Open Text Corporation (OTEX)

NASDAQ: OTEX · IEX Real-Time Price · USD
38.83
+0.02 (0.05%)
At close: Mar 28, 2024, 4:00 PM
38.81
-0.02 (-0.04%)
After-hours: Mar 28, 2024, 4:55 PM EDT
0.05%
Market Cap 10.39B
Revenue (ttm) 5.70B
Net Income (ttm) 127.40M
Shares Out 272.05M
EPS (ttm) 0.47
PE Ratio 82.62
Forward PE 8.05
Dividend $1.00 (2.58%)
Ex-Dividend Date Feb 29, 2024
Volume 408,173
Open 38.85
Previous Close 38.81
Day's Range 38.65 - 39.14
52-Week Range 32.04 - 45.47
Beta 1.10
Analysts Hold
Price Target 44.75 (+15.25%)
Earnings Date May 2, 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 5 analysts, the average rating for OTEX stock is "Hold." The 12-month stock price forecast is $44.75, which is an increase of 15.25% from the latest price.

Price Target
$44.75
(15.25% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

1 day 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 ...

10 days 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 weeks 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), ...

5 weeks 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: ...

6 weeks 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...

7 weeks 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/ --...

7 weeks 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...

7 weeks ago - PRNewsWire

OpenText Reports Second Quarter Fiscal Year 2024 Financial Results

Record Total Revenues of $1.535 billion Up 71% Y/Y Record Enterprise Cloud Bookings Fiscal 2024 Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Rev...

2 months ago - PRNewsWire

OpenText Aviator Reimagines Work with AI

Innovations demonstrate the company's commitment to advancing its opentext.ai vision through Cloud Editions 24.1 release WATERLOO, ON , Jan. 23, 2024 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (...

2 months ago - PRNewsWire

OpenText Positioned as a Leader in IDC MarketScape for Multi-Enterprise Supply Chain Commerce Networks

Company named a Leader for the third time WATERLOO, ON , Jan. 17, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced it has been named a Leader in the...

2 months ago - PRNewsWire

New Survey Reveals Growing Adoption for AI in Legal Teams

OpenText, in partnership with the Corporate Counsel Business Journal, reveals that 91% of general counsel cite technology as a key driver for success with AI poised to transform the legal industry WAT...

2 months ago - PRNewsWire

OpenText to Report Second Quarter Fiscal Year 2024 Financial Results on Thursday, February 1, 2024

WATERLOO, Ontario , Jan. 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its second quarter fiscal year 2024 will be released on ...

2 months ago - PRNewsWire

OpenText appoints Denise Miura as SVP & President of OpenText Japan

WATERLOO, ON , Jan. 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the strategic appointment of Denise Miura as SVP & President of OpenText Japan for the Canadian-based...

2 months ago - PRNewsWire

OpenText Appoints Goldy Hyder to Board of Directors

WATERLOO, ON, Dec. 6, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Goldy Hyder to its board of directors. Mr. Hyder is President and Chief...

4 months ago - PRNewsWire

Open Text selling unit to Bain Capital-backed Rocket Software for $2.28B

Open Text Corp.'s stock OTEX was up by 2% in premarket trading on Wednesday, a day after the company said it would sell its AMC business unit to Rocket Software Inc., a Bain Capital portfolio company,...

4 months ago - Market Watch

Rocket Software to Acquire OpenText's Application Modernization and Connectivity Business

WALTHAM, Mass.--(BUSINESS WIRE)--Rocket Software, Inc. (“Rocket Software”), a global technology leader driving modernization for the world's largest companies, today announced it has signed a definiti...

4 months ago - Business Wire

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

OpenText to Focus on Cloud and AI Opportunity Within Information Management WATERLOO, ON , Nov. 28, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has ...

4 months ago - PRNewsWire

OpenText Named a Leader in Customer Communications Management and Communications Experience Platforms in the 2023 Aspire Leaderboard

Market leadership for sixth consecutive year, strengthened by AI investments and Total Experience vision WATERLOO, ON , Nov. 16, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the informa...

4 months ago - PRNewsWire

OpenText Cybersecurity 2023 Global Ransomware Survey: Companies Still Don't Believe They are Targets for Ransomware Attacks

Even with this disconnect, cybersecurity spending and hiring are on the rise WATERLOO, ON , Nov. 15, 2023 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), today released results of its annual 2...

4 months ago - PRNewsWire

77% of organizations are investing in artificial intelligence solutions to bolster their Quality Engineering

Capgemini Press contact: Saheli Chakraborty Tel.: +7015531783 E-mail: saheli.chakraborty@capgemini.com Open Text Press contact: Brad Thomas Tel.

5 months ago - GlobeNewsWire

OpenText Reports First Quarter Fiscal Year 2024 Financial Results

Record Q1 Total Revenues, Cloud Revenues and ARR Fiscal 2024 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constan...

5 months ago - PRNewsWire

OpenText Cybersecurity Nastiest Malware of 2023 Shows Ransomware-as-a-Service Now Primary Business Model

While average ransomware payments are up, the percentage of people who pay is at an all-time low WATERLOO, ON , Oct. 25, 2023 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX), today announced the ...

5 months ago - PRNewsWire

OpenText AI Enables Smarter Organizations

Company introduces OpenText Aviator AI capabilities in Cloud Editions 23.4 WATERLOO, ON , Oct. 11, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced ...

6 months ago - PRNewsWire

OpenText to Report First Quarter Fiscal Year 2024 Financial Results on Thursday, November 2, 2023

WATERLOO, ON , Oct. 10, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its first quarter fiscal year 2024 will be released on Thursd...

6 months ago - PRNewsWire