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OTEX $29.18

OTEX target price
29.18
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OpenText Corporation
Type
Public
Traded as TSX: OTEX
NASDAQ: OTEX
Industry Computer software
Founded 1991; 26 years ago (1991)
Founder Tim Bray, Gaston Gonnet, Frank Tompa
Headquarters Waterloo, Ontario, Canada
Key people
Mark Barrenechea, CEO & CTO
Products Enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, discovery and analytics software
Revenue Increase US$ $2.29 billion (FY 2017)
Number of employees
14,467 (as of March, 2017)
Website www.opentext.com, blogs.opentext.com

OpenText Corporation (also written opentext) is a Canadian company that develops and sells enterprise information management (EIM) software.

OpenText, headquartered in Waterloo, Ontario, Canada, is Canada's largest software company as of 2014 and recognized as one of Canada's Top 100 Employers 2016 by Mediacorp Canada Inc.

OpenText software applications manage content or unstructured data for large companies, government agencies, and professional service firms. OpenText aims its products at addressing information management requirements, including management of large volumes of content, compliance with regulatory requirements, and mobile and online experience management.

OpenText employs over 10,000 people worldwide and is a publicly traded company, listed on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTEX).

OpenText Corporation was founded in 1991 by University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet. It was a successor to OpenText Systems Inc., founded in 1989. The company was spun off from a University of Waterloo project that developed technology to index the Oxford English Dictionary.

Key people involved later include Tom Jenkins, who joined the company as COO in 1994. Tom Jenkins later became President and Chief Executive Officer, and has been Executive Chairman since 2013. John Shackleton served as President from 1998–2011, and as CEO from 2005 - 2011. Mark Barrenechea has been President and CEO of OpenText since 2012. Mark Barrenechea was named Canadian Business CEO of the year in 2015. From January 2016, Steve Murphy served as the President, however the position was made redundant in 2017 Q1.

OpenText is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.

In August 2016, OpenText was recognised by the consulting firm PWC as being number 1 in their "Fastest Growing Cloud Companies" report

On September 12, 2016, OpenText, acquired Dell EMC's ECD division—which included Documentum, an enterprise content management suite—for $1.6B USD.

RedDot, founded in 1993, is a business unit of OpenText Corporation that the company refers to as the Web Solutions Group. The software assists in the management of content, with regulatory compliance and industry specific requirements.

Its core product, RedDot CMS is a Windows-based server application that provides Web content management in a multi-user environment. Complementary to the CMS or as a standalone product, LiveServer aggregates disparate document resources and serves them as Web pages.

Red dots on the authoring interface indicated sections of editable content for each web page, hence the name RedDot for the product. This feature was popular with customers and won awards in 2001 for its usability. By 2006 RedDot was one of the few WCM vendors that continued to develop their own content authoring interface. Most other WCM vendors had moved to open source alternatives, or had licensed an online rich-text editor from commercial vendors such as Ephox or Ektron. In response to customer attempts to work around the limitations of the RedDot editor by installing other editors RedDot developed an integration layer to support CKeditor and Ephox EditLive! as alternative editors. In 2009 RedDot (now the OpenText Web Solutions Group) made the Telerik RadEditor available alongside the existing RedDot editor for CMS 9.

The growth of OpenText has largely been through acquisitions. Notable acquisitions include:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2022-11-02 Future report Set alerts
Q4 2022 2022-08-04 0.80 0.80
Q3 2022 2022-05-04 0.70 0.70
Q2 2022 2022-02-03 0.89 0.89
Q1 2022 2021-11-04 0.83 0.83
Q4 2021 2021-08-05 0.80 0.80
Q3 2021 2021-05-06 0.75 0.75
Q2 2021 2021-02-04 0.95 0.95
Q1 2021 2020-11-05 0.89 0.89
Q4 2020 2020-08-06 0.80 0.80

Ratings

2016-06-21 Boost Price Target RBC Capital Outperform $60.00 to $70.00
2016-06-21 Boost Price Target Royal Bank Of Canada Outperform $60.00 to $70.00
2016-05-25 Upgrade CIBC Sector Perform to Outperform
2016-05-17 Reiterated Rating TD Securities Buy $60.00 to $63.00
2016-05-17 Reiterated Rating RBC Capital Outperform $74.00 to $77.50
2016-05-13 Reiterated Rating Credit Suisse Hold $49.00
2016-05-13 Reiterated Rating Credit Suisse Group AG Hold $49.00
2016-05-01 Reiterated Rating TD Securities Buy $58.00 to $60.00
2016-05-01 Reiterated Rating Barclays Overweight
2016-05-01 Reiterated Rating Barclays PLC Overweight
2016-04-28 Boost Price Target Benchmark Co. Buy $55.00 to $65.00
2016-04-28 Reiterated Rating BMO Capital Markets Hold
2016-04-19 Reiterated Rating Credit Suisse Hold $47.00
2016-04-04 Initiated Coverage TD Securities Buy $58.00
2016-02-10 Boost Price Target BMO Capital Markets Market Perform $47.00 to $50.00
2016-02-10 Boost Price Target Barclays Overweight $55.00 to $56.00
2016-02-10 Reiterated Rating RBC Capital Outperform $55.00 to $57.00
2015-11-02 Lower Price Target BMO Capital Markets Market Perform $47.00 to $43.00
2015-10-29 Boost Price Target CIBC Sector Performer $48.50 to $51.00
2015-10-29 Boost Price Target Barclays Overweight $50.00 to $55.00
2015-10-26 Boost Price Target BMO Capital Markets Market Perform $43.00 to $47.00
2015-07-31 Boost Price Target Scotiabank $49.00 to $52.00
2015-07-30 Upgrade RBC Capital Sector Perform to Outperform $50.00 to $55.00
2015-07-28 Lower Price Target Barclays Overweight $56.00 to $50.00
2015-05-22 Lower Price Target Barclays Overweight $61.00 to $56.00
2015-05-21 Lower Price Target Susquehanna Neutral $48.00 to $44.00
2015-05-21 Lower Price Target RBC Capital Sector Perform $55.00 to $50.00
2015-05-21 Lower Price Target Benchmark Co. Buy $63.00 to $55.00
2015-04-29 Reiterated Rating Credit Suisse Neutral $60.00 to $51.00
2015-04-29 Downgrade CIBC Outperform to Sector Perform
2015-04-29 Lower Price Target RBC Capital Sector Perform $60.00 to $55.00
2015-02-25 Initiated Coverage Dundee Securities Buy $68.00
2015-01-28 Lower Price Target Barclays Overweight $65.00 to $63.00
2015-01-28 Downgrade Credit Suisse Outperform to Neutral $65.00 to $60.00
2014-11-18 Initiated Coverage Barclays Overweight $65.00
2014-07-31 Boost Price Target TD Securities Buy C$57.50 to C$68.00
2014-07-31 Upgrade Credit Suisse Neutral to Outperform $61.00 to $65.00
2014-07-11 Downgrade RBC Capital Outperform to Sector Perform $60.00 to $55.00
2014-06-26 Set Price Target CIBC $55.00 to $60.00
2014-01-24 Reiterated The Benchmark Company Buy $95 to $125
2014-01-24 Reiterated RBC Capital Mkts Outperform $110 to $120
2014-01-24 Boost Price Target BMO Capital Markets Market Perform C$90.00 to C$98.00
2014-01-24 Boost Price Target TD Securities Buy C$100.00 to C$115.00
2014-01-24 Boost Price Target RBC Capital Outperform $110.00 to $120.00
2014-01-24 Boost Price Target Benchmark Co. Buy $95.00 to $125.00
2013-12-12 Downgrade Pi Financial Buy to Neutral
2013-12-05 Upgrade Susquehanna Negative to Neutral $55.00 to $80.00
2013-11-22 Reiterated The Benchmark Company Buy $85 to $95
2013-11-22 Boost Price Target Benchmark Co. Buy $85.00 to $95.00
2013-11-21 Reiterated RBC Capital Mkts Outperform $85 to $90
2013-11-21 Boost Price Target RBC Capital Outperform $85.00 to $90.00
2013-11-06 Boost Price Target Scotiabank Outperform C$85.00 to C$97.00
2013-10-31 Boost Price Target TD Securities Buy C$80.00 to C$90.00
2013-10-31 Reiterated Rating BMO Capital Markets Market Perform $82.00 to $74.00
2013-09-23 Reiterated Rating CSFB Underperform to Neutral
2013-09-23 Upgrade Credit Suisse Underperform to Neutral $61.00 to $75.00
2013-07-31 Upgrade The Benchmark Company Hold to Buy $85
2013-05-17 Reiterated RBC Capital Mkts Outperform $70 to $85
2013-04-22 Reiterated BMO Capital Markets Market Perform $62 to $60
2013-01-25 Reiterated BMO Capital Markets Market Perform $58 to $62
2013-01-22 Reiterated BMO Capital Markets Market Perform $55 to $58
2013-01-22 Downgrade Stifel Nicolaus Buy to Hold
2012-09-06 Reiterated The Benchmark Company Hold $48 to $52
2012-05-01 Downgrade RBC Capital Mkts Outperform to Sector Perform $75 to $65
2012-02-02 Upgrade Stifel Nicolaus Hold to Buy $66
2011-09-23 Upgrade The Benchmark Company Sell to Hold
2011-08-16 Resumed Morgan Keegan Outperform $64
2011-08-11 Reiterated The Benchmark Company Sell $56 to $52
2011-04-28 Downgrade The Benchmark Company Hold to Sell $56
2011-04-26 Reiterated Wedbush Neutral $55 to $65
2011-02-03 Upgrade RBC Capital Mkts Sector Perform to Outperform $55 to $65
2011-02-03 Reiterated Wedbush Neutral $48 to $55
2016-06-21 Boost Price Target RBC Capital Outperform $60.00 to $70.00
2016-06-21 Boost Price Target Royal Bank Of Canada Outperform $60.00 to $70.00
2016-05-25 Upgrade CIBC Sector Perform to Outperform
2016-05-17 Reiterated Rating TD Securities Buy $60.00 to $63.00
2016-05-17 Reiterated Rating RBC Capital Outperform $74.00 to $77.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks