Celestica: The AI Datacenter's Supply Chain Winner
Celestica Inc.'s robust fundamentals and strong demand from the data center business continue to drive growth, supporting a Buy rating. The company's HPS networking switches revenue grew 54%, accounting for 30% of total revenue, highlighting its pivotal role in data centers. Management's revised 2024 guidance projects $9.6 billion in revenue and a 6.5% adjusted operating margin, indicating strong business momentum.
Here is What to Know Beyond Why Celestica, Inc. (CLS) is a Trending Stock
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.
Wall Street Analysts Think Celestica (CLS) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Is Trending Stock Celestica, Inc. (CLS) a Buy Now?
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, Inc. (CLS) Soars to 52-Week High, Time to Cash Out?
Celestica (CLS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Celestica (CLS) is an Incredible Growth Stock: 3 Reasons Why
Celestica (CLS) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Celestica: The Unsung AI Champion
Celestica's stock has surged 50% in three months, driven by AI and data center tailwinds. Recent earnings report showed over 20% YoY revenue growth for three consecutive quarters, with record adjusted EPS of $1.04. The company's CCS segment, benefiting from data center investments, saw 42% YoY revenue growth, enhancing profitability and free cash flow.
Celestica (CLS) Surges 191% in a Year: Reason to Buy the Stock?
Riding on a robust earnings surprise history and favorable Zacks Rank, CLS appears primed for further stock price appreciation.
Celestica: AI Capex Boom Still Promising, Baked-In Premium Triggers Downgrade
CLS remains well positioned to report robust top/ bottom-lines, as observed in its supply agreements with numerous hyperscalers and AI-related companies. These developments have also contributed to its double beat FQ3'24 performance, raised FY2024 guidance, and exemplary FY2025 guidance. CLS' numbers are well supported by the robust AI market spending trends, as reported by TSM and numerous hyperscalers in the FQ3'24 earnings call.
Celestica Stock Is A Real AI Bargain Today
Celestica's Q3 2024 report shows ~$2.5 billion in revenues - that was a 22% growth year over year, with the CCS segment experiencing a stunning 42% YoY expansion. We see Celestica continuing to raise internal expectations - the market is listening and following suit by also significantly raising revenue/EPS estimates en masse. Celestica still seems too undervalued to ignore. According to my calculations, the fair value of Celestica's stock today is around $101 - that's almost 48% more than the stock's price.
Earnings Estimates Rising for Celestica (CLS): Will It Gain?
Celestica (CLS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Celestica (CLS) Is Up 19.99% in One Week: What You Should Know
Does Celestica (CLS) have what it takes to be a top stock pick for momentum investors? Let's find out.
