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Open Text Corporation, a Canadian information management software and services provider, offers a comprehensive platform that delivers secure and scalable solutions for enterprises, SMBs, and governments globally. Its integrated portfolio includes various clouds such as Content, Cybersecurity, and AI, enabling organizations to enhance workflows, automate processes, and optimize digital supply chains. Recently, UBS downgraded its view on the company to Neutral.
JARISLOWSKY FRASER Ltd increased its stake in Open Text by 5.1%, owning 15.7 million shares valued at $471.4 million, while National Bank of Canada FI raised its holdings by 17.5% to 4 million shares worth $120.4 million. Analysts have given Open Text a "Hold" rating, with a consensus target price of $35.55, despite recent earnings exceeding expectations. The company reported a quarterly revenue of $1.27 billion, down 11% year-over-year, with a net margin of 8.35%.
JARISLOWSKY FRASER Ltd increased its stake in Open Text by 5.1%, owning 15.7 million shares valued at $471.4 million, while National Bank of Canada FI raised its holdings by 17.5% to 4 million shares worth $120.4 million. Analysts have given Open Text a "Hold" rating, with a consensus target price of $35.55, despite recent earnings exceeding expectations. The company reported a quarterly revenue of $1.27 billion, down 11% year-over-year, and a net margin of 8.35%.
Oracle Corporation's acquisition of Cerner for $28.3 billion is set to transform healthcare delivery by enhancing medical information systems, reducing administrative burdens, and improving patient privacy and outcomes. The healthcare data monetization market is projected to grow significantly, reaching $1.7 billion by 2028, driven by the widespread adoption of electronic health records. North America leads this market, with key players including Google, Microsoft, and Siemens.
Open Text Corporation
Companies
| Symbol | OTEX |
| Name | Open Text Corporation |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Software & Services |
| Industry | Software |
| Market | NASDAQ Global Select |
| Country | Canada |
| State | ON |
| City | Waterloo |
| Zipcode | N2L 0A1 |
| Website | http://www.opentext.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Open Text Corporation Receives Neutral Rating Downgrade from UBS
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Open Text Sees Increased Institutional Investment Amid Mixed Analyst Ratings
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open text sees increased institutional investment amid mixed analyst ratings
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racle acquisition of cerner to transform healthcare data monetization market
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