On August 12, Celestica rose 5.7% in regular trading, trading at $325.925/share, with turnover of $139 million. The rebound was driven by the successful completion of a $3.45 billion equity offering announced on August 8.

The company sold approximately 11.1 million shares of common stock at $310 per share, with underwriters fully exercising the overallotment option. The completion of the offering removed a key market overhang, and with the stock now trading significantly above the $310 offering price, investor confidence recovered to push shares higher. The broader Electronic Manufacturing Services sector also showed strength, with Fabrinet up 8.0%, TTM Technologies up 6.82%, and Flex Ltd up 5.16%.

For context, Celestica previously reported Q2 revenue of $4.7 billion, up 62% year-over-year, with adjusted EPS of $2.54 beating estimates of $2.27. The company also raised full-year revenue guidance to $20.5 billion and indicated that revenue growth would further accelerate into the following year, supported by strong AI infrastructure demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)