OPRA - Opera: Best Of Both Worlds? Low PEG Ratio And High Dividend Yield

2024-05-23 11:12:11 ET

Summary

• Opera Limited is a smaller technology company developing a better web browser for the world, especially gamers, with 300+ million active users.
• The European Union's promotion of competition in the browser space is boosting Opera's long-term outlook and driving strong business growth.
• OPRA's low valuation, high-growth rate, and extraordinary 6% dividend yield make it an appealing investment option.

Opera Limited ( OPRA ) is a smaller technology company out of Norway, with 600 employees and an equity market cap of $1.15 billion at $13 per share. Each OPRA American Depository Share represents 2 ordinary shares , with the company acting as a subsidiary of Kunlun Tech Limited (with the latter holding more than 50% voting control).

The outfit has developed its own web browsers and online software to compete with the big boys of Microsoft ( MSFT ) Edge/Explorer, Alphabet/Google ( GOOGL ) ( GOOG ) Chrome , Apple ( AAPL ) Safari , and not-for-profit Mozilla Firefox . Opera recently renewed its search agreement with Google , in place since 2001....

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