Celestica (CLS) Shares Surge with Strong Institutional Support

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Celestica Inc. (CLS, Financial) saw a significant stock price increase of 5.01%. The stock is currently trading at $58.50 per share with a trading volume of 1.23 million shares, a turnover rate of 1.04%, and a price fluctuation of 4.58%.

According to the latest financial report, Celestica posted a revenue of $2.392 billion and a net profit of $99.6 million, resulting in an earnings per share (EPS) of $0.84. The company's gross profit was $245 million with a price-to-earnings (P/E) ratio of 19.11.

Institutional ratings reveal strong confidence in Celestica, with 90% of participating analysts recommending a "buy" and 10% suggesting a "hold," with no "sell" recommendations.

Within the electronic components sector, which rose by 0.45%, other active stocks included Microcloud Hologram Inc and Maris Tech Ltd. Celestica, along with its peers, such as Microcloud Hologram Inc, showed varying degrees of turnover and price fluctuation.

Celestica Inc provides supply chain solutions through its Advanced Technology Solutions (ATS) and Connectivity and Cloud Solutions (CCS) divisions. While ATS focuses on aerospace, defense, industrial, health tech, and capital equipment sectors, CCS primarily serves the communications and enterprise sectors, including server and storage businesses. Most of the company's revenue is generated from the CCS division.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.