Celestica (CLS) reached a new 52-week high on July 24, with strong technical momentum and a 100% “Buy” signal. The stock is up over 200% in the past year and 80% year-to-date, but some caution it may be overvalued. Valued at $19.4 billion, Celestica is a major electronics manufacturing services company serving various sectors. Revenue is projected to grow by 13.63% this year and 17.12% next year, with earnings estimated to increase by 30.45% this year and an additional 21.27% next year. Wall Street analysts are bullish, but some advisory sites are split. The stock is currently hitting new highs and analysts project double-digit revenue and earnings increases. However, caution is advised due to volatility and speculation.
Read more at Yahoo Finance: This ‘Strong Buy’ Stock Has Tripled in the Last Year