Celestica Inc. (NYSE:CLS) is one of the stocks Jim Cramer discussed recently. When a caller sought Cramer’s thoughts regarding the stock, he replied:
“You know what? I thought that the Celestica decline was, I thought it was almost like a targeted decline. I did not see anything specifically that merited why it went down like this… But I do think that when you see a stock that falls as much today, you get another down day tomorrow until we find out what’s going on. But Celestica is a really good company. Someone targeted that company today.”
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Celestica Inc. (NYSE:CLS) provides end-to-end supply chain and manufacturing solutions, including design, production, testing, logistics, and after-market services. In addition, it delivers hardware and software platform solutions for clients across technology, aerospace, industrial, healthcare, and business sectors. Cramer highlighted the stock’s run through the year during the October 28 episode, as he commented:
“Lately, the contract electronics manufacturers have been on fire… Jabil, we’ve had them on, Flex, Taiwanese company Foxconn, as well as a lesser-known Canadian outfit… called Celestica. Here’s a stock that has more than tripled for the year coming into this week. Just so you know, that means 253% as of today, jumping almost $25 or 8% today in response to a great quarter, and maybe more important, a bullish investor day where they really explained what’s going on, right here in New York City. Celestica posted a sizeable top and bottom line beat, with a terrific forecast for 2026. How did they do it? These companies are all beneficiaries of the data center boom because they manufacture so much of the hardware that goes into these warehouses full of servers. Celestica, though, has started designing its own equipment too. In many ways, that’s where the money is. At this point, my only worry is maybe it’s too late to buy. You know, I’ve liked it for a long time. Stock has had a good run, though.”
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Disclosure: None. This article is originally published at Insider Monkey.
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