open text

Open Text Corporation (NASDAQ: OTEX) announced on Thursday that the company's Chief Executive Officer, Mark J. Barrenechea, will continue to serve as CEO and will also assume the role of Chief Technology Officer. Open Text also announced the appointment of Stephen Murphy as President....

Open Text (NASDAQ: OTEX) hosted its fourth quarter conference call following its top and bottom-line beat. Shares of the company traded recently at $55.75, up 15 percent. Quarterly highlights “As a company, our strength and uniqueness sit at the crossroads of information management, B2B...

Raymond James has kept its Outperform rating on Open Text Corporation (NASDAQ: OTEX) in a research report published today. In the report, Raymond James named the following reasons for their decision: “1) IT spending is much improved globally over 2010 with ECM growth expectations of 7-11% through...

Wunderlich is out with its report today on Open Text (NASDAQ: OTEX), raising its PT from $60 to $70. In a note to clients, Wunderlich writes, "OpenText delivered fiscal 3Q11 EPS of $0.90 on revenue of $263 million vs. our estimate for $0.95 on revenue of $229 million; consensus estimates were for...

Benchmark is out with its report today on Open Text (NASDAQ: OTEX), downgrading OTEX from Hold to Sell. In a note to clients, Benchmark writes, "We are lowering our rating on OTEX to Sell from Hold and establishing a $56 price target. Our downgrade is based on our belief that the stock is likely...

Wedbush is out with its report today on Open Text (NASDAQ: OTEX), raising its PT from $55 to $65. In a note to clients, Wedbush writes, "Our new target represents a ~14x multiple (previously 12x) on our CY2011 EPS estimate of $4.56 (17.3x estimated PF EPS of $3.76 using a normalized 29% tax rate...

Wedbush Securities has raised the price target on Open Text (NASDAQ: OTEX) from $55 to $65 and maintains its Neutral rating.

Wunderlich is out with its report today on Open Text (NASDAQ: OTEX), raising its price target from $56 to $60. In a note to clients, Wunderlich writes, "Open Text delivered EPS of $1.21 on revenue of $267.5 million vs. consensus estimates for $1.06 on revenue of $254 million. The upside in the...

The Benchmark Company has downgraded Open Text (NASDAQ: OTEX) from Buy to Hold.

Open Text Corporation (NASDAQ: OTEX)(TSX: OTC), the preeminent provider of enterprise content management (ECM) software, today announced that Open Text Records Management, a fully integrated component of the Open Text ECM Suite, has received the highest possible rating of "Strong Positive" in...