Zacks Investment Research upgraded shares of OPEN TEXT CORP (OTEX) from NEUTRAL to OUTPERFORM on August 15, 2012, with a target price of $55.50.
Open Text Corporation is engaged in development of innovative intranet, extranet and e-Business applications. Since creating one of the first search engines to index the World Wide Web, the company has remained at the forefront of Internet-based technologies. Open Text solutions allow individuals, teams, organizations, and global trading communities to collaborate on projects, share ideas and accelerate innovation to the fastest possible speed. Open Text Corporation is headquartered in Waterloo, Canada.
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