RBC Capital Mkts downgraded Open Text from Outperform to Sector Perform and set a new price target of $33.00 from $45.00 previously
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| 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 |
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
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.
WATERLOO, ON, Feb. 27, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) will showcase its industry-leading ability to deliver secure communications, streamlined workflows and exceptional patient experiences to healthcare providers at the Healthcare Information and Management Systems Society Conference (HIMSS) 2025 in Las Vegas, March 3-6. Providers are facing myriad challenges and strong economic pressures, including fragmented communications across providers; paper-based administrative workflows; and rising ransomware threats. Inefficient data management is also a co
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
8-K - OPEN TEXT CORP (0001002638) (Filer)
8-K - OPEN TEXT CORP (0001002638) (Filer)
10-Q - OPEN TEXT CORP (0001002638) (Filer)
3 - OPEN TEXT CORP (0001002638) (Reporting)
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
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
WATERLOO, ON, Nov. 26, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of Fletcher Previn to its board of directors. Mr. Previn is Senior Vice President & Chief Information Officer of Cisco Systems, Inc., a worldwide technology leader that connects a broad range of technologies that help to power, secure, and draw insights from the Internet. "I am very pleased to welcome Fletcher to the OpenText Board," said Tom Jenkins, Chair of the Board of Directors. "He is a highly qualified executive with over 20 years of experience in
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.
Total Revenues of $1.335B, 16 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 17%, Robust Adjusted EBITDA Margin of 37.6% GAAP EPS of $0.87, Non-GAAP EPS of $1.11 Operating Cash Flows of $348M and Free Cash Flows of $307M Fiscal 2025 Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) $1,335 $1,053 $462 (13.1) % (8.1) % +2.7 % Annual Recurring Revenues represent 79% of Total Revenues "OpenText's Q2 results demonstrate the strength of our operating model, delivering $501 million of adjusted EBITDA, and 37.6% adjusted EBITDA margin, and generating $307 million of Free Cash Flows (FCF). The Comp
WATERLOO, ON, Jan. 13, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its second quarter fiscal year 2025 will be released on Thursday, February 6, 2025, at approximately 4:00 p.m. ET. OpenText to Host Conference Call WebcastMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText President, CFO & Corporate Development will host a conference call webcast on February 6, 2025, at 5:00 p.m. ET from its Investor Relations website. Date: Thursday, February 6, 2025 Time: 5:00 p.m. ET / 2:00 p.m. PT Le