The Browser Underdog: Opera's Surprising Surge◉ Abstract
Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 millio
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
2.02 USD
153.46 M USD
397.23 M USD
88.42 M
About Opera Limited
Sector
Industry
Headquarters
Oslo
Website
Founded
1995
FIGI
BBG00LBLDHJ2
Opera Ltd. engages in the provision of web browsers through its subsidiaries. Its products include Opera browser for Windows, iOS, and Linux computers, as well as the mobile apps Opera for Android, Opera Mini, Opera Touch, and Opera News. The company operates through the Browser and News; and Other segments. The Browser and News segment includes PC and mobile browsers, gaming portals and game development tools, News content recommendation products, and audience extension allowing advertisers to take advantage of advertising network on third party inventories. The Other segment comprises of licensing of proprietary technology to third parties and provisions of related maintenance, support and hosting services, provision of professional services, and provision of customized browser configurations to mobile operators. Opera was founded in 1995 and is headquartered in Oslo, Norway.
OPRA Analysis 8/20Disclosure: As of 8/20 I am long Opera Limited NYSE: OPRA
Opera is a browser company available on Mac, PC, and Mobile. They earn revenue through advertisements, as well as a search partnership with Google.
*This partnership with Google is a key risk for Opera as if the relationship falls apart th
🚀 OPRA Trade Analysis 🚀📊 Company Overview:
Opera NASDAQ:OPRA : Known for its web browsers, Opera is expanding into the AI space with its Aria browser AI service, attracting over 1 million users.
Financial Performance: Opera's revenue surged by 17% YoY in Q4, surpassing guidance and consensus estimates, indicating strong
$OPRA: Technical setup supported by blowout YOY earnings growth.OPRA:1W
Using a 5 year look-back I see recent price structure from the October 2022 bottom as highly impulsive. Historical resistance (downward yellow arrows) has become support (upward yellow arrows). If you're a historical 'price memory' believer, which I am, this will make sense.
RSI is flatten
MOMENTUM STOCK: Opera starting to recover?NASDAQ:OPRA is starting to look interesting again. After a MASSIVE 600% run followed by a deep 60% pullback some of the signals are showing some life might be coming back in the stock.
We are past earnings so hopefully no more surprises to come.
The RSI is heading back up
We got a deep c
OpraOpra has a lot of upside potential here. It has pulled back 50% from the high after a monthly breakout. I like the risk-reward ratio for a long position here, with an entry between 13-14 and a stop loss under 9, targeting 28-33
OPRA drops after earnings beat LONGOPRA on the 30-minute chart dropped after an earnings beat as apparently a lot of traders
expected better. The volume profile shows the vast majority of the trading occurred in
the 12.75 to 13.05 range. This heavy accumulation should result in price movement in due
time per Wycoff. I believe th
Momentum Stock: Opera LimitedOpera Ltd provides mobile and PC web browsers and operates in two primary segments, Browser and News, and Other. The company offers a variety of mobile and PC browser products, including Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch. Additionally, it also provides the Oper
OPRA Opera - Alternative Browser Earnings Play LONGOPRA has had a consistent upwards trajectory as shown on the 4H chart.
189% price increase in approximately 125 trading days is about 1.5% daily return,
This could be a good set-it-and-forget-it play on the very positive earnings report.
OPRA beat earnings guidance by 34% despite advertising pul
See all ideas
An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.