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Highlights

  • Celestica recently launched DS5000 high-performance 800GbE switch for data center and enterprise-class access deployments.
  • In FY23, the company’s top-line business jumped to USD 7,961.0 million from USD 7,250.0 million in FY22.
  • Celestica secured around USD 429.7 million cash from operation in FY23, versus USD 297.9 million in FY22.

A provider of supply chain solutions, Celestica Inc (TSX: CLS) has divided its business into two segments - Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). While ATS segment covers the ATS end market across A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses, its CCS segment includes Communications and Enterprise end markets. CS aims to launch new innovations in engineering and manufacturing for better networking, storage, and compute solutions to serve the accelerating needs of its cloud and enterprise customers.

Recently, the company launched DS5000 high-performance 800GbE switch for data center and enterprise-class access deployments.

In the fiscal year 2023, the company’s top-line business jumped to USD 7,961.0 million from USD 7,250.0 million in FY22. CLS secured a massive 68.1% growth in its net income for the reporting period.

Celestica secured around USD 429.7 million cash from operation in FY 2023, versus USD 297.9 million in FY22. Its free cash flow stood at USD 193.9 million in the reporting period, as compared to USD 93.8 million in FY22.

For the fiscal year 2024, Celestica is targeting a revenue of around USD 8.5 billion. It is expecting a higher free cash flow of about USD 200 million for FY24.                                               

 

Top 10 Shareholders:

Around 30.37% of the total shareholding is held by its top ten shareholders. While Connor, Clark & Lunn Investment Management Ltd. is the biggest shareholder with over ­­­5.15% shareholding in CLS, Letko, Brosseau & Associates Inc. is the second biggest shareholder with approximately 3.92% stake.

Stock Price Performance

CLS stock price has jumped by over 8.81% over the last one week. It has increase by around 26.43% in the last one month. The stock’s 52-week high and low price stand at CAD 62.80 and CAD 14.305, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 1, 2024. The reference data in this report has been partly sourced from EODHD/Others.