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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