Celestica: A Bet On AI CapEx Growth
Source: SeekingAlpha
2026-05-06 04:51:18 ET
Celestica ( CLS ) benefited from strong demand for its Cloud services in the first quarter that are required in order to run large-scale Data Centers. As a result, Celestica crushed estimates for its first quarter. Yet, despite the company's raised guidance for FY 2026 and ramp in sector CapEx, shares dropped 14% after the report. I believe this sell-off was only a 'sell the news' kind of event, and I expect Celestica to continue to deliver a strong performance in 2026....
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Celestica: A Bet On AI CapEx Growth
Celestica Inc.
NASDAQ: CLS
CLS Trading
16.11% G/L:
$468.39 Last:
2,575,444 Volume:
$440.07 Open:
CLS Latest News
CLS Stock Data
$34,761,914,358
114,438,431
2.51%
343
N/A
Hardware & Equipment
Technology
CA
Toronto
