Q: I'm having trouble nailing down exactly what CLS does. Is it a technology company or an industrial company? Also, do you think it would be a good time to invest in the company?
5i Research Answer:
CLS can be considered a tech manufacturer. While this is a very simplified explanation of its services, its services range from the design and engineering of electronic components to manufacturing specialized machine tool technology for companies. It can create these components for customers in the semiconductor, healthcare, industrial, aerospace and defense, and smart energy industries. Overall, it is much less involved in the software side of things, and more so on the hardware and manufacturing of electronic components.
We continue to like CLS here, particularly for its exposure to the cloud solutions and AI-infrastructure space.