CIBC downgraded Open Text from Sector Outperform to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/15/2025 | $45.00 | Sector Perform → Outperform | National Bank Financial |
| 8/12/2025 | $33.00 | Buy → Hold | Jefferies |
| 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 |
WALTHAM, Mass., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Rocket Software, a global technology leader in modernization software, today announced it has entered into a definitive agreement to acquire the Vertica analytics database from OpenText (NASDAQ:OTEX), (TSX:OTEX). Vertica is an enterprise-grade analytics database platform trusted by leading global organizations for its proven technology and industrial-strength performance for mission-critical analytical workloads. The technology sits at the center of many of today's investments and helps enterprises drive better business outcomes while balancing cloud innovation with regulatory compliance, data sovereignty, performance, and cost requirement
OpenText to Continue Focusing on Core Cloud Products for Secure, Trusted Data for Enterprise AI WATERLOO, ON, Feb. 2, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest Vertica, a part of its non-core Analytics portfolio, to Rocket Software Inc., a Bain Capital portfolio company ("Rocket Software") for US$150 million in cash, before taxes, fees and other adjustments. "We are executing on our strategic plan, focusing on our core produ
Proven global technology leader to drive disciplined growth in cloud modernization and enterprise AI WATERLOO, ON, Jan. 29, 2026 /PRNewswire/ -- OpenText Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced that its Board of Directors ("Board") has appointed Ayman Antoun as Chief Executive Officer and a member of the Board, effective April 20, 2026. Mr. Antoun brings more than three decades of global technology, operating discipline and transformation leadership to OpenText, built over a seasoned career in the information technology industry. As P
8-K - OPEN TEXT CORP (0001002638) (Filer)
8-K - OPEN TEXT CORP (0001002638) (Filer)
8-K - OPEN TEXT CORP (0001002638) (Filer)
National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00
Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00
UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00
3 - OPEN TEXT CORP (0001002638) (Reporting)
Proven global technology leader to drive disciplined growth in cloud modernization and enterprise AI WATERLOO, ON, Jan. 29, 2026 /PRNewswire/ -- OpenText Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced that its Board of Directors ("Board") has appointed Ayman Antoun as Chief Executive Officer and a member of the Board, effective April 20, 2026. Mr. Antoun brings more than three decades of global technology, operating discipline and transformation leadership to OpenText, built over a seasoned career in the information technology industry. As P
WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.
WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025. Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financ
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, Jan. 7, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its second quarter fiscal year 2026 will be released on Thursday, February 5, 2026, at approximately 4:00 p.m. ET. OpenText to Host Conference Call WebcastThe earnings call will be hosted on February 5, 2026, at 5:00 p.m. ET by OpenText Executive Chair & Chief Strategy Officer, Tom Jenkins, OpenText Interim Chief Executive Officer, James McGourlay and OpenText Executive Vice President & Chief Financial Officer, Steve Rai. The webcast will be ac
Total Revenues of $1.29B, 19 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 11%, Robust Adjusted EBITDA Margin of 36.3% GAAP EPS of $0.58, Non-GAAP EPS of $1.05 Fiscal 2026 First Quarter Highlights (in millions)(1) Total Revenues Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $1,288 $485 $147 $467 $0.58 $1.05 $148 $101 +1.5% Y/Y +6.0% Y/Y 11.4% margin 36.3% margin +81.3% Y/Y +12.9% Y/Y +289.9% Y/Y +186.4% Y/Y WATERLOO, ON, Nov. 5, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced its financial results for the first quarter ended September 30, 2025.
WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t