Open Text Corp entered a material agreement; took on a material financial obligation
SEC 8-KRead source ↗
Open Text Corp is a US-listed company in the application software industry. Its financial year ends in June.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$42
Valuation models combined (2)
Base case. Range ~$6.3–$60. Weighted average of 2 models (forward price-to-earnings vs peers, forward price-to-sales vs peers).
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Open Text Corp valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds152 adding, 143 cuttingOf 43 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 18% in the quarter to 2026-06-30, the 4th beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
Things to watch
- Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 21.5% over 90 days.
Latest results
- Earnings per share
- $1.23 against an average estimate of $1.04: beat by 17.8%
- Share reaction
- -2.8% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate $0.93
Price chart
- 1 day-0.3%
- 1 week-4.0%
- 1 month+19.4%
- This year-15.8%
- 1 year-27.9%
- 5 years-38.7%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 6, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Agreement
- Announcement
Open Text Corp disclosed a material event
SEC 8-KRead source ↗ - Announcement
Open Text Corp disclosed a material event
SEC 8-KRead source ↗ - Announcement
Open Text Corp disclosed a material event
- Announcement
Open Text Corp disclosed a material event
SEC 8-KRead source ↗ - Results
Open Text Corp reported results; disclosed a material event
SEC 8-KRead source ↗ - Leadership
Open Text Corp announced a director or officer change; disclosed a material event
SEC 8-KRead source ↗
Valuation models
We value Open Text Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.07 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no revenue, margin or share count to start from |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$60 ~$49–$99 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$6.3 ~$42–$120 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$42 ~$6.3–$60 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Open Text Corp with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Forecasts and guidance
Next results: November 5, 2026, before the open. Analysts expect revenue of $1.2bn and EPS of $0.93 (range $0.88 to $1.04) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $3.93 | −11% | $5.2bn | −2% |
| Next | $4.28 | +9% | $5.2bn | +2% |
Next year's EPS estimate has moved −21.5% in 90 days, across 12 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −11.9% on 90 days ago. In the last 30 days, 0 analysts raised Open Text Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $4.47 | $5.45 |
| 60 days ago | $3.90 | $4.26 |
| 30 days ago | $3.90 | $4.26 |
| 7 days ago | $3.93 | $4.29 |
| Now | $3.93 | $4.28 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $1.04 | $1.23 | +17.8% |
| Mar 2026 | $0.92 | $1.01 | +9.7% |
| Dec 2025 | $1.03 | $1.13 | +10.2% |
| Sept 2025 | $0.99 | $1.05 | +6.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 4.2% of tradable shares
- Days to cover
- 7.07 at average volume
- Short interest, 1 month
- −37% to October 15, 2026
- Held by institutions
- — of shares
- Held by insiders
- 2.0% of shares
- Employees
- 19,900 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| OTEX | +6% | −36% | +45% | −30% | +19% | −16% |
| Industry peers (median) | −8% | −50% | +19% | +2% | −21% | −14% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| OTEX | 50% | 50% | 67% | 58% | 67% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| OTEX | −17% | −46% | −25% | −36% | −23% | −39% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 3, 2015: 58% from September 2, 2021 to June 22, 2026. Getting back needed a 137% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $19.78 – $36.60
- From 52-week high
- −27.5%
- vs 50-day average
- +9.2%
- vs 200-day average
- +13.0%
- Volatility (1 year)
- 38%
- Beta vs S&P 500
- 0.78
Share price after results
- Next day
- 4 up, 8 down typical move ±7.4%
- After a week
- 3 up, 9 down typical move ±6.6%
- After a month
- 5 up, 7 down typical move ±9.7%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | −2.8% | +0.5% | −3.0% | −5.6% |
| May 7, 2026 | +7.3% | +0.5% | −2.8% | −1.1% |
| April 10, 2026 | +7.3% | +0.9% | +14.2% | +18.7% |
| February 5, 2026 | +6.6% | +0.6% | +0.9% | +10.1% |
| November 5, 2025 | −3.3% | −0.7% | −6.4% | −9.1% |
| August 7, 2025 | +6.8% | +0.7% | +7.2% | +17.7% |
| July 9, 2025 | −3.2% | +0.9% | −6.1% | −6.8% |
| April 30, 2025 | −4.9% | +0.7% | −1.0% | +4.2% |
| February 6, 2025 | −8.3% | −0.6% | −5.5% | −13.6% |
| October 31, 2024 | −14.2% | −1.5% | −12.4% | −9.6% |
| August 1, 2024 | −9.6% | −3.3% | −4.8% | +1.8% |
| May 2, 2024 | −14.4% | +2.2% | −14.8% | −17.5% |
Fundamentals
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Products | $5.2B | ▲ 1.5% |
| Cloud Revenues and Customer Support Revenues | $4.2B | ▲ 1.3% |
| Customer Support | $2.3B | ▼ 2.0% |
| Content Product | $2.2B | ▲ 4.9% |
| Cloud Services and Subscriptions | $2B | ▲ 5.5% |
| Services | $2B | ▲ 5.5% |
| Cybersecurity Enterprise Product | $690M | ▼ 0.4% |
| Licenses | $678M | ▲ 8.4% |
| Business Network Product | $644M | ▲ 1.8% |
| Business Network Cloud Services and Subscriptions | $612M | ▲ 2.8% |
| Content Cloud Services and Subscriptions | $578M | ▲ 20.1% |
| Cybersecurity SMB Consumer Product | $517M | ▼ 4.9% |
| Application Delivery Management Product | $502M | ▲ 5.5% |
| Cybersecurity SMB Consumer Cloud Services and Subscriptions | $468M | ▼ 5.4% |
| IT Operations Management Product | $454M | ▲ 0.4% |
| Professional Service and Other | $322M | ▼ 8.6% |
| Analytics Product | $199M | ▼ 15.3% |
| Application Delivery Management Cloud Services and Subscriptions | $118M | ▲ 11.8% |
| Cybersecurity Enterprise Cloud Services and Subscriptions | $75.5M | ▼ 9.9% |
| Analytics Cloud Services and Subscriptions | $69.7M | ▼ 7.6% |
| IT Operations Management Cloud Services and Subscriptions | $37.4M | ▲ 81.1% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Region | Revenue | YoY |
|---|---|---|
| Americas | $2.9B | ▼ 1.5% |
| Total Americas | $2.9B | ▼ 1.5% |
| United States | $2.6B | ▼ 1.1% |
| EMEA | $1.9B | ▲ 7.4% |
| Restof EMEA | $1.9B | ▲ 7.4% |
| Asia Pacific | $469M | ▼ 1.9% |
| Canada | $207M | ▼ 6.5% |
| All Other Countries | $71.4M | ▲ 1.6% |
These categories overlap or exclude eliminations, so shares aren't shown.
From Open Text Corp's 10-K filed August 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $4.5B
- Institutions reporting
- 270
- Shares held vs prior quarter
- ▲ 6.5%
- Positions opened / closed
- 41 / 58
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| 1832 Asset Management L.P. | $555M | 25.0M | 12.2% | ▼ 8.1% |
| Fil Ltd | $424M | 19.1M | 9.3% | ▲ 11.4% |
| Brandes Investment Partners, LP | $289M | 13.1M | 6.4% | ▲ 7.6% |
| Manufacturers Life Insurance Company, The | $267M | 12.0M | 5.9% | ▲ 17.9% |
| Letko, Brosseau & Associates Inc | $196M | 8.8M | 4.3% | ▲ 13.4% |
| Arrowstreet Capital, Limited Partnership | $185M | 8.4M | 4.1% | ▲ 446.3% |
| Royal Bank Of Canada | $179M | 8.1M | 3.9% | ▼ 17.8% |
| First Trust Advisors LP | $160M | 7.2M | 3.5% | ▼ 2.1% |
| Vanguard Capital Management LLC | $158M | 7.1M | 3.5% | ▲ 1.1% |
| Guardian Capital LP | $113M | 5.1M | 2.5% | ▲ 11.5% |
| Mackenzie Financial Corp | $112M | 3.6M | 2.5% | ▲ 31.8% |
| Morgan Stanley | $97M | 4.4M | 2.1% | ▲ 17.8% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Open Text Corp's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Trades by members of Congress
All 1 trade and filingsNo trades in Open Text Corp disclosed in the last 12 months; 1 earlier trade on record.
- K. Michael ConawaySale (full), $1,001 - $15,000, traded September 12, 2016, filed October 12, 2016
Earnings dates and SEC filings
Results announcements
Next expected around October 21, 2026 estimated from the company's past filing pattern, not announced
- August 6, 2026
- May 7, 2026
- April 10, 2026
- February 5, 2026
- November 5, 2025
- August 7, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-K Annual report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Open Text Corp in brief
- What does Open Text Corp do?
- Open Text Corp is a US-listed company in the application software industry. Its financial year ends in June.
- What is Open Text Corp's stock ticker?
- Open Text Corp trades under the ticker OTEX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Open Text Corp's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are 1832 Asset Management L.P., Fil Ltd and Brandes Investment Partners, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- When is Open Text Corp's next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Open Text Corp announces its own schedule.
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