Celestica
CLS
Market cap $6.72B

56.68 USD

-1.14

1.97%

At close Oct 21, 4:00 PM EDT

Pre-market

56.19

-0.49

0.86%

1 day

-1.97%

5 days

-10.25%

1 month

14.21%

3 months

-0.39%

6 months

31.88%

Year to date

100.50%

1 year

120.46%

5 years

731.09%

About: Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.

Employees: 26,554

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

107% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 46

79% more call options, than puts

Call options by funds: $279M | Put options by funds: $156M

36% more funds holding in top 10

Funds holding in top 10: 14 [Q1] → 19 (+5) [Q2]

32% more capital invested

Capital invested by funds: $3.74B [Q1] → $4.93B (+$1.19B) [Q2]

17% more funds holding

Funds holding: 287 [Q1] → 336 (+49) [Q2]

2.63% more ownership

Funds ownership: 69.73% [Q1] → 72.36% (+2.63%) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 106

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$58

2%

upside

Avg. target

$63

11%

upside

High target

$70

24%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

TD Securities Daniel Chan 100% 1-year accuracy 2 / 2 met price target	20%upside $68	Buy Maintained	9 Oct 2024
Stifel Matthew Sheerin 71% 1-year accuracy 10 / 14 met price target	2%upside $58	Buy Upgraded	9 Sept 2024
Stifel Matthew Sheerin 71% 1-year accuracy 10 / 14 met price target	2%upside $58	Hold Maintained	26 Jul 2024
CIBC	6%upside $60	Neutral Maintained	26 Jul 2024
Canaccord Genuity Robert Young 100% 1-year accuracy 1 / 1 met price target	24%upside $70	Buy Maintained	26 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 18 articles about CLS published over the past 30 days

Celestica: Riding The Wave Of Unstoppable AI Momentum

Celestica's share price surged 40% since my first call, driven by strong AI-related revenue and EBITDA growth. CLS is set to report Q3 earnings on October 23. AI tailwinds and robust data center investments by major tech firms and asset managers bolster Celestica's growth prospects. Readers should keep in mind that buying before earnings is risky due to unpredictable market reactions, as seen with previous earnings-induced stock pullbacks.

Celestica: Riding The Wave Of Unstoppable AI Momentum

Zacks Investment Research

Will Celestica's Latest Portfolio Expansion Buoy CLS Stock?

CLS appears to be treading in the middle of the road and new investors could be better off if they trade with caution.

Will Celestica's Latest Portfolio Expansion Buoy CLS Stock?

Why Celestica Stock Is A Strong Buy Into Q3 Earnings

Celestica is expected to beat both revenue and earnings, driven by strong AI demand and favorable market conditions. Management's guidance and analysts' expectations suggest significant growth, with my estimates being even higher, particularly in the AI-driven CCS segment. The company is expanding capacity in Thailand and Malaysia, positioning itself well for future growth amid increasing AI CapEx spending.

Why Celestica Stock Is A Strong Buy Into Q3 Earnings

Why Celestica Stock Is A Solid 'Buy' Before Q3 Earnings Release

I still believe that Celestica is one of the most undervalued and underlooked opportunities in the AI market today. The company's Q2 FY2024 results showed impressive year-on-year growth, with sales up 23% and EPS up 65.45%, indicating effective operating leverage. Celestica's financial health is robust, with a healthy balance sheet, improved inventory management, and strategic use of free cash flow for deleveraging and share buybacks.

Why Celestica Stock Is A Solid 'Buy' Before Q3 Earnings Release

Celestica: Still A Value Buy Despite The Recent Recovery

CLS' overly expensive valuations have finally been brought closer to earth, thanks to the recent market rotation in July/ August 2024. With the two main players in AI still reporting robust performance metrics, we believe that CLS remains a compelling value buy, attributed to its cheap PEG non-GAAP ratio of 0.51x. Combined with the hyperscalers' intensified capex guidance in the near/ intermediate term, it is unsurprising that CLS is expected to generate robust top/ bottom line growth through FY2026.

Celestica: Still A Value Buy Despite The Recent Recovery

Zacks Investment Research

Wall Street Analysts See Celestica (CLS) as a Buy: Should You Invest?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts See Celestica (CLS) as a Buy: Should You Invest?

Celestica Launches the DS4100, its Latest 800G Switch Optimized for AI/ML Data Center Workloads

TORONTO, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Celestica Inc . (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today launched its DS4100, a new 1U 800G per port top-of-rack, leaf/spine switch designed to address the high-bandwidth demands of AI/ML data center networking across enterprise, service provider and cloud provider domains.

Celestica Launches the DS4100, its Latest 800G Switch Optimized for AI/ML Data Center Workloads

Celestica (CLS) Shares Surge with Strong Institutional Support

Celestica Inc. (CLS, Financial) saw a significant stock price increase of 5.01%. The stock is currently trading at $58.50 per share with a trading volume of 1.23 million shares, a turnover rate of 1.04%, and a price fluctuation of 4.58%.

Celestica (CLS) Shares Surge with Strong Institutional Support

Investors Business Daily

This Growth Stock Is Powering Toward A Buy Point As Its Relative Strength Rises

Celestica stock is working on a five-day winning streak as it approaches its all-time high, which is also its buy point.

This Growth Stock Is Powering Toward A Buy Point As Its Relative Strength Rises

Zacks Investment Research

Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know

Recently, Zacks.com users have been paying close attention to Celestica (CLS). This makes it worthwhile to examine what the stock has in store.

Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know

See News Rankings

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