Celestica (NYSE:CLS) Stock Falls 4.1% – Time to Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were down 4.1% during trading on Thursday. The stock traded as low as $346.80 and last traded at $356.3340. 2,147,859 shares traded hands during trading, a decline of 11% from the average daily volume of 2,411,172 shares. The stock had previously closed at $371.57.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica is benefiting from strong demand for AI infrastructure, including 800G and 1.6T networking, custom chips and related manufacturing services. Analysts highlighted partnerships and opportunities involving hyperscalers, frontier AI companies and chip leaders such as AMD and Google, with one outlook projecting more than $27 billion in fiscal 2027 revenue. Celestica: The Market Will Wake Up From Its Slumber Eventually
• Positive Sentiment: The company is expanding its communications portfolio with 1.6-terabit Ethernet, optical technologies and open-networking solutions aimed at AI and cloud customers. This broadens Celestica’s addressable market and could strengthen its role in next-generation data-center infrastructure. Can Celestica’s Expanding Communications Portfolio Benefit the Stock?
• Positive Sentiment: Recent investor interest follows a strong year-to-date advance and Celestica’s latest quarterly earnings beat, when revenue and adjusted earnings exceeded expectations and revenue grew substantially year over year. Celestica Rises 25.7% YTD: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Several recent articles mainly reflect heightened search activity and investor debate rather than a new company announcement or material change to guidance. One commentary describes the stock as volatile and discusses whether investors should buy, sell or hold after its recent gains. Celestica Is Attracting Investor Attention
• Negative Sentiment: Valuation and execution risks could limit further upside. Commentary points to customer concentration, intense competition, potentially lower-margin growth and the possibility that hyperscaler capital spending normalizes after 2027. A separate analysis characterized CLS as still overvalued despite a high-quality score, contributing to recent volatility. Celestica Stock Down but Still Overvalued

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CLS shares. Stifel Nicolaus set a $500.00 price objective on Celestica in a research note on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price target on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, Wolfe Research increased their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Twenty-three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $450.50.

Celestica Trading Up 1.6%

The stock’s fifty day moving average price is $334.06 and its 200 day moving average price is $348.84. The stock has a market cap of $41.64 billion, a P/E ratio of 37.64 and a beta of 2.01. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Celestica’s quarterly revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities research analysts expect that Celestica, Inc. will post 10.71 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLS. Cibc World Market Inc. bought a new stake in shares of Celestica during the second quarter valued at approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Celestica during the second quarter valued at $674,199,000. Royal Bank of Canada increased its holdings in Celestica by 13.8% in the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock valued at $361,553,000 after acquiring an additional 156,040 shares during the last quarter. Bank of America Corp DE purchased a new stake in Celestica in the 2nd quarter worth $444,899,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Celestica during the 2nd quarter valued at about $351,717,000. Institutional investors own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.