th 2017. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

What is Mark J. Barrenechea's approval rating as Open Text's CEO?

1,052 employees have rated Open Text Chief Executive Officer Mark J. Barrenechea on Glassdoor.com. Mark J. Barrenechea has an approval rating of 65% among the company's employees.

Does Open Text have any subsidiaries?

Open Text subsidiaries include these companies: XMedius, Carbonite, Catalyst Repository Systems, Liaison Technologies, Hightail, OpenText Security, Covisint, and others.

Who are Open Text's major shareholders?

Top institutional shareholders of Open Text include JARISLOWSKY FRASER Ltd (5.86%), Mackenzie Financial Corp (2.51%), The Manufacturers Life Insurance Company (2.07%) and Cooke & Bieler LP (2.07%).

How do I buy shares of Open Text?

Shares of OTEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Open Text own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Open Text investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET) and Wheaton Precious Metals (WPM).

This page (NASDAQ:OTEX) was last updated on 9/7/2024 by MarketBeat.com Staff

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