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