Key facts
- Cello World reported fourth-quarter earnings that surpassed analyst estimates.
- Investec expects more downgrades for Cello World.
- Competitive intensity in the opalware business has risen.
- New capacity is entering the opalware market.
Cello World's performance in its opalware business is under scrutiny due to rising competition and new market capacity. Despite beating earnings expectations, the outlook remains cautious.
