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Tag: Opera

  • Positive Analyst Rating Lifts Opera (OPRA) Stock

    Positive Analyst Rating Lifts Opera (OPRA) Stock

    Opera Limited (NASDAQ: OPRA) stock experienced a notable surge on the US market charts this Wednesday, marking a substantial 13.27% increase and concluding the trading session at $12.38. This upswing in Opera stock value was spurred by a favorable analyst recommendation. Goldman, on Wednesday, initiated coverage of OPRA stock with a “Buy” recommendation, concurrently assigning it a target price of $16.50.

    Furthermore, Opera (OPRA) has recently announced its forthcoming semi-annual cash dividend for holders of ordinary shares and American Depositary Shares (“ADSs”), with each ADS representing two ordinary shares. Under the recurring dividend program unveiled in June 2023, OPRA’s upcoming semi-annual dividend is slated to be $0.40 per ADS.

    Shareholders of record as of the close of business on January 3, 2024, will be eligible for the payment. Dividends destined for ADS holders via the depositary bank, The Bank of New York Mellon, will be subject to the deposit agreement’s terms. Opera anticipates the depositary bank to distribute dividends around January 9, 2024.

    The total amount of this initial dividend approximates $35 million, calculated based on 87.5 million ADS equivalents outstanding as of November 30, 2023. Notably, OPRA’s cash outlay is expected to be around $9.9 million, limited to ADS holders. The remaining $25.1 million, intended for ordinary shares and payable to the majority shareholder, Kunlun Tech Limited.

    It will be offset against Opera’s receivable resulting from the sale of investment, owed by Kunlun following Opera’s divestment of its stake in Star Group Interactive Inc. (“StarX”). Future dividend disbursements on Kunlun’s ordinary shares in Opera will be similarly offset until the StarX receivable, along with accrued interest, is fully settled.

    In addition to these financial developments, Opera has recently enhanced its Lucid Mode—a feature elevating video quality with superior brightness, sharpness, and clarity. The underlying technology has been upgraded, resulting in improved browser performance and extended battery life.

    Users now have the capability to fine-tune video enhancement settings. In conjunction with this upgrade, Opera has introduced a radiant Sunrise wallpaper, specially crafted to counteract the winter blues by enveloping users in a luminous ambiance.

  • Opera Integrates Eight New Blockchains

    Opera Integrates Eight New Blockchains

    Under the Crypto Browser project drive, Opera’s multi-chain similarity plans to facilitate the acquaintance of Web3 with in excess of 380 million portable and work area clients around the world.

    Opera, one of the first internet browsers, has been building crypto items for its around 350 million clients starting around 2018. It delivered a beta variant of its trained professional “Crypto Browser Project” in January.

    One of the major crypto-accommodating web programs reported the joining of eight blockchains in a proceeded with work to acquaint Web3 with in excess of 380 million portable and work area clients around the world.

    In Jan. 2022, Opera launched the Crypto Browser project, a Web3-centered drive for working with routes across decentralized applications (DApp), games, and metaverse stages. As a feature of this drive, the program organization added help for eight significant blockchain environments, including Bitcoin (BTC), Solana (SOL), Polygon (MATIC), StarkEx, Ronin, Celo, Nervos DAO and IXO.

    Drama said in the declaration that its clients currently approach the Polygon and Solana DApp biological systems, as well as “the advantages of Layer 2 DeFi through StarkWare-fueled DiversiFi.”

    The most recent mixes empower Opera clients to get to Polygon evidence of-stake (POS) blockchain and Ethereum L2 ecosystem through StarkEx.

    They said that Ultimately, Web3 is headed to turning into a standard web innovation and clients won’t have to realize they’re connecting with it. They need to get a prevalent client experience and a genuine advantage.

    As per the organization, the goal behind incorporating numerous blockchains was to guarantee chain rationalism and Web3 association in a climate well-disposed way.

    The declaration further featured the requirement for carbon-impartial arrangements with low gas charges, which remains one of the principal purposes behind picking Polygon over the Ethereum blockchain.

    Back in Nov. 2021, Opera contender Brave program incorporated Solana blockchain to reinforce its DApps ability.

    With an ever-increasing number of clients and makers requiring apparatuses for quick and reasonable admittance to the decentralized Web, this mix will flawlessly prepare for the following billion crypto clients to bridle applications and tokens.

    Blockchain networks are not without risk. Ronin’s Tuesday revelation of a $625 million hack brings up issues about wellbeing and security, particularly on symbolic scaffolds.