Open Text Corporation (OTEX)

NASDAQ: OTEX · Real-Time Price · USD
28.87
+0.31 (1.09%)
Nov 20, 2024, 4:00 PM EST - Market closed
1.09%
Market Cap 7.56B
Revenue (ttm) 5.61B
Net Income (ttm) 468.56M
Shares Out 261.98M
EPS (ttm) 1.73
PE Ratio 16.67
Forward PE 7.85
Dividend $1.05 (3.64%)
Ex-Dividend Date Nov 29, 2024
Volume 647,436
Open 28.52
Previous Close 28.56
Day's Range 28.21 - 28.95
52-Week Range 27.50 - 45.47
Beta 1.14
Analysts Hold
Price Target 33.50 (+16.04%)
Earnings Date Oct 31, 2024

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]

Sector Technology
IPO Date Sep 9, 1998
Employees 22,900
Stock Exchange NASDAQ
Ticker Symbol OTEX
Full Company Profile

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 Statements

Analyst Forecast

According to 7 analysts, the average rating for OTEX stock is "Hold." The 12-month stock price forecast is $33.5, which is an increase of 16.04% from the latest price.

Price Target
$33.5
(16.04% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

1 day ago - PRNewsWire

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...

2 days ago - PRNewsWire

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...

2 days ago - PRNewsWire

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...

5 days ago - PRNewsWire

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...

5 days ago - PRNewsWire

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...

20 days ago - Seeking Alpha

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...

20 days ago - PRNewsWire

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...

21 days ago - PRNewsWire

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...

22 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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 ...

5 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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)...

6 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

OpenText Analytics Digital Summit 2024 Provides Insight for Revolutionizing Business Analytics with AI

Virtual Summit to Feature Renowned Customer Speakers and In-Depth Sessions on the Future of Data Analytics WATERLOO, ON , Sept. 6, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today ann...

2 months ago - PRNewsWire

Open Text Corporation (OTEX) Citi's 2024 Global TMT Conference Call Transcript

Open Text Corporation (NASDAQ:OTEX) Citi's 2024 Global TMT Conference Call September 5, 2024 4:40 PM ET Company Participants Madhu Ranganathan - President, CFO & Corporate Development Conference Call...

2 months ago - Seeking Alpha

Nippon Gases Deutschland Aligns with OpenText to Accelerate E-Invoicing Compliance Ahead of German Mandates

This strategic partnership aims to streamline compliance with Germany's evolving e-invoicing mandates through OpenText's advanced cloud solutions WATERLOO, ON , Sept. 5, 2024 /PRNewswire/ -- Nippon Ga...

2 months ago - PRNewsWire

Serica Energy Partners with OpenText to Fuel Operational Excellence

Upstream oil and gas company uses OpenText to streamline engineering information and accelerate time to completion while reducing risk WATERLOO, Ontario , Aug. 19, 2024 /PRNewswire/ -- OpenText™ (NASD...

3 months ago - PRNewsWire