Open Text (OTEX) Expected to Announce Quarterly Earnings on Thursday

Open Text (NASDAQ:OTEX) (TSE:OTC) will likely be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect Open Text to post earnings of $0.92 per share and revenue of $1.32 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Open Text Stock Performance

NASDAQ OTEX opened at $29.37 on Wednesday. The stock has a market cap of $7.75 billion, a PE ratio of 16.98 and a beta of 1.12. Open Text has a twelve month low of $26.84 and a twelve month high of $43.13. The stock has a fifty day simple moving average of $28.92 and a 200-day simple moving average of $30.65. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.

Analysts Set New Price Targets

Several research firms have weighed in on OTEX. UBS Group started coverage on Open Text in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $32.00 target price for the company. StockNews.com cut shares of Open Text from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. Scotiabank cut their target price on shares of Open Text from $40.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Barclays decreased their price target on shares of Open Text from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, TD Securities cut their price objective on Open Text from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.27.

About Open Text

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.