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-0.000215610176800302 -0.00107805088400166 -0.00323415265200514 -0.00431220353600696 0 0 0 0
Stock impact report

Open Text (OTEX) Price Target Reduced by $3 [Yahoo! Finance]

Open Text Corporation - Common Shares (OTEX) 
Last open text corporation - common shares earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.opentext.com/investor-relations
Company Research Source: Yahoo! Finance
Open Text Corporation (NASDAQ:OTEX) develops software that helps large organizations manage information securely and put it to work across cloud, security, and AI workflows. The business leans heavily on recurring revenue from subscriptions and support, which can help smooth results when customer spending becomes uneven. On January 16, CIBC analyst Stephanie Price cut her price target on Open Text Corporation (NASDAQ:OTEX) to $37 from $40 and kept a Neutral rating. She said the stock is likely to stay in focus this quarter after the company issued weaker-than-expected Q2 guidance in the prior period. Attention now shifts to Q3, where the Street is looking for about 2% growth. CIBC also expects investors to watch closely for updates on potential non-core asset sales. OpenText continues to push deeper into cloud services and secure information management tied to AI. Enterprise customers still need better governance, stronger security, and more automation as data volumes grow. At th Show less Read more
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