Loading…
Loading…
The AI infrastructure trade has broadened well beyond hyperscalers and GPU designers.
Bank of Nova Scotia lessened its holdings in Celestica, Inc. (NYSE: CLS) (TSE: CLS) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,819 shares of the technology company's stock after selling 10,441 shares during the
Celestica is reporting Q2 earnings on July 27, and the setup heading into that print raises a question most investors have not asked yet: what happens when a pick-and-shovel AI play trades at a discount to its own growth rate with 20 of 21 analysts already bullish?
Explore the exciting world of Celestica (CLS -1.20%) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
The latest trading day saw Celestica (CLS) settling at $335.5, representing a -1.2% change from its previous close.
CLS nears Q2 earnings with AI infrastructure demand, cloud growth and healthcare traction in focus as estimates edge higher ahead of the report.
Celestica is upgraded to Buy, with improved 2027 revenue visibility and recent valuation corrections presenting an attractive entry ahead of Q2. Q1 established a ~$25.5b revenue floor for 2027, covering ~95% of expectations, with further upside possible from new program wins. CLS benefits from AI infrastructure tailwinds, resolved component constraints, and a strong track record of guidance raises, supporting confidence in H2 and 2027 growth.
Celestica stock has moved into a bear market, mirroring the performance of other artificial intelligence (AI) companies. CLS dropped to $307 in New York, down by over 35% from its highest level this year.
SEC filings for CLS aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.