Celestica Inc (CLS) is Initiated by Macquarie to Outperform

Celestica Inc (CLS) was Initiated by Macquarie to “Outperform”. Macquarie advised their investors in a research report released on May 18, 2016.

On the company’s financial health, Celestica Inc reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.22. The company had revenue of $1353.30 million for the quarter, compared to analysts expectations of $1347.17 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Celestica Inc opened for trading at $10.09 and hit $10.36 on the upside on Monday, eventually ending the session at $10.22, with a gain of 2.30% or 0.23 points. The heightened volatility saw the trading volume jump to 12,79,554 shares. Company has a market cap of $1,465 M.

Celestica Inc. (Celestica) is a provider of supply chain solutions globally to original equipment manufacturers (OEMs) and service providers in the communications consumer diversified servers and storage end markets. The Company offers a range of services to its customers including design and development engineering services supply chain management new product introduction component sourcing electronics manufacturing assembly and test complex mechanical assembly systems integration precision machining order fulfillment logistics and after-market repair and return services. The Company’s products and services serve a range of applications including servers; networking wireless and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products for diagnostic imaging; audiovisual equipment; set top boxes; printer supplies; semiconductor equipment and a range of industrial and green technology products.

Celestica Inc

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