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NASDAQ:OTEXOpen Text Stock Price, Forecast & News

$43.61
-0.24 (-0.55 %)
(As of 08/14/2020 04:00 PM ET)
Add
Compare
Today's Range
$43.49
Now: $43.61
$43.92
50-Day Range
$42.02
MA: $43.87
$46.25
52-Week Range
$29.11
Now: $43.61
$47.85
Volume382,985 shs
Average Volume585,176 shs
Market Capitalization$11.86 billion
P/E Ratio50.13
Dividend Yield1.60%
Beta0.71
Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. It also provides business network solutions comprising business-to-business integration services, such as secure mail, large file transfer, fax, and electronic data interchange within a single platform; analytics solutions; and forensic security and automated cyber risk management software service. In addition, the company provides customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it offers professional services, such as consulting and learning services relating for the implementation, training, and integration of its licensed product offerings into the customers' systems; and cloud services that allow its customers to make use of its OpenText software, services, and content over Internet enabled networks. The company serves organizations, mid-market companies, and government agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, Deloitte Consulting LLP, and others. Open Text Corporation was founded in 1991 and is headquartered in Waterloo, Canada.
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Open Text logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.71 out of 5 stars


Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
Current SymbolNASDAQ:OTEX
CUSIPN/A
Phone519-888-7111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.11 billion
Cash Flow$2.77 per share
Book Value$14.75 per share

Profitability

Net Income$234.23 million

Miscellaneous

Employees13,100
Market Cap$11.86 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$43.61
-0.24 (-0.55 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Open Text (NASDAQ:OTEX) Frequently Asked Questions

How has Open Text's stock been impacted by COVID-19?

Open Text's stock was trading at $37.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OTEX shares have increased by 15.8% and is now trading at $43.61.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Open Text?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Open Text
.

When is Open Text's next earnings date?

Open Text is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Open Text
.

How were Open Text's earnings last quarter?

Open Text Corp (NASDAQ:OTEX) released its earnings results on Thursday, August, 6th. The software maker reported $0.80 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.19. The software maker earned $826.60 million during the quarter, compared to analyst estimates of $809.36 million. Open Text had a return on equity of 10.54% and a net margin of 7.53%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share.
View Open Text's earnings history
.

How often does Open Text pay dividends? What is the dividend yield for Open Text?

Open Text announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.175 per share on Friday, September 25th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Open Text's previous quarterly dividend of $0.17.
View Open Text's dividend history
.

What price target have analysts set for OTEX?

11 Wall Street analysts have issued twelve-month price objectives for Open Text's stock. Their forecasts range from $45.00 to $58.00. On average, they expect Open Text's share price to reach $51.25 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
View analysts' price targets for Open Text
.

Has Open Text been receiving favorable news coverage?

Media stories about OTEX stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Open Text earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Open Text
.

Are investors shorting Open Text?

Open Text saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,600,000 shares, a decrease of 8.8% from the July 15th total of 6,140,000 shares. Based on an average trading volume of 546,900 shares, the days-to-cover ratio is presently 10.2 days. Currently, 2.1% of the company's shares are sold short.
View Open Text's Short Interest
.

Who are some of Open Text's key competitors?

What other stocks do shareholders of Open Text own?

Who are Open Text's key executives?

Open Text's management team includes the following people:
  • Mr. Mark J. Barrenechea, Vice Chairman, CEO & CTO (Age 54)
  • Ms. Madhu Ranganathan CPA, M.B.A., Exec. VP & CFO (Age 54)
  • Mr. Gordon Allan Davies, Exec. VP, Chief Legal & Corp. Devel. Officer, Chief Compliance Officer & Sec. (Age 57)
  • Mr. Simon David Harrison, Exec. VP of Worldwide Sales (Age 49)
  • Mr. Muhi S. Majzoub, Exec. VP of Engineering (Age 59)

What is Open Text's stock symbol?

Open Text trades on the NASDAQ under the ticker symbol "OTEX."

Who are Open Text's major shareholders?

Open Text's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jarislowsky Fraser Ltd (6.26%), Vanguard Group Inc. (2.87%), FMR LLC (2.12%), Bank of Montreal Can (1.82%), TD Asset Management Inc. (1.14%) and Guardian Capital LP (0.89%).

Which major investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including Blue Harbour Group L.P., QV Investors Inc., Toronto Dominion Bank, Guardian Capital LP, Goldman Sachs Group Inc., Cidel Asset Management Inc., FIL Ltd, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

Which major investors are buying Open Text stock?

OTEX stock was bought by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., FMR LLC, Todd Asset Management LLC, Jarislowsky Fraser Ltd, TD Asset Management Inc., First Trust Advisors LP, Skandinaviska Enskilda Banken AB publ , and Bank of Montreal Can.

How do I buy shares of Open Text?

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

What is Open Text's stock price today?

One share of OTEX stock can currently be purchased for approximately $43.61.

How big of a company is Open Text?

Open Text has a market capitalization of $11.86 billion and generates $3.11 billion in revenue each year. Open Text employs 13,100 workers across the globe.

What is Open Text's official website?

The official website for Open Text is www.opentext.com.

How can I contact Open Text?

Open Text's mailing address is 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1. The software maker can be reached via phone at 519-888-7111 or via email at [email protected]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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