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Stock Market & Financial Investment News

News Breaks
July 11, 2014
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.
News For OTEX From The Last 14 Days
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July 29, 2015
19:32 EDTOTEXOn The Fly: After Hours Movers
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17:27 EDTOTEXOpenText announces $200M share buyback
OpenText CEO Mark Barrenechea said, "Today we announced a share buyback of up to $200M and our quarterly dividend of 20c. We also re-affirm our intent to allocate $3B in capital to acquisitions in the coming years."
16:56 EDTOTEXOpenText up 10.3% after reporting Q4 results, expanding partnership with SAP
16:49 EDTOTEXOpenText announces expanded partnership with SAP
OpenText (OTEX) and SAP (SAP) announced they will team up with OpenText to provide B2B managed services capabilities to multi-national businesses. "OpenText is pleased to expand its partnership with SAP to help companies simplify the increasing complexities of trading partners and B2B management," said Mark Barrenechea, president and CEO of OpenText. "We can address the timely and complex integrations that many customers have with their trading partners around the world. SAP, together with Ariba, an SAP company, and OpenText will provide customers a solution that enables them to improve time to revenue, reduce costs and helps to advance the digital transformation that today's leaders are undertaking."
16:18 EDTOTEXOpenText reports Q4 EPS 87c, consensus 69c
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