Celestica (NYSE:CLS) Trading Down 6.6% – Time to Sell?

Posted by Brenda Bartman on Jul 29th, 2026

Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s stock price fell 6.6% during mid-day trading on Wednesday . The stock traded as low as $317.61 and last traded at $327.1620. Approximately 4,102,580 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 2,396,478 shares. The stock had previously closed at $350.20.

Key Celestica News

Here are the key news stories impacting Celestica this week:

Positive Sentiment: Q2 results significantly exceeded expectations. Revenue rose 62% year over year to approximately $4.70 billion, while adjusted EPS of $2.54 surpassed the $2.29 consensus estimate. Both revenue and adjusted EPS exceeded the high end of management’s guidance range. Celestica Announces Second Quarter 2026 Financial Results
Positive Sentiment: Management raised its 2026 outlook and signaled faster growth in 2027. Strong customer visibility, networking programs and hyperscaler capital spending support expectations for accelerating revenue and margin growth. Reports indicate the company lifted its 2026 revenue outlook to roughly $20.5 billion and expects 2027 growth to exceed 65%. Celestica Q2 Earnings Call Points to Faster Growth in 2027
Positive Sentiment: AI infrastructure demand is strengthening Celestica’s business mix. Its Connectivity & Cloud Solutions segment grew 84% year over year as cloud networking, storage and compute customers adopt higher-value data-center hardware and move programs into mass production. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
Positive Sentiment: Analysts increased price targets. JPMorgan raised its target to $485 and maintained an Overweight rating, while RBC lifted its target to $450 and reiterated Outperform, reinforcing bullish sentiment around Celestica’s AI exposure. JPMorgan Celestica Price Target Update
Neutral Sentiment: Wall Street’s average brokerage recommendation remains bullish, although analyst ratings can be biased toward optimistic views and may provide limited incremental information after the recent rally. Is It Worth Investing in Celestica Based on Wall Street’s Bullish Views?
Negative Sentiment: Valuation and profit-taking are near-term risks. With a price-to-earnings ratio around 34, a beta above 2 and a recent substantial advance, investors may be locking in gains or questioning how much AI-driven upside is already reflected in CLS stock. This helps explain the decline despite strong fundamentals.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CLS shares. Citigroup raised their price target on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Bank of America restated a “buy” rating on shares of Celestica in a research report on Wednesday. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their target price for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price target on shares of Celestica in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

View Our Latest Research Report on CLS

Celestica Stock Performance

The company has a market cap of $37.61 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. The business has a 50 day moving average price of $361.83 and a two-hundred day moving average price of $332.91. 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 – Get Free Report) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 41.69% and a net margin of 7.16%.The business’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, sell-side analysts anticipate that Celestica, Inc. will post 9.57 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 161,168 shares of company stock valued at $63,190,485 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Celestica

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bay Rivers Group increased its stake in shares of Celestica by 0.3% in the 2nd quarter. Bay Rivers Group now owns 14,922 shares of the technology company’s stock worth $5,444,000 after acquiring an additional 47 shares in the last quarter. Arista Wealth Management LLC grew its holdings in Celestica by 31.1% in the second quarter. Arista Wealth Management LLC now owns 4,714 shares of the technology company’s stock worth $1,720,000 after purchasing an additional 1,117 shares during the period. Tactive Advisors LLC purchased a new stake in Celestica in the second quarter worth about $509,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Celestica by 47.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,874 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Sunburst Financial Group LLC lifted its holdings in shares of Celestica by 13.7% during the second quarter. Sunburst Financial Group LLC now owns 830 shares of the technology company’s stock valued at $303,000 after purchasing an additional 100 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Company Profile

(Get Free Report)

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.