In yesterday’s Wall Street session, Open Text Corp (NASDAQ:OTEX) shares traded at $38.83, up 0.05% from the previous session.
OTEX stock price is now -3.28% away from the 50-day moving average and -0.73% away from the 200-day moving average. The market capitalization of the company currently stands at $10.56B.
With the price target of $45, Jefferies recently initiated with Buy rating for Open Text Corp (NASDAQ: OTEX). , while ‘Citigroup’ rates the stock as ‘Neutral’
A total of 2.19% of the company’s stock is owned by insiders.
During the past 12 months, Open Text Corp has had a low of $32.04 and a high of $45.47. As of last week, the company has a debt-to-equity ratio of 2.20, a current ratio of 1.37, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $18.21B, which is based on a 82.85 price-to-earnings ratio, a 6.05 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for OTEX is $40.15 and a two-hundred day moving average price translates $39.11 for the stock.
The latest earnings results from Open Text Corp (NASDAQ: OTEX) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $1.24, beating analysts’ expectations of $1.19 by 0.05. This compares to $0.96 EPS in the same period last year. The net profit margin was 2.24% and return on equity was 3.13% for OTEX. The company reported revenue of $1.53 billion for the quarter, compared to $897.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.03 percent. For the current quarter, analysts expect OTEX to generate $1.43B in revenue.
Open Text Corp(OTEX) Company Profile
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 segmentation. It also provides cybersecurity cloud solutions to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, AI-led threat intelligence; and to protect critical information and processes through threat intelligence, forensics, identity, encryption, and cloud-based application security. In addition, the company offers business network cloud for digital supply chains and secure e-commerce ecosystems including digitize and automate procure-to-pay and order-to-cash processes; IT operations management cloud for automation and advancement of IT support and asset management; and analytics & AI cloud solutions that offers artificial intelligence with practical usage to provide organizations with actionable insights and better automation, such as visualizations, advanced natural language processing and understanding, and integrated computer vision capabilities. In addition, it provides application automation cloud, developers cloud, and services. Further, it has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.
