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NASDAQ:OPRA

Opera (OPRA) Stock Price, News & Analysis

$15.44
+0.33 (+2.18%)
(As of 10/17/2024 ET)

About Opera Stock (NASDAQ:OPRA)

Key Stats

Today's Range
$14.87
$15.51
50-Day Range
$12.42
$16.18
52-Week Range
$10.11
$17.31
Volume
459,485 shs
Average Volume
759,580 shs
Market Capitalization
$1.37 billion
P/E Ratio
7.92
Dividend Yield
5.05%
Price Target
$21.83
Consensus Rating
Buy

Company Overview

Opera Limited is a technology company that operates in the web browser and news aggregation services sector. The company was founded in 1995 and is headquartered in Oslo, Norway. Opera is known for its innovative approach to web browsing and its commitment to providing users with fast, secure, and efficient browsing experiences across mobile and PC platforms.

Opera's mission is to deliver cutting-edge web browsing solutions that empower users to explore the internet seamlessly and personally. The company serves a global customer base and has a strong presence in various countries worldwide.

Opera's primary products are its web browsers, which cater to mobile and PC users. Its mobile browser lineup includes Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch. For PC users, Opera offers browsers such as Opera for Computers and Opera GX. Additionally, Opera provides services such as Apex Football, Opera VPN Pro for enhanced online privacy and security, and Opera News, an AI-powered personalized news discovery and aggregation service. The company also operates Opera Ads, an online advertising platform.

Opera's target market comprises mobile and PC users seeking fast, secure, and feature-rich browsing experiences. The company's key customers include individual consumers, enterprises, and organizations that rely on Opera's browsers for their web browsing needs.

Opera Limited is led by a strong management team that brings diverse skills and expertise to the company. The team drives Opera's vision, strategy, and overall performance. Zhou Yahui serves as the Chairman and Co-Chief Executive Officer of Opera Limited. With a wealth of experience in the technology industry, Mr. Yahui has been instrumental in guiding Opera's growth and overseeing strategic initiatives.

Opera Limited's financial performance has shown positive trends in recent years, including growth in revenue and earnings. The company's profit margins have also demonstrated stability, reflecting its ability to generate consistent profitability.

Opera's financial stability is further evident by its management of debt levels. Opera's financial performance should be considered in the context of broader industry benchmarks. The web browser industry is highly competitive, with several major players vying for market share. Opera's financial metrics may be compared to its peers to assess its relative performance and valuation.

The factors driving Opera's valuation include its revenue growth potential, market share, technological innovation, and the competitive landscape within the web browser industry. Changes in investor sentiment may impact the company's valuation, influenced by factors such as financial performance, strategic initiatives, and industry trends.

Opera Limited operates within the web browser and news aggregation services industry. This sector is characterized by intense competition and constant technological advancements. Understanding the broader industry landscape helps evaluate Opera's competitive positioning.

The web browser industry experiences rapid evolution as user preferences and technology trends shift. Major competitors in this industry include Google Chrome, Mozilla Firefox, Safari, and Microsoft Edge. These companies continually invest in research and development to enhance their browsers' performance, security, and user experience.

Opera differentiates itself by focusing on speed, security, and innovative features. Its diverse product portfolio caters to various platforms and devices, targeting a wide range of users. However, Opera faces challenges from its larger competitors, which enjoy significant market share and brand recognition.

Regulatory and political issues can impact the web browser industry. Data privacy regulations, antitrust investigations, and government policies on Internet governance are among the factors that could affect Opera's operations. Staying abreast of such developments and adapting to regulatory changes are crucial for long-term success.

Opera's competitive advantages lie in its commitment to technological innovation, its ability to adapt to changing user needs, and its global presence. The company's focus on delivering fast and secure browsing experiences and its expansion into news aggregation services helps differentiate it from competitors. Opera Limited has several growth opportunities in the evolving web browser industry. These opportunities can drive revenue growth, expand market reach and enhance the company's competitiveness.

Opera can continue to innovate and introduce new features and enhancements to its browser portfolio. This can attract new users and retain existing ones, fostering revenue growth. Collaborating with strategic partners, such as device manufacturers, telecom operators, and content providers, can create new avenues for growth. Partnerships can drive pre-installed browser distribution, revenue-sharing agreements, and enhanced product integration.

Opera can explore acquisition opportunities or invest in innovative technologies and companies to expand its product offerings or enter new market segments. This approach can provide access to new user bases, complementary technologies, or emerging trends.

Opera's competitive advantages in pursuing these growth opportunities lie in its focus on user-centric design, agility in adapting to market trends, and its ability to deliver fast and secure browsing experiences across platforms.

Opera Limited faces various risks and challenges that could impact its operations and financial performance. Understanding these risks helps assess the company's ability to mitigate potential adverse effects.

The web browser industry is highly competitive, with well-established players dominating the market. Opera must continuously innovate and differentiate itself to attract and retain users amid intense competition.

Rapid technological advancements can impact user preferences and the competitive landscape. To remain relevant and competitive, opera must adapt to changing trends, such as the rise of mobile browsing or emerging technologies like voice assistants.

Opera operates in a regulatory environment that governs data privacy, cybersecurity, and online advertising. Changes in regulations or legal challenges could require the company to modify its practices, potentially affecting its operations and profitability.

As a technology company, Opera faces the risk of cybersecurity threats, including data breaches or hacking attempts. Safeguarding user data and maintaining a secure browsing experience are critical to user trust and reputation.

Opera must continue to attract new users and retain existing ones to drive revenue growth. Adapting to evolving user preferences, delivering compelling features, and providing excellent user experience is key to achieving this.

Opera's success relies on partnerships with device manufacturers, telecom operators, and content providers. Any disruption or strain in these partnerships could affect the company's distribution channels, market reach, and revenue streams.

To mitigate these risks, Opera has implemented risk management strategies such as investing in research and development, maintaining strong cybersecurity measures, monitoring regulatory developments, and fostering strong relationships with partners.

Opera Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

OPRA MarketRank™: 

Opera scored higher than 84% of companies evaluated by MarketBeat, and ranked 163rd out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Opera has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Opera has only been the subject of 1 research reports in the past 90 days.

  • Read more about Opera's stock forecast and price target.
  • Earnings Growth

    Earnings for Opera are expected to grow by 29.55% in the coming year, from $0.88 to $1.14 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Opera is 7.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Opera is 7.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 261.34.

  • Price to Book Value per Share Ratio

    Opera has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Opera's valuation and earnings.
  • Percentage of Shares Shorted

    2.42% of the outstanding shares of Opera have been sold short.
  • Short Interest Ratio / Days to Cover

    Opera has a short interest ratio ("days to cover") of 4.3.
  • Change versus previous month

    Short interest in Opera has recently increased by 13.83%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Opera is a leading dividend payer. It pays a dividend yield of 5.16%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Opera does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Opera is 41.49%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Opera will have a dividend payout ratio of 68.42% next year. This indicates that Opera will be able to sustain or increase its dividend.

  • Read more about Opera's dividend.
  • Percentage of Shares Shorted

    2.42% of the outstanding shares of Opera have been sold short.
  • Short Interest Ratio / Days to Cover

    Opera has a short interest ratio ("days to cover") of 4.3.
  • Change versus previous month

    Short interest in Opera has recently increased by 13.83%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Opera has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 27 news articles for Opera this week, compared to 27 articles on an average week.
  • Search Interest

    Only 13 people have searched for OPRA on MarketBeat in the last 30 days. This is a decrease of -48% compared to the previous 30 days.
  • MarketBeat Follows

    Only 11 people have added Opera to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Opera insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    84.36% of the stock of Opera is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 10.21% of the stock of Opera is held by institutions.

  • Read more about Opera's insider trading history.
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OPRA Stock Analysis - Frequently Asked Questions

Opera's stock was trading at $13.23 at the beginning of the year. Since then, OPRA shares have increased by 16.7% and is now trading at $15.44.
View the best growth stocks for 2024 here
.

Opera Limited (NASDAQ:OPRA) posted its quarterly earnings results on Thursday, August, 22nd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm earned $109.73 million during the quarter, compared to analysts' expectations of $108.65 million. Opera had a trailing twelve-month return on equity of 19.59% and a net margin of 40.85%.

Opera (OPRA) raised $106 million in an IPO on Friday, July 27th 2018. The company issued 9,600,000 shares at $10.00-$12.00 per share. CICC and Citigroup acted as the underwriters for the IPO.

Opera's top institutional shareholders include Inspire Investing LLC (0.07%), Quent Capital LLC (0.02%), GAMMA Investing LLC and Concourse Financial Group Securities Inc..

Shares of OPRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Opera investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Invesco QQQ (QQQ), Super Micro Computer (SMCI), Novo Nordisk A/S (NVO) and Arista Networks (ANET).

Company Calendar

Last Earnings
8/22/2024
Today
10/17/2024
Next Earnings (Confirmed)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:OPRA
Fax
N/A
Employees
630
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.83
High Stock Price Target
$25.00
Low Stock Price Target
$16.50
Potential Upside/Downside
+41.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$153.30 million
Pretax Margin
39.36%

Debt

Sales & Book Value

Annual Sales
$427.25 million
Cash Flow
$2.18 per share
Book Value
$10.36 per share

Miscellaneous

Free Float
13,834,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
1.04
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This page (NASDAQ:OPRA) was last updated on 10/17/2024 by MarketBeat.com Staff
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