Time to Buy Celestica (CLS) Stock for Higher Highs?

Zacks01-07

Hitting a fresh 52-week high of $101 a share on Monday, Celestica CLS stock has soared over +240% in the last year. As one of the world’s largest electronics manufacturing services companies, it may ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501295336?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-07 04:08","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2501295336","market":"us","top_or_hot":-1,"title":"Time to Buy Celestica (CLS) Stock for Higher Highs?","media":"Zacks","content":"<div>\n<p>Hitting a fresh 52-week high of $101 a share on Monday, Celestica CLS stock has soared over +240% in the last year.\nAs one of the world’s largest electronics manufacturing services companies, it may ...</p>\n\n<a href=\"https://finance.yahoo.com/news/time-buy-celestica-cls-stock-200800534.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Time to Buy Celestica (CLS) Stock for Higher Highs?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTime to Buy Celestica (CLS) Stock for Higher Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 04:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/time-buy-celestica-cls-stock-200800534.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hitting a fresh 52-week high of $101 a share on Monday, Celestica CLS stock has soared over +240% in the last year.\nAs one of the world’s largest electronics manufacturing services companies, it may ...</p>\n\n<a href=\"https://finance.yahoo.com/news/time-buy-celestica-cls-stock-200800534.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1883839398.USD","symbol_name":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/time-buy-celestica-cls-stock-200800534.html","article_id":"2501295336","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501295336","pubTimestamp":1736194080,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hitting a fresh 52-week high of $101 a share on Monday, Celestica CLSstock has soared over +240% in the last year.As one of the world’s largest electronics manufacturing services companies, it may be worth discussing whether higher highs are in store for Celestica stock.Providing printed circuit assembly  and system assembly solutions, Celestica’s reach also extends to post-manufacturing support to many of the world’s leading original equipment manufacturers in the computer and communication markets.Speaking to Celestica’s breadth, the company has been a prime beneficiary of AI infrastructure growth.After such an incredible rally over the last year, Celestica stock lands a Zacks Rank #3 . Still, there is a lot to like about Celestica’s outlook especially as it relates to the ability to benefit from AI data center expansion. When considering this narrative and Celestica’s strong management, there is certainly the plausibility that long-term investors may continue to be reward","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","BK4084":"特种房地产投资信托","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","PSA":"公共存储公司","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","BK4134":"信息科技咨询与其它服务","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IBM":"IBM","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4097":"系统软件","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4581":"高盛持仓","ORCL":"甲骨文","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0109392836.USD":"富兰克林科技股A","DELL":"戴尔","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4528":"SaaS概念","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","HPE":"慧与科技","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","CLS":"天弘科技","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4588":"碎股"},"translate_title":"是时候购买天弘(CLS)股票以获得更高的高点了吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSA":1,"IBM":1,"HPE":1,"DELL":1,"CLS":1,"ORCL":1},"content_text":"Hitting a fresh 52-week high of $101 a share on Monday, Celestica CLS stock has soared over +240% in the last year.\nAs one of the world’s largest electronics manufacturing services companies, it may be worth discussing whether higher highs are in store for Celestica stock.\nProviding printed circuit assembly (PSA) and system assembly solutions, Celestica’s reach also extends to post-manufacturing support to many of the world’s leading original equipment manufacturers in the computer and communication markets.\nImage Source: Zacks Investment Research\nAI Data Center Boost \nSpeaking to Celestica’s breadth, the company has been a prime beneficiary of AI infrastructure growth. \nSpecifically, Celestica offers a range of cloud-optimized hardware solutions that are designed for cloud computing and AI data center technologies with some of its key customers including Dell Technologies DELL, Hewlett-Packard  HPE , IBM  IBM, and Oracle ORCL.\nCelestica’s Record Revenue \nCelestica has seen expansive top line growth thanks to its data center infrastructure and cloud computing components. Most recently, Celestica reported record third quarter sales of $2.49 billion in October which spiked 22% year over year. Overall, Celestica’s total sales are now expected to increase 20% in fiscal 2024 to what would be a record $9.6 billion. Plus, FY25 sales are projected to expand another 8%.  \nImage Source: Zacks Investment Research\nCelestica’s Increased Probability\nAdditionally, Celestica has seen record margins which has led to a peak in probability. Attributed to effective cost management, Celestica’s adjusted gross margin increased 90 basis points during Q3 to 10.7%.\nImage Source: Zacks Investment Research\nOn the bottom line, Q3 EPS climbed 60% to a peak of $1.04 compared to $0.65 a share in the comparative quarter. 58% EPS growth is now expected in FY24 with annual earnings forecasted to increase another 15% in FY25 to $4.44 per share.\nMore intriguing is that Celestica has posted an average earnings surprise of 13.21% in its last four quarterly reports and has now reached or exceeded the Zacks EPS Consensus for 22 consecutive quarters, dating back to July of 2019.\nImage Source: Zacks Investment Research\nMonitoring Celestica’s Valuation \nAt current levels, Celestica stock trades at 21.8X forward earnings which is roughly on par with the benchmark S&P 500 but above its Zacks Electronics-Manufacturing Services Industry average of 18.2X. Celestica does trade below the optimum level of less than 2X sales but above its industry average of 0.6X.\nImage Source: Zacks Investment Research\nBottom Line \nAfter such an incredible rally over the last year, Celestica stock lands a Zacks Rank #3 (Hold). Still, there is a lot to like about Celestica’s outlook especially as it relates to the ability to benefit from AI data center expansion. When considering this narrative and Celestica’s strong management, there is certainly the plausibility that long-term investors may continue to be rewarded.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCelestica, Inc. (CLS) : Free Stock Analysis Report\nInternational Business Machines Corporation (IBM) : Free Stock Analysis Report\nDell Technologies Inc. (DELL) : Free Stock Analysis Report\nOracle Corporation (ORCL) : Free Stock Analysis Report\nHewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501295336"}