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Celestica(CLS) - 2024 Q2 - Quarterly Report
2024-07-24 22:36
Exhibit 99.1 FOR IMMEDIATE RELEASE July 24, 2024 (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) CELESTICA ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Q2 2024 revenue and non-IFRS adjusted EPS* exceed the high end of guidance ranges; 2024 full-year outlook raised TORONTO, Canada - Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, ...
Celestica Announces Second Quarter 2024 Financial Results
Newsfilter· 2024-07-24 21:48
(All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) TORONTO, July 24, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX:CLS) (NYSE:CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended June 30, 2024 (Q2 2024)†. "We are pleased to deliver another quarter of very strong performance in Q2 2024, with revenue up 23% yearto-year ...
Celestica (CLS) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-07-24 17:45
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. While there are numerous reasons why the stock of this electronics manufacturing services company is a great growth pick right now, we have highlighted three of the most important factors below: While the historical EPS growth rate for Celestica is 36.9%, investors should actua ...
Is Celestica (CLS) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-07-24 14:46
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Celestica (CLS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. The Zacks Rank is a successful stock-picking model that ...
Despite Fast-paced Momentum, Celestica (CLS) Is Still a Bargain Stock
ZACKS· 2024-07-24 13:51
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 potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times. Celestica (CLS) is one of the several great candidates that made it through ...
Celestica Stock Has Only Become Cheaper -- 'Buy' Before Earnings Release
Seeking Alpha· 2024-07-23 13:29
Pixelimage CLS 24 97% Oakoff Investments [J] Sam $6.700 PE (FWD) My Thesis Update Canada Mar. 19, 2024 2:14 AM ET | Celestica Inc. (CLS) Stock, CLS:CA Stock Summary The company's strong financial performance includes increased revenue, improved operating profit margins, and successful Q4 results. I believe the CLS stock should trade 40% higher than today by the end of 2025, assuming the potential for revenue growth from the hyperscaler market continues and historically high margins are maintained. Seeking A ...
3 Disruptive Tech Stocks to Buy for a Market Rebound
Investor Place· 2024-07-20 11:43
The first company has solidified its market presence with impressive revenue gains in the retail and merchandise sectors. A recent legal victory enhancing financial stability further bolsters its fundamental solidity. On the other hand, the second company has capitalized on the rising demand for AI and networking solutions. It is driving substantial revenue growth and margin expansion. Finally, the third company has recordbreaking sales and profitability improvements. This points to its leadership in innova ...
Is Celestica (CLS) Stock a Smart Buy Ahead of Q2 Earnings?
ZACKS· 2024-07-19 15:15
Earnings Surprise History Our proven model does not conclusively predict an earnings beat for Celestica for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Image Source: Zacks Investment Research Image Source: Zacks Investment Research Celestica currently has an ESP of 0. ...
Celestica (CLS) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-07-18 22:50
Heading into today, shares of the electronics manufacturing services company had lost 3.81% over the past month, lagging the Computer and Technology sector's loss of 3.17% and the S&P 500's gain of 2.14% in that time. The most recent trading session ended with Celestica (CLS) standing at $56.32, reflecting a -0.91% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.78%. On the other hand, the Dow registered a loss of 1.29%, and the technology-centric Nasdaq decr ...
Celestica (CLS) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-12 22:51
In the latest trading session, Celestica (CLS) closed at $59.40, marking a -0.13% move from the previous day. This move lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.63%. Prior to today's trading, shares of the electronics manufacturing services company had gained 4.77% over the past month. This has lagged the Computer and Technology sector's gain of 5.73% and outpaced the S&P 500's gain of 4.28% in that time. The Zacks Rank system ran ...