Q: Could you please comment on the earnings release and stock's valuation. Do you think market will take notice of the solid results and guidance, in light of the negative sentiment for a couple of days, surrounding AI related companies ?
Thank You
Thank You
5i Research Answer:
EPS of 91c beat estimates of 81c; revenue of $2.39B beat estimates of $2.24B. EBITDA of $187.1M was 9% better than estimates. Q3 Guidance was raised, to 86c to 96c, vs estimates 82c. Year revenue guidance was raised to $9.45B, vs $9.13B estimates. These are solid numbers and a fairly decent 'raise'. CLS stock is much cheaper than most stocks and we would expect investors to take some notice here. It was up 6% in the post market. but we are in a volatile phase of the market here. But the fundamentals and growth look good.