Celestica Is Still An Attractive AI Buy Despite The Recent Run-Up [Seeking Alpha]
Celestica, Inc. (CLS)
Last celestica, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
corporate.celestica.com/events-and-presentations
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Source: Seeking Alpha
The management has also put much of its increased cash flow to great use, attributed to the consistent share repurchases and expanded shareholder equity. On the other hand, due to CLS' inherently lower-margin manufacturing business model, readers must also temper their near-term expectations, especially given the ramp-up in Thailand/ Malaysia operations. The stock is likely to trade sideways over the next few quarters as it grows into its premium valuations, before things accelerate in 2025. The CLS Investment Thesis Remains Robust Despite The Recent Run-Up Celestica Inc. ( TSX: CLS:CA ) is another beneficiary of the ongoing generative AI boom, since the company is a manufacturer of enterprise-level data communications and information processing infrastructure products, including routers, switches, data center interconnects, edge solutions, and servers/ storage-related products. CLS supplies most of these products to OEMs and cloud-based service providers, while reporting t
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CLS
News
- Celestica Inc. (NYSE: CLS) had its price target raised by analysts at Canaccord Genuity Group Inc. from $48.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
- Celestica Inc. (NYSE: CLS) had its price target raised by analysts at Stifel Nicolaus from $36.00 to $48.00. They now have a "hold" rating on the stock.MarketBeat
- Celestica Inc. (NYSE:CLS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Celestica Inc. (NYSE: CLS) had its "neutral" rating re-affirmed by analysts at CIBC.MarketBeat
- Celestica Inc. Just Beat EPS By 44%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
CLS
Earnings
- 4/24/24 - Beat
CLS
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 8-A12B/A
- 4/25/24 - Form 6-K
- CLS's page on the SEC website