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Stock Market & Financial Investment News

News Breaks
July 2, 2012
09:25 EDTOTEX, OTEX, ESIC, ESICEasyLink Services to host special shareholder meeting
Special Shareholder Meeting to consider and vote upon the merger agreement by the Company of Open Text Corporation and Epic A Acquisition Sub, Inc., an indirect, wholly-owned subsidiary of Open Text will be held in Norcross, Georgia on July 2 at 10 am.
News For OTEX;ESIC From The Last 14 Days
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July 11, 2014
10:00 EDTOTEXOn The Fly: Analyst Downgrade Summary
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06:47 EDTOTEXOpen Text downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded Open Text to Sector Perform due to valuation and said further upside requires hard to achieve forecasts of margin expansion, organic growth and a high sustained historic multiple. The firm adds the company is less likely to make an acquisition near-term given leverage, removing a catalyst. Price target lowered to $55 from $60.

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