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Celestica Inc. (CLS) provides supply chain solutions in North America, Europe, and Asia. 
It operates through Advanced Technology Solutions, and Connectivity & Cloud Solutions segments.
The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
It also provides hardware platform solutions, which includes development of infrastructure platforms, and hardware and software design solutions and services which is used as-is, or customized for specific applications; and management of program including design and supply chain, manufacturing, and after-market support.
The company serves aerospace and defense, industrial, HealthTech, capital equipment, original equipment manufacturers, cloud-based, and other service providers, including hyperscalers, and other companies, as well as communication and enterprise markets including servers and storage.
Shares are heading higher in an upward trading channel and higher share prices are expected. On July 26th, CLS reported earnings of $0.55 per share on revenue of $1.94 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.48 per share on revenue of $1.82 billion.
Guided Higher: The company said it expects third quarter earnings of $0.56 to $0.62 per share on revenue of $1.90 billion to $2.05 billion. The previous consensus earnings estimate was $0.52 per share on revenue of $1.93 billion for the quarter ending September 30, 2023. The company also said it now expects 2023 earnings of approximately $2.25 per share on revenue of at least $7.85 billion.
Entry Point: $22.40
Stop Loss: $21.00
Trading Range: $8.21 to $24.26
Target Price: $24.60
