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Celestica estimates are rising as AI infrastructure demand, new hyperscaler programs and strong cash flow boost Celestica's growth outlook.
When investors think about artificial intelligence, NVIDIA usually steals the spotlight. But the AI boom extends far beyond GPUs, creating opportunities across data preparation, networking, and infrastructure.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
BlackRock Inc. acquired a new position in shares of Celestica, Inc. (NYSE: CLS) (TSE: CLS) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 613,620 shares of the technology company's stock, valued at approximately $223,849,000. BlackRock Inc. owned about 0.53% of Celestica
Celestica delivered 62% revenue growth and 83% adjusted EPS growth, supported by strong AI infrastructure demand and expanding operating leverage. The Communications and Cloud Solutions segment generated 81% of sales, with server and storage revenue increasing 167% year-over-year during the quarter. Adjusted EBITDA margins expanded 80 basis points as higher volumes, improved product mix, and high-margin AI programs strengthened profitability operations.
Celestica (CLS) reported earnings 30 days ago. What's next for the stock?
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DELL, SANM and CLS offer diversified AI exposure as surging infrastructure spending boosts demand for servers, storage and networking.