Celestica (NYSE:CLS) Trading 1.1% Higher – Time to Buy?

Posted by Brenda Bartman on Aug 7th, 2026

Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) shares shot up 1.1% during mid-day trading on Friday . The stock traded as high as $319.48 and last traded at $317.8940. Approximately 3,283,891 shares were traded during trading, an increase of 33% from the average session volume of 2,459,930 shares. The stock had previously closed at $314.53.

More Celestica News

Here are the key news stories impacting Celestica this week:

Positive Sentiment: Celestica completed the sale of 11,129,031 common shares, including the underwriters’ full option, at $310 per share. The approximately $3 billion in gross proceeds are intended to expand capacity and fund investments supporting strong, multiyear demand for AI infrastructure, data-center and networking products. Celestica Completes Equity Offering
Positive Sentiment: Recent coverage emphasized accelerating AI networking-switch revenue, gross-margin expansion and planned capital expenditures of roughly $1 billion. If successful, the investment could allow Celestica to meet hyperscaler demand and extend its growth runway. Celestica Just Unloaded Bad News – Buy It
Positive Sentiment: Jim Cramer reaffirmed a bullish view following the pullback from Celestica’s 52-week high. The article also noted that 18 of 19 covering Wall Street analysts held Buy or Strong Buy ratings, supporting the longer-term investment case. Jim Cramer Reaffirms Buy Stance
Neutral Sentiment: The offering strengthens Celestica’s balance sheet and finances expansion, but the newly issued shares are expected to create roughly 8.4%–10% near-term dilution. The longer-term benefit depends on whether additional capacity produces sufficient returns. Celestica’s $3 Billion Raise
Negative Sentiment: Investors reacted poorly to the discounted issuance because the higher share count may reduce per-share earnings and create EPS headwinds. The financing announcement prompted a sharp decline in the stock, while some analysts adopted more cautious views on valuation. Celestica Shares Slide After Equity Offering
Negative Sentiment: CEO Robert Mionis sold approximately $55.1 million of stock across August 4–5, while CFO Mandeep Chawla sold approximately $6.0 million on August 4. The insider selling may weigh on sentiment, although the transactions do not necessarily indicate a change in business outlook.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CLS. Rothschild & Co Redburn assumed coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target on the stock. Susquehanna boosted their price target on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Citigroup increased their price target on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $435.80.

Read Our Latest Stock Report on Celestica

Celestica Stock Up 1.1%

The company’s 50-day moving average is $359.62 and its 200 day moving average is $334.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market capitalization of $36.55 billion, a PE ratio of 33.05 and a beta of 2.06.

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 (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm posted $1.39 EPS. The firm’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. As a group, analysts anticipate that Celestica, Inc. will post 9.97 EPS for the current year.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 337,225 shares of company stock worth $128,112,965 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celestica

Several large investors have recently bought and sold shares of CLS. BlackRock Inc. purchased a new position in shares of Celestica in the 2nd quarter worth approximately $223,849,000. Deutsche Bank AG purchased a new stake in shares of Celestica during the second quarter valued at $106,511,000. Perigon Wealth Management LLC purchased a new stake in Celestica in the 2nd quarter valued at about $602,000. Commerzbank Aktiengesellschaft FI bought a new position in Celestica in the second quarter worth approximately $1,068,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Celestica during the second quarter valued at $2,187,000. Institutional investors own 67.38% of the company’s stock.

About Celestica

(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.