OTEX
Open Text Corporation
OTEX
22.50USD
+1.26%
Oct 06, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $5.4B
- Avg Volume (60D)
- 1.5M
- Revenue Growth YoY
- +1.5%
- Gross Margin
- +73.7%
- Operating Margin
- +20.6%
- Free Cash Flow Yield
- +14.8%
- Distance from 200DMA
- -6.5%
- Next Earnings
- 2026-11-05
- P/E
- 8.5x
- EV / Sales
- 2.0x
60 sessions
FY2026 vs FY2025
Trailing twelve months
Trailing twelve months
Market metrics as of Oct 5, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say cheap; own history is the dissenting view. The published stance is held at fair because net debt above 60% of market capitalisation — refinancing risk may explain the price.
Open Text Corporation has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Company Research
Thesis
OpenText is a diversified enterprise-information-management vendor with a meaningful cybersecurity portfolio, including backup, cloud-to-cloud backup, endpoint/server protection, information archiving, encryption, threat detection, and related data-resilience capabilities.
Opportunity
Moderate opportunity
Enterprise spending on protecting, retaining, recovering, and governing business data across endpoints, servers, cloud applications, and hybrid IT environments as ransomware, compliance, and operational-resilience risks rise.
Key risk
Intense competition in enterprise software and cybersecurity.
Narrative & Theme
Enterprise Cybersecurity Modernization
Part of Data Security and Cyber Recovery, with moderate fit.
Its Cybersecurity Cloud includes Carbonite endpoint, server, and cloud-to-cloud backup, information archiving, encryption, and threat-response capabilities that serve the same enterprise cyber-resilience demand system as Data Security and Cyber Recovery.
Narrative HeatHeating up7.5 / 10
Theme HeatNeutral6.6 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Software - Application
What they do
Open Text Corporation provides enterprise data management solutions globally, enabling organizations to collect, connect, protect, govern, and use data across hybrid IT environments through software and cloud services.
How it earns
Primarily subscription-based revenue from cloud services, software as a service, and managed service arrangements.
Products & services
Cloud services and subscriptions
Software as a service offerings
Data protection and backup solutions
Information archiving
Encryption and threat detection
Customers & end markets
Large enterprises
Organizations requiring data governance and cybersecurity across multiple regions
Market position
Diversified enterprise information management vendor with a meaningful but non-pure-play cybersecurity portfolio.
Demand drivers
Low cyclicality
Driven by ongoing enterprise demand for data security and governance, which is less sensitive to economic cycles.