Open Text Corporation (OTEX) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Press coverage about Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Open Text Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 47.1596828159961 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Hewlett Packard Enterprise Company (HPE) is at $17.98 per share … – Stocks Gallery (stocksgallery.com)
- Investors see Lower earnings in the future Open Text Corporation (OTEX) – Street Observer (press release) (streetobserver.com)
- Mesa Adaptive MA In Focus for Open Text Corp (OTEX) – Financial News Review (finnewsreview.com)
- OPEN TEXT CORP (USA) : ex-dividend day (4-traders.com)
Shares of Open Text Corporation (OTEX) opened at 32.36 on Friday. Open Text Corporation has a 52 week low of $29.30 and a 52 week high of $35.21. The stock has a market cap of $8.51 billion, a PE ratio of 8.07 and a beta of 0.51. The company’s 50-day moving average is $32.73 and its 200 day moving average is $33.02.
Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $663.60 million for the quarter, compared to analysts’ expectations of $662.36 million. Open Text Corporation had a return on equity of 8.92% and a net margin of 44.77%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Analysts forecast that Open Text Corporation will post $2.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.132 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.63%. Open Text Corporation’s dividend payout ratio (DPR) is presently 12.74%.
A number of research firms have recently commented on OTEX. Zacks Investment Research cut shares of Open Text Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th. BidaskClub cut shares of Open Text Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. BMO Capital Markets set a $38.00 target price on shares of Open Text Corporation and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Citigroup Inc. cut their target price on shares of Open Text Corporation from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, May 9th. Finally, Scotiabank cut their target price on shares of Open Text Corporation from $51.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.11.
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Open Text Corporation Company Profile
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.
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