Celestica (NYSE:CLS) Trading Up 8.9% – Time to Buy?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s stock price was up 8.9% on Tuesday . The stock traded as high as $374.59 and last traded at $372.1910. 2,755,106 shares were traded during mid-day trading, an increase of 14% from the average session volume of 2,415,012 shares. The stock had previously closed at $341.91.

More Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica priced a $3 billion equity offering to fund investments supporting multi-year demand for data-center infrastructure and AI systems. The capital could accelerate capacity expansion, including planned capital expenditures, and strengthen the balance sheet. Celestica Announces $3 Billion Equity Offering to Accelerate Growth Across Global AI Infrastructure
• Positive Sentiment: Recent coverage highlights accelerating AI networking-switch revenue, strong second-quarter growth, gross-margin expansion and robust hyperscaler demand. One analyst argued that the offering could support sustained growth and margin gains over the longer term. Celestica Just Unloaded Bad News – Buy It
• Neutral Sentiment: Celestica was included among highly ranked growth stocks for August, reflecting continued investor interest in companies benefiting from AI infrastructure spending. Buy 5 Top-Ranked Growth Stocks for August to Tap Market Rally
• Negative Sentiment: The company is issuing 9,677,419 common shares at $310 each, with an underwriters’ option for additional shares. The discounted offering price pressured the stock and raised concerns about approximately 8.4%–10% dilution, lower future earnings per share and potential EPS headwinds. Celestica Announces Pricing of Equity Offering
• Negative Sentiment: Several market commentaries downgraded or criticized the financing, indicating that investors are prioritizing the immediate dilution and valuation impact over the potential long-term benefits of the AI investment plan. Celestica’s $3B Raise: Investors Don’t Like Dilution And EPS Headwinds

Wall Street Analyst Weigh In

CLS has been the topic of a number of research reports. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and boosted their price target for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. Barclays lowered their price target on Celestica from $441.00 to $430.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, TD lifted their price target on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

Celestica Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The stock has a 50 day moving average of $360.33 and a 200 day moving average of $334.55. The stock has a market capitalization of $36.20 billion, a P/E ratio of 32.73 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts predict that Celestica, Inc. will post 9.97 EPS for the current year.

Insider Transactions at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 9,543 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $367.49, for a total transaction of $3,506,957.07. Following the completion of the transaction, the chief executive officer directly owned 50,841 shares of the company’s stock, valued at $18,683,559.09. This represents a 15.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 171,594 shares of company stock valued at $67,021,079 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC bought a new position in Celestica during the first quarter worth about $68,952,000. CIBC Asset Management Inc boosted its holdings in Celestica by 7.7% in the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares during the period. Norges Bank acquired a new position in shares of Celestica during the 4th quarter worth approximately $456,511,000. Marietta Investment Partners LLC acquired a new position in shares of Celestica during the 4th quarter worth approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. increased its holdings in shares of Celestica by 29.9% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock worth $9,217,000 after purchasing an additional 7,179 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.