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Celestica: AI Capex Boom Still Promising, Baked-In Premium Triggers Downgrade
Seeking Alpha· 2024-11-04 16:00
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSM either through stock ownership, options, or other derivatives. I wrote this article mysel ...
Celestica Stock Is A Real AI Bargain Today
Seeking Alpha· 2024-11-02 08:43
With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.I initiated coverage of Celestica Inc. (NYSE: CLS ) stock in mid-March 2024 with a "Buy" rating, calling it "the ultimate AI pick at a reasonable price, unlike many other stocks in this space." In mid-July 2024 I decidedHe leads the investing group B ...
Earnings Estimates Rising for Celestica (CLS): Will It Gain?
ZACKS· 2024-10-30 17:21
Celestica (CLS) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this electronics manufacturing services company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends ...
Celestica (CLS) Is Up 19.99% in One Week: What You Should Know
ZACKS· 2024-10-30 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Celestica (CLS) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-10-30 17:01
Celestica (CLS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a ...
Celestica Announces TSX Acceptance of Early Renewal of Its Normal Course Issuer Bid
GlobeNewswire News Room· 2024-10-30 12:15
TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (NYSE: CLS) (TSX: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced that it has terminated its existing normal course issuer bid (the "Existing Bid"), which commenced on December 14, 2023 and had an expiry date of December 13, 2024, and the Toronto Stock Exchange (the "TSX") has accepted the Company's notice to launch a Normal Course Issuer Bid (the "New Bi ...
Celestica, Inc. (CLS) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-10-25 14:16
Shares of Celestica (CLS) have been strong performers lately, with the stock up 30.4% over the past month. The stock hit a new 52-week high of $68.44 in the previous session. Celestica has gained 132% since the start of the year compared to the 26.4% move for the Zacks Computer and Technology sector and the 23.3% return for the Zacks Electronics - Manufacturing Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ear ...
Celestica Q3: Defying Expectations With Undemanding Valuations
Seeking Alpha· 2024-10-24 15:45
JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...
Celestica Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2024-10-24 15:16
Celestica Inc. (CLS) recorded solid third-quarter results with  adjusted earnings and  revenues beating the respective Zacks Consensus Estimate. The Toronto-based electronics manufacturing service provider reported revenue growth year over year, backed by stronger-than-expected growth in the CCS segment.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Management’s strong emphasis on innovation, product diversification, and AI advancements are key growth drivers. Strong growth in adju ...
Celestica (CLS) Just Overtook the 20-Day Moving Average
ZACKS· 2024-10-24 14:36
After reaching an important support level, Celestica (CLS) could be a good stock pick from a technical perspective. CLS surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.The 20-day moving averag ...