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T   16.96 (+0.77%)
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GE   155.62 (+1.06%)
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TSE:OTEX

Open Text (OTEX) Stock Price, News & Analysis

C$52.47
-0.50 (-0.94%)
(As of 02/28/2024 ET)
Today's Range
C$52.22
C$52.83
50-Day Range
C$51.36
C$59.22
52-Week Range
C$44.34
C$60.00
Volume
373,295 shs
Average Volume
533,791 shs
Market Capitalization
C$14.04 billion
P/E Ratio
80.72
Dividend Yield
2.55%
Price Target
C$51.50

Open Text MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.8% Downside
C$51.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of Open Text in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$6.59 M Sold Last Quarter
Proj. Earnings Growth
N/A

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.

0.97 out of 5 stars


OTEX stock logo

About Open Text Stock (TSE: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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Canadian Market Ends Weak For 2nd Straight Day
OpenText Zeroes-In as Recognized Leader in Sustainability
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Decoding Open Text Corp (OTEX): A Strategic SWOT Insight
Recap: Open Text Q2 Earnings
Open Text Corporation (OTEX)
RBC Capital Remains a Buy on Open Text (OTEX)
OpenText Appoints Goldy Hyder to Board of Directors
What 4 Analyst Ratings Have To Say About Open Text
UBER, TTD, OTEX: 3 “Strong Buy” Tech Stocks Set for More Gains
Bullish Open Text Insiders Loaded Up On US$12.6m Of Stock
See More Headlines
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Company Calendar

Today
2/28/2024
Next Earnings (Estimated)
5/02/2024

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
23,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$51.50
High Stock Price Target
C$53.00
Low Stock Price Target
C$50.00
Potential Upside/Downside
-1.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$127.40 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.70 billion
Cash Flow
C$8.83 per share
Book Value
C$15.06 per share

Miscellaneous

Free Float
N/A
Market Cap
C$14.04 billion
Optionable
Not Optionable
Beta
1.15
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Key Executives

  • Mr. Mark J. Barrenechea (Age 59)
    Vice Chairman, CEO & CTO
    Comp: $4.7M
  • Ms. Madhu Ranganathan CPA (Age 59)
    M.B.A., Executive VP & CFO
    Comp: $2.44M
  • Mr. Muhi S. Majzoub (Age 64)
    Executive VP & Chief Product Officer
    Comp: $2.13M
  • Mr. Simon David Harrison (Age 54)
    Executive Vice President of Enterprise Sales
    Comp: $2.17M
  • Mr. Paul Michael Duggan (Age 49)
    Executive VP & Chief Customer Officer
    Comp: $2.52M
  • 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
  • Mr. Douglas M. Parker (Age 53)
    Executive Vice President of Corporate Development














OTEX Stock Analysis - Frequently Asked Questions

Should I buy or sell Open Text stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OTEX shares.
View OTEX analyst ratings
or view top-rated stocks.

What is Open Text's stock price target for 2024?

1 equities research analysts have issued twelve-month price targets for Open Text's stock. Their OTEX share price targets range from C$50.00 to C$53.00. On average, they expect the company's share price to reach C$51.50 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for OTEX
or view top-rated stocks among Wall Street analysts.

How have OTEX shares performed in 2024?

Open Text's stock was trading at C$55.69 at the beginning of the year. Since then, OTEX shares have decreased by 5.8% and is now trading at C$52.47.
View the best growth stocks for 2024 here
.

When is Open Text's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our OTEX earnings forecast
.

Is Open Text a good dividend stock?

Open Text (TSE:OTEX) pays an annual dividend of C$1.34 per share and currently has a dividend yield of 2.57%. The dividend payout ratio is 206.15%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for OTEX.

What other stocks do shareholders of Open Text own?
How do I buy shares of Open Text?

Shares of OTEX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:OTEX) was last updated on 2/28/2024 by MarketBeat.com Staff