Open Text (OTEX -16.7%) shares slide as margins decline, and earnings and revenue fall short of...

|About: Open Text Corporation (OTEX)|By:, SA News Editor

Open Text (OTEX -16.7%) shares slide as margins decline, and earnings and revenue fall short of estimates. Susquehanna downgrades the stock and cuts its price target, expecting ”incremental” execution risks as OTEX integrates its MetaStorm acquisition while “a growing portion of its deals are projects that we believe are more discretionary and lower in IT priority.”