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Opera Stock: Consider Buying This Dip Again
OPRAOpera(OPRA) Seeking Alpha·2024-07-30 13:21

istanbulimage Why Do I Think So? Unfortunately, this operating leverage failed to develop into a similar growth rate in terms of net income, which fell in Q1 FY2024 by 4% YoY due to lower interest income and OPRA's cash investment in a new AI data center, which "led to an unusual amount of capital expenditure", according to the earnings call commentary. Thus, Opera failed to meet the consensus estimate in terms of EPS, though it exceeds the top-line estimate slightly: But what's more important, in my view, ...