Open Text (OTEX) Scheduled to Post Earnings on Wednesday
Open Text (NASDAQ:OTEX) will announce its Q114 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $334.51 million for the quarter.
Open Text (NASDAQ:OTEX) last released its earnings data on Wednesday, July 31st. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.01. The company had revenue of $347.30 million for the quarter, compared to the consensus estimate of $361.05 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts expect Open Text to post $5.77 EPS for the current fiscal year and $6.23 EPS for the next fiscal year.
Open Text (NASDAQ:OTEX) opened at 77.27 on Tuesday. Open Text has a 52-week low of $50.51 and a 52-week high of $73.77. The stock’s 50-day moving average is $69.05 and its 200-day moving average is $65.56. The company has a market cap of $4.514 billion and a price-to-earnings ratio of 30.78.
Several analysts have recently commented on the stock. Analysts at CSFB reiterated a “neutral” rating on shares of Open Text in a research note to investors on Monday, September 23rd. On a related note, analysts at Credit Suisse upgraded shares of Open Text from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $75.00 price target on the stock, up previously from $61.00. Finally, analysts at Paradigm Capital upgraded shares of Open Text from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $84.00 price target on the stock, up previously from $75.00. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Open Text currently has an average rating of “Hold” and an average price target of $73.42.
Open Text Corporation (NASDAQ:OTEX), is engaged in providing a suite of information management software products.
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