Open Text Corporation (OTEX)

NASDAQ: OTEX · IEX Real-Time Price · USD
38.00
0.96 (2.59%)
May 17, 2022 4:00 PM EDT - Market closed
Market Cap10.17B
Revenue (ttm)3.48B
Net Income (ttm)476.18M
Shares Out267.71M
EPS (ttm)1.81
PE Ratio21.01
Forward PE10.59
Dividend$1.09 (2.86%)
Ex-Dividend DateJun 2, 2022
Volume430,513
Open37.70
Previous Close37.04
Day's Range37.26 - 38.02
52-Week Range35.04 - 55.25
Beta0.96
AnalystsBuy
Price Target46.25 (+21.7%)
Earnings DateMay 4, 2022

About OTEX

Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and O...

IndustrySoftware
IPO DateSep 9, 1998
Employees15,000
Stock ExchangeNASDAQ
Ticker SymbolOTEX
Full Company Profile

Financial Performance

In 2021, Open Text's revenue was $3.39 billion, an increase of 8.89% compared to the previous year's $3.11 billion. Earnings were $310.67 million, an increase of 32.64%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for OTEX stock is "Buy." The 12-month stock price forecast is 46.25, which is an increase of 21.71% from the latest price.

Price Target
$46.25
(21.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

OpenText Receives 2022 SAP® Pinnacle Award in the Partner Solution Success Category

Award highlights OpenText's deep commitment to partnership and driving innovation and solutions that enhance the customer experience WATERLOO, ON , May 10, 2022 /PRNewswire/ -- OpenText (NASDAQ: OTEX), ...

1 week ago - PRNewsWire

OpenText Reports Third Quarter Fiscal Year 2022 Financial Results

Strong Results Include Record Cloud and Annual Recurring Revenues WATERLOO, ON , May 4, 2022  /PRNewswire/ -- Third Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions...

1 week ago - PRNewsWire

OpenText Showcases Latest Content Cloud Innovations at AIIM 2022

New capabilities help organizations harness the power of information to drive operational excellence and deliver better business outcomes WATERLOO, ON , April 27, 2022 /PRNewswire/ -- OpenText™ (NASDAQ:...

2 weeks ago - PRNewsWire

5 Undervalued Predictable Opportunities in the Tech Sector

Continuing the April sell-off, U.S. market indexes were lower on Tuesday morning as tech stocks struggled ahead of releasing earnings reports later in the week.

Other symbols:CHKPFICOMKSISSNC
3 weeks ago - GuruFocus

Tokio Marine Vietnam Powers Customer Experience with OpenText

Leading insurance company accelerates service delivery with modern tools to digitize processes and improve efficiency WATERLOO, ON , April 20, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX)...

3 weeks ago - PRNewsWire

5 Predictable Stocks Trading Near 52-Week Lows

One strategy that investors can use to search for potential value opportunities is to screen the market for stocks with a history of solid profitability and shareholder returns that are trading near the...

Other symbols:GSKPFETSMUL
1 month ago - GuruFocus

OpenText to Report Third Quarter Fiscal Year 2022 Financial Results on Wednesday, May 4, 2022

WATERLOO, ON , April 6, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2022 will be released on Wednesda...

1 month ago - PRNewsWire

OpenText and MUFG Global Securities Lending Solutions Group partner to deliver newly enhanced experience to business ...

OpenText Business Network to empower global investment services provider to enrich client experience with customized reporting capabilities WATERLOO, ON and NEW YORK , April 5, 2022 /PRNewswire/ -- Open...

1 month ago - PRNewsWire

OpenText Empowers Businesses to Better Understand Threat Intelligence and Strengthen Cyber Resiliency

2022 BrightCloud® Threat Report shows ransomware remains largest cyber threat to SMBs as phishing activity spikes with 770% increase WATERLOO, ON , March 28, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX...

1 month ago - PRNewsWire

Close Brothers Asset Finance and Leasing Taps OpenText for Customer-Oriented Digital Transformation

OpenText Content Services and Digital Experience cloud solutions support bank  with advanced information management and regulatory compliance innovation WATERLOO, ON , March 28, 2022 /PRNewswire/ -- Tod...

1 month ago - PRNewsWire

OpenText Showcases Latest eDiscovery Innovations at Legalweek New York 2022

New capabilities connect distributed workforces with information that streamlines legal discovery and investigations, and supports data privacy compliance WATERLOO, ON, March 8, 2022 /PRNewswire/ -- Ope...

2 months ago - PRNewsWire

OpenText Powers Information-led Transformations and Resilient Supply Chains

Cloud Editions 22.1 digitizes business processes to modernize operations and drive value creation for growth WATERLOO, ON, March 2, 2022 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX) anno...

2 months ago - PRNewsWire

MSIG Asia Enriches Customer Experience with OpenText

Asia's leading insurance company builds omni-channel, self-service capabilities and grows business with OpenText WATERLOO, ON, Feb. 9, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), today ...

3 months ago - PRNewsWire

OpenText and Google Cloud to Collaborate on Next Generation Content Services

OpenText Core Content to be available on Google Cloud, enabling rapid, secure access to the OpenText platform WATERLOO, ON, Feb. 3, 2022 /PRNewswire/ -- OpenText ™ (NASDAQ: OTEX), (TSX: OTEX), today ann...

3 months ago - PRNewsWire

OpenText Reports Second Quarter Fiscal Year 2022 Financial Results

WATERLOO, ON, Feb. 3, 2022 /PRNewswire/ -- Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported...

3 months ago - PRNewsWire

Analysts Estimate Open Text (OTEX) to Report a Decline in Earnings: What to Look Out for

Open Text (OTEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

OpenText Announces Strategic Appointments

WATERLOO, ON, Jan. 24, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced certain strategic appointments and changes to its Executive Leadership Team. "I am very excited about Op...

3 months ago - PRNewsWire

Faurecia Streamlines International Procurement Process with OpenText

Global company enhances invoice visibility and drives efficiency with OpenText Vendor Invoice Management for SAP Solutions WATERLOO, ON, Jan. 19, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OT...

3 months ago - PRNewsWire

OpenText to Report Second Quarter Fiscal Year 2022 Financial Results on Thursday, February 3, 2022

WATERLOO, ON , Jan. 12, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its second quarter fiscal year 2022 will be released on Thursda...

4 months ago - PRNewsWire

OpenText Buys Zix Corporation

WATERLOO, ON, Dec. 23, 2021 /PRNewswire/ --  OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it has completed the closing of the previously announced acquisition of Zix Corporation (NASDAQ: Z...

4 months ago - PRNewsWire

OpenText Extends Tender Offer for Zix Corporation

WATERLOO, Ontario, Dec. 21, 2021 /PRNewswire/ --  In connection with the previously announced agreement to acquire Zix Corporation (NASDAQ: ZIXI) ("Zix"), OpenText™ (NASDAQ: OTEX) (TSX: OTEX) announced ...

4 months ago - PRNewsWire

Legal Aid Western Australia Modernizes Work with OpenText

Government agency migrates 15 million legal documents to OpenText and enables access for 400 users WATERLOO, Ontario, Dec. 7, 2021 /PRNewswire/ -- OpenTextTM  (NASDAQ: OTEX), (TSX: OTEX), today announce...

5 months ago - PRNewsWire

OpenText Named one of Canada's Most Admired Corporate Cultures 2021

WATERLOO, ON, Nov. 30, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) has been recognized as one of Canada's Most Admired Corporate Cultures for 2021 by Waterstone Human Capital, Canada's le...

5 months ago - PRNewsWire

OpenText Strengthens Security & Protection Cloud with Network Detection & Response

Acquisition of Bricata technology enables OpenText to extend threat detection and response to the network WATERLOO, ON, Nov. 24, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announce...

5 months ago - PRNewsWire

OpenText Commences Tender Offer for Zix Corporation

WATERLOO, ON, Nov. 22, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of...

5 months ago - PRNewsWire