Open Text Corp Stock Today
| OTEX Stock | USD 35.45 0.40 1.14% |
Performance0 of 100
| Odds Of DistressLess than 37
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Open Text is trading at 35.45 as of the 23rd of April 2024; that is 1.14 percent up since the beginning of the trading day. The stock's open price was 35.05. Open Text has about a 37 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Open Text Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 9th of September 1998 | Category Technology | Classification Information Technology |
Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada. Open Text operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 267.64 M outstanding shares of which 5.53 M shares are now shorted by private and institutional investors with about 11.02 trading days to cover. More on Open Text Corp
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Moving against Open Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Open Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Open Text's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Open Text or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Open Text's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Open Text's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Mark Barrenechea | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Software - Application, Information Technology, SP TSX Composite, NASDAQ Composite, ISE Cloud Computing, NASDAQ Composite Total, Thomson Reuters Canada, Tech Growth, Disruptive Technologies, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Open Text report their recommendations after researching Open Text's financial statements, talking to executives and customers, or listening in on Open Text's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Open Text Corp. The Open consensus assessment is calculated by taking the average forecast from all of the analysts covering Open Text. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Open Text's liquidity, profitability, solvency, and operating efficiency, Open Text Corp may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Open Text Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Open Text's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Open Text's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Open Text's financial leverage. It provides some insight into what part of Open Text's total assets is financed by creditors.
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Open Text Corp (OTEX) is traded on NASDAQ Exchange in USA. It is located in 275 Frank Tompa Drive, Waterloo, ON, Canada, N2L 0A1 and employs 23,600 people. Open Text is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.38 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Open Text's market, we take the total number of its shares issued and multiply it by Open Text's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Open Text Corp conducts business under Software sector and is part of Information Technology industry. The entity has 267.64 M outstanding shares of which 5.53 M shares are now shorted by private and institutional investors with about 11.02 trading days to cover.
Open Text Corp currently holds about 1.7 B in cash with 779.21 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.39.
Check Open Text Probability Of Bankruptcy
Ownership AllocationOpen Text Corp has a total of 267.64 Million outstanding shares. The majority of Open Text Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Open Text Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Open Text. Please pay attention to any change in the institutional holdings of Open Text Corp as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Open Ownership Details
Open Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Open Text jumping above the current price in 90 days from now is under 95%. The Open Text Corp probability density function shows the probability of Open Text stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6332. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Open Text will likely underperform. Additionally, open Text Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Open Text to move above the current price in 90 days from now is under 95 (This Open Text Corp probability density function shows the probability of Open Stock to fall within a particular range of prices over 90 days) .
Open Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Open Text that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Open Text's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Open Text's value.| Instituion | Recorded On | Shares | |
| Bmo Capital Markets Corp. | 2023-12-31 | 5.5 M | |
| Arrowstreet Capital Limited Partnership | 2023-12-31 | 4.6 M | |
| Turtle Creek Asset Management Inc. | 2023-12-31 | 3.4 M | |
| Norges Bank | 2023-12-31 | 3.3 M | |
| Letko, Brosseau & Associates Inc. | 2023-12-31 | 2.9 M | |
| Clearbridge Advisors, Llc | 2023-12-31 | 2.8 M | |
| Guardian Capital Inc | 2023-12-31 | 2.8 M | |
| Newsouth Capital Management Inc | 2023-12-31 | 2.7 M | |
| Amvescap Plc. | 2023-12-31 | 2.7 M | |
| Jarislowsky Fraser Ltd | 2023-12-31 | 15.4 M | |
| Harris Associates L.p. | 2023-12-31 | 11.1 M |
Open Text Historical Income Statement
Open Text Corp Income Statement is one of the three primary financial statements used for reporting Open's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Open Text Corp revenue and expense. Open Text Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Open Text's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 3 B in 2024, whereas Net Income is likely to drop slightly above 159.2 M in 2024. View More FundamentalsOpen Stock Against Markets
Picking the right benchmark for Open Text stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Open Text stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Open Text is critical whether you are bullish or bearish towards Open Text Corp at a given time. Please also check how Open Text's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Open Text without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Open Text Corporate Directors
Open Text corporate directors refer to members of an Open Text board of directors. The board of directors generally takes responsibility for the Open Text's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Open Text's board members must vote for the resolution. The Open Text board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Jackman | Independent Director | Profile | |
| Stephen Sadler | Director | Profile | |
| Jurgen Tinggren | Director | Profile | |
| Carl Tinggren | Director | Profile |
How to buy Open Stock?
Before investing in Open Text, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Open Text. To buy Open Text stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Open Text. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Open Text stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Open Text Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Open Text Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Open Text Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Open Stock please use our How to Invest in Open Text guide.
Already Invested in Open Text Corp?
The danger of trading Open Text Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Open Text is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Open Text. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Open Text Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Open Text Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Text's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Open Text Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Text Corp Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Open Text Corp information on this page should be used as a complementary analysis to other Open Text's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Open Stock analysis
When running Open Text's price analysis, check to measure Open Text's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.
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Is Open Text's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Text. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Text listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Dividend Share 0.986 | Earnings Share 0.48 | Revenue Per Share 21.019 | Quarterly Revenue Growth 0.71 |
The market value of Open Text Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Text's value that differs from its market value or its book value, called intrinsic value, which is Open Text's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Text's market value can be influenced by many factors that don't directly affect Open Text's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Open Text's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Text is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Text's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.