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Open Text ( (TSE:OTEX) ) has provided an announcement.
On February 2, 2026, OpenText Corporation announced a definitive agreement to divest Vertica, part of its non-core Analytics portfolio, to Rocket Software Inc. for US$150 million in cash, with the proceeds earmarked for debt reduction. Vertica generated about US$80 million in revenue in OpenText’s fiscal year ended June 30, 2025, and under the deal its software, customer contracts, services and associated employees will transfer to Rocket Software, with closing expected during fiscal 2026 subject to customary approvals. The move is positioned as a portfolio rationalization that allows OpenText to sharpen its focus on core cloud and secure data offerings for enterprise AI, reinforce its capital allocation framework and support long-term growth and shareholder value, while aiming to ensure a smooth transition for Vertica customers through cooperation with the buyer.
The most recent analyst rating on (TSE:OTEX) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
Spark’s Take on TSE:OTEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:OTEX is a Outperform.
Open Text’s overall stock score is driven by strong financial performance and positive earnings call highlights, particularly in cloud revenue growth and improved profit margins. However, technical indicators suggest a bearish trend, and valuation metrics are fair but not compelling. The company’s high leverage and challenges in certain segments, such as customer support and cybersecurity, present risks that temper the overall score.
To see Spark’s full report on TSE:OTEX stock, click here.
More about Open Text
OpenText Corporation is a global leader in secure information management for AI, providing technologies that help organizations protect, govern and activate their data to create trusted knowledge bases for enterprise artificial intelligence applications. The company focuses on cloud-based solutions and core products that support secure, strategic data management for large enterprise customers.
YTD Price Performance: -22.19%
Average Trading Volume: 942,721
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$8.76B
Learn more about OTEX stock on TipRanks’ Stock Analysis page.