From Zacks Investment Research: 2025-01-06 16:38:21

Celestica (CLS) stock hit a 52-week high of $101, up over +240% in the last year. As a major electronics manufacturing services company, Celestica provides printed circuit assembly and system assembly solutions to top OEMs in computer and communication markets. The company has benefited from AI infrastructure growth and reported record third quarter sales of $2.49 billion, up 22% YoY. With projected sales growth of 20% in fiscal 2024 and 8% in FY25, Celestica’s stock trades at 21.8X forward earnings, holding a Zacks Rank #3 (Hold) but showing potential for long-term investors in AI data center expansion.



Read more at Zacks Investment Research: Time to Buy Celestica (CLS) Stock for Higher Highs? – January 6, 2025