|Bid||37.58 x 10000|
|Ask||37.76 x 10000|
|Day's Range||37.81 - 37.92|
|52 Week Range||27.80 - 44.20|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||36.63|
|Forward Dividend & Yield||0.62 (1.64%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||N/A|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
OpenText, a global leader in Enterprise Information Management (EIM), has joined the Blockchain in Transport Alliance (BiTA) to network with companies exploring the use of blockchain technologies across their supply chain operations. BiTA is the leading organization dedicated to determining best practices and standards related to blockchain in the transportation/logistics/supply chain marketplace. OpenText Business Network provides a cloud integration platform connecting people, systems and things to facilitate efficient, secure and compliant collaboration across digital supply chains and business ecosystems.
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
OpenText™ (NASDAQ: OTEX) (TSX: OTEX), a market leader in Enterprise Information Management (EIM) software and solutions, announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of Carbonite, Inc. (NASDAQ: CARB) at a price of U.S. $23.00 per share, through its subsidiary, Coral Merger Sub Inc. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 10, 2019 (the "Merger Agreement"), by and among OpenText, Coral Merger Sub Inc. and Carbonite, which OpenText and Carbonite announced on November 11, 2019.
(Bloomberg) -- Open Text Corp. announced a deal to acquire Carbonite Inc., a provider of data-protection services, for about $800 million in cash, according to a statement.The transaction of $23 per share for the Boston-based Carbonite is a 25% premium to the close of trading Friday. Bloomberg first reported the deal earlier Monday, and that Carbonite was mulling a sale in early September.When restricted share units and other stock interests are taken into account, the equity value of the deal rises to about $884 million, according to a representative for Open Text. Including debt, the enterprise value of the deal is about $1.4 billion.Before Monday, Carbonite’s shares were down about 38% in the past year, after a sharp fall in July when it cut its annual revenue forecast and announced Chief Executive Officer Mohamad Ali had decided to step down. That followed another sell-off in February amid investor concerns about the debt it was taking on to fund its $618 million all-cash takeover of Webroot Inc. in February.Carbonite rose 25% to $22.95 a share in New York trading Monday. Open Text rose 2.4% in Toronto.The company -- named after the fictional substance used to freeze Han Solo in Star Wars -- offers data backup, disaster recovery and other services to people and businesses, deriving most of its revenue from subscription fees, according to its website.Canada’s Open Text Corp was also weighing a takeover bid for rival software firm Micro Focus International Plc, according to people familiar with the matter. Open Text makes software used for searching corporate intranets and managing documents. In 2017, it acquired Dell Technologies Inc.’s enterprise content division for $1.6 billion.J.P. Morgan Chase & Co. acted as financial adviser to Carbonite.(Updates with diluted value share purchase in third paragraph)\--With assistance from Scott Deveau.To contact the reporters on this story: Ed Hammond in New York at email@example.com;Liana Baker in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Ben Scent at email@example.com, Giles Turner, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Carbonite (NASDAQ: CARB ) shares are trading sharply higher after the company announced it would be acquired by OpenText (NASDAQ: OTEX ) for $23 per share in cash, the total purchase price is $1.42 billion. ...
Shares of Carbonite jumped 25% Monday after the data-protection and cybersecurity company confirmed it would be acquired by Open Text for $23 a share cash. The $23 offer price is a 25% premium to Friday's close and a 78% premium to Carbonite's closing stock price on Sept. 5. "Following expressions of interest from multiple parties, the Carbonite board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties," said Steve Munford, Carbonite's interim CEO and executive chairman, in a release.
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
Open Text (NASDAQ: OTEX ) will be releasing its next round of earnings this Thursday, August 1. For all of the relevant information, here is your guide for the Q4 earnings announcement. Earnings and Revenue ...