Open Text Corporation (OTEX)

NASDAQ: OTEX · IEX Real-Time Price · USD
30.64
+0.56 (1.86%)
At close: Jul 2, 2024, 4:00 PM
30.63
-0.02 (-0.05%)
After-hours: Jul 2, 2024, 5:01 PM EDT
1.86%
Market Cap 8.36B
Revenue (ttm) 5.90B
Net Income (ttm) 168.13M
Shares Out 272.87M
EPS (ttm) 0.62
PE Ratio 49.42
Forward PE 7.18
Dividend $1.00 (3.26%)
Ex-Dividend Date May 31, 2024
Volume 356,557
Open 30.01
Previous Close 30.08
Day's Range 29.75 - 30.66
52-Week Range 27.54 - 45.47
Beta 1.12
Analysts Hold
Price Target 39.17 (+27.84%)
Earnings Date Aug 1, 2024

About 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 segmen... [Read more]

Sector Technology
IPO Date Sep 9, 1998
Employees 24,100
Stock Exchange NASDAQ
Ticker Symbol OTEX
Full Company Profile

Financial Performance

In 2023, Open Text's revenue was $4.48 billion, an increase of 28.37% compared to the previous year's $3.49 billion. Earnings were $150.38 million, a decrease of -62.13%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for OTEX stock is "Hold." The 12-month stock price forecast is $39.17, which is an increase of 27.84% from the latest price.

Price Target
$39.17
(27.84% upside)
Analyst Consensus: Hold
Stock Forecasts

News

OpenText Cloud for Government Solution Achieves FedRAMP Authorization

New FedRAMP authorized solution enhances federal agencies' ability to deliver a seamless total citizen experience WATERLOO, ON , June 14, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), th...

18 days ago - PRNewsWire

OpenText Named a Leader in Two IDC MarketScapes for UEM for SMBs and Client Endpoint Management for Microsoft Windows Devices

WATERLOO, ON , June 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced its position as a Leader in the IDC MarketScape: Worldwide Unified Endpoint...

20 days ago - PRNewsWire

OpenText Cybersecurity MSP/MSSP Survey Finds Customers Seek AI-led Comprehensive Security Expertise for Threat Detection and Vulnerability Management

OpenText Cybersecurity 2024 Global Managed Security Survey reveals  enterprises and SMBs Need Holistic and Composable Security  WATERLOO, ON , June 10, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX, TSX...

22 days ago - PRNewsWire

OpenText Elevates Knowledge Workers at SAP Sapphire 2024

AI-powered solutions help enterprises add intelligence to information throughout their SAP business processes WATERLOO, ON , June 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the inf...

4 weeks ago - PRNewsWire

OpenText Named a Leader in Document Mining and Analytics Platforms Report

WATERLOO, Ontario , May 31, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced that OpenText™ IDOL™ has been named a Leader in The Forrester Wave™: Do...

4 weeks ago - PRNewsWire

OpenText Buys Cybersecurity MDR Platform

Pillr Provides a Managed Detection and Response (MDR) Platform for MSPs integrated with OpenText's Cybersecurity WATERLOO, ON , May 22, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX:...

5 weeks ago - PRNewsWire

OpenText Completes $2 Billion Debt Reduction

WATERLOO, ON , May 8, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX) today announced that, as previously indicated, it completed its $2 billion debt reduction using the net pro...

7 weeks ago - PRNewsWire

OpenText Empowers Cyber Defenders with Innovations to Outmaneuver Sophisticated Threats

Preemptive approach to cybersecurity showcased at RSAC USA North Hall 4235 WATERLOO, ON , May 6, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced new advancements to protect...

2 months ago - PRNewsWire

OpenText Reports Q3 F'24 Financial Results

Record Q3 Total Revenues and Enterprise Cloud Bookings Announces $250 Million Share Repurchase Program Fiscal 2024 Third Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in m...

2 months ago - PRNewsWire

OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B

OpenText to Reduce Debt by $2 Billion WATERLOO, ON , May 1, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed the divestiture o...

2 months ago - PRNewsWire

OpenText Secures Open Source Supply Chain with Latest Innovation

Solves open source intake challenges WATERLOO, ON , April 29, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced an innovative solution to long-standing open source intake cha...

2 months ago - PRNewsWire

5 Canadian tech stocks to buy today as AI boom continues

The S&P/TSX Composite Index (TSX) has lost its recent momentum as the stock market rally faded. The index has retreated in the past six straight days and is now hovering near its lowest level since Ma...

Other symbols: GIBSHOP
2 months ago - Invezz

Customers Expand Their Horizons with OpenText Cloud Editions 24.2

Company unveils its latest information management solutions, powered by AI and designed to catalyze business transformation through reimagining the way work is approached WATERLOO, ON , April 15, 2024...

2 months ago - PRNewsWire

OpenText World Europe 2024 Takes Flight Debuting Latest AI Innovations to Elevate Human Potential

OpenText brings together customers, partners and industry luminaries to explore the transformative power of AI as the force multiplier for human potential LONDON , April 15, 2024 /PRNewswire/ -- OpenT...

2 months ago - PRNewsWire

OpenText to Report Third Quarter Fiscal Year 2024 Financial Results on Thursday, May 2, 2024

WATERLOO, ON , April 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2024 will be released on Thursd...

3 months ago - PRNewsWire

OpenText Strengthens Leadership Team; Appoints Three Presidents, including Todd Cione as incoming President WW Sales

WATERLOO, ON , April 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the strategic appointment of Todd Cione as President of OpenText Worldwide Sales, and announced the ...

3 months ago - PRNewsWire

Coroplast Group Partners with OpenText to Meet Poland's E-Invoicing Mandates

OpenText's Business Cloud and E-Invoicing Platform simplifies e-invoicing for global mid-sized business WATERLOO, ON , April 2, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the informat...

3 months ago - PRNewsWire

OpenText Strengthens X12 Collaboration to Accelerate the Future of Supply Chain B2B Data Exchange

WATERLOO, Ontario, March 27, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, and X12, the ANSI-accredited standards organization, today announced the renewal of th...

3 months ago - PRNewsWire

Information Management Experts Gather to Explore How AI Elevates Human Potential at OpenText World Europe 2024

WATERLOO, ON , March 18, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, is set to host OpenText World Europe 2024 April 15 – 18, 2024, with a series of in-person ...

3 months ago - PRNewsWire

Media Alert: OpenText Showcases Data-Driven Insights and AI-Powered Solutions for IT Service Management and Healthcare at Pink24 and HIMSS

WATERLOO, ON , Feb. 27, 2024 /PRNewswire/ -- Today, OpenText™  (NASDAQ: OTEX), (TSX: OTEX), the information company, announced its participation at two leading information and technology industry even...

4 months ago - PRNewsWire

Global Report Finds IT at the Forefront of Sustainability Efforts, but Lacks Proper Tools and Expertise

OpenText reveals companies are embracing sustainability in IT, but are in the early stages WATERLOO, ON , Feb. 20, 2024 /PRNewswire/ -- A report commissioned by OpenText™ (NASDAQ: OTEX), (TSX: OTEX), ...

4 months ago - PRNewsWire

OpenText Joins the Joint Cyber Defense Collaborative to Enhance U.S. Government Cybersecurity

OpenText's Innovative Approach to Threat Intelligence Empowers Cyber Defenders and Strengthens U.S. Government Cybersecurity Resilience WATERLOO, ON , Feb. 13, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: ...

5 months ago - PRNewsWire

OpenText Zeroes-In as Recognized Leader in Sustainability

Several achievements earned as a result of environmental, social, and governance commitments and progress WATERLOO, ON, Feb. 7, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announc...

5 months ago - PRNewsWire

OpenText Takes Code Security to the Next Level with Innovative use of Machine Learning

Security by design is a proactive approach to the ever-changing threat landscape – learn more at the inaugural OpenText Security Summit 2024 on February 6   WATERLOO, ON , Feb. 5, 2024 /PRNewswire/ --...

5 months ago - PRNewsWire

Media Alert: OpenText Shares How Businesses Can Elevate Their Security Posture with AI at the OpenText Security Summit on February 6

Mark Barrenechea, CEO & CTO of OpenText, to deliver keynote about evolving cybersecurity measures and AI technology WATERLOO, Ontario , Feb. 2, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTE...

5 months ago - PRNewsWire