Celestica Sees Unusually Large Options Volume (NYSE:CLS)

Celestica, Inc. (NYSE:CLS) (TSE:CLS) saw some unusual options trading on Tuesday. Traders purchased 34,315 call options on the company. This represents an increase of 163% compared to the average volume of 13,024 call options.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. BMO Capital Markets restated an “outperform” rating and set a $400.00 price target on shares of Celestica in a research note on Friday. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Bank of America reiterated a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. UBS Group raised Celestica from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $410.00 to $430.00 in a report on Monday, August 24th. Finally, TD Cowen reiterated a “buy” rating on shares of Celestica in a report on Tuesday. Twenty-four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $448.30.

Celestica Price Performance

Shares of NYSE CLS traded up $29.63 during trading hours on Tuesday, hitting $276.28. 7,104,373 shares of the stock were exchanged, compared to its average volume of 2,448,220. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica has a 1-year low of $244.51 and a 1-year high of $474.02. The company has a market cap of $31.77 billion, a PE ratio of 28.84 and a beta of 2.01. The company’s fifty day simple moving average is $327.22 and its two-hundred day simple moving average is $331.72.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.37. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion. On average, sell-side analysts predict that Celestica will post 10.71 EPS for the current year.

Insider Buying and Selling at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 20,118 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the sale, the president owned 73,252 shares of the company’s stock, valued at $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 243,067 shares of company stock valued at $89,200,967 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Celestica in the first quarter worth approximately $68,952,000. Ferguson Wellman Capital Management Inc. bought a new stake in Celestica in the 3rd quarter worth approximately $27,821,000. K.J. Harrison & Partners Inc bought a new stake in Celestica during the second quarter valued at about $1,092,000. Quantinno Capital Management LP boosted its holdings in Celestica by 73.7% in the 1st quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock worth $6,746,000 after buying an additional 10,164 shares during the period. Finally, Ninepoint Partners LP bought a new position in shares of Celestica during the 2nd quarter valued at approximately $2,880,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q3 results exceeded expectations. Celestica reported revenue of $5.74 billion versus the $5.39 billion consensus estimate and adjusted earnings of $3.30 per share, topping estimates by $0.37. Earnings increased substantially from the prior year, supported by strong demand in its Communications and Connectivity Solutions (CCS) business. Celestica Q3 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. Q3 revenue and non-GAAP adjusted EPS came in above the high end of prior guidance, prompting higher full-year revenue and earnings expectations. Celestica Stock Pops on Strong Q3 Earnings
• Positive Sentiment: AI-driven growth expectations strengthened. Celestica introduced an ambitious multi-billion-dollar 2027 revenue target, widely reported at approximately $40 billion, while projecting accelerating growth and operating-margin expansion. Management also pointed to an AI infrastructure “supercycle” and stronger customer demand extending into 2028. Celestica AI Infrastructure Demand and 2027 Outlook
• Neutral Sentiment: The results improve Celestica’s growth profile and valuation case after a pre-earnings selloff, but the stock remains volatile and heavily dependent on sustained AI infrastructure investment, customer demand, and successful execution of its aggressive targets.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.