While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find ...

Opera Limited Sponsored ADR (OPRA) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, OPRA crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term mov ...

Core Points - Opera GX has become the Preferred Browser Partner for Riot Games' League of Legends Esports Global Events, enhancing the viewing experience for the 2024 League of Legends World Championship [1][2] - The partnership includes features like a Co-Streamer Hub, exclusive digital drops for Opera GX users, and custom browser modifications tailored for League of Legends fans [1][3] Company Overview - Opera GX is a browser developed by Opera, launched in 2019, and has gained popularity among gamers for its customization options and resource management features [8] - The browser includes tools such as CPU, RAM, and Network Bandwidth limiters, as well as a Hot Tabs Killer feature and GX Cleaner, making it less resource-intensive [8] Industry Context - League of Legends Esports has been a significant player in the competitive gaming landscape since 2011, attracting millions of fans globally through live events and digital channels [7] - The League of Legends World Championship is one of the most-watched esports events, providing a platform for players to pursue esports as a career [7]

OSLO, Norway, Aug. 30, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today the appearance of company executives at upcoming investor conferences. Event Details: Citi's 2024 Global TMT Conference on September 6, 2024. Per Wetterdal, EVP Commercial, will present at a fireside chat at 1:20 p.m. ET. Goldman Sachs Communacopia + Technology Conference on September 9, 2024. Frode Jacobsen, Chief Financial Officer, wil ...

An attractive valuation, solid results, and improved guidance are the reasons why buying this tech stock looks like a no-brainer. Opera (OPRA -6.12%) may not be a household name among technology investors. The company is a bit-part player in the global web browser, search engine, and advertising markets, which are dominated by the big players. But the stock's recent action on the market following its latest quarterly report should warrant attention from investors looking to add a growth stock to their portf ...

Core Viewpoint - Opera Limited has reported strong Q2'24 earnings, raising guidance for FY'24, indicating positive growth in advertising and search revenues. The stock has seen a significant increase following the earnings report, reflecting market confidence in the company's performance and future prospects [3][17]. Financial Performance - Revenue increased 17% year-over-year to $109.7 million [3] - Advertising revenue reached $65 million, up 20% year-over-year [3] - Search revenue was $45 million, up 15% year-over-year [3] - Net income rose to $19.303 million, a 43% increase year-over-year [3] - Earnings per share (EPADS) was $0.22, meeting analyst expectations [3] - Annualized average revenue per user (ARPU) increased 25% year-over-year to $1.46 [3] - Average users decreased slightly to 298 million from 304 million in Q1'24 [3] User Growth and Product Adoption - Opera GX, the browser targeted at gamers, added 500,000 users in the quarter, reaching 30 million monthly active users (MAUs) and achieving a year-over-year user growth of 27% [3][4] - Despite a seasonal decline in overall MAU figures, Opera GX's growth indicates strong demand for the product [3][4] Future Outlook - The company expects ARPU to rise 10% quarter-over-quarter to $1.61 for Q3'24 [6] - The ongoing partnership with Google for search services has been extended through 2025, indicating Opera's importance as a search partner [7] - OpenAI's new search engine, SearchGiPT, may present future opportunities for Opera in search distribution [8] Valuation - Opera is currently trading at 17x forward earnings, below the sector median of 23.86x, suggesting it is undervalued [10] - A conservative valuation model suggests a fair value of $21.41 using a 20x FY 2025 earnings multiple, with a potential upside to $25.46 based on sector median [10][13] Dividend and Ownership Concerns - The current dividend payout ratio is 67% of net income, raising concerns about sustainability [14] - Kunlun's ownership of approximately 72% of the company continues to be a concern for some investors due to its connection to China [16] Conclusion - Opera shares are considered significantly undervalued, with strong growth prospects and a potential lucrative search deal on the horizon. The current market conditions may present an ideal opportunity for investors [17]

Opera Limited Sponsored ADR (OPRA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earning ...

Opera Limited Sponsored ADR (OPRA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

The web browser developer's stock soared this week, and is now up 22% year to date. On the heels of big post-earnings gains Thursday, Opera (OPRA 11.51%) soared again Friday. The web browser developer's share price ended the session up 11.5%, according to data from S&P Global Market Intelligence. Thanks to comments from Federal Reserve Chairman Jerome Powell suggesting that interest rate cuts are on the way, Friday was a good day for the broader market. The S&P 500 index gained 1.1% while the Nasdaq Composi ...