Celestica (NYSE:CLS) Shares Down 2.6% - What's Next?

Key Points

• Celestica shares fell 2.6% on Friday, trading as low as $373.53 before closing at $375.32, with volume slightly below average.
• The company raised its 2026 outlook to about $19 billion in revenue and $10.15 in EPS, driven by strong AI-related demand in compute, networking, and data center products.
• Wall Street remains bullish, with several analysts hiking price targets and the consensus sitting at a Moderate Buy with an average target price of $427.42.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS's stock price traded down 2.6% during mid-day trading on Friday . The company traded as low as $373.53 and last traded at $375.3180. 2,468,501 shares changed hands during trading, a decline of 2% from the average session volume of 2,513,359 shares. The stock had previously closed at $385.21.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica boosted its 2026 outlook to about $19 billion in revenue and $10.15 in EPS, citing strong AI-driven demand across compute, networking, and new data center products. CLS' Raised Outlook Oozes Confidence: Reason to Bet on the Stock?
• Positive Sentiment: Celestica’s DS6000-series 1.6TbE switches are now available for order, marking a commercial launch that could expand its role in AI and machine learning data center infrastructure. Celestica (CLS) Announces Availability of 1.6TbE Switches for GenAI, ML Infrastructure
• Positive Sentiment: Commentary from Jim Cramer highlighted Celestica as an AI winner to own into 2026, which may be helping reinforce investor enthusiasm for the stock. Jim Cramer Recommends a Caller to Play With the House’s Money in Celestica
• Neutral Sentiment: Several articles reiterated Celestica as a strong growth and momentum stock, reflecting continued optimism but adding little new fundamental information. CLS' Raised Outlook Oozes Confidence: Reason to Bet on the Stock?
• Neutral Sentiment: Market commentary noted recent pullbacks and valuation questions after a strong multi-year run, but overall momentum remains intact. Assessing Celestica TSX: CLS Valuation After Strong Multi Year Returns And Recent Share Price Pullback

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Aletheia Capital increased their target price on Celestica from $330.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Bank of America lifted their price target on Celestica from $400.00 to $430.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Wolfe Research upgraded Celestica to a "strong-buy" rating in a research report on Tuesday, February 17th. The Goldman Sachs Group reissued a "buy" rating and set a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada lifted their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $427.42.

Celestica Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The business has a 50-day simple moving average of $320.48 and a 200 day simple moving average of $312.59. The firm has a market cap of $43.15 billion, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 0.96 and a beta of 2.09.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.08. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business's quarterly revenue was up 52.8% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Celestica by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company's stock worth $1,423,333,000 after acquiring an additional 73,022 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company's stock valued at $1,187,650,000 after purchasing an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company's stock worth $1,081,323,000 after purchasing an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Celestica by 471.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company's stock worth $775,133,000 after purchasing an additional 2,596,318 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Celestica by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company's stock worth $673,471,000 after purchasing an additional 356,797 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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