OTEX

Over the past six months, Open Text Corp.'s stock price has experienced a notable decline, with a 35.86% decrease from $35.25 to $22.61 between September 11, 2025, and September 10, 2026. Similarly, on September 16, 2026, the share price of $32.75 was down 35.16% from $50.51 on September 17, 2025, and the stock price decreased by 39.08% over the last year as of September 22, 2026. In August 2026, OpenText reported strong Q4 fiscal year 2026 earnings, with an EPS of $1.23 surpassing estimates and revenue of $1.33 billion exceeding estimates with 2.9% year-over-year growth, including a 6% increase in Cloud revenue to $503 million, leading to a raised quarterly dividend to $0.28 per share. Recent corporate finance activities include a conditional notice issued on September 22, 2026, for the redemption of its outstanding 2027 notes and a potential offering of senior secured notes as part of debt refinancing efforts, alongside a cash tender offer launched on September 23, 2026, to repurchase up to $450 million of its outstanding 3.875% Senior Notes due 2028. A significant strategic event was the partnership announcement with Cohere on September 16, 2026, aimed at combining OpenText's trusted data with Cohere's agentic AI platform for enterprise and government clients, highlighting OpenText's strategic pivot towards AI. Analyst ratings for OTEX currently show a consensus "Hold" rating from 7 to 9 analysts, with some adjusting price targets after recent earnings reports.