Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Analysts expect Celestica sales to fall 14.3% to $1.48 billion in the fourth quarter, which will mean a sales decline of 11.6% in 2019. - The Market Signal - Tue Aug 25, 7:25AM CDT. Available for free with registration. Despite a solid third quarter, there are still a lot of uncertainties for Celestica investors. CLS is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. North America: +1 888-899-9998 Global: +1 416-448-5800 "remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); }, Unchecking box will stop auto data updates, Lightspeed looks for ‘profile-raising moment’ as stock debuts on NYSE, CEO says, The week’s most oversold and overbought stocks on the TSX, Thursday’s analyst upgrades and downgrades, Market movers: Stocks that saw action on Wednesday - and why. Celestica financial strength is of vital concern to both outside investors and internal stakeholders. Takes you to an interactive chart which cannot interact. Celestica (CLS) is traded on New York Stock Exchange in USA. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Celestica, however, has an unenviable record of missing earnings estimates. Yahoo is part of Verizon Media. Touch device users, explore by touch or with swipe gestures. GlobeNewswire 09/17/20. The upcoming quarterly report is expected on the 28th of October 2020. View, Security & Exchange Commission EDGAR Reports, Celestica Inc. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. All market data (will open in new tab) is provided by Barchart Solutions. Efficiency and cost control are keys to Celestica success along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. The Market Signal was created as a platform to help investors, if you own (TSE:EIF), (TSX:WTE) or (TSE:CLS) and want to join the fastest growing community of investors on the web then sign up to the link below. Please read the Privacy Statement and Terms of Service for more information. Celestica is listed under Electronic Equipment category by Fama And French … 3 Electronics Stocks Dragging The Industry Down. The semiconductor downcycle is also far from over and the trade war continues to impact sales. Canada’s K-shaped Recovery: How It Applies to You, The Pandemic Sale: Buy 3 Top Dividend Stocks for Less Than $75. It is located in 5140 Yonge Street and employs 21,500 people. ATS accounted for 37% of sales, while CCS made up the other 63%. We remain focused on driving productivity, successfully ramping new programs and diversifying our revenue mix to improve profitability and deliver strong and consistent financial returns over the long term.”. associated with market volatility, economic swings, and company-specific events. View which stocks have been most impacted by COVID-19. However, the company has looked to diversify its revenue base and provide value-added products. Company profile page for Celestica LLC including stock price, company news, press releases, executives, board members, and contact information Celestica (CLS) Stock Falls on Earnings Miss. Canada. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Sleep Country Canada Appoints Mandeep Chawla to the Board of Directors, Graycliff Announces Semiconductor Executive and Entrepreneur Dan Rubin as Operating Advisor, COVID-19s Impacts Demand on Medical Device Manufacturing Outsourcing Market 2020-2024 | Focus on Reducing Medical Device, Electronics Manufacturing Services Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic |, Celestica Releases 2019 Sustainability Report, COVID-19 Impacts: Medical Device Manufacturing Outsourcing Market will Accelerate at a CAGR of almost 11% through 2020-2024 |, Sustainable Innovation & Health Dividend Fund Announces Exchange Ratios, Celestica Announces Second Quarter 2020 Financial Results, Telecom Electronic Manufacturing Service Market to Garner $209.17 Bn, Globally, By 2027 at 6.5% CAGR: AMR, Burden of COVID-19 on the Market & Rehabilitation Plan | Electronics Manufacturing Services Market 2020-2024 | Increasing, 844 Don Mills Road The Motley Fool recommends BlackBerry. Read our. Aditya Raghunath | October 29, 2019 | More on: CLS CLS. View this premium StockCalc report to see this stock's valuation and how it was calculated using fundamental analysis. The stock has a Forward P/E ratio of 7.78. Corporate earnings are provided from Morningstar, including Income Statements,Balance Sheets, Cash Flow Statements, and Statement of Retained Earnings. The company announced its third-quarter results on October 24 and reported revenue of $1.52 billion with … For exchange delays and terms of use, please read disclaimer (will open in new tab). This fall in revenue since 2018 has driven the stock lower by 52% since April 2017. Celestica Releases 2019 Sustainability Report, Stocks Surging Above 50Days Moving Average (50SMA): $EIF $WTE $CLS, Descartes Announces Results of Annual and Special Shareholder Meeting. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Got $6,000 to Invest in a TFSA? Earnings Announcement for Period Ending Q3/2020. The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) announced that the following matters, as set out in more detail in its Management Information Circular dated April 28, 2020, were considered and voted on by shareholders at the annual and special meeting of shareholders held on Thursday, May 28, 2020 (the "Meeting"). By TheStreet Wire. It has done so for the last four quarters. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. It expects demand in the capital equipment vertical to remain soft and be impacted by cyclical decreases in demand. Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers' success. Celestica attributed the flat sales in the ATS segment to softness in the capital equipment business. Celestica is part of the cyclical semiconductor space. Turn It Into $138,460! Sales fell 11% year over year in the September quarter. Shares of supply chain solutions provider Celestica gained close to 8% yesterday. A premium report that provides detailed quantitative assessments of earnings, fundamentals, relative valuation, risk, price momentum and more. Real time Celestica (CLS) stock price quote, stock graph, news & analysis. © Copyright 2020 The Globe and Mail Inc. All rights reserved. Its CCS segment managed to grow operating margin year over year as well as sequentially driven by cost efficiencies and improved mix. For subscribers only. The company reported revenue above its own forecast of sales between $1.4 billion and $1.5 billion. It lost its biggest customer BlackBerry, which accounted for 20% of sales in 2012. To view this site properly, enable cookies in your browser. Since then, CLS shares have increased by 33.6% and is now trading at C$9.34. Analyst Ratings and Earnings Estimates are provided by Zacks Investment Research – including Buy/Hold Recommendations, Earnings Surprises, Estimates and Recommendations History. Celestica is listed under Electronic Equipment category by Fama And French industry classification. All rights reserved. Active investing themes Celestica currently participates. The advice algorithm takes into account all of Celestica available fundamental, technical, and predictive indicators. Your current horizon is 30 days -. Its reported operating margin of 2.8% was also above the forecast of 2.5%. Start trading like a pro today. Company CEO and President Rob Mionis stated, “We believe the actions we are taking are strengthening our company. They also expect earnings to rise by an annual rate of 12.5% between 2020 and 2023. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. For subscribers only. Celestica's stock was trading at C$6.99 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Members get free access to the best investment tools in the world. Toronto, ON M3C 1V7 They now expect sales to fall by 6.2% to $5.5 billion in 2020 and 3.8% to $5.33 billion in 2021. For one, the company needs to focus on improving its bottom line as sales continue to plummet. Returns since inception, October 2013. The Motley Fool owns shares of and recommends BlackBerry. This is a limited time offer so click the link below NOW. Price movement based on the high, low and last over the given period. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, Just $1.99 per week for the first 24 weeks, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(}function setPanelState(o){dom.root.classList[o?"add":"remove"](,dom.root.classList[o? Oct 21, 2015 1:27 PM EDT. This is your chance to get in early on what could prove to be very special investment advice. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Not to alarm you, but you’re about to miss an important event. Celestica Releases 2019 Sustainability Report. Find the latest CELESTICA INC., SV (CLS.TO) stock quote, history, news and other vital information to help you with your stock trading and investing.