-Danske Bank downbeat on Opera Software's 2011 guidance.

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

17 February 2011 - Danske Bank has cut its rating on Norwegian web browser developer Opera Software ASA (OSL:OPERA) to "sell" from "hold" and the share price target to NOK24 from NOK32, as it expects the company's 2011 guidance to be below the market consensus.

The broker said it has cut its earnings estimates by 21% and 16% respectively for 2011 and 2012, as it sees continued challenges for part of Opera Software's operations.

Opera Software is due to release its figures for the fourth quarter of 2010 on 21 February 2011.

By 09:12 CET on Thursday, shares in Opera Software had added 0.37% to NOK27 on the Oslo Stock Exchange (OSE).

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