Barclays resumed coverage of Open Text with a rating of Equal Weight and set a new price target of $41.00
Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $32.00 | Neutral | UBS |
| 11/1/2024 | $45.00 → $33.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/2/2024 | Outperform → Sector Perform | National Bank Financial | |
| 5/3/2024 | $50.00 → $38.00 | Outperform → Market Perform | BMO Capital Markets |
| 2/27/2024 | $45.00 | Buy | Jefferies |
| 3/22/2023 | $41.00 | Equal Weight | Barclays |
| 9/1/2022 | $34.00 | Neutral | Citigroup |
| 8/26/2022 | Sector Outperform → Neutral | CIBC |
8-K - OPEN TEXT CORP (0001002638) (Filer)
10-Q - OPEN TEXT CORP (0001002638) (Filer)
8-K - OPEN TEXT CORP (0001002638) (Filer)
UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00
RBC Capital Mkts downgraded Open Text from Outperform to Sector Perform and set a new price target of $33.00 from $45.00 previously
National Bank Financial downgraded Open Text from Outperform to Sector Perform
3 - OPEN TEXT CORP (0001002638) (Reporting)
WATERLOO, ON, June 26, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of Kristen Ludgate to its board of directors. Ms. Ludgate is a seasoned executive and strategic advisor on global workforce and human resource strategies. Most recently, Ms. Ludgate served as Chief People Officer at HP Inc., a global publicly traded technology company with a broad product and services portfolio. At HP, Ms. Ludgate helped HP through significant transformation, deploying future-of-work strategies, strengthening leadership development, evolving culture, and implementing talent management and skills platforms.
WATERLOO, ON, May 22, 2025 /PRNewswire/ -- OpenText today announced that it received a 2025 SAP® Pinnacle Award in the Partner Solution Success category, which recognizes its outstanding contributions as an SAP partner. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better. Winners and finalists in 24 categories were chosen based on recommendations from SAP, customer feedback, and performance indicators. "Our premier partner recognition program, the SAP Pinnacle Awards, re
Announces Expansion and Final Phase of Business Optimization Plan Fiscal 2025 Third Quarter Highlights (in millions(1)) Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $463 $93 $395 $0.35 $0.82 $402 $374 +1.8% Y/Y 7.4% margin 31.5% margin -2.8% Y/Y -12.8% Y/Y +4.6% Y/Y +7.4% Y/Y "On the strength of our operating model, OpenText delivered solid Q3 Cloud revenues, A-EBITDA margin and free cash flows, however, total revenues fell short of our expectations given demand volatility," said Mark J. Barrenechea, OpenText CEO & CTO. "While every organization is managing significant uncertainty, we continue to prove the criticality of OpenText p
WATERLOO, ON, June 26, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of Kristen Ludgate to its board of directors. Ms. Ludgate is a seasoned executive and strategic advisor on global workforce and human resource strategies. Most recently, Ms. Ludgate served as Chief People Officer at HP Inc., a global publicly traded technology company with a broad product and services portfolio. At HP, Ms. Ludgate helped HP through significant transformation, deploying future-of-work strategies, strengthening leadership development, evolving culture, and implementing talent management and skills platforms.
WATERLOO, ON, Feb. 26, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX), today announced Chadwick Westlake as Executive Vice President, Chief Financial Officer, effective March 5, 2025, to succeed Madhu Ranganathan. This appointment underscores the company's commitment to excellence and reinforces its top priorities on total revenue growth, increased competitive advantage, margin and free cash flow expansion, and upper quartile capital returns. Mr. Westlake is a highly experienced finance and transformation executive, previously serving as the Chief Financial Officer
WATERLOO, ON, Jan. 27, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX), today announced the strategic appointment of Savinay Berry as EVP & Chief Product Officer for the global information management leader. Mr. Berry will lead a charter focused on products and innovation across the company's wide set of data-oriented domains to help drive growth. Further, Muhi Majzoub has taken on a new role as EVP, Security Products, increasing the company's focus and accelerating its opportunity in this critical market. Berry has deep experience leading technology and engineering
Announces Expansion and Final Phase of Business Optimization Plan Fiscal 2025 Third Quarter Highlights (in millions(1)) Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $463 $93 $395 $0.35 $0.82 $402 $374 +1.8% Y/Y 7.4% margin 31.5% margin -2.8% Y/Y -12.8% Y/Y +4.6% Y/Y +7.4% Y/Y "On the strength of our operating model, OpenText delivered solid Q3 Cloud revenues, A-EBITDA margin and free cash flows, however, total revenues fell short of our expectations given demand volatility," said Mark J. Barrenechea, OpenText CEO & CTO. "While every organization is managing significant uncertainty, we continue to prove the criticality of OpenText p
WATERLOO, ON, April 9, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its third quarter fiscal year 2025 will be released after the close of market on Wednesday, April 30, 2025. In a new approach, OpenText CEO & CTO Mark J. Barrenechea, and EVP & CFO Chadwick Westlake, will host an earnings call webcast the following morning from the OpenText Investor Relations website. Earnings Call Webcast Details: Date: Thursday, May 1, 2025 Time: 8:30 a.m. ET / 5:30 a.m. PT Length: 60 minutes Webcast: Access on OpenText IR w
WATERLOO, ON, March 13, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) (the Company), today announced that it has increased its previously announced Fiscal 2025 normal course issuer bid (NCIB) by US$150 million, to purchase for cancellation up to a maximum aggregate value of US$450 million of its common shares (Common Shares). The maximum number of Common Shares that may be acquired under the NCIB will remain unchanged at the 21,179,064 Common Shares previously approved by the Toronto Stock Exchange (TSX). Further, as part of the NCIB, it has established an automatic share purchase plan (ASPP) with its broker to facilitate repurchases of the Common Shares.
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)