Open Text Corporation found using ticker (OTEX) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 53 and 38 with a mean TP of 47. Now with the previous closing price of 39.34 this is indicating there is a potential upside of 19.5%. The 50 day moving average now sits at 40.68 and the 200 day MA is 40.33. The company has a market capitalisation of $10,752m. Visit the company website at: http://www.opentext.com
Open Text Corporation provides a suite of software products and services. The company offers content services; business network, a cloud-based platform that facilitates collaboration and exchange of information inside and outside of organizations; artificial intelligence and analytics solutions; and OpenText EIM platform that provides multi-level, multi-role, and multi context security information platforms. It also provides digital process automation, which enables organizations to transform into digital data-driven businesses through automation; Customer Experience Management, a set of processes used to track customer interactions throughout the customer journey; and Discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. In addition, the company offers customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it provides professional services, such as consulting and learning services relating to the implementation, training, and integration of its licensed product offerings into the customers’ systems, as well as cloud services. The company serves organizations, enterprise companies, mid-market companies, and public sector agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, Deloitte Consulting LLP, Tata Consultancy Services, ATOS, and Ernst & Young. The company was founded in 1991 and is headquartered in Waterloo, Canada.