Stock price when the opinion was issued
Its volume traded has picked up over the past couple of years as its stock has performed well, but per our rough math on a weekly basis it has been trading about 4% of its total outstanding shares.
CLS has about 116M shares outstanding, and the average daily volume in 2025 is about 1M shares. On a 5-day week, that means roughly 5M shares trade out of 116M total outstanding. It is pretty liquid at a $13.5B market cap, and while it has declined significantly alongside the broader market, we continue to like the name.
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CLS did raise guidance a little bit, but the stock declined about 4% after the news release. Analysts had expected more of a material raise in guidance. Still, the quarter was good, and the stock is cheap at 19X earnings. We would be comfortable on the buy side here still.
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Tariffs are being seen to hit the tech space to a greater degree. He doesn't know why this name in particular is being targeted. Believes all the tech stocks being hit today will bounce from here, though he's skeptical about a long-term trend up.
If you absolutely need the cash tomorrow, sell today. Otherwise, wait a day or two for a bounce.