Q: What does the market expect next week? CLS has dropped 30% since last ER which was good so any thoughts please?
5i Research Answer:
EPS $1.11; revenue $2.56B; EBITDA $211.1M. The stock has dropped along with the market and the AI sector. But in addition to a strong last quarter guidance was quite solid. We would be surprised if this quarter was not good. However, as with all companies we expect some caution on guidance, with tariffs and general uncertainty likely to lead executives to conservatism. P/E is now an attractive 17X. The balance sheet remains strong and 25%+ growth is still expected this year.