Celestica (CLS) Stock

TORONTO, January 2, 2025 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS) (NYSE: CLS), a top company in design, manufacturing, hardware platforms, and supply chain solutions for leading global firms, is happy to share that Amar Maletira has been appointed to its Board of Directors, starting January 1, 2025.

Lately, users of Zacks.com have been focusing on Celestica (CLS). This interest prompts a closer look at what the stock might offer.

Celestica (CLS) finished the last trading session at $93.82, which represents a decrease of 1.35% compared to the previous day's closing price.

The future growth looks promising, supported by positive trends in the CCS segments' markets. The shift in product mix is benefiting EBIT margins, and there is still potential for further improvement as the higher-margin CCS is likely to keep growing faster than ATS. Additionally, reducing inventory is enhancing net working capital efficiency, which could result in better free cash flow conversion.

Celestica (CLS) finished the latest trading session at $93.05, which represents a 1.02% increase from the previous day's closing price.

Celestica (CLS) has been getting a lot of interest from users on Zacks.com recently. Because of this, it's important to understand the factors that could affect the stock's future.

Celestica (CLS) has reached its highest point in the last year, but can investors expect further increases? We will examine the company's fundamentals for insights.

In the most recent trading session, Celestica (CLS) finished at $91.01, which is an increase of 1.16% compared to the previous day.

Since my last article, Celestica's stock has jumped by 45.81%, thanks to impressive earnings per share (EPS) and revenue results, which support my strong buy suggestion. The fast growth and better margins in the CCS segment are important factors that are boosting the company's overall revenue and EPS. Management's cautious forecast for 2025 may be too low, and analysts seem to agree with this view.