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Recommendations
OpenText price target lowered to C$55 from C$60 at Raymond James » 12:48
08/05/22
08/05
12:48
08/05/22
12:48
OTEX

OpenText

$39.12 /

-2.475 (-5.95%)

Raymond James analyst…

Raymond James analyst Steven Li lowered the firm's price target on OpenText to C$55 from C$60 and keeps an Outperform rating on the shares.

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OTEX OpenText
$39.12 /

-2.475 (-5.95%)

OTEX OpenText
$39.12 /

-2.475 (-5.95%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$39.12 /

-2.475 (-5.95%)

Earnings
OpenText reports Q4 non-GAAP EPS 80c, consensus $1.00 » 16:21
08/04/22
08/04
16:21
08/04/22
16:21
OTEX

OpenText

$41.60 /

+0.46 (+1.12%)

Reports Q4 revenue…

Reports Q4 revenue $902.5M, consensus $1.16B. "Our strong Q4 and year-end results reflect customers' accelerating journey to the OpenText Cloud," said CEO Mark Barrenechea. "In FY22, OpenText delivered a record $3.5B of total revenues, led by record cloud revenues and cloud bookings. FY22 annual recurring revenues reached record $2.9B, representing 82% of total revenues...OpenText is ready for all economic scenarios, and our outlook for Fiscal 2023 focuses on continued cloud and free cash flow growth." "OpenText delivered an exceptional year," said CFO Madhu Ranganathan. "Our team delivered a solid FY22 with adjusted EBITDA of $1.3B and strong free cash flows of $889M. With approximately $1.7B in cash as of June 30, 2022 and a net leverage ratio of 2.0x, our balance sheet and liquidity position remain strong. Our strategic investments in product innovation and go-to-market initiatives continue to position us well to win in the cloud."

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OTEX OpenText
$41.60 /

+0.46 (+1.12%)

OTEX OpenText
$41.60 /

+0.46 (+1.12%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
Hot Stocks
Duck Creek Technologies announces new partnership with OpenText » 08:43
07/21/22
07/21
08:43
07/21/22
08:43
DCT

Duck Creek Technologies

$14.51 /

+0.66 (+4.77%)

, OTEX

OpenText

$40.41 /

+0.775 (+1.96%)

Duck Creek Technologies…

Duck Creek Technologies (DCT) announced a new partnership with OpenText (OTEX). Through this partnership, Duck Creek customers can now connect to OpenText Exstream via the Duck Creek Content Exchange, allowing Duck Creek users to leverage on-demand, personalized documents and communications developed with the full capability set of OpenText Exstream. "The ability to have a single enterprise CCM solution in the cloud for all communications helps to not only improve policyholder satisfaction but carrier productivity at the same time," said Eugene Van Biert, Chief Operating Officer at Duck Creek Technologies. "We are pleased to welcome OpenText Exstream to the Content Exchange and feel confident that this new integration will help to extend the value of our product offerings and enable our customers to benefit from 'anywhere enabled' cloud technology."

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OTEX OpenText
$40.41 /

+0.775 (+1.96%)

DCT Duck Creek Technologies
$14.51 /

+0.66 (+4.77%)

DCT Duck Creek Technologies
$14.51 /

+0.66 (+4.77%)

07/19/22 RBC Capital
Duck Creek Technologies downgraded to Sector Perform from Outperform at RBC Capital
07/01/22 JMP Securities
Duck Creek downgraded to Market Perform from Outperform at JMP Securities
06/30/22 BofA
Duck Creek Technologies downgraded to Neutral from Buy at BofA
06/30/22 BofA
Duck Creek Technologies downgraded to Neutral from Buy at BofA
OTEX OpenText
$40.41 /

+0.775 (+1.96%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$40.41 /

+0.775 (+1.96%)

DCT Duck Creek Technologies
$14.51 /

+0.66 (+4.77%)

OTEX OpenText
$40.41 /

+0.775 (+1.96%)

DCT Duck Creek Technologies
$14.51 /

+0.66 (+4.77%)

Over a month ago
Hot Stocks
Christian Blind Mission implements OpenText's Exstream software » 09:32
07/07/22
07/07
09:32
07/07/22
09:32
OTEX

OpenText

$38.96 /

+0.49 (+1.27%)

OpenText announced…

OpenText announced Christian Blind Mission has implemented its Customer Communications Management software, OpenText Exstream, to personalize and automate hundreds of thousands of essential donor communications, increasing efficiency and improving donor relations around the world.

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OTEX OpenText
$38.96 /

+0.49 (+1.27%)

OTEX OpenText
$38.96 /

+0.49 (+1.27%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$38.96 /

+0.49 (+1.27%)

OTEX OpenText
$38.96 /

+0.49 (+1.27%)

Over a quarter ago
Conference/Events
OpenText to host virtual investor day » 10:25
03/01/22
03/01
10:25
03/01/22
10:25
OTEX

OpenText

$43.22 /

-0.29 (-0.67%)

Virtual Investor Day to…

Virtual Investor Day to be held on March 1 at 11 am. Webcast Link

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OTEX OpenText
$43.22 /

-0.29 (-0.67%)

OTEX OpenText
$43.22 /

-0.29 (-0.67%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$43.22 /

-0.29 (-0.67%)

OTEX OpenText
$43.22 /

-0.29 (-0.67%)

Conference/Events
OpenText to host virtual investor day » 04:55
03/01/22
03/01
04:55
03/01/22
04:55
OTEX

OpenText

$43.51 /

-0.13 (-0.30%)

Virtual Investor Day to…

Virtual Investor Day to be held on March 1 at 11 am. Webcast Link

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OTEX OpenText
$43.51 /

-0.13 (-0.30%)

OTEX OpenText
$43.51 /

-0.13 (-0.30%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$43.51 /

-0.13 (-0.30%)

OTEX OpenText
$43.51 /

-0.13 (-0.30%)

Conference/Events
OpenText to host virtual investor day » 17:52
02/26/22
02/26
17:52
02/26/22
17:52
OTEX

OpenText

$43.64 /

+0.71 (+1.65%)

Virtual Investor Day to…

Virtual Investor Day to be held on March 1 at 11 am. Webcast Link

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OTEX OpenText
$43.64 /

+0.71 (+1.65%)

OTEX OpenText
$43.64 /

+0.71 (+1.65%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$43.64 /

+0.71 (+1.65%)

OTEX OpenText
$43.64 /

+0.71 (+1.65%)

Earnings
OpenText sees Q3 revenue up mid- to high-single-digits » 10:55
02/04/22
02/04
10:55
02/04/22
10:55
OTEX

OpenText

$44.41 /

-2.21 (-4.74%)

OpenText, on last…

OpenText, on last night's earnings call, guided Q3 total revenue up mid- to high-single-digits and annual recurring revenue up mid-single-digits year-over-year. The company expects adjusted EBITDA margin percentage to be down 450 basis points to 500 basis points due to higher investments in talent and continued support of its "growth ambitions, Zix acquisition and typical calendar year reset of higher benefits expense." OpenText shares are down 5% to $44.09 in late morning trading following last night's fiscal Q2 results.

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OTEX OpenText
$44.41 /

-2.21 (-4.74%)

OTEX OpenText
$44.41 /

-2.21 (-4.74%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$44.41 /

-2.21 (-4.74%)

OTEX OpenText
$44.41 /

-2.21 (-4.74%)

Earnings
OpenText raised 2022 sales growth target to 3%-4% from 1%-2% » 10:52
02/04/22
02/04
10:52
02/04/22
10:52
OTEX

OpenText

$44.32 /

-2.3 (-4.93%)

OpenText in its…

OpenText in its shareholder letter last night increased its fiscal 2022 total revenues growth target from 1%-2% to 3%-4% and its fiscal 2022 cloud revenues growth target from 3%-4% to 8%-10%. The company said it is "providing demonstrable progress towards" its fiscal 2024 organic growth aspirations of 2%-4%. OpenText shares are down 5% to $44.09 in late morning trading following last night's fiscal Q3 results.

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OTEX OpenText
$44.32 /

-2.3 (-4.93%)

OTEX OpenText
$44.32 /

-2.3 (-4.93%)

02/04/22 BMO Capital
OpenText price target lowered to C$53 from C$58 at BMO Capital
01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
OTEX OpenText
$44.32 /

-2.3 (-4.93%)

OTEX OpenText
$44.32 /

-2.3 (-4.93%)

Recommendations
OpenText price target lowered to C$53 from C$58 at BMO Capital » 10:42
02/04/22
02/04
10:42
02/04/22
10:42
OTEX

OpenText

$44.73 /

-1.89 (-4.05%)

BMO Capital analyst…

BMO Capital analyst Thanos Moschopoulos lowered the firm's price target on OpenText to C$53 from C$58 and keeps an Outperform rating on the shares.

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OTEX OpenText
$44.73 /

-1.89 (-4.05%)

OTEX OpenText
$44.73 /

-1.89 (-4.05%)

01/12/22 Barclays
OpenText price target lowered to $50 from $58 at Barclays
11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
06/30/21 Barclays
OpenText downgraded to Equal Weight from Overweight at Barclays
OTEX OpenText
$44.73 /

-1.89 (-4.05%)

OTEX OpenText
$44.73 /

-1.89 (-4.05%)

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