Celestica (NYSE:CLS) Shares Climb 8.2% – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price shot up 8.2% during mid-day trading on Monday. The stock traded as high as $225.26 and last traded at $223.6240. Approximately 4,631,549 shares were traded during trading, an increase of 84% from the average daily volume of 2,518,304 shares. The stock had previously closed at $206.68.

Latest Celestica News

Here’s some of the latest news about CLS:

• Positive Sentiment: Celestica raised its 2027 annual revenue guidance to $40 billion. It also expects networking revenue from 1.6T switch programs to exceed 800G revenue in 2027, supporting the case for continued AI-infrastructure demand. Article: Celestica: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: One bullish analysis argues the sell-off has made CLS attractive relative to projected 2027 earnings, while pointing to strong recent revenue and adjusted-EPS growth. This may appeal to investors who see the pullback as an opportunity, though the valuation view is an analyst opinion. Article: Celestica: Why I See The Recent Crash As A Bullish Opportunity
• Neutral Sentiment: A comparison with Sanmina highlights competition for AI-infrastructure business; differences in growth, profitability and valuation may influence which supplier investors favor, but the article does not establish a clear near-term catalyst for CLS. Article: CLS vs. SANM: Which Stock is Better Positioned for the AI Boom?

Wall Street Analyst Weigh In

Several research firms recently commented on CLS. RBC Dominion Securities set a $450.00 target price on Celestica and gave the company an “outperform” rating in a report on Friday, October 23rd. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. TD Cowen reaffirmed a “buy” rating on shares of Celestica in a research report on Tuesday, October 27th. Citigroup increased their price objective on Celestica from $415.00 to $436.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, UBS Group raised their target price on Celestica from $430.00 to $453.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Celestica has a consensus rating of “Buy” and a consensus target price of $445.14.

Celestica Trading Up 8.3%

The business’s 50-day moving average price is $314.29 and its 200-day moving average price is $328.42. The firm has a market capitalization of $30.57 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.56 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 1.03.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.02 by $0.28. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%. As a group, analysts expect that Celestica, Inc. will post 10.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 67,010 shares of company stock worth $24,278,487. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. acquired a new position in shares of Celestica in the second quarter valued at approximately $28,000. Elevation Wealth Partners LLC acquired a new stake in shares of Celestica during the third quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica during the first quarter worth $29,000. Latitude Advisors LLC purchased a new position in Celestica in the 3rd quarter valued at $40,000. Finally, Mather Group LLC. grew its position in Celestica by 266.7% in the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock valued at $44,000 after buying an additional 88 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

About Celestica

Celestica Inc. is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support. The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.