CLS (US)

Our latest look at aggregate inventories up and down the technology supply chain on the heels of CQ2 EPS season highlighted what we still think is a tightening supply chain environment, likely well into 2027E….

We reiterate our Outperform and raise our 2026/2027E EPS from $10.15/$14.55 to $11.35/$19.30 on the share of Celestica (CLS; $352.59) after yet another emphatic Q2 “beat and raise” earlier in the week that highlighted further…

Last night, Flex (FLEX; $96.45; O/P) stunned the Street with news that its Board approved plans to spin off its Cloud & Power Infrastructure (CPI) portfolio, thereby creating two independent, publicly traded companies in a…

We raise our 2026/2027E EPS for Celestica (CLS; $361.54; O/P) from an already robust $8.75/$12.50 to now assume at least $10.15/$14.55, after the company produced a healthy Q1 EPS “beat and raise”. Admittedly, Q1 upside…

Yesterday, Amazon (AMZN; $248.28; NR) announced it is expanding on an existing collaboration with Anthropic, which further highlights how we see EMS providers continuing to benefit from their own specific relationships with AMZN, as per…

We reiterate our Outperform and raise our target from $400 to $475 on the shares of Celestica (CLS; $401.34) ahead of its Q1 results, scheduled for next Monday (4/27 after market). We note recent data…

We think investors should generally expect favorable Q1 results and guidance from the tech supply chain during CQ1 EPS season. Although, we think it reasonable to question, across a range of markets, if the ongoing…

We do not think it’s an “accident” that most electronics manufacturing services (EMS) stocks we follow are trading right around 52-week highs even in the face of what our checks suggest is heightened levels of…

The shares of Sanmina (SANM; $130.90; O/P) are down 28% over the past two months or back to where the stock was when the company completed the acquisition of ZT Systems’ data center infrastructure manufacturing…

We reiterate our Outperform and $400 target on the shares of Celestica (CLS; $273.58) after hosting an investor meeting earlier this week at OFC in Los Angeles, where we met with the IR team, including…