TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. ("Celestica" or the "Corporation") ((NYSE, TSX:CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced that the previously announced Annual and Special Meeting of its shareholders (the "Meeting"), to be held on Thursday, April 25, 2024 at 9:30 a.m. EDT, has been changed from a virtual-only format to a hybrid format. Celestica welcomes the participation of shareho ...

Nikada Investment Thesis Celestica (NYSE:CLS) delivered Q4 results that were slightly better than I expected. But as I've stated throughout, as an inflection investor, it's much more important to understand and gauge what investors are pricing in, rather than simply picking out high-growth stocks. That being said, I am pleasantly surprised by the strength of Celestica's Q1 2024 outlook. Even though management has not put out particularly bullish guidance for 2024, I believe that management is simply being p ...

style-photography/iStock via Getty Images Technology is on track for its best year since 2021, as shown by its price performance below, tracked using the Technology Select Sector SPDR ETF (XLK). Driven by seven of the most significant stocks in the market, tech’s terrific bounce-back from 2022 marked a stellar rebound amid a year of changes and groundbreaking advancements. Although past performance does not guarantee future results, this year’s tech stocks reflect some of the best Quant ideas from early ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

Investors might want to bet on Celestica (CLS) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.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 str ...

Shares of Celestica (CLS) have been strong performers lately, with the stock up 22% over the past month. The stock hit a new 52-week high of $35.23 in the previous session. Celestica has gained 17.4% since the start of the year compared to the 3.5% move for the Zacks Computer and Technology sector and the 1.6% return for the Zacks Electronics - Manufacturing Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings cons ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX:CLS) (NYSE:CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, is pleased to announce the appointment of Kulvinder (Kelly) Ahuja to its Board of Directors effective January 29, 2024. "I'm pleased to welcome Kelly to the Board of Directors of Celestica," said Mike Wilson, Chair, Celestica's Board of Directors. "Kelly brings extensive industry knowledge and leadership acumen that will be va ...

IFRS Earnings from operations $ 40.6 $ 62.7 $ 78.4 $ 81.6 $ 59.4 $ 87.8 $ 117.4 $ 118.6 $ 383.2 $ 263.3 $ 167.7 $ 90.2 $ 99.8 Multiplier to annualize earnings 4 4 4 4 4 4 4 4 1 1 1 1 1 Annualized IFRS earnings from operations $ 162.4 $ 250.8 $ 313.6 $ 326.4 $ 237.6 $ 351.2 $ 469.6 $ 474.4 $ 383.2 $ 263.3 $ 167.7 $ 90.2 $ 99.8 Average Net Invested Capital for the period $ 2,000.7 $ 2,036.8 $ 2,044.2 $ 2,085.4 $ 2,127.1 $ 2,132.6 $ 2,155.9 $ 2,193.7 $ 2,152.8 $ 2,040.3 $ 1,682.2 $ 1,600.1 $ 1,719.7 IFRS ROIC ...

Celestica Inc. (NYSE:CLS) Q4 2023 Earnings Conference Call January 30, 2024 8:00 AM ET Company Participants Craig Oberg - VP, IR & Corporate Development Rob Mionis - President & CEO Mandeep Chawla - CFO Conference Call Participants Robert Young - Canaccord Maxim Matushansky - RBC Capital Markets Thanos Moschopoulos - BMO Daniel Chan - TD Securities Matt Sheerin - Stifel Todd Coupland - CIBC Operator Good day, ladies and gentlemen, and welcome to Celestica Q4 2023 Earnings Conference Call. At this time, all ...