Opera's stock is surging this year as the browser incorporates artificial intelligence and other features and the company's financial performance improves.
SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES
Shares of Opera have nearly quadrupled this year after a 9% jump on Wednesday, reflecting prospects for the Oslo-based maker of an also-ran Internet browser that is benefiting from the introduction of a regular You do not have permission to view the full content of this post. Log in or register now. and a new focus on developed markets. The recent stock surge comes after Opera GX released a free You do not have permission to view the full content of this post. Log in or register now. that allows users to bypass Twitter’s limits on how many posts users could reach each day, which were You do not have permission to view the full content of this post. Log in or register now. July 1.
“They have been performing so well because they are shifting their user base from Indian and African markets to Western Europe and the U.S,. where the average value per user is 8-10 times greater,” says Lance Vitanza, senior analyst at TD Cowan, referring to Opera’s longer term outperformance.
Opera’s American depositary shares ended Wednesday at a closing record $23.46, up from just $6.29 at the end 2022. They have been steadily gaining all year but accelerated in May as the company You do not have permission to view the full content of this post. Log in or register now. the integration of a new AI chatbot called Aria in collaboration with ChatGPT.
The company took the unusual step in January of announcing a special 80-cent dividend, followed by the institution of a semiannual You do not have permission to view the full content of this post. Log in or register now. in June. Technology companies seeking growth typically reinvest profit in their businesses rather than returning cash to investors.
You do not have permission to view the full content of this post. Log in or register now.
SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES
Shares of Opera have nearly quadrupled this year after a 9% jump on Wednesday, reflecting prospects for the Oslo-based maker of an also-ran Internet browser that is benefiting from the introduction of a regular You do not have permission to view the full content of this post. Log in or register now. and a new focus on developed markets. The recent stock surge comes after Opera GX released a free You do not have permission to view the full content of this post. Log in or register now. that allows users to bypass Twitter’s limits on how many posts users could reach each day, which were You do not have permission to view the full content of this post. Log in or register now. July 1.
“They have been performing so well because they are shifting their user base from Indian and African markets to Western Europe and the U.S,. where the average value per user is 8-10 times greater,” says Lance Vitanza, senior analyst at TD Cowan, referring to Opera’s longer term outperformance.
Opera’s American depositary shares ended Wednesday at a closing record $23.46, up from just $6.29 at the end 2022. They have been steadily gaining all year but accelerated in May as the company You do not have permission to view the full content of this post. Log in or register now. the integration of a new AI chatbot called Aria in collaboration with ChatGPT.
Opera Shares Take Off
The company took the unusual step in January of announcing a special 80-cent dividend, followed by the institution of a semiannual You do not have permission to view the full content of this post. Log in or register now. in June. Technology companies seeking growth typically reinvest profit in their businesses rather than returning cash to investors.
You do not have permission to view the full content of this post. Log in or register now.