Celestica (CLS) Bounces Back 15% on Bargain-Hunting

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

Celestica rebounded by 15.17 percent on Monday to close at $322.54 apiece as investors resorted to bargain-hunting after falling back to the $200 territory last week.

Last Friday, Celestica Inc. (NYSE:CLS) dropped to its lowest price in November—at $263.08—but ended the session slightly higher at $280.06. The previous session provided an opportunity for investors to load up portfolios at a bargain.

In other news, Celestica Inc. (NYSE:CLS) saw its net income in the third quarter of the year soar by 199 percent to $267.8 million from $89.5 million in the same period last year.

Revenues jumped by 27.8 percent to $3.194 billion from $2.499 billion year-on-year, hitting the high-end of its guidance range.

Additionally, Celestica Inc. (NYSE:CLS) raised its revenue growth outlook for the full-year 2025, now to $12.2 billion from $11.55 billion previously.

Non-GAAP adjusted EPS is now targeted at $5.90, higher than the $5.50 previously.

“Furthermore, we are announcing our 2026 annual outlook with revenue of $16 billion, and non-GAAP adjusted EPS of $8.20, representing growth of 31 percent and 39 percent, respectively. The demand outlook from our largest customers, who continue to make significant investments in AI data center infrastructure, remains strong, supporting our 2026 annual outlook with indications of these dynamics continuing into 2027,” the company said.

While we acknowledge the potential of CLS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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