Celestica (NYSE:CLS) Stock Jumps 8.7% – Still a Buy?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded up 8.7% during mid-day trading on Wednesday. The company traded as high as $299.55 and last traded at $300.48. 3,422,619 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 2,457,940 shares. The stock had previously closed at $276.54.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica reported third-quarter adjusted earnings of $3.30 per share, ahead of the $3.02 consensus estimate, while revenue of approximately $5.74 billion exceeded expectations. Revenue increased roughly 83% year over year, driven by strong demand for AI networking and compute infrastructure. Celestica Q3 earnings report
• Positive Sentiment: Management raised its full-year 2026 outlook and provided an ambitious 2027 revenue target of about $40 billion, citing accelerating AI-related demand, expanding operating margins and growth in networking and proprietary ASIC products. Celestica third-quarter 2026 results
• Positive Sentiment: Several analysts and market commentators characterized the report and guidance as a potential AI “supercycle” for Celestica, with one new report issuing a Buy rating. Unusually heavy call-option activity also suggests increased short-term bullish speculation. New Buy rating for Celestica
• Neutral Sentiment: The strong results initially attracted substantial buying, but the stock had already fallen sharply over the preceding week and month. This indicates investors may be taking profits or reassessing expectations despite the improved fundamental outlook. Celestica stock cools despite earnings strength
• Negative Sentiment: Investors remain concerned about a reported free-cash-flow deficit, execution risk around the rapid 2027 growth targets and the stock’s historically high volatility. Those risks could weigh on the shares even as earnings and AI demand remain strong.

Wall Street Analysts Forecast Growth

Several research firms have commented on CLS. TD set a $430.00 target price on shares of Celestica and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Bank of America reaffirmed a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Celestica in a report on Thursday, October 15th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Finally, Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $446.91.

Celestica Trading Up 10.5%

The firm has a market capitalization of $35.14 billion, a price-to-earnings ratio of 28.93 and a beta of 2.01. The firm’s 50 day moving average is $325.96 and its 200 day moving average is $331.57. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.28. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Equities analysts forecast that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Activity at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 243,067 shares of company stock valued at $89,200,967. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in shares of Celestica in the 1st quarter valued at about $68,952,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Celestica in the third quarter valued at about $27,821,000. K.J. Harrison & Partners Inc bought a new stake in Celestica in the 2nd quarter valued at $1,092,000. Quantinno Capital Management LP increased its holdings in shares of Celestica by 73.7% during the first quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock worth $6,746,000 after purchasing an additional 10,164 shares during the period. Finally, Ninepoint Partners LP bought a new stake in Celestica during the second quarter worth about $2,880,000. 67.38% of the stock is owned by institutional investors.

Celestica Company Profile

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.