Movement Alert｜Celestica Rises 5.81% in After-Hours Trading, UBS Bullish Call Combined with Strong Earnings Expectations Fuel Rally

Market Focus

Jul 23

On July 23, Celestica rose 5.81% in after-hours trading, trading at $354.99/share, with turnover of $7.4245 million.

On the news front, UBS recently published a preview report stating that supply chain headwinds previously weighing on Celestica have eased, while Meta and Amazon demand for Ethernet switches remains robust. UBS indicated the company's current-quarter revenue could exceed market consensus by 3% to 4%. Celestica is scheduled to report earnings after market close on July 27, with consensus forecasting revenue of approximately $4.366 billion, representing 63.12% year-over-year growth, and adjusted EPS of $2.30, up 85.31% year-over-year. Institutional sentiment remains broadly bullish, and capital appears to be positioning ahead of the earnings window to front-run a potential beat.

(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.)

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