On August 13, Celestica rose 5.09% in regular trading, trading at approximately $357.44/share, with turnover of $2.38 billion.
On the news front, the company completed a $3.45 billion equity offering on August 8, selling approximately 11.1 million common shares at $310 each, with underwriters fully exercising their overallotment option. The successful completion of the offering has eliminated market uncertainty, and the current share price now trades more than 15% above the $310 issuance price, signaling sustained capital confidence recovery.
Underpinning the rebound is robust fundamental performance. Celestica reported Q2 revenue of $4.7 billion, up 62% year-over-year, with adjusted EPS of $2.54 significantly beating the consensus estimate of $2.27. The company also raised its full-year revenue guidance to $20.5 billion, well above prior analyst expectations of $19.21 billion. Management indicated that revenue growth is expected to accelerate further into next year, supported by strong AI infrastructure demand and new program wins.
(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.)