From Nasdaq: 2025-02-27 04:00:00

Celestica Inc. CLS is a technology stock with exposure to AI and energy transition, trading at a 20% discount. It’s projected to post double-digit growth in 2025 and 2026, with recent revenue growth of 21% and EPS up 58%. Celestica’s recent customer wins include AI-optimized networking solutions for tech giants like Meta and Amazon.

Celestica operates in advanced technology and connectivity solutions, offering design, engineering, manufacturing, and logistics services. The company has seen rapid growth, with revenue soaring from $5.6 billion in 2021 to $9.6 billion in 2024. It projects revenue growth of 12% in 2025 and 18% in 2026, with strong earnings expansion.

Celestica stock has surged 1,600% in the past five years, outperforming the tech sector and industry. The recent growth and AI selloff have positioned the stock 22% below its all-time high, presenting a buying opportunity. With a Zacks Rank #1 (Strong Buy), Celestica offers value and growth potential in the AI industry.

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Read more at Nasdaq: Bull of the Day: Celestica Inc. (CLS)