OPRA / Opera Limited: Buy The Pullback

Opera Limited (NASDAQ:OPRA ) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Matt Wolfson - Head of Investor Relatio more_horizontal

The company said revenue increased 20% year over year in the third quarter. Improving monetization of its user base is fueling strong earnings growth. more_horizontal

Opera Limited's stock has had a great year, but has pulled back significantly in recent months. OPRA is showing good traction with its push to focus o more_horizontal

Opera's stock has gone through some wild swings since its public debut. The bulls believe its stock is cheap relative to its growth potential. more_horizontal

Opera is facilitating a substantial secondary-stock offering. A surge of shares will be hitting the market, but the stock could be cheap at current pr more_horizontal

Opera announced a secondary offering of 6,876,506 shares from a pre-IPO shareholder, as well as a 30-day option for underwriters to purchase an additi more_horizontal

While Opera's shares have more than doubled in 2023, they recently pulled back sharply. Investors may be disappointed that the web browser provider wi more_horizontal

Opera is expanding its AI ecosystem and aggressively monetizing its mobile browser, gaming browser, and news app. But its Chinese ownership could make more_horizontal