Celestica (NYSE:CLS) Stock Price Down 6.9% – Here’s What Happened

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) traded down 6.9% during mid-day trading on Thursday . The stock traded as low as $375.00 and last traded at $385.1410. 3,120,987 shares were traded during trading, an increase of 24% from the average session volume of 2,513,314 shares. The stock had previously closed at $413.87.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica boosted its 2026 outlook to about $19 billion in revenue and $10.15 in EPS, citing strong AI-driven demand across compute, networking, and new data center products. CLS’ Raised Outlook Oozes Confidence: Reason to Bet on the Stock?
• Positive Sentiment: Celestica’s DS6000-series 1.6TbE switches are now available for order, marking a commercial launch that could expand its role in AI and machine learning data center infrastructure. Celestica (CLS) Announces Availability of 1.6TbE Switches for GenAI, ML Infrastructure
• Positive Sentiment: Commentary from Jim Cramer highlighted Celestica as an AI winner to own into 2026, which may be helping reinforce investor enthusiasm for the stock. Jim Cramer Recommends a Caller to Play With the House’s Money in Celestica
• Neutral Sentiment: Several articles reiterated Celestica as a strong growth and momentum stock, reflecting continued optimism but adding little new fundamental information. CLS’ Raised Outlook Oozes Confidence: Reason to Bet on the Stock?
• Neutral Sentiment: Market commentary noted recent pullbacks and valuation questions after a strong multi-year run, but overall momentum remains intact. Assessing Celestica (TSX:CLS) Valuation After Strong Multi Year Returns And Recent Share Price Pullback

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. TD increased their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Aletheia Capital raised their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price objective on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Barclays boosted their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Price Performance

The stock has a 50-day simple moving average of $320.48 and a 200 day simple moving average of $312.59. The stock has a market capitalization of $43.15 billion, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 0.90 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, equities analysts forecast that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica in the 4th quarter valued at about $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the 1st quarter valued at about $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the 4th quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.