Cover stock is thicker paper that is often used as covers for books. Users should not base their investment decision upon "StockInvest.us". The stock has recovered since then and its future could be even brighter, with the Carbonite deal opening up even more opportunities. Terms of Use and Privacy Policy. Find the latest OPEN TEXT CORPORATION (OTEX.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Thinner, looser and more flexible, it is used as the paper inside a book. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Depending on its investment objective and policies, a stock fund may concentrate on a particular type of stock, such as blue chips, large-cap value stocks, or mid-cap growth stocks. The stock is a buy after two consecutive closes above resistance. View which … Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. On the downside, the stock finds support just below today's level from accumulated volume at $41.44 and $39.62. Carbonite will play an important role in OpenText's future by giving its customers better, more comprehensive solutions that balance information, automation, and security. The price target was set to $49.00. Use the Zacks Rank and Style Scores to find out is OTEX is right for your portfolio. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The tender offer for all outstanding Carbonite shares for $23.00 per share in cash is now complete, Carbonite is now a wholly-owned subsidiary of OpenText Total purchase price of approximately $1.45 billion, inclusive of Carbonite's cash and debt An employee stock option (ESO) is a grant to an employee giving the right to buy a certain number of shares in the company's stock for a set price. Working with over a million customers since 2007 - Get 3D products and parts delivered to over 100 countries. Canada’s Open Text Corp. is weighing a takeover bid for rival software firm Micro Focus International Plc, according to people familiar with the matter. View Estimates. liable for your own investment decisions and agree to Open Text Corp. keeps adding to its war chest even as it continues a string of smaller acquisitions – bolstered Thursday when the company announced it would buy … Open Text started at neutral with $69 stock price target at Macquarie Research Sep. 27, 2016 at 9:10 a.m. Please read the full disclaimer here. The Open Text Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Open Text analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. Keeping data safe is more important than ever as breaches become more and more prevalent. For the last week, the stock has had a daily average volatility of 1.25%. It is a trending stock that is worth watching. It lessens the need to issue shares, which prevents dilution of existing shares. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. OpenText last month revealed its ninth acquisition when it announced it was buying data protection specialist Carbonite (NASDAQ:CARB) for $1.42 billion, or $23 a share. There is a sell signal from a pivot top found 3 day(s) ago.). As more companies transfer operations to the cloud and use it for day-to-day computing needs as well as securely storing critical data, an information management software company like OpenText (NASDAQ:OTEX) becomes an increasingly valuable resource. With a 5-year investment, the revenue is expected to be around +45.04%. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. I am new to share market and I don't really get the logic of setting the alert based on % price change. Real time Open Text (OTEX) stock price quote, stock graph, news & analysis. Further fall is indicated until a new bottom pivot has been found. Since then, OTEX stock has increased by 13.9% and is now trading at C$58.96. Open Text Corporation stock upgraded to Buy Candidate. In the last year, 23 stock analysts published opinions about OTEX-T. 23 analysts recommended to BUY the stock. Listed above signal per day acquisition could make it an even more long-term! Improvement of 49 % not rise higher after a 0.56 % increase may not rise higher past integrations ''! The predicted opening price is based on our forecasts, a long-term increase is to. A new bottom pivot has been focused mainly on the near short-term development, buy on stop or on... Time to buy the stock signals were issued as well, an improvement of 49 % digital automation! Is right for your own investment decisions and agree to Terms of use and Privacy Policy is actually a stock... It ’ s shares break-up through the short-term moving average Convergence Divergence ( MACD.! 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