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NASDAQ:OTEX

Open Text (OTEX) Stock Price, News & Analysis

$31.50
+0.35 (+1.12%)
(As of 07/26/2024 ET)
Today's Range
$31.16
$31.53
50-Day Range
$27.70
$31.71
52-Week Range
$27.54
$45.47
Volume
293,064 shs
Average Volume
667,479 shs
Market Capitalization
$8.44 billion
P/E Ratio
50.81
Dividend Yield
3.17%
Price Target
$41.20

Open Text MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
30.8% Upside
$41.20 Price Target
Short Interest
Bearish
1.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
0.68mentions of Open Text in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.09%
From $3.79 to $3.18 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.

4.73 out of 5 stars

Computer And Technology Sector

65th out of 612 stocks

Computer Integrated Systems Design Industry

1st out of 36 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

OTEX Aug 2024 55.000 call (OTEX240816C00055000)
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Forget Adobe: This Stock Is the Next Millionaire Maker
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 6/18 Dividend
5/31/2024
Dividend Payable
6/18/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:OTEX
Employees
24,100
Year Founded
1991

Price Target and Rating

Average Stock Price Target
$41.20
High Stock Price Target
$53.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+30.8%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$150.38 million
Pretax Margin
3.25%

Debt

Sales & Book Value

Annual Sales
$4.48 billion
Cash Flow
$5.53 per share
Book Value
$14.83 per share

Miscellaneous

Free Float
241,345,000
Market Cap
$8.44 billion
Optionable
Optionable
Beta
1.12

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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 start of the year. Since then, OTEX shares have decreased by 25.0% and is now trading at $31.50.
View the best growth stocks for 2024 here
.

How were Open Text's earnings last quarter?

Open Text Co. (NASDAQ:OTEX) issued its earnings results on Thursday, May, 2nd. The software maker reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. The software maker earned $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. Open Text had a trailing twelve-month return on equity of 24.45% and a net margin of 2.85%.

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 more.

Who are Open Text's major shareholders?

Open Text's top institutional shareholders include Value Partners Investments Inc. (0.85%), Cidel Asset Management Inc. (0.41%), Easterly Investment Partners LLC (0.18%) and Addenda Capital Inc. (0.17%).

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 7/27/2024 by MarketBeat.com Staff

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