Open Text Corporation (OTEX)
Market Cap | 7.23B |
Revenue (ttm) | 5.61B |
Net Income (ttm) | 468.56M |
Shares Out | 261.99M |
EPS (ttm) | 1.73 |
PE Ratio | 15.94 |
Forward PE | 7.50 |
Dividend | $1.05 (3.80%) |
Ex-Dividend Date | Nov 29, 2024 |
Volume | 1,199,211 |
Open | 27.27 |
Previous Close | 27.42 |
Day's Range | 27.06 - 27.88 |
52-Week Range | 27.06 - 45.47 |
Beta | 1.12 |
Analysts | Hold |
Price Target | 33.29 (+20.62%) |
Earnings Date | Jan 30, 2025 |
About OTEX
Open Text Corporation engages in the provision of information management products and services. The company offers content services, including 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, testin... [Read more]
Financial Performance
In 2024, Open Text's revenue was $5.77 billion, an increase of 28.64% compared to the previous year's $4.48 billion. Earnings were $465.09 million, an increase of 209.28%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for OTEX stock is "Hold." The 12-month stock price forecast is $33.29, which is an increase of 20.62% from the latest price.
News
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 Ranganat...
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/ -...
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. Th...
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 ...
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 Editi...
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 solu...
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 Partne...
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), t...
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), (T...
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 Executi...
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: OTE...
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 an...
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...
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™ (NASD...
World Quality Report 2024 shows 68% of Organizations Now Utilizing Gen AI to Advance Quality Engineering
Developer productivity and quality engineering has passed the tipping point of adopting generative AI to drive business success, says the 16th edition of the report WATERLOO, ON , Oct. 22, 2024 /PRNew...
OpenText Partnership with Cork Delivers Peace of Mind with Comprehensive Cybersecurity and Cyber Warranty Solutions for SMBs and MSPs
New collaboration provides elevated service offerings with financial protection to attract and retain clients resulting in increased revenue streams WATERLOO, ON , Oct. 21, 2024 /PRNewswire/ -- OpenTe...
OpenText Cybersecurity's 2024 Ransomware Survey: Supply Chain Attacks Surge, Ransom Payments Persist
While companies improve defenses, almost half of respondents still suffer ransomware attacks and the resulting ransom payments only perpetuate the cycle of vulnerability WATERLOO, ON , Oct. 10, 2024 ...
OpenText to Report First Quarter Fiscal Year 2025 Financial Results on Thursday, October 31, 2024
WATERLOO, ON , Oct. 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its first quarter fiscal year 2025 will be released on Thursda...
OpenText Report Raises Awareness for Consumer Digital Life Protection as Privacy Concerns Increase with Generative AI Use
As generative AI usage becomes more widespread, two-thirds of respondents expressed concern about AI systems collecting their data WATERLOO, ON , Oct. 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX)...
OpenText Cybersecurity's 2024 Threat Hunter Perspective Shows Collaboration Between Nation-States and Cybercrime Rings to Inflict More Damage
Adversaries are taking advantage of weak security fundamentals and a lack of countermeasures to carry out cyberattacks WATERLOO, ON , Sept. 27, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTE...
OpenText Announces Voting Results for Election of Directors
WATERLOO, ON , Sept. 12, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) confirmed today that the nominees listed below were re-elected by shareholders at its annual meeting of sh...
OpenText Named One of the World's Best Companies by TIME Magazine for the Second Consecutive Year
Recognition is the latest in a series of leader and employer awards received by the company WATERLOO, ON , Sept. 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it ...
OpenText IT Management Platform Achieves FedRAMP® Authorization
New FedRAMP authorized solution provides government organizations a simpler way to deliver IT services WATERLOO, ON , Sept. 11, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX, TSX: OTEX) today announced ...
OpenText Harnesses AI to Revolutionize DevSecOps at Global Virtual Summit
Virtual Summit to Feature Industry Experts and Deep-Dive Sessions on the Latest AI-enabled DevSecOps Trends WATERLOO, ON , Sept. 10, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), is excite...
OpenText Named a Leader in IDC MarketScape: Worldwide Intelligent Content Services 2024
WATERLOO, ON , Sept. 9, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) today announced that OpenText has been named a Leader in the IDC MarketScape: Worldwide Intelligent Content Services20...