CA - Celestica: High Quant Rating Looks Well-Deserved

2024-06-25 07:00:48 ET

Summary

• Celestica's stock performance over the last decade has been extremely impressive, justifying its Quant rating upgrade last June.
• The company's business mix is strong, delivering various enterprise services to a wide array of end markets.
• Celestica's strong exposure to the increasing demand for AI/ML computing capacity will likely drive its financial performance over the long term.
• Having experience in hardware for AI gives the company potential to leverage Ai functionality to its legacy supply chain solutions business as this industry is expected to thrive over the next decade.
• Shareholder value creation is robust, supported by the company's accelerating EPS profile and optimistic outlook on Wall Street.

My thesis

SA Quant is a very interesting tool that helps exploring hidden gems like Celestica's ( CLS )(CLS:CA) stock which has almost a maximum 4.97 rating. The stock became a Strong Buy from Quant since last June, exactly a year ago. It was an excellent rating upgrade because the stock price increased by 280% since last June....

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