Opera Shares Jump as Forecast Is Music to Investors' Ears. But Is It Too Late to Buy the Stock?
Shares of Opera (NASDAQ: OPRA) rose after the web browser operator saw a huge jump in revenue and issued upbeat guidance. While the stock is down year to date, its shares are up more than 20% over the past year.For those unfamiliar with Opera, the company operates a portfolio of web and mobile browsers that are designed to optimize speed and battery life. Its browsers have been particularly popular in emerging markets, although lately it has been more focused on adding higher-valued users from developed markets. On this front, its fastest-growing browser is Opera GX, which is designed to optimize gaming performance.Opera makes money in two main ways. The first is simply through advertising and its Opera ad platform. It also has a revenue-sharing agreement with Google, where it gets a portion of the ad revenue when people use one of its built-in search bars.Continue reading
Shares of Opera (NASDAQ: OPRA) rose after the web browser operator saw a huge jump in revenue and issued upbeat guidance. While the stock is down year to date, its shares are up more than 20% over the past year.
For those unfamiliar with Opera, the company operates a portfolio of web and mobile browsers that are designed to optimize speed and battery life. Its browsers have been particularly popular in emerging markets, although lately it has been more focused on adding higher-valued users from developed markets. On this front, its fastest-growing browser is Opera GX, which is designed to optimize gaming performance.
Opera makes money in two main ways. The first is simply through advertising and its Opera ad platform. It also has a revenue-sharing agreement with Google, where it gets a portion of the ad revenue when people use one of its built-in search bars.
