We recently published a list of 10 Firms Buck Market Slump on Impressive Earnings, New Deals. In this article, we are going to take a look at where Celestica Inc. (NYSE:CLS) stands against other firms buck market slump on impressive earnings, new deals.
The stock market ended the trading week in the red territory following President Donald Trump’s announcement that he would begin slapping tariffs against major US trading partners.
The Dow Jones shed 0.75 percent, the S&P 500 lost 0.50 percent, while the Nasdaq Composite dropped by 0.28 percent.
Ten companies bucked a wider market decline amid a flurry of positive catalysts that sparked buying appetite. In this article, we will take a look at which companies posted notable gains and explore the reasons behind their performance.
To come up with Friday’s gainers, we only considered those with $2 billion in market capitalization and $5 million in daily trading volume.
A close-up of a circuit board with components depicting the intricate electronic componentry products the company produces.
Celestica Inc. (NYSE:CLS)
Celestica Inc. (NYSE:CLS) resumed a four-day winning streak on Friday, rising by 8.16 percent to finish at $123.47 apiece as investor sentiment was boosted by better-than-expected earnings last year coupled with an improved outlook for 2025.
In a statement released late Wednesday, Celestica (NYSE:CLS) said revenues for the fourth quarter of the year jumped by 19 percent to $2.55 billion, topping analyst expectations of $2.49 billion.
Earnings per share during the same period surged to $1.29 from 77 cents year-on-year.
Looking ahead, Celestica (NYSE:CLS) said it raised its full-year outlook as a reflection of its strengthening demand in Connectivity and Clouds Solutions (CCS) segment.
“We now anticipate revenue of $10.7 billion, an increase from our previous outlook of $10.4 billion, and non-GAAP adjusted EPS of $4.75, up from our previous outlook of $4.42,” Celestica said.
“Overall, the current demand environment for data center hardware is robust, as evidenced by recent customer forecasts as well as new AI program awards over the last 90 days, including our second and third 1.6T program wins. As such, we believe the positive momentum we are experiencing will continue beyond this year, and into 2026.”
Overall, CLS ranks 8th on our list of firms buck market slump on impressive earnings, new deals. While we acknowledge the potential of CLS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
