National Bank Financial Initiates Coverage on Open Text Corporation (USA) to Outperform

National Bank Financial Initiates Coverage on Open Text Corporation (USA)(NASDAQ:OTEX). The shares have been rated Outperform. The rating by National Bank Financial was issued on Sep 27, 2016.

In a different note, On Sep 13, 2016, BMO Capital said it Upgrades its rating on Open Text Corporation (USA). The shares have been rated ‘Outperform’ by the firm. On Sep 12, 2016, Dundee said it Upgrades its rating on Open Text Corporation (USA). The shares have been rated ‘Buy’ by the firm.

Open Text Corporation (USA) (OTEX) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.03% at a volume of 2,65,164. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.53. The peak price level was also seen at $65.53 while the days lowest was $64.8. Finally the shares closed at $64.86. The 52-week high of the shares is $66.84 while the 52-week low is $41.93. According to the latest information available, the market cap of the company is $7,877 M.

Open Text Corporation (USA)(OTEX) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $483.80M. Analysts had an estimated revenue of $482.67M. Earnings per share were $0.89. Analysts had estimated an EPS of $0.94.

Open Text Corporation is a Canada-based company operating in enterprise information market (EIM). The Company provides software products and services to organizations in finding utilizing and sharing business information. The Company’s products and services include enterprise content management (ECM) business process management (BPM) customer experience management (CEM) information exchange (iX) discovery and analytics and reporting. Its ECM solutions include content management archiving and core among others. Its BPM solutions include process suite platform capture and recognition systems and process suite solutions. Its CEM solutions include Web content management digital asset management and portal. Its iX solutions include business-to-business (B2B) integration fax solutions and secure messaging. Its discovery solutions include search and InfoFusion. Its analytics and reporting solutions include embedded analytics and reporting and advanced analytics.

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