A number of research firms have changed their ratings and price targets for Open Text Corp. (NASDAQ: OTEX):
Open Text Corp. (NASDAQ:OTEX) opened at 62.92 on Friday. The stock has a market cap of $7.60 billion, a P/E ratio of 6.64 and a beta of 0.82. The company has a 50-day moving average price of $62.60 and a 200 day moving average price of $61.40. Open Text Corp. has a 1-year low of $41.93 and a 1-year high of $66.84.
Open Text Corp. (NASDAQ:OTEX) last released its earnings results on Thursday, November 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Open Text Corp. had a net margin of 61.45% and a return on equity of 19.43%. The business had revenue of $491.70 million for the quarter, compared to analysts’ expectations of $495.82 million. During the same quarter in the previous year, the business posted $0.84 earnings per share. Open Text Corp.’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts expect that Open Text Corp. will post $4.02 earnings per share for the current fiscal year.