Summary

30.08 0.04(0.13%)07/01/2024
Open Text Corp (OTEX)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
0.102.334.10-21.74-25.99-27.69-22.711,181.20


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Trading Data
Close30.08
Open30.22
High30.33
Low29.89
Volume296,164
Change0.03
Change %0.10
Avg Volume (20 Days)556,756
Volume/Avg Volume (20 Days) Ratio0.53
52 Week Range27.54 - 45.47
Price vs 52 Week High-33.85%
Price vs 52 Week Low9.22%
Range-0.46
Gap Up/Down0.07
Fundamentals
Market Capitalization (Mln)8,208
EBIDTA1,552,530,048
PE Ratio48.9516
PEG Ratio0.8700
WallStreet Target Price43.12
Book Value15.3400
Earnings Per Share0.6200
EPS Estimate Current Quarter0.9400
EPS Estimate Next Quarter1.4200
EPS Estimate Current Year4.2300
EPS Estimate Next Year3.5500
Diluted EPS (TTM)0.6200
Revenues
Profit Marging0.0285
Operating Marging (TTM)0.1704
Return on asset (TTM)0.0357
Return on equity (TTM)0.0408
Revenue TTM5,898,257,920
Revenue per share TTM21.7290
Quarterly Revenue Growth (YOY)0.1630
Quarterly Earnings Growth (YOY)0.7140
Gross Profit (TTM)3,391,577,000
Dividends
Dividend Share0.9930
Dividend Yield0.0329
Valuations
Trailing PE48.9516
Forward PE7.4963
Price Sales (TTM)0.0000
Price Book (MRQ)2.3583
Revenue Enterprise Value 3.0559
EBITDA Enterprise Value11.1723
Shares
Shares Outstanding269,492,000
Shares Float263,639,073
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.02
Insider (%)2.22
Institutions (%)75.71


06/14 15:45 EST - prnewswire.com
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), the information company™, today announced it has achieved "fully authorized" status by the Federal Risk and Authorization Management Program (FedRAMP) for its Cloud for Government solution in the United States which now includes OpenText Extended ECM and OpenText AppWorks, two core products within the OpenText Content Cloud portfolio. The FedRAMP program promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security authorization for cloud service offerings.
06/12 04:29 EST - prnewswire.com
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 Management (UEM) Software for Small and Medium-Sized Businesses (SMBs) 2024 Vendor Assessment (doc #US51779424, April 2024), and the IDC MarketScape: Worldwide Client Endpoint Management Software for Microsoft Windows Devices 2024 Vendor Assessment (doc #US51234324, April 2024).   According to the IDC MarketScape for UEM SMBs, "OpenText's UEM product, ZENworks, provides strong device and application management functionality across PC, mobile device, and IoT endpoint form factors, covering all major operating systems.
06/10 09:00 EST - prnewswire.com
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: OTEX) today released the findings of its annual OpenText Cybersecurity Global Managed Security Survey. The 2024 survey of over 1,500 Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) found that the majority (92.5%) see increasing AI-led security and threat intelligence services as the major drivers of business growth over the next 12 months.
06/03 16:38 EST - prnewswire.com
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 information company, today showcased a powerful suite of SAP custom solutions with generative AI to revolutionize information management within SAP processes. These new enhanced capabilities enable future knowledge workers using SAP to integrate, search, and apply archived information – while controlling long-term cloud costs, reducing risks, meeting industry-specific compliance rules, and improving worker efficiencies.
05/31 14:26 EST - prnewswire.com
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™: Document Mining and Analytics Platforms, Q2 2024. In their recently published vendor evaluation, Forrester analyzed 14 document mining and analytics providers, using a 25-criterion evaluation to score them.
05/24 12:26 EST - zacks.com
OpenText (OTEX) Acquires Pillr to Boost Cybersecurity Offerings
OpenText (OTEX) acquires a managed detection and response platform from Novacoast as a threat-hunting tool for Managed Service Providers.
05/22 08:30 EST - prnewswire.com
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: OTEX), today announced that it has purchased Pillr, an MDR platform from Novacoast, Inc. Pillr technology is a cloud native, multi-tenant MDR platform for Managed Service Providers (MSPs) that includes Managed Detection and Response and powerful threat-hunting capabilities. This combination of Pillr technology and OpenText security expertise provides enhanced threat hunting, monitoring, and response for customers where skill gaps, skill shortages, and alert fatigue create a significant need today.
05/08 09:00 EST - prnewswire.com
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 proceeds from its AMC divestiture, which reflects $940 million paid to terminate the Company's Term Loan B due 2025 and $1.06 billion to reduce amounts outstanding under its Acquisition Term Loan due 2030. Please see investors.opentext.com for more information about the Company.
05/06 09:00 EST - prnewswire.com
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 organizations against the ever-growing complexity of cyber threats. As the threat landscape continues to evolve, security teams face the challenge of securing every element of their IT environment.
05/05 13:16 EST - seekingalpha.com
Open Text: Decent Cash-Generating Business With Temporary Headwinds
OpenText is a Canadian company that develops information management software for the enterprise market. Recent performance has been volatile, driven by recent selloffs after Q3 earnings call as Open Text projects lower revenue guidance in FY 2025 due to major divestiture. Nonetheless, Open Text's strong focus on reducing debt and increasing shareholder returns through buybacks and dividend increase could drive upside.
05/02 19:47 EST - seekingalpha.com
Open Text Corporation (OTEX) Q3 2024 Earnings Call Transcript
Open Text Corporation (NASDAQ:OTEX ) Q3 2024 Earnings Call Transcript May 2, 2024 5:00 PM ET Company Participants Harry Blount - SVP, IR Mark J. Barrenechea - CEO & CTO Madhu Ranganathan - President, CFO and Corporate Development Conference Call Participants Daniel Chan - TD Cowen Paul Treiber - RBC Capital Markets Billy Fitzsimmons - Jefferies Adhir Kadve - Eight Capital Thanos Moschopoulos - BMO capital markets Kevin Krishnaratne - Scotiabank Stephanie Price - CIBC Operator Thank you for standing by.
05/02 18:36 EST - zacks.com
Open Text (OTEX) Q3 Earnings Meet Estimates
Open Text (OTEX) came out with quarterly earnings of $0.94 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.73 per share a year ago.
05/02 16:01 EST - prnewswire.com
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 millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,447 $1,444 $1,146 $1,143 $455 $454 +16.3 % +16.0 % +13.3 % +13.1 % +4.4 % +4.4 % Annual Recurring Revenues represent 79% of Total Revenues Total revenues of $1.447 billion, up 16.3% Y/Y or up 16.0% in constant currency (CC) Annual Recurring Revenues (ARR) of $1.146 billion, up 13.3% Y/Y or up 13.1% in CC Cloud revenues of $455 million, up 4.4% Y/Y and up 4.4% in CC Quarterly enterprise cloud bookings(1) of $165 million, up 52.6% Y/Y Operating cash flows of $385 million, up 14.2% Y/Y Free cash flows(2) of $348 million, up 13.9% Y/Y GAAP-based net income of $98 million Adjusted EBITDA(2) of $464 million, up 27.0% Y/Y, margin of 32.0% GAAP-based diluted earnings per share (EPS) of $0.36, Non-GAAP diluted EPS(2) of $0.94 Completed previously announced sale of AMC business to Rocket Software for $2.275 billion in cash before taxes, fees and other adjustments WATERLOO, ON , May 2, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the third quarter ended March 31, 2024. "OpenText delivered strong financial performance in Q3 with revenues of $1.45 billion, or 16% year-over-year growth, reflecting customer demand for information management and new AI capabilities," said Mark J.
05/01 10:20 EST - prnewswire.com
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 of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for $2.275 billion in cash before taxes, fees and other adjustments. "We are pleased to complete the divestiture of our AMC/Mainframe business to Rocket Software," said Mark J.
04/29 09:00 EST - prnewswire.com
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 challenges. Developers spend a significant amount of time searching for open source libraries that comply with their company intake policies.
04/25 11:06 EST - zacks.com
Open Text (OTEX) Reports Next Week: Wall Street Expects Earnings Growth
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.
04/19 07:34 EST - invezz.com
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 March 11th.
04/15 04:30 EST - prnewswire.com
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 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced Cloud Editions (CE) 24.2 at its OpenText World Europe conference April 15-18.  OpenText's innovations combine trusted information management solutions and data strategies with advanced artificial intelligence (AI) capabilities to make work smarter, safer, and simpler.
04/15 03:30 EST - prnewswire.com
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/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today began its OpenText World Europe event taking place in three locations, London, Munich and Paris, April 15 – 18. OpenText is excited to bring together customers, partners, and industry luminaries to explore the transformative power of information management and artificial intelligence (AI) to elevate human potential.
04/09 16:01 EST - prnewswire.com
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 Thursday, May 2, 2024, at approximately 4:00 p.m. ET. OpenText to Host Conference Call Webcast Mark J.