Celestica Inc. (CLS) is a technology stock projected for double-digit sales and earnings growth.
From Zacks Investment Research: 2025-02-27 05:24:13
Celestica Inc. (CLS) is a technology stock providing exposure to growth in artificial intelligence and the energy transition. The company’s recent growth has it trading 20% below its all-time highs and 20% below its average Zacks price target. Celestica is projected to see double-digit sales and earnings growth in 2025 and 2026. The company operates in critical areas like AI data centers and energy industry expansion.
Celestica has two reportable units, Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The company’s recent growth has been impressive, with revenue growing 21% in 2024 and adjusted EPS up 58%. Celestica is expected to grow revenue by 12% in 2025 and 18% in 2026.
Celestica stock has seen significant growth, up 1,600% in the past five years and 166% in the past 12 months. The company quickly recovered from a recent selloff and trades at a discount to the Zacks Tech Sector in terms of earnings and sales multiples. Celestica is considered a great tech stock to buy and hold for value and AI growth.
Read more at Zacks Investment Research: Bull of the Day: Celestica Inc. (CLS) – February 27, 2025