Open TextOTEX
OTEX
About: Open Text Corp is engaged in the design, development, marketing, and sale of Information Management software and solutions. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). Its platform and services provide secure and scalable solutions for enterprises, SMBs, governments, and consumers around the world. The company's solutions are marketed and delivered on the OpenText Cloud Platform, which is a comprehensive Information Management platform consisting of six business clouds; Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. Geographically, it derives maximum revenue from the United States.
Employees: 12,900
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
90% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 30
63% more call options, than puts
Call options by funds: $17.1M | Put options by funds: $10.5M
15% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 84
11% more funds holding
Funds holding: 248 [Q2] → 275 (+27) [Q3]
9% more capital invested
Capital invested by funds: $5.44B [Q2] → $5.95B (+$512M) [Q3]
0.29% more ownership
Funds ownership: 65.98% [Q2] → 66.26% (+0.29%) [Q3]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
13%
upside
Avg. target
$33
17%
upside
High target
$35
24%
upside
5 analyst ratings
0 positive
0%
5 neutral
100%
0 negative
0%
UBS Seth Gilbert 0 / 0 met price target | 13%upside $32 | Neutral Initiated | 17 Dec 2024 |
Barclays Raimo Lenschow 56% 1-year accuracy 49 / 88 met price target | 20%upside $34 | Equal-Weight Maintained | 1 Nov 2024 |
BMO Capital Thanos Moschopoulos 83% 1-year accuracy 5 / 6 met price target | 13%upside $32 | Market Perform Maintained | 1 Nov 2024 |
RBC Capital Paul Treiber 79% 1-year accuracy 11 / 14 met price target | 17%upside $33 | Sector Perform Downgraded | 1 Nov 2024 |
Scotiabank Kevin Krishnaratne 75% 1-year accuracy 6 / 8 met price target | 24%upside $35 | Sector Perform Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 4 articles about OTEX published over the past 30 days
Neutral
Seeking Alpha
2 weeks ago
Open Text Corporation (OTEX) Barclays 22nd Annual Global Technology Conference (Transcript)
Open Text Corporation (NASDAQ:OTEX ) Barclays 22nd Annual Global Technology Conference December 12, 2024 4:20 PM ET Company Participants Greg Secord - Vice President, Investor Relations Madhu Ranganathan - President and CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next session. I know as a speaker we have like Madhu, and Madhu will join us in a minute, but Greg is -- because she's stuck on traffic.
Neutral
PRNewsWire
3 weeks ago
OpenText Partners with Secure Code Warrior to Deliver Comprehensive Application Security and Customized Developer Risk Management
The new agreement empowers development teams with continuous upskilling to turn security into a strategic advantage, reduce risks, and elevate customer trust WATERLOO, ON , Dec. 5, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX) today announced a strategic partnership with Secure Code Warrior to integrate its dynamic learning platform into the OpenText Fortify application security product suite. This partnership will help developers improve their secure coding skills through real-time training to reduce risks, quickly identify and resolve vulnerabilities, and ultimately build greater trust with customers.
Positive
Seeking Alpha
3 weeks ago
Open Text: Not Quite As Cheap As It Seems, But Still A Buy
Open Text appears to be exceptionally cheap based on its single-digit non-GAAP P/E ratio and strong growth prospects. I believe shares aren't quite as discounted as they might seem at first glance. That said, there is still value here at Open Text as long as you take several considerations into account.
Neutral
Zacks Investment Research
4 weeks ago
Is the Options Market Predicting a Spike in Open Text (OTEX) Stock?
Investors need to pay close attention to Open Text (OTEX) stock based on the movements in the options market lately.
Neutral
PRNewsWire
1 month ago
OpenText Appoints Fletcher Previn to Board of Directors
WATERLOO, ON , Nov. 26, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Fletcher Previn to its board of directors. Mr. Previn is Senior Vice President & Chief Information Officer of Cisco Systems, Inc., a worldwide technology leader that connects a broad range of technologies that help to power, secure, and draw insights from the Internet.
Neutral
PRNewsWire
1 month ago
OpenText Makes Multi-Cloud Work with Cloud Editions 24.4
Next-generation cloud, security, AI-integrated innovations unveiled at OpenText World 2024 WATERLOO, ON , Nov. 19, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today unveiled Cloud Editions (CE) 24.4 at OpenText World 2024, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work. This release delivers secure, AI-integrated solutions that strengthen data connectivity, streamlines workflows, and enhances human potential—addressing the needs of forward-thinking CIOs and business leaders navigating multi-cloud environments.
Neutral
PRNewsWire
1 month ago
OpenText Launches New Partner Enterprise Learning Subscription
New program helps Partners build skills and gives customers confidence in their Partner choice WATERLOO, ON , Nov. 18, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announced a new Partner Enterprise Learning Subscription today at OpenText World 2024. The Partner Enterprise Learning Subscription gives Partners the ability to build the skills they need at scale and helps customers verify their Partner has the relevant product-related skills, giving them confidence in their choice of Partner.
Neutral
PRNewsWire
1 month ago
OpenText Expands Partner Ecosystem access across Full OpenText Product Suite
WATERLOO, ON , Nov. 18, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that the OpenText Partner Network now has expanded access to sell OpenText's entire portfolio of solutions for information management, including Content Services, Experience Management, Security, IT Operations Management, and Developer tools along with accelerants, such as cloud, artificial intelligence, automation and analytics. "This is a major milestone for our Partner Network, following our acquisition of Micro Focus," said Sandy Ono, EVP and Chief Marketing Officer, OpenText.
Neutral
PRNewsWire
1 month ago
OpenText to Elevate Human Potential with Robust AI Masterclasses at OpenText World 2024
Google Cloud and SAP confirmed as Innovator-level sponsors, supporting the future of AI and digital transformation WATERLOO, ON , Nov. 15, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced its full slate of interactive workshops, learning pathways, and business solution focus areas for OpenText World 2024, the premier event for information management, set to take place at the Venetian Resort in Las Vegas from November 18-21, 2024. This year's conference will spotlight cutting-edge integrations and solutions that seamlessly combine AI, cloud, and security to deliver a holistic approach to business information management.
Neutral
PRNewsWire
1 month ago
OpenText World 2024 Unites Industry Leaders to Tackle AI and Information Management
Pioneering experts gather in Las Vegas to explore a future driven by AI knowledge workers, cloud, and next-generation security WATERLOO, ON , Nov. 15, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced its roster of keynote and guest speakers for OpenText World 2024, the leading information management conference, set to take place in-person and virtually at the Venetian Hotel Resort, Las Vegas, from November 18-21, 2024. This year's conference will bring together leading experts in business and technology to explore the transformative potential of AI and information management, focusing on how AI-driven knowledge workers will reimagine business operations for the next generation.
Charts implemented using Lightweight Charts™