CLS Stock Recent News

TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Celestica's third quarter financial results conference call and virtual investor meeting will take place on Wednesday, October 23. The conference call start time is 5:00pm ET. Financial results will be released after market close. During the investor meeting, Celestica's management will provide an overview of the business, growth opportunities and its financial outlook.

Amazon recently announced that it will invest several billions more in UK-based data centers. In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, up 71% and 82%, respectively, in the past 12 months. Bitcoin miners are increasingly pivoting to artificial intelligence data center operations, leveraging their existing infrastructure and expertise to capitalize on the growing demand for AI computing.

Celestica stock has underperformed the market since it peaked in July 2024, as the market reallocated toward other sectors. CLS is exposed to secular AI growth tailwinds. AI investors should remain focused on these opportunities. CLS stock is dirt cheap and valued well below its sector median, even as investors possibly worry about its profitability margins.

TORONTO, Sept. 30, 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 announced that its Johor, Malaysia operation was honoured with a 2024 Supplier Excellence Award from Lam Research, a global provider of innovative wafer fabrication equipment and services to the semiconductor industry.

Celestica's recent 6.4% stock decline is unrelated to fundamentals; strong revenue growth and operating leverage indicate solid financial performance. AI and data center tailwinds remain robust, with Celestica rolling out new products to capitalize on these trends, enhancing its market position. Institutional investors and Wall Street analysts are bullish, with my DCF model suggesting a 29% upside, making CLS a Strong Buy.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Zacks.com users have recently been watching Celestica (CLS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Celestica (CLS) closed the most recent trading day at $45.55, moving +0.51% from the previous trading session.

Celestica (CLS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.