11 stories mentioning CLS
Every FINWIRES story that references CLS, newest first.
Michael Max Wilson, Director, on May 19, 2026, sold 4,168 shares in Celestica (CLS) for $1,389,236. Following the Form 4 filing with the SEC, Wilson has control over a total of 24,718 common shares of the company, with 24,718 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1030894/000119312526233029/xslF345X05/ownership.xml
Celestica (CLS) has an average rating of buy and mean price target of CA$613.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CIBC Capital Markets reiterated its outperformer rating on the shares of Celestica (CLS.TO, CLS) while raising its price target to US$480 from US$425 after the company reported its first-quarter financial results on Monday.The company's Q1 was in line on supply constraints that are now largely resolved, said CIBC, adding that the company reiterated an "aggressive 2026-2027 ramp-up" including with its key "digital-native" customer, which CIBC believes to be OpenAI."A near-term overhang is the narrative around OpenAI potentially overbuilding vs. demand and additional supply chain shortages, which could keep sentiment pressured," said CIBC. "Despite this, with hyperscaler capex visibility improving (GOOGL/META/AMZN) and H2/26 ramp-ups/expansions ahead, we still view guidance/Street as conservative and expect upward estimate drift through 2026 as Q1 prints de-risk capex assumptions."Celestica's "improved visibility" reflects its leadership in data center networking switches and expanding enterprise server programs, said CIBC, and added it now sees a "clearer multi-year ramp-up for 1.6T networking programs starting in late 2026 and accelerating into 2027, supported by multiple customers and its strategic partners including AVGO."Celestica's new hyperscaler Ethernet-switch contract win in the quarter, which ramps up in H2/27, also supports this view, added CIBC.While Q1 was impacted by supply constraints, these have subsided and the company has confidence it can both catch up in subsequent quarters and support demand through 2028, stated CIBC."We reiterate our Outperformer rating and frame the selloff as a buy-the-dip setup," said CIBC. "Our updated price target is (US)$480 and is based on a blended valuation of 32x our 2027E EPS forecast (primary) and 24x our 2027E EBITDA forecast (secondary)."CIBC's target multiples for Celestica reflect "improved visibility to upward revisions in AI datacentre capex spending from significantly improved model performance," added CIBC.Price: $500.53, Change: $+7.31, Percent Change: +1.48%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 2026 was a double beat for CLS, and we maintain our Buy rating. More impressive than the beats was that guidance for 2026 was significantly increased from just a quarter ago. The 2026 revenue guidance was raised to $19.0B (from $17.0B) and adjusted EPS was increased to $10.15 (from $8.75), representing over $6.5B in revenue growth for the year. Additionally, its first CPO program was won with a hyperscaler, indicating the importance of CLS proprietary tech and cutting edge solutions (1.6T, optics). We increased our target price to CAD565 from CAD504. This is derived from our unchanged earnings multiple of 30x and unchanged EBITDA multiple of 24x our 2027 projections. We now expect revenue growth of +50% in 2026 and ~35% in 2027, with incremental operating leverage. We increase our 2026 EPS to $10.20 (from $9.18) and 2027's to $13.92 (from $11.98).
RBC Capital Markets maintained its outperform rating and US$400 price target on the shares of Celestica (CLS.TO, CLS) after the company reported its first-quarter financial results on Monday.The bank believes Celestica delivered "another solid beat and raise.""Even though the magnitude of the Q1 beat was smaller than Celestica's TTM average, the increase in FY26 guidance is more than double the increase last quarter," the bank noted."Additionally, Celestica's comments imply FY27 revenue above consensus, said analyst Paul Treiber. "The shares are down ~8% after-hours, which may reflect high investor expectations for the quarter, given the 51% rally in the stock over the last month."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $493.23, Change: $-83.52, Percent Change: -14.48%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 revenues of $4.05B (+53%) and adjusted EPS of $2.16 (+80%) both exceeded guidance on accelerating hyperscaler demand. Adjusted operating margin reached a record 8.0%, due to higher-value CCS offerings, which grew 76% to $3.24B, with segment margin expanding to 8.6%. The company secured a new CPO switch program with a hyperscaler customer expected to ramp in 2027, and we expect more color tomorrow. Management raised 2026 guidance to $19.0B revenue (from $17.0B) and $10.15 adjusted EPS (from $8.75), representing over $6.5B in revenue growth. Stronger growth is anticipated for 2027 based on improved customer visibility and new program wins. The company enlarged its balance sheet by upsizing its credit facility to $2.5B, with revolver capacity increased to $1.75B. FCF of $137.9M remained robust despite elevated capex of $218.4M to support capacity expansion. Share buybacks slowing, FCF guidance lagging, and a +50% month may be contributing to the after-hours selloff.
Celestica (CLS.TO, CLS) shares were last seen down 8.6% in after-hours New York trading after the company on Monday reported higher first-quarter profit and revenue and raised 2026 outlook.The data-center infrastructure company said its adjusted earnings, excluding most one-time items, rose to US$249.5 million, or US$2.16 per share, up from US$140.1 million, or US$1.20, in the year-prior quarter. FactSet expected US$2.07 per share.Revenue rose to US$4.05 billion from US$2.65 billion in the year-ago quarter. FactSet estimated US$4.04 billion."We continue to see accelerating growth from our CCS customer base, alongside increasing profitability in both our CCS and ATS segments. Driven by this momentum, we are raising our 2026 annual outlook to US$19 billion in revenue and US$10.15 in adjusted EPS (non-GAAP). Our outlook for 2027 also continues to strengthen from just 90 days ago, supported by new program wins as well as improved forecast visibility with our customers," Chief Executive Rob Mionis said.For the second quarter, the company expects revenue to range between US$4.15 billion and US$4.45 billion, and adjusted earnings per share are expected to be between US$2.14 and US$2.34.Celestica shares were last seen down US$36.21 to US$386.00. They closed up C$15.74 to C$576.75 on the Toronto Stock Exchange.
Celestica (CLS) reported Q1 adjusted earnings late Monday of $2.16 per diluted share, up from $1.20 a year earlier.Analysts polled by FactSet expected $2.07.Revenue for the three months ended March 31 was $4.05 billion, up from $2.65 billion a year earlier.Analysts surveyed by FactSet expected $4.04 billion.For Q2, the company expects adjusted EPS of $2.14 to $2.34 on revenue of $4.15 billion to $4.45 billion. Analysts expect EPS of $2.13 on revenue of $4.17 billion.The company now expects 2026 adjusted EPS of $10.15 on revenue of $19 billion, revised from $8.75 and $17 billion, respectively, expected earlier. Analysts expect EPS of $8.93 on revenue of $17.34 billion.
TD Securities raised its price target on Celestica (CLS.TO, CLS) to US$350 from US$330 on Monday.Analyst John Shoo maintained a Hold rating on shares of the Canadian multinational electronics manufacturing services company ahead of its Q1 results on April 27."We see a low performance shortfall risk and expect the typical 'beat and raise' pattern to continue," Shoo said in a note to clients."The stock's recent rally nonetheless sets the bar higher and prices in perfect execution," the analyst said."Following improved visibility into 2027, we are adjusting our estimates and increasing CCS growth rates to 44% y/y."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $541.86, Change: $-1.03, Percent Change: -0.19%
CIBC Capital Markets raised its price target on Celestica Inc. (CLS.TO, CLS) to US$425 from US$360.Analyst Todd Coupland maintained an Outperformer rating on shares of the Canadian electronics manufacturing services company ahead of its fiscal Q1 results on April 27."We continue to view management's guidance - and current FactSet consensus for Q1 and 2026 - as conservative, reflecting improved visibility into capex plans at key hyperscalers (GOOGL, META, AMZN) and OpenAI," Coupland said in a note to clients."Since March 2022, results have exceeded consensus by an average of ~5% on revenue and ~10% on EPS," the analyst said. "Notably, the 2025 results were ~20% higher than the initial Outlook provided in October 2024.""Recent announcements suggest this trend has continued and is pulling forward customer demand from 2027 into 2026, supporting our positive thesis," Coupland said."We raised our target multiples for Celestica to reflect improved visibility to upward revisions in AI datacentre capex spending from significantly improved model performance."
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We downgraded Celestica from Strong Buy to Buy on valuation as shares and valuation multiples have risen ~25% in a month. We raise our target price to CAD504 from CAD444 on an earnings multiple of 30.0x (+2.0x) and EBITDA multiple of 24.0x (+4.0x) as the AI infrastructure space has rebounded and digested the turmoil in the Middle East. We continue to believe CLS is best-in-class, and we remain confident in its positioning with hyperscalers and do not foresee an AI infrastructure slowdown. Q4 and FY earnings revealed a strong double beat, with FY 26 guidance raised and plans to increase manufacturing on $1B capex spend (~5x increase Y/Y) and an additional hyperscaler win. We view the results as bullish and continue to like the company's execution amid the AI megatrend.