It Seems Open Text Corp Will Go Down. Have Another Big Decline

 It Seems Open Text Corp Will Go Down. Have Another Big Decline

The stock of Open Text Corp (TSE:OTC) is a huge mover today! About 65,507 shares traded hands. Open Text Corp (TSE:OTC) has risen 25.42% since April 27, 2016 and is uptrending. It has outperformed by 19.50% the S&P500.
The move comes after 8 months negative chart setup for the $10.17 billion company. It was reported on Dec, 1 by Barchart.com. We have $79.92 PT which if reached, will make TSE:OTC worth $406.80M 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 -6.61% below today’s ($83.25) stock price. OpenText Corporation has been the topic of 12 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, June 3 report. The company was maintained on Tuesday, February 9 by RBC Capital Markets. The stock of Open Text Corp (TSE:OTC) earned “Outperform” rating by RBC Capital Markets on Monday, October 24. TD Securities maintained it with “Buy” rating and $74 target price in Thursday, October 27 report.

More important recent Open Text Corp (TSE:OTC) news were published by: Wsj.com which released: “Open Text to Buy Dell EMC Enterprise Content Division for $1.6 Billion” on September 12, 2016, also Reuters.com published article titled: “Canada’s OpenText to buy some HP Inc assets for $315 million”, Moodys.com published: “Moody’s places Open Text’s ratings on review for downgrade” on September 13, 2016. More interesting news about Open Text Corp (TSE:OTC) was released by: Fool.com and their article: “Open Text Corporation Looks Forward to Better Days Ahead” with publication date: July 28, 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 $10.17 billion. The Firm designs, develops, markets and sells Enterprise Information Management software and solutions. It has a 6.55 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment