Open Text Corporation (OTEX) was a big mover last session with its shares rising nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up nearly 10% in the past one-month time frame.
This provider of enterprise information management software and solutions has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Open Text currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the technology sector are American Software, Inc. (AMSWA), CA Technologies (CA) and Oracle Corporation (ORCL). While American Software sports a Zacks Rank #1 (Strong Buy), CA Technologies and Oracle carry a Zacks Rank #2 (Buy).
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