Citigroup Initiates Coverage On Open Text with Neutral Rating, Announces Price Target of $34
Citigroup analyst Steven Enders initiates coverage on Open Text (NASDAQ:OTEX) with a Neutral rating and announces Price Target of $34.
Why Everbridge Jumped Over 17%; Here Are 90 Biggest Movers From Friday
Gainers
Micro Focus International plc (NYSE: MFGP) shares surged 92% to close at $6.01 on Friday after the company reached an agreement with OpenText to be acquired for $6 billion.
Stocks That Hit 52-Week Lows On Friday
During Friday's session, 132 stocks hit new 52-week lows.
OpenText To Acquire Micro Focus International plc For $6B
About the Terms of the Acquisition (all figures approximate)
Earnings Scheduled For August 4, 2022
Companies Reporting Before The Bell
• Toyota Motor (NYSE:TM) is projected to report earnings for its first quarter.
Looking Into Open Text’s Return On Capital Employed
Pulled from Benzinga Pro data, Open Text (NASDAQ:OTEX) showed a loss in earnings since Q2, totaling $74.72 million. Sales, on the other hand, increased by 0.63% to $882.28 million during Q3.