Stock Track | Celestica (CLS) Soars 5.52% Driven by Strong Q4 Earnings Outlook and Rising AI/Cloud Demand

Stock Track

Jan 29, 2025

Shares of Celestica Inc. (CLS) soared 5.52% in Tuesday's trading session, fueled by a robust fourth-quarter earnings outlook and growing optimism surrounding the company's expansion in the AI/Cloud Solutions segment.

Analysts are projecting Celestica to report strong Q4 2024 financial results, with an expected revenue of $2.532 billion, reflecting an 18.3% year-over-year increase, and earnings per share reaching $1.05, surpassing expectations for the fourth consecutive quarter. This anticipated strong performance is primarily attributed to Celestica's growing presence in the Connectivity & Cloud Solutions segment, driven by rising demand for AI/ML compute products and high-speed networking solutions.

Additionally, Celestica's recent launch of the DS4100 800G data center switch is expected to bolster its portfolio and cater to the high-bandwidth demands of modern data centers. The positive sentiment surrounding the company's growth prospects in the AI/Cloud market has boosted investor confidence, leading to the significant stock price surge.

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This anticipated strong","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLS":"天弘科技"},"translate_title":"受强劲的第四季度盈利前景和不断增长的人工智能/云需求推动，天弘(CLS)飙升5.52%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLS":1},"content_text":"Shares of Celestica Inc. (CLS) soared 5.52% in Tuesday's trading session, fueled by a robust fourth-quarter earnings outlook and growing optimism surrounding the company's expansion in the AI/Cloud Solutions segment.\nAnalysts are projecting Celestica to report strong Q4 2024 financial results, with an expected revenue of $2.532 billion, reflecting an 18.3% year-over-year increase, and earnings per share reaching $1.05, surpassing expectations for the fourth consecutive quarter. 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