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Open Text Corporation

OTEX · NASDAQ

Market closed$23.27$-0.150000 (-0.64%)After hours $23.08 · -0.83%

Key statistics

Previous close$23.42
Open$23.26
Day high$23.44
Day low$22.94
52-week high$39.90
52-week low$19.78
Market cap5.65B
Volume1.09M
Average volume2.39M
P/E ratio5.62
Forward P/E—
EPS4.14
Dividend yield+4.73%

Market context

Why it moved

OTEX edged lower amid mild profit-taking and broader market caution, with no major company-specific catalyst offsetting ongoing investor uncertainty around Open Text's cloud transition and competitive pressures in the enterprise AI space.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Open Text closed modestly lower, continuing to navigate sector headwinds sparked by IBM's shocking Q2 earnings warning last week, which triggered a broad software stock selloff on fears that AI infrastructure spending is crowding out enterprise software budgets. Adding to the day's backdrop, OpenText made a board-level change, appointing Synopsys CPO Jill Larsen as director while Kristen Ludgate resigned for personal reasons. Despite the noise, analysts note OTEX screens as deeply undervalued at ~10.7x P/E versus a ~28.8x sector average, with AI integration efforts potentially unlocking value if execution holds.

-0.6405

July 17, 2026Open Text shares rose nearly 3% as investors moved past IBM's sector-wide shock and refocused on the company's deep valuation discount ahead of its August 6 earnings report. Analysts note Open Text trades at roughly 10.7x P/E — less than half the ~19.5x peer average — and screens as undervalued across five of six metrics on Simply Wall St's model, with its AI integration and acquisition consolidation efforts seen as potential re-rating catalysts. The gains came despite a tough broader tape for software, where IBM's preliminary Q2 miss last week triggered a sector rout over fears that AI infrastructure spending is crowding out software budgets.

2.9451

July 15, 2026Open Text Corporation shares closed up 1.25% on Tuesday, recovering after falling 4.7% the prior session amid a broad software sector selloff triggered by IBM's historic earnings warning. IBM plunged 25%—its worst day on record—after flagging that enterprise clients were aggressively reprioritizing capex toward servers, storage, and memory over software purchases, dragging peers like Salesforce, ServiceNow, and Adobe sharply lower on Monday. Open Text's partial rebound Wednesday came as investors reassessed the sector's AI headwinds, though GF Value still flags OTEX as undervalued following its recent decline. In after-hours trading, shares are essentially flat.

1.2461

July 14, 2026Open Text closed sharply lower as IBM's stunning Q2 earnings warning — the company's worst single-day drop since 1968 — ignited a broad software sector selloff. IBM disclosed that enterprise clients were slashing software budgets and redirecting capital toward AI-related hardware, servers, and memory purchases, reigniting fears of a 'SaaSpocalypse' for traditional software vendors. With OpenText facing its own upcoming earnings uncertainty, investors fled the stock amid concern that the same capex reprioritization trend squeezing IBM could weigh on OpenText's enterprise content management and information management software revenues.

-4.6669

July 14, 2026Open Text Corporation gained over 2% during the regular session, outperforming the broader software sector as investors look ahead to its upcoming earnings report and reassess the stock's positioning entering Q2 earnings season. The broader software industry faces a 'K-shaped divergence' per Citi's latest outlook, where AI budget concentration is favoring data infrastructure leaders over traditional application software vendors—a category in which OpenText competes. In after-hours trading, shares edged back down roughly 1.4%, tempering the day's gains as broader market caution sets in ahead of a pivotal week featuring bank earnings, TSMC results, and key U.S. inflation data.

2.4337

July 10, 2026Open Text closed essentially flat as investors digest a fresh round of layoffs — its second workforce reduction in 2026 — cutting approximately 400 employees (2% of staff) as part of its ongoing three-year business optimization plan. The cuts follow a 4% reduction in March, adding to over 4,000 jobs shed since 2024, while the company simultaneously reworks its platform around AI and cybersecurity to compete with Microsoft, Oracle, and SAP. With Q4 FY2026 earnings scheduled for August 6, investors are watching whether the cost discipline translates into improved margins.

0.1741

July 9, 2026Open Text closed higher, rebounding alongside a broader software sector recovery as investors weighed the company's ongoing cost-restructuring narrative against a challenging macro backdrop. OpenText confirmed a fresh round of layoffs affecting roughly 400 employees—its second workforce reduction in 2026—as part of its multi-year business optimization plan, which has now seen thousands of jobs cut since 2024. With Q4 FY2026 earnings scheduled for August 6, investors are also watching the company's AI platform pivot and whether its cybersecurity-focused software strategy can help it compete against larger rivals like Microsoft and Oracle amid a partial software sector rebound.

1.7723

July 9, 2026Open Text closed down sharply, weighed by a fresh round of layoffs — the company confirmed it cut approximately 2% of its global workforce (roughly 400 jobs) as part of its ongoing three-year 'business optimization plan.' This marks the fourth significant headcount reduction since 2024, following cuts of 1,200, 1,600, and 880 employees in prior rounds. The move adds to investor concerns about sustained organic weakness, with the stock down nearly 25% over the past year. Analysts trimmed their average price target to $29.00, and insider selling activity over the past year has added caution, even as the stock screens as undervalued relative to GF Value and peers.

-3.0915

Seeking Alpha · July 18, 2026Open Text: A Higher-Yielding Way To Bet On A Recovery In Software (NASDAQ:OTEX)Stock Titan · July 17, 2026OpenText (NASDAQ: OTEX) adds Jill Larsen to board as Kristen Ludgate resignsPR Newswire Canada · July 17, 2026OpenText Appoints Jill Larsen to Board of DirectorsStock Titan · July 17, 2026OpenText Board Changes as Jill Larsen Joins, Kristen Ludgate ResignsSimply Wall Street · July 16, 2026Open Text (OTEX) Stock Looks Undervalued On Earnings But Weak On ReturnsStock Titan · July 9, 2026OpenText schedules Aug. 6 earnings call before Q4 FY2026 resultsPR Newswire · June 12, 2026OpenText to Create 400 Jobs with €105 Million Investment in Cork and Galway to Expand Agentic AI and Sovereign Cloud in EuropeSimply Wall Street · May 15, 2026Investors Can Find Comfort In Open Text's (NASDAQ:OTEX) Earnings Quality
Mt Newswire · July 17, 2026Open Text Appoints Jill Larsen to Board of Directors
Mt Newswire · June 15, 2026OpenText to Create 400 Jobs with 105 Million Euros Investment in Cork and Galway to Expand Agentic AI and Sovereign Cloud in Europe
Benzinga · June 15, 2026Reported Friday, OpenText To Invest €105M Across Cork And Galway Creating 400 Jobs To Advance Agentic AI, Sovereign Cloud And Cybersecurity R&D For EMEA Clients Over Three Years
Benzinga · June 2, 2026Wall Street's Most Accurate Analysts Give Their Take On 3 Information Technology Stocks Delivering High-Dividend Yields
Mt Newswire · May 12, 2026Research Alert: CFRA Maintains Hold Rating On Shares Of Open Text Corporation
Benzinga · May 11, 2026Citigroup Maintains Neutral on Open Text, Lowers Price Target to $25
Mt Newswire · May 11, 2026Open Text Completes $150 Million Vertica Sale to Rocket Software
Benzinga · May 11, 2026Barclays Maintains Equal-Weight on Open Text, Raises Price Target to $27

Peers

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