Stock is in free fall
How low can it go before OT gets taken over for ten bucks a share
24 replies (most recent on top)
With a former IBM leader, OpenText will try to become a consulting firms The eight most terrifying words in the English language are: 'I'm from OpenText, and I'm here to help.”
@q2 Agreed. Mark B’s don’t understand it, so ki-l or starve it mentality, certainly hastened the demise.
@py we are a collection of dying legacy software companies (Micro Focus, Carbonite, Documentum) struggling to pay off a credit card bill.
Still in free fall.
Previous promises, statements and a shiny new CEO are already baked in.
In lots of ways, no one is buying what OpenText is selling….
https://simplywall.st/stocks/us/software/nasdaq-otex/open-text/news/will-opentexts-ibm-trained-new-ceo-reframe-its-ai-strategy-a/amp
The company remains an SAP shop, but under Antoun, the goal is to remove the humans operating the software and replace them with AI agents.
After productive marketable assets are sold, there will be nothing left but debt and dead products nobody wants.
Who wants to buy that?
Nobody. Look out below. Any upward movement of this stock is due to ignorant buyers.
As someone said yesterday, the main company won't be sold as it carries too much debt to interest anyone
@dn That OT is going to be parted out and sold off. OT is not long for this world. It is going the way of the dodo and Radio Shack Cue Cats.
Telling us what for months ?
@a5 I've been telling y'all that for months. Wake the F up.
Market doesn't like this CEO...
Wonder why Intact Mgmt purchased so many shares https://www.marketbeat.com/instant-alerts/filing-intact-investment-management-inc-acquires-572540-shares-of-open-text-corporation-otex-2026-01-26/ wonder if they know private equity is going to purchase us?
Cooke & Bieler LP sold over 1.7 million shares & Royal Bank of Canada (RBC) cut its price target for OpenText to $33.00.. so not sure.
The current pain (layoffs, cost-cutting, divestitures) is largely seen by investors as the "cleanup" phase of Mark B’s 13-year acquisition strategy.
Mark's Strategy: "Buy everything, get big, ignore complexity."
Current Strategy: "Sell the junk, pay the debt, simplify."
We are too far gone to be saved.
This company fu--ing su-ks and the only people who benefit are the execs with golden parachutes
The remaining ones are trying as hard as possible to pump the price up with whatever cost cutting they can think of
@OP
Yes, you are right!
OT stock is almost in freefall.
Over the last 6 months (post MB exit) stock was down 9.10%..
YTD however (ie: this month alone) down over 17%.
As another poster accurately put it..Wall Street hates uncertainty...and it seems like OT Leadership keeps committing pedi-cide..(shooting themselves in the foot)
with all the high profile exits, policy announcements..and AI hype (when most of the industry knows OT missed the boat on AI).
These are desperate moves and Shareholders can see right thru all the BS.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OTEX in relation to earlier this year.
https://www.theglobeandmail.com/investing/markets/stocks/OTEX-Q/pressreleases/37263072/rbc-capital-sticks-to-their-hold-rating-for-open-text-otex/
@am the house always wins. The ELT will all leave with golden parachutes and they want to get rid of us with no severance.
SentinelOne appointed Mark B to their board back in Dec. Check out how their stock price has been doing immediately following that. Maybe they would be interested in Carbonite? SEC filings show him dumping over 20M worth of OTEX over the last 7-8 months. The whole thing is a hustle for these ghouls. Get on getting out of there for your own sake.
Markets hate uncertainty. Replacing an EVP of Product (Savinay Berry) and shuffling the entire Engineering/AI structure while having an Interim CEO (James McGourlay) looks chaotic. The pivot to "four core areas" and the aggressive RTO mandate may be interpreted by investors as defensive moves to protect margins rather than offensive moves to generate growth. Attempting a massive re-org, a sales leadership change, and a contentious Return-to-Office plan simultaneously creates a high risk of execution failure and talent drain.
@OP The company has roughly $6B of debt, no growth, and no innovation. Who would want to touch it at even $10 per share? The company missed the SaaS and AI train years ago.
Not good, wow!
Lower share price equals more layoffs normally.
Non-core are so lucky!
Bleak.
If this carries on we are going to be scrapped for parts.