Celestica (NYSE:CLS) Stock Price Down 2.6% – Should You Sell?

08 May 2026, 17:41 by Amy Steele · The Cerbat Gem

Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS)’s share price fell 2.6% during mid-day trading on Friday . The stock traded as low as $373.53 and last traded at $375.3180. 2,468,501 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 2,513,359 shares. The stock had previously closed at $385.21.

More Celestica News

Here are the key news stories impacting Celestica this week:

Positive Sentiment: Celestica boosted its 2026 outlook to about $19 billion in revenue and $10.15 in EPS, citing strong AI-driven demand across compute, networking, and new data center products. CLS’ Raised Outlook Oozes Confidence: Reason to Bet on the Stock?
Positive Sentiment: Celestica’s DS6000-series 1.6TbE switches are now available for order, marking a commercial launch that could expand its role in AI and machine learning data center infrastructure. Celestica (CLS) Announces Availability of 1.6TbE Switches for GenAI, ML Infrastructure
Positive Sentiment: Commentary from Jim Cramer highlighted Celestica as an AI winner to own into 2026, which may be helping reinforce investor enthusiasm for the stock. Jim Cramer Recommends a Caller to Play With the House’s Money in Celestica
Neutral Sentiment: Several articles reiterated Celestica as a strong growth and momentum stock, reflecting continued optimism but adding little new fundamental information. CLS’ Raised Outlook Oozes Confidence: Reason to Bet on the Stock?
Neutral Sentiment: Market commentary noted recent pullbacks and valuation questions after a strong multi-year run, but overall momentum remains intact. Assessing Celestica (TSX:CLS) Valuation After Strong Multi Year Returns And Recent Share Price Pullback

Analyst Upgrades and Downgrades

CLS has been the topic of several recent research reports. TD upped their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Barclays boosted their target price on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Aletheia Capital increased their target price on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Susquehanna lifted their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Finally, TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Check Out Our Latest Research Report on Celestica

Celestica Price Performance

The firm has a 50-day moving average of $320.48 and a 200-day moving average of $312.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market capitalization of $43.15 billion, a P/E ratio of 45.38, a PEG ratio of 0.96 and a beta of 2.09.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company earned $1.20 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, analysts predict that Celestica, Inc. will post 9.5 EPS for the current year.

Institutional Investors Weigh In On Celestica

Large investors have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID raised its holdings in shares of Celestica by 14.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after acquiring an additional 28 shares in the last quarter. Pinney & Scofield Inc. grew its holdings in shares of Celestica by 20.0% in the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares in the last quarter. Capital Planning LLC increased its position in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares during the last quarter. LeConte Wealth Management LLC raised its stake in Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock valued at $296,000 after purchasing an additional 34 shares in the last quarter. Finally, PCB Capital LLC lifted its position in Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. 67.38% of the stock is owned by 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.