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 |
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
Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /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 an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash. The business to be divested is part of OpenText's Analytics product group, primarily focused on automating the work of legal professionals, and contributed approximately $30 mil
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
Nearly 70% of mature AI users satisfied with ROAI; new adopters lag behind WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX) (TSX:OTEX), a global leader in secure information management for AI, today released new global research from Foundry, "AI Is Redefining the Role of the Knowledge Worker," revealing a sharp divide between new and mature AI adopters when realizing return on AI investment (ROAI). While enterprises are investing heavily in AI, many only achieve meaningful results when information management programs are mature enough to support AI initiatives.
8-K - OPEN TEXT CORP (0001002638) (Filer)
8-K - OPEN TEXT CORP (0001002638) (Filer)
8-K/A - OPEN TEXT CORP (0001002638) (Filer)
3 - OPEN TEXT CORP (0001002638) (Reporting)
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
Appoints 25-Year OpenText Veteran James McGourlay as Interim Chief Executive Officer Board of Directors Establishes Executive Committee and Commences CEO Search Company to Continue to Explore Portfolio-Shaping Opportunities to Enhance Focus WATERLOO, ON, Aug. 11, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive Officer, effective immediately. Mr. McGourlay has been with the Company for more than 25 years and has held senior roles in sales, customer operations, IT, technical support, product support
WATERLOO, ON, June 26, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of Kristen Ludgate to its board of directors. Ms. Ludgate is a seasoned executive and strategic advisor on global workforce and human resource strategies. Most recently, Ms. Ludgate served as Chief People Officer at HP Inc., a global publicly traded technology company with a broad product and services portfolio. At HP, Ms. Ludgate helped HP through significant transformation, deploying future-of-work strategies, strengthening leadership development, evolving culture, and implementing talent management and skills platforms.
Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /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 an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash. The business to be divested is part of OpenText's Analytics product group, primarily focused on automating the work of legal professionals, and contributed approximately $30 mil
$1.86B of Cloud Revenues, 2.0% Y/Y growth Announces 5% increase of dividend New $300 million share repurchase program Fiscal 2025 Annual Highlights Y/Y (in millions)(1) Total Revenues Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $5,168 $1,856 $436 $1,784 $1.65 $3.82 $831 $687 -10.4% Y/Y 2.0% Y/Y 8.4% margin 34.5% margin -3.5% Y/Y -8.4% Y/Y -14.2% Y/Y -15.0% Y/Y "OpenText had a strong Q4 and our cloud business is accelerating. Cloud bookings growth surged to 32%, driven by demand for our new AI-driven Titanium X platform. For the full Fiscal 2025, we delivered 13% total cloud RPO growth, 2.0% cloud revenue growth, an overall Adj EBI
Fourth Quarter Fiscal Year 2025 Financial Results to be Released on Thursday, August 7, 2025 Company Reports Strong Preliminary Q4FY25 Revenue Expectations of approximately US$1.31 Billion WATERLOO, ON, July 9, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX) announced today that Chadwick Westlake will step down as EVP, Chief Financial Officer to assume the President & Chief Executive Officer role at his former employer, EQB, following the unexpected passing of its CEO. Mr. Westlake's departure will be effective August 15, 2025, post-completion of OpenText's fiscal year-end reporting.
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)