We just lately revealed 10 Large Names With Double-Digit Upsides. Celestica Inc. (NYSE:CLS) is one among final week’s prime performers.
Celestica noticed its share costs soar by 24.6 p.c week-on-week, as investor optimism from semiconductor large Broadcom Inc. spilled over to its inventory.
Through the buying and selling week, Celestica Inc. (NYSE:CLS) rallied for 4 straight days to the touch a recent 52-week excessive of $257.4 on Friday earlier than trimming positive aspects to finish the day at $242.68.
Friday’s session mirrored the rally in shares of Broadcom, one among its largest clients, after the latter reported stellar earnings efficiency and clinched a brand new $10-billion customized chip provide take care of OpenAI.
Optimistic buyers extremely anticipated the brand new deal to largely profit Celestica Inc. (NYSE:CLS) by way of revenues, having been a longtime manufacturing and provide chain accomplice of the semiconductor large.
In latest information, Celestica Inc. (NYSE:CLS) introduced a 122-percent bounce in its internet earnings within the second quarter of the yr, at $211 million versus $95 million in the identical interval final yr. Revenues grew by 21 p.c to $2.89 billion from $2.39 billion year-on-year.
For full-year 2025, Celestica Inc. (NYSE:CLS) raised its income progress outlook to $11.55 billion from the $10.85 billion anticipated beforehand, whereas that for the third quarter was pegged at a spread of $2.875 billion to $3.125 billion.
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Disclosure: None. This text is initially revealed at Insider Monkey.
