Celestica (CLS) Jumps to New High on Strong Income, Optimistic Outlook

We recently published 10 Shock Winners on Wall Street. Celestica Inc. (NYSE:CLS) is one of the best-performing stocks on Monday.

Celestica rallied for a third day on Tuesday to hit a new high as investors took heart from an impressive earnings performance, higher growth guidance, and bullish analyst ratings.

During the session, the company soared to as high as $208.66 before paring gains to end the day just up by 16.51 percent at $202 apiece.

In its earnings release, Celestica Inc. (NYSE:CLS) said net income in the second quarter of the year more than doubled to $211 million from $95 million in the same period last year, while revenues increased by 21 percent to $2.89 billion from $2.39 billion year-on-year.

In the first half, net income increased by 59 percent to $297.2 million from $186.8 million, while revenues rose by 20 percent to $5.5 billion from $4.6 billion.

Given the strong performance, Celestica Inc. (NYSE:CLS) raised its 2025 growth outlook, with revenues now pegged at $11.55 billion versus the $10.85 billion previous guidance.

Adjusted EPS was also expected to settle at $5.5, versus the $5 previously.

Following the results, investment firm Stifel raised its price target for Celestica Inc. (NYSE:CLS) to $230 from $150 previously, while maintaining a “buy” recommendation.

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