Traders Purchase High Volume of Call Options on Celestica (NYSE:CLS)

Key Points

• Unusually heavy call-option activity targeted Celestica, with 34,315 call options purchased—about 163% above the average daily volume.
• Celestica’s third-quarter results beat expectations, with revenue of $5.74 billion and adjusted EPS of $3.30, prompting management to raise its 2026 outlook.
• AI infrastructure demand is strengthening the growth outlook: management expects accelerating growth and has outlined an approximately $40 billion revenue target for 2027, though the stock remains volatile and dependent on sustained customer demand and execution.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS was the target of unusually large options trading activity on Tuesday. Stock investors acquired 34,315 call options on the stock. This represents an increase of approximately 163% compared to the average daily volume of 13,024 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce increased their target price on shares of Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Barclays reduced their target price on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Weiss Ratings downgraded shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Stifel Nicolaus set a $500.00 price objective on Celestica in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Celestica in a research report on Thursday, October 15th. Twenty-four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $448.30.

More Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q3 results exceeded expectations. Celestica reported revenue of $5.74 billion versus the $5.39 billion consensus estimate and adjusted earnings of $3.30 per share, topping estimates by $0.37. Earnings increased substantially from the prior year, supported by strong demand in its Communications and Connectivity Solutions (CCS) business. Celestica Q3 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. Q3 revenue and non-GAAP adjusted EPS came in above the high end of prior guidance, prompting higher full-year revenue and earnings expectations. Celestica Stock Pops on Strong Q3 Earnings
• Positive Sentiment: AI-driven growth expectations strengthened. Celestica introduced an ambitious multi-billion-dollar 2027 revenue target, widely reported at approximately $40 billion, while projecting accelerating growth and operating-margin expansion. Management also pointed to an AI infrastructure “supercycle” and stronger customer demand extending into 2028. Celestica AI Infrastructure Demand and 2027 Outlook
• Neutral Sentiment: The results improve Celestica’s growth profile and valuation case after a pre-earnings selloff, but the stock remains volatile and heavily dependent on sustained AI infrastructure investment, customer demand, and successful execution of its aggressive targets.

Celestica Price Performance

Shares of Celestica stock traded up $29.63 during trading hours on Tuesday, reaching $276.28. The stock had a trading volume of 7,104,373 shares, compared to its average volume of 2,448,220. The firm has a market capitalization of $31.77 billion, a PE ratio of 28.84 and a beta of 2.01. Celestica has a twelve month low of $244.51 and a twelve month high of $474.02. The stock's 50 day moving average is $327.22 and its 200 day moving average is $331.72. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.37. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The company had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.39 billion. Equities analysts expect that Celestica will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Todd C. Cooper sold 20,118 shares of the business's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the sale, the president directly owned 73,252 shares of the company's stock, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 243,067 shares of company stock valued at $89,200,967. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. acquired a new stake in Celestica in the second quarter valued at about $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Celestica in the 2nd quarter valued at about $674,199,000. Bank of America Corp DE purchased a new stake in Celestica in the 2nd quarter valued at about $444,899,000. Royal Bank of Canada lifted its stake in shares of Celestica by 13.8% in the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company's stock valued at $361,553,000 after purchasing an additional 156,040 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Celestica during the 2nd quarter valued at about $351,717,000. Institutional investors and hedge funds own 67.38% of the company's stock.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.