Media headlines about Open Text (NASDAQ:OTEX) (TSE:OTC) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Open Text earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.6410633764898 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Average True Range Indicator can help out on Open Text Corporation (OTEX) – Wall Street Morning (wallstreetmorning.com)
- OpenText Enterprise World 2018 to Showcase the Intelligent and Connected Enterprise (finance.yahoo.com)
- Head-To-Head Contrast: Open Text (OTEX) and Cheetah Mobile (CMCM) (americanbankingnews.com)
- Open Text (OTEX) Upgraded to “Hold” by BidaskClub (americanbankingnews.com)
OTEX has been the subject of a number of analyst reports. Raymond James Financial cut Open Text to an “underperform” rating and set a $40.00 price target for the company. in a report on Wednesday, November 22nd. BidaskClub cut Open Text from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BMO Capital Markets reissued a “buy” rating and issued a $42.00 price target on shares of Open Text in a report on Thursday, February 1st. Macquarie cut their price target on Open Text from $43.00 to $40.00 in a report on Thursday, November 23rd. Finally, Barclays boosted their price target on Open Text from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Open Text currently has a consensus rating of “Buy” and an average target price of $44.18.
Open Text (NASDAQ:OTEX) (TSE:OTC) last released its quarterly earnings results on Wednesday, January 31st. The software maker reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.13. Open Text had a return on equity of 6.82% and a net margin of 7.20%. The business had revenue of $734.40 million for the quarter, compared to analysts’ expectations of $688.59 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 35.3% compared to the same quarter last year. equities research analysts expect that Open Text will post 0.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, March 1st. Open Text’s payout ratio is currently 74.65%.
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About Open Text
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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