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NASDAQ:OTEXOpen Text Stock Price, Forecast & News

$40.71
+0.12 (+0.30 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$39.83
Now: $40.71
$41.04
50-Day Range
$35.82
MA: $38.15
$40.59
52-Week Range
$29.11
Now: $40.71
$47.85
Volume416,100 shs
Average Volume539,547 shs
Market Capitalization$11.06 billion
P/E Ratio39.14
Dividend Yield1.72%
Beta0.7
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.36 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$2.83 per share
Book Value$14.72 per share

Profitability

Net Income$285.50 million

Miscellaneous

Employees13,100
Market Cap$11.06 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Open Text (NASDAQ:OTEX) Frequently Asked Questions

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

Open Text's stock was trading at $37.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OTEX stock has increased by 8.1% and is now trading at $40.71. View which stocks have been most impacted by Coronavirus.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last year. There are currently 2 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, August 6th 2020. View our earnings forecast for Open Text.

How were Open Text's earnings last quarter?

Open Text Corp (NASDAQ:OTEX) released its quarterly earnings results on Thursday, April, 30th. The software maker reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.02. The software maker had revenue of $814.70 million for the quarter, compared to analyst estimates of $796.47 million. Open Text had a net margin of 9.24% and a return on equity of 7.09%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. View Open Text's earnings history.

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

Open Text declared a quarterly dividend on Monday, May 4th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.1746 per share on Friday, June 19th. This represents a $0.70 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 28th. View Open Text's dividend history.

What price target have analysts set for OTEX?

9 brokers have issued 1 year target prices for Open Text's shares. Their forecasts range from $45.00 to $61.00. On average, they expect Open Text's share price to reach $49.78 in the next year. This suggests a possible upside of 22.3% 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 trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Open Text earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutOpen Text.

Are investors shorting Open Text?

Open Text saw a decrease in short interest in May. As of May 15th, there was short interest totaling 5,880,000 shares, a decrease of 5.3% from the April 30th total of 6,210,000 shares. Based on an average trading volume of 686,800 shares, the short-interest ratio is presently 8.6 days. Approximately 2.2% of the shares of the stock are sold short. View Open Text's Current Options Chain.

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 number of institutional and retail investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (5.35%), Mackenzie Financial Corp (3.24%), The Manufacturers Life Insurance Company (2.96%), Invesco Ltd. (1.90%), Disciplined Growth Investors Inc. MN (1.76%) and Praesidium Investment Management Company LLC (1.52%).

Which institutional investors are selling Open Text stock?

OTEX stock was sold by a variety of institutional investors in the last quarter, including New South Capital Management Inc., Two Sigma Advisers LP, Bessemer Group Inc., Caisse DE Depot ET Placement DU Quebec, Toronto Dominion Bank, QV Investors Inc., APG Asset Management N.V., and Morgan Stanley.

Which institutional investors are buying Open Text stock?

OTEX stock was bought by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Mackenzie Financial Corp, Connor Clark & Lunn Investment Management Ltd., AGF Investments Inc., Praesidium Investment Management Company LLC, 1832 Asset Management L.P., Franklin Resources Inc., and Sunriver Management LLC.

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 $40.71.

How big of a company is Open Text?

Open Text has a market capitalization of $11.06 billion and generates $2.87 billion in revenue each year. The software maker earns $285.50 million in net income (profit) each year or $1.06 on an earnings per share basis. 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 5/28/2020 by MarketBeat.com Staff

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