Celestica's AI Play Drives Stock Surge

Celesticas stock soars 345% in a year, driven by AI data center demand. The companys connectivity and cloud solutions segment, accounting for 80% of revenue, surged 76% YoY in Q1, pushing total sales to $4.05 billion, up 53%. New programs, like a collaboration with AMD for Metas data centers, bolster growth. Management expects a robust pipeline through 2028 and improved margins from premium products, boosting adjusted EPS by 80% to $2.16. With full-year guidance raised to $19 billion in revenue and $10.15 in adjusted EPS, the stock could reach $640 by 2028, offering significant upside potential. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/399b071efa26219d