Why Celestica (CLS) Stock Is Down Today

Celestica (CLS) is down 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a mix of pre-earnings risk reduction and continued volatility across AI infrastructure and server-related stocks, rather than a clear new negative announcement from Celestica itself. This could be because expectations are already very high after the company’s strong first-quarter results and sharply higher 2026 outlook, leaving the shares vulnerable to profit-taking ahead of its next report.

Details:

Celestica is scheduled to release second-quarter 2026 results after the market close on July 27, with its conference call set for July 28, which can pressure momentum stocks as investors trim positions before a major catalyst.

In first-quarter 2026 results, Celestica posted 53% year-over-year revenue growth to $4.05 billion, adjusted EPS of $2.16, and raised its full-year 2026 outlook to $19.0 billion in revenue and $10.15 in adjusted EPS.

The company’s prior guidance for the second quarter called for revenue of $4.15 billion to $4.45 billion and adjusted EPS of $2.14 to $2.34, reinforcing that the market may be bracing for whether Celestica can clear an elevated bar.

There does not appear to be a fresh wave of analyst downgrades tied to today’s move, which supports the view that the decline is more about sentiment and positioning in AI hardware names than a new company-specific setback.

Sources:

Celestica Investor Relations, SEC, AAII

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CLS Insider Trading Activity

$CLS insiders have traded $CLS stock on the open market 76 times in the past 6 months. Of those trades, 0 have been purchases and 76 have been sales.

Here’s a breakdown of recent trading of $CLS stock by insiders over the last 6 months:

ROBERT MIONIS (Chief Executive Officer) has made 0 purchases and 46 sales selling 140,000 shares for an estimated $55,007,062.
JASON PHILLIPS (President) has made 0 purchases and 2 sales selling 120,000 shares for an estimated $36,892,200.
TODD C COOPER (President) has made 0 purchases and 3 sales selling 90,549 shares for an estimated $26,024,113.
YANN L ETIENVRE (Chief Operations Officer) has made 0 purchases and 3 sales selling 87,374 shares for an estimated $25,111,145.
LEILA WONG (Chief Human Resources Officer) has made 0 purchases and 2 sales selling 29,950 shares for an estimated $8,595,756.
MANDEEP CHAWLA (Chief Financial Officer) has made 0 purchases and 15 sales selling 17,000 shares for an estimated $6,794,078.
MICHAEL MAX WILSON sold 4,168 shares for an estimated $1,389,236
DOUGLAS MICHAEL PARKER (Chief Legal Officer) has made 0 purchases and 4 sales selling 3,672 shares for an estimated $1,052,271.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CLS Hedge Fund Activity

We have seen 376 institutional investors add shares of $CLS stock to their portfolio, and 405 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 3,657,554 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,030,259,810
JANE STREET GROUP, LLC added 1,437,780 shares (+131.3%) to their portfolio in Q1 2026, for an estimated $404,993,870
GOLDMAN SACHS GROUP INC removed 1,000,825 shares (-61.1%) from their portfolio in Q1 2026, for an estimated $281,912,386
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 961,872 shares (-30.5%) from their portfolio in Q1 2026, for an estimated $270,940,104
BLACKROCK, INC. removed 848,881 shares (-40.6%) from their portfolio in Q1 2026, for an estimated $239,112,800
AQR CAPITAL MANAGEMENT LLC removed 613,099 shares (-57.5%) from their portfolio in Q1 2026, for an estimated $172,697,726
PRICE T ROWE ASSOCIATES INC /MD/ added 612,547 shares (+89.1%) to their portfolio in Q1 2026, for an estimated $172,542,238

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CLS Analyst Ratings

Wall Street analysts have issued reports on $CLS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rothschild & Co issued a "Buy" rating on 05/01/2026
JP Morgan issued a "Overweight" rating on 04/29/2026
Barclays issued a "Overweight" rating on 01/30/2026

To track analyst ratings and price targets for $CLS, check out Quiver Quantitative's $CLS forecast page.

$CLS Price Targets

Multiple analysts have issued price targets for $CLS recently. We have seen 12 analysts offer price targets for $CLS in the last 6 months, with a median target of $430.0.

Here are some recent targets:

Mike Harrison from Rothschild & Co set a target price of $460.0 on 05/01/2026
Tim Long from Barclays set a target price of $441.0 on 04/29/2026
Mehdi Hosseini from Susquehanna set a target price of $510.0 on 04/29/2026
Atif Malik from Citigroup set a target price of $415.0 on 04/29/2026
John Shao from TD Cowen set a target price of $430.0 on 04/29/2026
Paul Treiber from RBC Capital set a target price of $440.0 on 04/29/2026
Samik Chatterjee from JP Morgan set a target price of $425.0 on 04/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.