Celestica (NYSE:CLS) Trading Up 1.1% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares shot up 1.1% on Friday . The stock traded as high as $319.48 and last traded at $317.8940. Approximately 3,283,891 shares traded hands during trading, an increase of 33% from the average daily volume of 2,459,930 shares. The stock had previously closed at $314.53.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica completed its equity offering, selling 11.13 million common shares after the underwriters fully exercised their option. The raise is intended to fund capacity expansion and investments supporting multi-year demand for data-center and networking products tied to artificial intelligence. Celestica Completes Equity Offering
• Positive Sentiment: Recent analysis remains constructive on Celestica’s underlying business, citing accelerating AI networking-switch revenue, gross-margin expansion and approximately $1 billion in planned capital spending. The investments could improve the company’s ability to serve hyperscale customers and sustain elevated growth. Celestica Just Unloaded Bad News – Buy It
• Positive Sentiment: Jim Cramer reaffirmed a bullish view after a caller highlighted that 18 of 19 Wall Street analysts rate CLS Buy or Strong Buy. Cramer also pointed to the stock’s roughly 20%–25% pullback from its 52-week high as a reason the valuation may be more attractive. Jim Cramer Reaffirms Buy Stance
• Neutral Sentiment: The offering priced 9.68 million shares at $310 each, with the underwriters’ option increasing total shares sold to 11.13 million. The capital strengthens Celestica’s balance sheet, but investors will need to see sufficient returns from expansion spending to offset the larger share base. Celestica Announces Pricing of Equity Offering
• Negative Sentiment: CLS shares slid after the company announced the approximately $3 billion offering at a discount to the prevailing market price. The issuance is expected to dilute existing shareholders by roughly 8.4%–10% and could create near-term EPS headwinds. Celestica Shares Slide After Equity Offering
• Negative Sentiment: Insider selling added another cautionary signal: CEO Robert Mionis sold more than 149,000 shares across two transactions, while CFO Mandeep Chawla sold 16,117 shares. The sales substantially reduced their direct holdings, although insider transactions do not necessarily indicate a change in business outlook. Celestica Insider Trading

Wall Street Analysts Forecast Growth

CLS has been the subject of several recent analyst reports. TD boosted their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. BMO Capital Markets raised their price target on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce boosted their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Barclays lowered their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Bank of America restated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average target price of $435.80.

Celestica Stock Up 1.1%

The stock’s fifty day moving average price is $358.25 and its 200 day moving average price is $334.45. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The stock has a market cap of $36.55 billion, a P/E ratio of 33.05 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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 company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, research analysts forecast that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 337,225 shares of company stock worth $128,112,965. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica during the 4th quarter valued at $28,000. Swiss RE Ltd. bought a new stake in Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica in the fourth quarter worth $30,000. Sittner & Nelson LLC bought a new stake in Celestica in the fourth quarter worth $31,000. Finally, Ascentis Independent Advisors purchased a new stake in Celestica during the first quarter valued at about $29,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

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.