Jim Cramer Says Celestica "Belong in an Elite Camp of Contract Manufacturers"

Celestica Inc. (NYSE:CLS) is one of the stocks Jim Cramer recently talked about. Cramer said that the company belongs in “an elite camp of contract manufacturers,” as he remarked:

“Not even the incredible earnings news from Cadence Design Systems, also a fave of the show, and Celestica could help things. Cadence, a good partner of NVIDIA, blew away the numbers with a tremendous quarter. But who cares? I mean, we knew their business was great. Same with Celestica, which, along with Sanmina and FLEX LNG, belong in an elite camp of contract manufacturers devoted largely to tech. They have more than their fair share of orders. It’s a great time to be in that line of work, as we know, when we had FLEX on recently, after their amazing quarter.”

Celestica (NYSE:CLS) delivers supply chain and manufacturing services, including design, engineering, assembly, testing, logistics, and aftermarket support. Additionally, the company develops hardware platforms and software solutions for customers across multiple technology and industrial sectors.

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Disclosure: None. This article is originally published at Insider Monkey.