Celestica (NYSE:CLS) Trading Down 6.6% – What’s Next?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) fell 6.6% during mid-day trading on Wednesday . The company traded as low as $317.61 and last traded at $327.1620. 4,102,580 shares traded hands during trading, an increase of 71% from the average session volume of 2,396,478 shares. The stock had previously closed at $350.20.

More Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q2 results and improved outlook: Celestica exceeded consensus expectations with $4.68 billion in revenue and $2.54 in adjusted EPS, while revenue increased 62.4% year over year. Management raised its full-year outlook for the third time in six months. Celestica Q2 2026: Beat, Raise, Accelerate, And Still 31% Off The High
• Positive Sentiment: AI infrastructure demand remains a major growth driver: Enterprise revenue reportedly grew 162% year over year, with approximately 190% growth projected for the third quarter. New multibillion-dollar programs involving OpenAI’s custom accelerator and AMD’s Helios switch could support faster growth in 2027. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
• Positive Sentiment: Analysts remain bullish: RBC raised its target to $450 and maintained an “outperform” rating, while JPMorgan increased its target to $485 and kept an “overweight” rating. The broader analyst consensus implies roughly 31% potential upside. Wall Street Analysts See a 30.96% Upside in Celestica
• Neutral Sentiment: Investor attention is elevated: Celestica is among the stocks drawing increased attention from Zacks users following its earnings beat and AI-related growth outlook, but attention alone does not establish a change in fundamentals. Celestica Is Attracting Investor Attention
• Negative Sentiment: Valuation and sector volatility are weighing on the shares: After a sharp AI-led advance, investors may be taking profits and questioning whether accelerating earnings can justify the richer valuation. A broader cooling period across AI hardware stocks is also pressuring CLS, even though it continues to show relative strength. Celestica Q2: Showing Strength Amid The AI Pause

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Susquehanna increased their target price on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Barclays lowered their price target on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wolfe Research increased their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets raised their price objective on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a report on Tuesday. One 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $437.00.

Celestica Stock Performance

The stock’s 50 day moving average price is $361.44 and its 200 day moving average price is $333.55. The company has a current ratio of 1.23, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. The company has a market cap of $39.48 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 0.76 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, analysts expect that Celestica, Inc. will post 9.57 EPS for the current fiscal year.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the completion of the transaction, the chief executive officer owned 134,328 shares in the company, valued at $53,739,259.68. The trade was a 32.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 161,168 shares of company stock worth $63,190,485. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Celestica during the 4th quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica in the first quarter worth about $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the fourth quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the 4th quarter valued at about $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Celestica during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds 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.