FINWIRES · TerminalLIVE
FINWIRES

Research Alert: CFRA Keeps Buy On Celestica: Tremendous Fundamental Momentum & Cpo Program Win

By

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Q1 2026 was a double beat for CLS, and we maintain our Buy rating. More impressive than the beats was that guidance for 2026 was significantly increased from just a quarter ago. The 2026 revenue guidance was raised to $19.0B (from $17.0B) and adjusted EPS was increased to $10.15 (from $8.75), representing over $6.5B in revenue growth for the year. Additionally, its first CPO program was won with a hyperscaler, indicating the importance of CLS proprietary tech and cutting edge solutions (1.6T, optics). We increased our target price to CAD565 from CAD504. This is derived from our unchanged earnings multiple of 30x and unchanged EBITDA multiple of 24x our 2027 projections. We now expect revenue growth of +50% in 2026 and ~35% in 2027, with incremental operating leverage. We increase our 2026 EPS to $10.20 (from $9.18) and 2027's to $13.92 (from $11.98).

Related Articles

Asia

Baosteel's Attributable Profit Rises 41% in 2025

Baoshan Iron & Steel or Baosteel's (SHA:600019) attributable profit rose 41% to 10.3 billion yuan in 2025 from 7.36 billion yuan in 2024, according to a Thursday filing with the Shanghai bourse.Earnings per share at the steel manufacturer increased 41% to 0.48 yuan from 0.34 yuan in the previous year.Operating revenue slipped 1.4% year over year to 317.5 billion yuan from 322.1 billion yuan.

$SHA:600019
International

Malaysia's International Reserves Total $126.6 Billion at End-March

Malaysia's international reserves stood at $126.6 billion at end-March, according to data released by the central bank on Thursday.Other foreign currency assets were recorded at $69 million, with the breakdown outlining expected inflows and outflows over the next 12 months.Short-term foreign currency outflows totalled $9.90 billion, while net short forward positions came in at $23.2 billion, reflecting liquidity management in the domestic market. Contingent liabilities were limited to $846.4 million, Bank Negara Malaysia said.

$^KLSE
Australia

Update: Alphabet Q1 Earnings, Revenue Rise; Shares Jump Premarket

(Updates with the stock move in the headline and the first paragraph.)Alphabet's (GOOG, GOOGL) shares were up 6% in Thursday's premarket activity after the tech giant reported overnight Q1 earnings and sales above market expectations.The company reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier.Analysts polled by FactSet expected $2.63.Revenue for the quarter ended March 31 rose to $109.9 billion, up from $90.2 billion a year earlier.Analysts surveyed by FactSet expected nearly $106.96 billion.The company raised its quarterly cash dividend to $0.22 per share from $0.21, payable June 15 to stockholders of record as of June 8.Price: $368.21, Change: $+20.90, Percent Change: +6.02%

$GOOG$GOOGL