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Optiva Inc ( (TSE:OPT) ) has provided an announcement.
Optiva Inc. has received final court approval for its arrangement with Qvantel Oy, allowing Qvantel to acquire all outstanding shares of Optiva. The arrangement, which was approved by Optiva’s shareholders and noteholders, includes a series of financial transactions that will impact Optiva’s stakeholders, including the cancellation of existing notes and issuance of new shares and notes by the purchaser.
The most recent analyst rating on (TSE:OPT) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Optiva Inc stock, see the TSE:OPT Stock Forecast page.
Spark’s Take on TSE:OPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:OPT is a Neutral.
Optiva Inc’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, persistent losses, and negative equity. Technical analysis suggests a bearish trend with potential overbought conditions. Valuation metrics are unfavorable due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on TSE:OPT stock, click here.
More about Optiva Inc
Optiva Inc. is a leading provider of mission-critical, cloud-native, AI-powered revenue management software for the telecommunications industry. Its solutions are designed to help service providers maximize digital, 5G, IoT, and emerging market opportunities. Established in 1999, Optiva is listed on the Toronto Stock Exchange.
Average Trading Volume: 38,328
Technical Sentiment Signal: Sell
Current Market Cap: C$1.54M
Find detailed analytics on OPT stock on TipRanks’ Stock Analysis page.