OTEX Stock Summary and Trading Ideas (Open Text - Common Shares | NASDAQ:OTEX)

Open Text Corp is engaged in the design, development, marketing, and sale of Information Management software and solutions. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). Its platform and services provide secure and scalable solutions for enterprises, SMBs, governments, and consumers around the world. The company's solutions are marketed and delivered on the OpenText Cloud Platform, which is a comprehensive Information Management platform consisting of six business clouds; Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. Geographically, it derives maximum revenue from the United States.

Open Text - Common Shares trades on the NASDAQ stock market under the symbol OTEX.

As of March 5, 2025, OTEX stock price climbed to $26.01 with 1,020,800 million shares trading.

OTEX has a beta of 1.21, meaning it tends to be more sensitive to market movements. OTEX has a correlation of 0.24 to the broad based SPY ETF.

OTEX has a market cap of $6.87 billion. This is considered a Mid Cap stock.

Last quarter Open Text - Common Shares reported $1 billion in Revenue and $1.11 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.18.

In the last 3 years, OTEX traded as high as $45.47 and as low as $24.91.

The top ETF exchange traded funds that OTEX belongs to (by Net Assets): IGV, SKYY, PID, TDIV, IGM.

OTEX has underperformed the market in the last year with a price return of -32.3% while the SPY ETF gained +15.2%. OTEX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.0% and -6.5%, respectively, while the SPY returned -3.7% and -4.6%, respectively.

OTEX support price is $25.11 and resistance is $26.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OTEX shares will trade within this expected range on the day.