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Open Text Corporation (OTEX) Jumps: Stock Rises 12.6%

Zacks Equity Research
Updated

Open Text Corporation OTEX was a big mover last session, as the company saw its shares nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $33.50 to $34.81 in the past one month time frame.

The stock gained after the global leader in Enterprise Information Management company announced the keynote speakers for Enfuse 2018.

The company has seen a mixed track record when it comes to estimate revisions of no increase and decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

The stock gained after Open Text currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

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Open Text Corporation Price

Open Text Corporation Price | Open Text Corporation Quote

Another player in the Computer and Technology sector is Aspen Technology, Inc. AZPN, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is OTEX going up? Or down? Predict to see what others think: Up or Down.

Breaking News: Cryptocurrencies Now Bigger than Visa

The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.

Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.

Click here to access these stocks. >>


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Open Text Corporation (OTEX) : Free Stock Analysis Report
 
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