CLS Stock Summary and Trading Ideas (Celestica | NYSE:CLS)

Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.

Celestica trades on the NYSE stock market under the symbol CLS.

As of April 26, 2024, CLS stock price declined to $43.17 with 2,225,025 million shares trading.

CLS has a beta of 2.18, meaning it tends to be more sensitive to market movements. CLS has a correlation of 0.29 to the broad based SPY ETF.

CLS has a market cap of $5.13 billion. This is considered a Mid Cap stock.

Last quarter Celestica reported $2 billion in Revenue and $.86 earnings per share. This beat revenue expectation by $109 million and exceeded earnings estimates by $.14.

In the last 3 years, CLS stock traded as high as $51.12 and as low as $7.01.

The top ETF exchange traded funds that CLS belongs to (by Net Assets): FIVG, AIQ, TSME, DFAX, DFIC.

CLS has outperformed the market in the last year with a return of +280.4%, while the SPY ETF gained +27.0%. In the last 3 month period, CLS beat the market returning +36.1%, while SPY returned +4.6%. However, in the most recent 2 weeks CLS has underperformed the stock market by returning -6.2%, while SPY returned -1.8%.

CLS support price is $41.78 and resistance is $44.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLS stock will trade within this expected range on the day.