Open Text (OTEX) Expected to Announce Earnings on Thursday

Open Text (NASDAQ:OTEX) (TSE:OTC) is expected to be releasing its Q2 2026 results after the market closes on Thursday, February 5th. Analysts expect Open Text to post earnings of $1.04 per share and revenue of $1.2874 billion for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, February 5, 2026 at 5:00 PM ET.

Open Text (NASDAQ:OTEX) (TSE:OTC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. Open Text had a return on equity of 23.44% and a net margin of 9.60%.Open Text’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, analysts expect Open Text to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Open Text Stock Down 6.3%

Shares of Open Text stock opened at $23.19 on Wednesday. The business has a 50-day moving average price of $31.71 and a 200 day moving average price of $33.60. Open Text has a fifty-two week low of $22.74 and a fifty-two week high of $39.90. The firm has a market cap of $5.84 billion, a P/E ratio of 12.14 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.60.

Institutional Trading of Open Text

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Open Text by 48.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,592,578 shares of the software maker’s stock valued at $96,914,000 after buying an additional 851,303 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Open Text by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,437,335 shares of the software maker’s stock worth $36,307,000 after acquiring an additional 619,527 shares during the period. Legal & General Group Plc grew its stake in Open Text by 30.8% during the 3rd quarter. Legal & General Group Plc now owns 2,210,802 shares of the software maker’s stock valued at $82,655,000 after acquiring an additional 520,820 shares in the last quarter. Amundi increased its holdings in shares of Open Text by 57.5% in the 3rd quarter. Amundi now owns 975,749 shares of the software maker’s stock valued at $37,371,000 after purchasing an additional 356,105 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Open Text by 24.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,547,467 shares of the software maker’s stock worth $45,246,000 after purchasing an additional 300,000 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OTEX. Weiss Ratings restated a “hold (c+)” rating on shares of Open Text in a research report on Monday, December 29th. Citigroup dropped their price objective on shares of Open Text from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Royal Bank Of Canada cut their price objective on shares of Open Text from $35.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Monday, January 26th. UBS Group upped their target price on shares of Open Text from $32.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group raised their price target on shares of Open Text from $33.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Open Text has a consensus rating of “Hold” and a consensus price target of $38.83.

About Open Text

Open Text Corporation is a Canadian enterprise information management (EIM) software company that develops solutions for organizations seeking to manage, protect and extract insight from their unstructured and structured data. The company’s platform encompasses document management, records management, digital asset management and archiving, enabling companies to govern information across its lifecycle.

Open Text’s product suite includes content services, business process management, customer experience management, analytics and security products.