TSE:OTEX
58.36
0.71
(1.23%)
OpenText Corporation is a Canadian company that develops and sells enterprise information management software.
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Open Text
OTEX-T
Analysis and Opinions about OTEX-T
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Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
June 10, 2020
It is always on their radar and he kicks himself for not buying on the recent sell off. Very much a leader in information management services, especially under the trend in working from home. He had an entry point in the lower $30s, so he will have to wait to buy on weakness. They picked up a few companies that have expanded their cloud margins and cross-selling opportunities.
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It is always on their radar and he kicks himself for not buying on the recent sell off. Very much a leader in information management services, especially under the trend in working from home. He had an entry point in the lower $30s, so he will have to wait to buy on weakness. They picked up a few companies that have expanded their cloud margins and cross-selling opportunities.
PAST TOP PICK
PAST TOP PICK
June 3, 2020
(A Top Pick May 07/19, Up 12%) At the time he thought they would make an acquisition and they did, adding a cloud based company. They install and sell cloud services. As they continue moving into the cloud the multiples will continue to rise.
Show full opinionHide full opinion(A Top Pick May 07/19, Up 12%) At the time he thought they would make an acquisition and they did, adding a cloud based company. They install and sell cloud services. As they continue moving into the cloud the multiples will continue to rise.
TOP PICK
TOP PICK
May 29, 2020
A large company with $15 billion marketcap. They are involved in data search and capture. The dividend is well covered with only a 21% payout ratio of cash flow. Recent quarterly reported a 13% sales growth. Earnings expected to grow by 14% next year. Yield 1.7% (Analysts’ price target is $62.21)
Show full opinionHide full opinionA large company with $15 billion marketcap. They are involved in data search and capture. The dividend is well covered with only a 21% payout ratio of cash flow. Recent quarterly reported a 13% sales growth. Earnings expected to grow by 14% next year. Yield 1.7% (Analysts’ price target is $62.21)
WAIT
WAIT
May 25, 2020
Tech is looking a little overvalued at presence and he has started trimming back. Look for a pullback before buying. This one would be a buy then.
Show full opinionHide full opinionTech is looking a little overvalued at presence and he has started trimming back. Look for a pullback before buying. This one would be a buy then.
BUY WEAKNESS
BUY WEAKNESS
May 6, 2020
It is involved in enterprise information management software. They are a darling in the space. Users of their software are the largest users in the space. They picked up some interesting companies to expand cloud revenues. Yesterday, they bought a company out of Quebec that offers a great cross-selling opportunity. He has a target of $43, but is looking to buy in the low $30s.
Show full opinionHide full opinionIt is involved in enterprise information management software. They are a darling in the space. Users of their software are the largest users in the space. They picked up some interesting companies to expand cloud revenues. Yesterday, they bought a company out of Quebec that offers a great cross-selling opportunity. He has a target of $43, but is looking to buy in the low $30s.
COMMENT
COMMENT
May 6, 2020
Canadian tech? OTEX and SHOP would be good Canadian tech companies, along with CSU. All well situated for the cloud and e-commerce. He expects to see a market correction, so would wait for lower pricing.
TOP PICK
TOP PICK
May 1, 2020
They reported Q3 earnings last night and they were strong results. They do enterprise content and information management through site and cloud based delivery. They have 10,000 companies and 97% of revenue comes from outside Canada. Over 20 years their ROE has averaged over 14% -- triple the TSX average. They are partnering with Amazon web services. Boring tech can be beautiful. Yield 1.86% (Analysts’ price target is $62.51)
They reported Q3 earnings last night and they were strong results. They do enterprise content and information management through site and cloud based delivery. They have 10,000 companies and 97% of revenue comes from outside Canada. Over 20 years their ROE has averaged over 14% -- triple the TSX average. They are partnering with Amazon web services. Boring tech can be beautiful. Yield 1.86% (Analysts’ price target is $62.51)
BUY
BUY
April 9, 2020
On-premise and cloud based business tools that are not discretionary. It is a fairly innovative company and they grow by acquisition. The financial strength is good but there is a law suit regarding taxes. Longer term they should grow double digits. It has held up well in the selloff.
Show full opinionHide full opinionOn-premise and cloud based business tools that are not discretionary. It is a fairly innovative company and they grow by acquisition. The financial strength is good but there is a law suit regarding taxes. Longer term they should grow double digits. It has held up well in the selloff.
TOP PICK
TOP PICK
March 10, 2020
A cloud IT services company. Very profitable as a rapid growth by acquisition story, spending $6.2 billion in the last 5-6 years. Good valuation and are operating in a growing market. They have 10,000 unique clients in 100 countries, so little concentration risk. (Analysts’ price target is $69.52)
Show full opinionHide full opinionA cloud IT services company. Very profitable as a rapid growth by acquisition story, spending $6.2 billion in the last 5-6 years. Good valuation and are operating in a growing market. They have 10,000 unique clients in 100 countries, so little concentration risk. (Analysts’ price target is $69.52)
PAST TOP PICK
PAST TOP PICK
February 24, 2020
(A Top Pick Nov 14/19, Up 4%) This does well during volatility. He owns a lot of it. This needs to hold above $60 or else it falls into the low-$50s. Trades at light volumes, so can be volatile.
Show full opinionHide full opinion(A Top Pick Nov 14/19, Up 4%) This does well during volatility. He owns a lot of it. This needs to hold above $60 or else it falls into the low-$50s. Trades at light volumes, so can be volatile.
BUY
BUY
February 18, 2020
He just bought a lot of this and likes tech, especially those that grow by acquiring like OTEX. It's been good at finding additional products to include in their packages. He likes this for the long-haul. Tech is a safe space in the coming 12-18 months. Canadian tech is cheaper than the U.S. FAANGs, though he owns Netflix and Disney.
He just bought a lot of this and likes tech, especially those that grow by acquiring like OTEX. It's been good at finding additional products to include in their packages. He likes this for the long-haul. Tech is a safe space in the coming 12-18 months. Canadian tech is cheaper than the U.S. FAANGs, though he owns Netflix and Disney.
BUY WEAKNESS
BUY WEAKNESS
February 14, 2020
He sold it recently. They are a leader in enterprise resource planning. It reached his price target at $62 and he took profit. He would love to buy in again on weakness.
Show full opinionHide full opinionHe sold it recently. They are a leader in enterprise resource planning. It reached his price target at $62 and he took profit. He would love to buy in again on weakness.
PAST TOP PICK
PAST TOP PICK
February 7, 2020
(A Top Pick Feb 11/19, Up 29%) They continue to grow by acquisition. He thinks they will do will well going forward. He owns it personally.
Show full opinionHide full opinion(A Top Pick Feb 11/19, Up 29%) They continue to grow by acquisition. He thinks they will do will well going forward. He owns it personally.
TOP PICK
TOP PICK
February 7, 2020
They just bought Carbonite, which is a leading provider of cloud-based back-up. Their cloud business will continue to rise and grow even faster going forward. You will then see an earnings explosion if they grow quickly. They have owned it for 5 years and continues to buy. (Analysts’ price target is $68.69)
Show full opinionHide full opinionThey just bought Carbonite, which is a leading provider of cloud-based back-up. Their cloud business will continue to rise and grow even faster going forward. You will then see an earnings explosion if they grow quickly. They have owned it for 5 years and continues to buy. (Analysts’ price target is $68.69)
TOP PICK
TOP PICK
January 28, 2020
He just bought it. He likes the tech space. OTEX is the biggest generator in information management done through software. Info analysis is key for companies to compete globally. OTEX is also in the cloud and supply-chain logistics. All tailwinds. Trades at a low 15x earnings. (Analysts’ price target is $63.57)
Show full opinionHide full opinionHe just bought it. He likes the tech space. OTEX is the biggest generator in information management done through software. Info analysis is key for companies to compete globally. OTEX is also in the cloud and supply-chain logistics. All tailwinds. Trades at a low 15x earnings. (Analysts’ price target is $63.57)
Open Text(OTEX-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 26
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 28
Open Text(OTEX-T) Frequently Asked Questions
What is Open Text stock symbol?
Open Text is a Canadian stock, trading under the symbol OTEX-T on the Toronto Stock Exchange (OTEX-CT). It is usually referred to as TSX:OTEX or OTEX-T
Is Open Text a buy or a sell?
In the last year, 28 stock analysts published opinions about OTEX-T. 26 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. Read the latest stock experts' ratings for Open Text.
Is Open Text a good investment or a top pick?
Open Text was recommended as a Top Pick by Kim Bolton on 2020-06-10. Read the latest stock experts ratings for Open Text.
Why is Open Text stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Open Text worth watching?
28 stock analysts on Stockchase covered Open Text In the last year. It is a trending stock that is worth watching.
What is Open Text stock price?
On 2020-07-02, Open Text (OTEX-T) stock closed at a price of $58.36.
