The other two companies were KXS and CTS and here's the link to the complete article. GLTA
https://www.adviceforinvestors.com/news/canadian-stocks/3-technology-stocks-to-buy/
3 technology stocks to buy
In a round-up of ‘street’ reviews of technology stocks, The MoneyLetter recently featured sellers of enterprise content management, supply chain management and business solutions.
Open Text Corp. (TSX—OTEX; NASDAQ—OTEX)
CIBC World Markets analyst Stephanie Price asserts that technology stock Open Text Corp. sits in an enviable competitive position, with “our industry survey suggesting that the company has a sticky customer base that has prioritized enterprise content management (ECM) spending”. Ms. Price sees Open Text as well positioned to benefit from the current competitive environment and increased spending on remote work applications and security. With the stock trading at a significant discount to peers, she retains her ‘Outperformer’ recommendation and US$56.50 share price target.
Ms. Price comments: “Our survey suggests that ECM remains a mission-critical spending area throughout the pandemic. The majority of respondents view the transition to remote work as driving an increased need for robust ECM and data-security solutions, while viewing the competitive environment as roughly unchanged.
“Perhaps the most surprising finding from our survey is that SharePoint (not FileNet) appears to be Open Text’s biggest competitor. Of the survey respondents, 75 per cent report using SharePoint in some capacity for ECM. However, over half of SharePoint users have multiple ECM providers, suggesting that firms that require more product breadth and/or integration with non-Microsoft solutions (such as ERP (enterprise resource planning) providers) may engage independent ECM providers. Sixty-six per cent of respondents using Open Text pair its solutions with SharePoint.
“Open Text is number two in market share amongst our respondents, with 30 per cent of survey participants using Open Text. Respondents like Open Text’s integration capabilities and the breadth of the solution set. Public perception of Open Text’s competitive positioning appears to be strengthening, with 90 per cent of respondents noting that Open Text has maintained or improved its competitive position over the past 12 months.”
Open Text develops enterprise information management (EIM) solutions, which enable companies to control and better utilize all forms of information.