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Stock Market & Financial Investment News

News Breaks
January 24, 2014
07:04 EDTOTEXOpen Text price target raised to $120 from $110 at RBC Capital
RBC Capital increased its price target on Open Text after the company reported stronger than expected results. The firm thinks that investors are becoming more upbeat about the company's model ,and it keeps an Outperform rating on the shares.
News For OTEX From The Last 14 Days
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January 27, 2015
18:20 EDTOTEXOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
16:10 EDTOTEXOpen Text reports Q2 EPS 97c, consensus 97c
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January 16, 2015
09:38 EDTOTEXOpen Text acquires Actuate Corporation
OpenText announced that, through its wholly-owned subsidiary, Asteroid Acquisition, it has successfully completed its acquisition of Actuate Corporation. Actuate hopes to bring powerful analytics to the OpenText portfolio of products that enable customers to analyze and visualize a broad range of structured, semi-structured, and unstructured data.

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