Open Text (TSE:OTEX) Issues Earnings Results

Open Text (TSE:OTEX) (NASDAQ:OTEX) posted its quarterly earnings data on Thursday. The company reported C$1.40 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.78 billion during the quarter. Open Text had a return on equity of 10.83% and a net margin of 8.42%.

Open Text Trading Up 4.5%

Shares of Open Text stock opened at C$33.81 on Friday. Open Text has a 52-week low of C$27.63 and a 52-week high of C$56.00. The company has a quick ratio of 1.34, a current ratio of 0.94 and a debt-to-equity ratio of 163.06. The company’s 50-day simple moving average is C$31.67 and its 200-day simple moving average is C$39.72. The firm has a market cap of C$8.42 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93.

Analysts Set New Price Targets

Separately, TD Securities cut their price target on Open Text from C$40.00 to C$28.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Open Text presently has an average rating of “Hold” and an average target price of C$28.00.

Open Text Company Profile

OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management.