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NASDAQ:OTEX

Open Text (OTEX) Stock Price, News & Analysis

$32.03
-0.12 (-0.37%)
(As of 02:53 PM ET)
Today's Range
$31.74
$32.28
50-Day Range
$28.49
$32.67
52-Week Range
$27.50
$45.47
Volume
221,861 shs
Average Volume
665,802 shs
Market Capitalization
$8.64 billion
P/E Ratio
51.66
Dividend Yield
3.28%
Price Target
$38.60

Open Text MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
20.8% Upside
$38.60 Price Target
Short Interest
Bearish
2.49% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
0.46mentions of Open Text in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.31%
From $3.23 to $3.66 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.

4.59 out of 5 stars

Computer And Technology Sector

85th out of 602 stocks

Computer Integrated Systems Design Industry

2nd out of 31 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

Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
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
9/16/2024
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
+20.1%
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
$6.91 per share
Book Value
$15.68 per share

Miscellaneous

Free Float
241,345,000
Market Cap
$8.68 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 at the beginning of 2024. Since then, OTEX shares have decreased by 23.9% and is now trading at $31.96.
View the best growth stocks for 2024 here
.

How were Open Text's earnings last quarter?

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

When did Open Text's stock split?

Open Text's stock reverse split before market open 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 closing bell 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.

Does Open Text have any subsidiaries?

The following companies are subsidiaries of Open Text: XMedius, Carbonite, Catalyst Repository Systems, Liaison Technologies, Hightail, OpenText Security, Covisint, and others.

Who are Open Text's major shareholders?

Open Text's top institutional shareholders 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 9/16/2024 by MarketBeat.com Staff

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