Open Text
OTEX
Market cap $7.51B

28.25 USD

-0.58

2.01%

At close Nov 18, 4:00 PM EST

After hours

28.20

-0.05

0.18%

1 day

-2.01%

5 days

-4.24%

1 month

-16.99%

3 months

-12.94%

6 months

-9.25%

Year to date

-30.50%

1 year

-27.42%

5 years

-35.07%

10 years

-5.61%

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

Information Technology Computer Integrated Systems Design

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

81% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 31

63% more call options, than puts

Call options by funds: $17.1M | Put options by funds: $10.5M

18% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 82

10% more funds holding

Funds holding: 246 [Q2] → 271 (+25) [Q3]

9% more capital invested

Capital invested by funds: $5.4B [Q2] → $5.91B (+$508M) [Q3]

0.28% more ownership

Funds ownership: 65.55% [Q2] → 65.83% (+0.28%) [Q3]

13% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$32

13%

upside

Avg. target

$34

19%

upside

High target

$35

24%

upside

5 analyst ratings

0 positive

0%

5 neutral

100%

0 negative

0%

Barclays Raimo Lenschow 59% 1-year accuracy 48 / 81 met price target	20%upside $34	Equal-Weight Maintained	1 Nov 2024
BMO Capital Thanos Moschopoulos 88% 1-year accuracy 7 / 8 met price target	13%upside $32	Market Perform Maintained	1 Nov 2024
RBC Capital Paul Treiber 87% 1-year accuracy 13 / 15 met price target	17%upside $33	Sector Perform Downgraded	1 Nov 2024
Scotiabank Kevin Krishnaratne 75% 1-year accuracy 3 / 4 met price target	24%upside $35	Sector Perform Maintained	1 Nov 2024
Citigroup Steven Enders 100% 1-year accuracy 20 / 20 met price target	20%upside $34	Neutral Maintained	25 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about OTEX published over the past 30 days

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.

OpenText Launches New Partner Enterprise Learning Subscription

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.

OpenText Expands Partner Ecosystem access across Full OpenText Product Suite

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.

OpenText to Elevate Human Potential with Robust AI Masterclasses at OpenText World 2024

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.

OpenText World 2024 Unites Industry Leaders to Tackle AI and Information Management

Open Text Corporation (OTEX) Q1 2025 Earnings Call Transcript

Open Text Corporation (NASDAQ:OTEX ) Q1 2025 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Greg Secord - Vice President, Investor Relations Mark Barrenechea - Chief Executive Officer and CTO Madhu Ranganathan - President and CFO Conference Call Participants Steven Enders - Citi Billy Fitzsimmons - Jefferies Raimo Lenschow - Barclays Erin Kyle - CIBC Mike Stevens - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Kiran Sritharan - Eight Capital Operator Thank you for standing by. This is the conference operator.

Open Text Corporation (OTEX) Q1 2025 Earnings Call Transcript

Zacks Investment Research

Open Text (OTEX) Surpasses Q1 Earnings Estimates

Open Text (OTEX) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.01 per share a year ago.

Open Text (OTEX) Surpasses Q1 Earnings Estimates

OpenText Cybersecurity Unveils 2024's Nastiest Malware: Ransomware Threats Escalate Against Critical Infrastructure

As cyberattacks grow more insidious, organizations are ramping up cybersecurity investments to defend essential services WATERLOO, ON , Oct. 31, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX), has revealed its highly anticipated "Nastiest Malware of 2024" list, spotlighting the year's most notorious cyber threats. Now in its seventh year, OpenText's cybersecurity experts have identified the most relentless and adaptive malware trends impacting industries worldwide.

OpenText Cybersecurity Unveils 2024's Nastiest Malware: Ransomware Threats Escalate Against Critical Infrastructure

OpenText Reports First Quarter Fiscal Year 2025 Financial Results

Total Revenues of $1.27B, 15 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 7%, Robust Adjusted EBITDA Margin of 35.0% GAAP EPS of $0.32, Non-GAAP EPS of $0.93 Purchased and Canceled 7.72M Shares Over the Last Two Quarters Fiscal 2025 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) $1,269 $1,053 $457 (11.0) % (8.4) % +1.3 % Annual Recurring Revenues represent 83% of Total Revenues "In our first full quarter after the AMC divestiture, we delivered $1.27 billion in total revenues, 35% Adjusted EBITDA Margin, and our 15th consecutive quarter of organic cloud revenue growth," said Mark J. Barrenechea, OpenText CEO & CTO.

OpenText Reports First Quarter Fiscal Year 2025 Financial Results

OpenText Recognized as One of the World's Top Companies for Women by Forbes for the Second Consecutive Year

Company ranks in the top 20% of global companies included on this year's list WATERLOO, ON , Oct. 29, 2024 /PRNewswire/ -- OpenTextTM (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of the World's Top Companies for Women 2024 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates global companies that support women in the workplace.

OpenText Recognized as One of the World's Top Companies for Women by Forbes for the Second Consecutive Year

OpenText Unveils Secure Cloud Evolution to Supercharge Managed Service Provider (MSP) Business Growth

New bundles, integrated task management and enhanced billing capabilities empower MSPs to deliver comprehensive security services with ease WATERLOO, ON , Oct. 22, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced a major evolution of its Secure Cloud platform, designed to drive growth for managed security providers (MSPs). With fresh features like automated provisioning, enriched product bundling, integrated task management and improved reporting and analytics, the platform streamlines MSP operations helping them focus on customer growth and retention.

OpenText Unveils Secure Cloud Evolution to Supercharge Managed Service Provider (MSP) Business Growth

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