Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom

We recently published 10 Big Names With Double-Digit Upsides. Celestica Inc. (NYSE:CLS) is one of last week’s top performers.

Celestica saw its share prices soar by 24.6 percent week-on-week, as investor optimism from semiconductor giant Broadcom Inc. spilled over to its stock.

During the trading week, Celestica Inc. (NYSE:CLS) rallied for four straight days to touch a fresh 52-week high of $257.4 on Friday before trimming gains to end the day at $242.68.

Friday’s session mirrored the rally in shares of Broadcom, one of its largest customers, after the latter reported stellar earnings performance and clinched a new $10-billion custom chip supply deal with OpenAI.

Optimistic investors highly anticipated the new deal to largely benefit Celestica Inc. (NYSE:CLS) in terms of revenues, having been a longtime manufacturing and supply chain partner of the semiconductor giant.

In recent news, Celestica Inc. (NYSE:CLS) announced a 122-percent jump in its net income in the second quarter of the year, at $211 million versus $95 million in the same period last year. Revenues grew by 21 percent to $2.89 billion from $2.39 billion year-on-year.

For full-year 2025, Celestica Inc. (NYSE:CLS) raised its revenue growth outlook to $11.55 billion from the $10.85 billion expected previously, while that for the third quarter was pegged at a range of $2.875 billion to $3.125 billion.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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