Open Text Corp. (OTEX) reported second quarter non-GAAP EPS of $1.39 after the bell Wednesday, compared to $1.22 last year. The consensus estimate was for EPS of $1.22.
Open Text gapped open sharply higher Thursday morning, but traded in a range for the majority of the session. The stock closed up by 7.73 at $60.35, with volume at over a 5-month high. Open Text rose to nearly a 3-month high and re-crossed its 200-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.