Core Insights - OpenText has appointed Savinay Berry as EVP & Chief Product Officer to enhance product innovation and drive growth across its data-oriented domains [1][2] - Muhi Majzoub has been appointed as EVP, Security Products, reflecting the company's increased focus on cybersecurity [1][3] Company Strategy - The appointments aim to accelerate OpenText's mission to be a leading information management company, leveraging connected data for enterprise advantages across various sectors including content management and analytics [2][3] - Savinay Berry brings extensive experience from his previous role at Vonage, where he led products and engineering, including cloud applications and AI [2][3] Market Position - OpenText is positioned to capitalize on the convergence of Cloud, Security, and AI, which are critical in the current landscape of information management [3] - The company has made significant innovations over the past two years, particularly with Titanium X, Cloud, and AI, which are expected to translate into enduring value for customers [3]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Since the supply shock of 2022, the energy sector has been driven by growth in oil refiners who have benefited from favorable spreads between the price of oil and its distillates. However, growth has not been limited to refiners, with explorers and producers, equipment and services gaining ground as well.Geopolitical factors have played the most significant role, as they did in 2022. The threat of a broader conflict with Iran has increased with the inauguration of President Donald J. Trump. U.S. sanctions o ...

DALLAS, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced the appointment of Jeff Magids as the Company's Vice President, Chief Financial Officer, effective January 21, 2025. Mike Helm will continue in his position as Vice President, Chief Accounting Officer. Jeff's extensive experience, including in finance, capital markets and M&A, enhances the Company's financial and strategic leadership capabilities and underscores the Company's focus on de ...

DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtend ...

Berry Global Group, Inc. (BERY) recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic Partners, LLC (Nautic) for about $540 million.Based in Rhode Island, Nautic is a middle-market private equity firm that specializes in sub-verticals within three key sectors, Healthcare, Industrials and Services. The company partners with executives to drive growth through acquisitions, initiatives and team expansion.The divestment of the Tapes business will help Berry Gl ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Berry Corporation (NASDAQ: BRY ) has entered into an agreement for a new term loan that will address its near-term debt maturity issues and potentially push its next debt maturity out to 2029 (with extensions).Aaron ...

Berry Global Group, Inc. (BERY) recently entered into an agreement to be acquired by Amcor plc (AMCR) . The financial terms of the transaction were kept under wraps.BERY’s shares jumped 4.3% yesterday to eventually close the trading session at $69.Based in Zurich, Switzerland, Amcor is a global leader in developing and producing packaging for food, beverage, pharmaceutical, medical, home and personal care. Through its broad range of packaging products, which include flexible and rigid packaging, specialty c ...

Berry Global Group, Inc. (BERY) reported fourth-quarter fiscal 2024 (ended September 2024) adjusted earnings of $2.27 per share, which beat the Zacks Consensus Estimate of $2.25. The bottom line decreased 0.9% year over year.Net sales of $3.16 billion beat the consensus estimate of $3.15 billion. The top line increased 3% year over year, primarily driven by higher selling prices and organic volume growth of 1%.BERY’s Segmental DiscussionBerry Global announced its plan to go for a tax-free spin-off and merge ...

NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Berry Global Group, Inc. (NYSE: BERY) and its board of directors concerning the proposed acquisition of the company by Amcor plc (NYSE: AMCR). Stockholders will receive 7.25 shares of Amcor common stock for each share of Berry Global Group stock that they hold. The transaction is expected to close in mid-2025.If you are a stockholder of Berry Global Group, Inc. and are interested in obtaining addi ...