Can Open Text Corp’s Tomorrow be Different? The Stock Declines Again

 Can Open Text Corp's Tomorrow be Different? The Stock Declines Again

The stock of Open Text Corp (TSE:OTC) is a huge mover today! About 45,072 shares traded hands. Open Text Corp (TSE:OTC) has risen 19.81% since April 5, 2016 and is uptrending. It has outperformed by 15.02% the S&P500.
The move comes after 9 months negative chart setup for the $10.20B company. It was reported on Nov, 9 by Barchart.com. We have $78.32 PT which if reached, will make TSE:OTC worth $510.00 million less.

Open Text Corp (TSE:OTC) Ratings Coverage

Out of 4 analysts covering OpenText Corporation (TSE:OTC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $94 is the highest target while $54 is the lowest. The $77.75 average target is -5.69% below today’s ($82.44) stock price. OpenText Corporation has been the topic of 12 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Open Text Corp (TSE:OTC) has “Buy” rating given on Thursday, October 27 by TD Securities. The stock of Open Text Corp (TSE:OTC) earned “Outperform” rating by RBC Capital Markets on Monday, October 24. RBC Capital Markets maintained it with “Outperform” rating and $78.50 target price in Friday, June 3 report. The stock of Open Text Corp (TSE:OTC) earned “Outperform” rating by RBC Capital Markets on Tuesday, February 9.

More important recent Open Text Corp (TSE:OTC) news were published by: Fool.com which released: “Why Open Text Corporation Shares Popped Today” on February 10, 2016, also Wsj.com published article titled: “Open Text to Buy Dell EMC Enterprise Content Division for $1.6 Billion”, Fool.com published: “Open Text Corporation Looks Forward to Better Days Ahead” on July 28, 2016. More interesting news about Open Text Corp (TSE:OTC) was released by: Seekingalpha.com and their article: “Why I’m Holding Open Text Corporation” with publication date: November 02, 2016.

Open Text Corporation provides a platform and suite of software services and products that assist organizations in finding, utilizing, and sharing business information from any device. The company has a market cap of $10.20 billion. The Firm designs, develops, markets and sells Enterprise Information Management software and solutions. It has a 6.56 P/E ratio. The Company’s EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.

OTC.TO Company Profile

Open Text Corporation, incorporated on July 1, 2016, provides a platform and suite of software services and products that assist organizations in finding, utilizing, and sharing business information from any device. The Firm designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. The Company’s software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. The Company’s solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants, such as manufacturers, retailers, distributors and financial institutions, and are central to a company’s ability to collaborate with its partners. The Company’s EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.

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