CLS - Celestica Inc.
| Previous Close | 8.54 |
| Open | 8.60 |
| Bid | 8.35 x 900 |
| Ask | 8.36 x 1000 |
| Day's Range | 8.35 - 8.60 |
| 52 Week Range | 7.53 - 12.59 |
| Volume | 114,797 |
| Avg. Volume | 483,113 |
| Market Cap | 1.151B |
| Beta (3Y Monthly) | 0.81 |
| PE Ratio (TTM) | 11.93 |
| EPS (TTM) | 0.70 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 10.36 |
- InvestorPlace•12 days ago
5 Undervalued Stocks to Invest In
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Overall, the stock market has made a huge improvement at the start of 2019 from where it ended in 2018; it has been a complete turnaround from last year's drop, when stocks entered bear-market territory.But even though many stocks have completely erased all of their losses and made it back into the green, not all stocks have done so well. What this means is that while there are still plenty of duds out there, there are also a few undervalued stocks to buy; it has just become a little trickier to find them amid all the flashy comeback stories.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo find the best stocks to invest in now,disciplined investors might start with their own watch list, which should contain "wish list" stocks that are usually too expensive or have been put there to be on the backburner for later. Among such stocks, companies that got left out of the rally are the most compelling. Even better, the best undervalued stocks to invest in are those that dropped by double-digit percentages during the current rally.Why is that?Markets that are pricing in the negative news typically lower the risk for investors. Such companies may work to resolve the business problem at hand, which improves its prospects and leads to a higher share price in the long run. As long as the bad news reported is a temporary setback and the business model is not broken, the risks behind buying a stock on a dip are lower. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% With all of that in mind, here are five undervalued stocks to invest in that aren't as scary as they seem. Sony (SNE)Investors expected more from Sony's (NYSE:SNE) earnings report when the company posted results on Feb. 1. Revenue of 2.4 trillion yen in the third-quarter missed estimates for 2.67 trillion yen.Adding salt to the wound, many SNE investors are fretting over Sony's weaker sales outlook, with smartphone and camera sales lagging. On the flipside, the PlayStation 4 business still could rebound. Even though the console cycle is many years old, customers will continue to buy new game titles. And in the smartphone space, a refresh in the second half of this year may give customers a reason to buy a new Sony device again.Sony is clearly not a broken company, so the stock's drop from $50 on Feb. 1 to $46 appears overdone. Trading less than 10% above its 52-week low and about 25% below its 52-week high, Sony stock clearly deserves its spot among the best undervalued stocks to consider now. Celestica (CLS)Celestica (NYSE:CLS) reported fourth-quarter revenue of $1.73 billion, up 10% from last year. Net earnings rose $46.5 million to $60.1 million, bringing in earnings of 44 cents a share. However, investors were unimpressed with the weak sequential revenue in its Communications, ATS and CCS segments, which were either flat or down. Still, revenue from all segments grew in the double digits from last year.Celestica ended the year with $422 million in cash and cash equivalents. Net cash fell $335 million for the year. And the balance sheet is not as strong as it could be, with non-IFRS debt leverage at 2.6X.The company supplies equipment in ATS -- aerospace and defense, industrial, smart energy, health tech and capital equipment. Its enterprise unit consists of servers and storage. Why then, should investors believe the company will offset the weakness it faces in the eroding semiconductor market?Celestica is cutting costs in operations to align the business with the lower revenue. It will continue to build its capital equipment business. Management believes the fundamentals in this space will only improve in the long run. As next-generation adoption in display continues, its OLED business, for example, will add to its bottom line.Celestica stock is an undervalued play worth considering. Allergan (AGN)Generic drug supplier Allergan (NYSE:AGN) fell over 10% in late January and early February for two reasons. First, its fourth-quarter earnings report did not please investors. Operating income sank 11.8% year-over-year, and revenue fell 5.8% YoY to $4.08 billion.On Feb. 1, the Food and Drug Administration approved Evolus' (NASDAQ:EOLS) Jeuveau. This product competes directly with Allergan's Botox. Pricing could come in at 20% below that of Botox, putting pressure on Allergan's bottom line.Be warned: it's likely that AGN stock will continue to sell off as investors price in the worst case scenario for Botox. Even though management already expects some pricing erosion, it is confident that the sales volume will taper off slowly. But this is good news for investors in search of a bargain, as the more the stock falls, the more discount value investors get on AGN stock.As Allergan launches new products this year, it will offset the negative impact of generic drug competition for Botox, making it an undervalued stock to watch. Innoviva (INVA)Innoviva (NASDAQ:INVA) is another stock in the drug space whose large drop starting in late January appears greatly overdone. The market all but erased the powerful uptrend in the stock that began after INVA sold off in November 2018 and bottomed at $14.The FDA approved Mylan's (NASDAQ:MYL) generic version of Advair, which GlaxoSmithKline (NYSE:GSK) produces. This forced investors to worry about Innoviva's prospects because the company is paid royalties from Glaxo. In the third quarter, Innova received $65.1 million in royalty revenues from Glaxo; $51.7 million came from global net sales of Revar/Breo Ellipta.On Feb. 6, Innoviva reported revenue of $79.86 million, up 14.9% from last year. With the stock trading at a forward price-to-earnings ratio of 7.7, the price-earnings-to-growth ratio is 0.39. As such, this general pessimism has created an appealing entry point to INVA stock. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Investors appear to be overreacting to the generic competition. If demand for Innoviva's formulation does not drop and prices hold, royalty revenues should not fall as much as markets think, which makes INVA an ideal undervalued stock to invest in now. Vodafone (VOD)Telecom stocks are out of favor. For example, just look at AT&T (NYSE:T), which is down over 20% from its 52-week high. But Vodafone (NASDAQ: VOD) is down the most among the major names in the sector, falling over 40% from its 52-week high.Third-quarter results for VOD, which ended on Dec. 31, missed analysts' consensus sales forecasts. Vodafone continued to under-perform in Europe, due to rising competition. Although the company highlighted improving customer trends in Italy, Germany, and reduced churn in Spain, this was not enough to prevent revenue falling 5.6% in Europe and 6.8% overall.With all that bad news, it is little wonder why the stock has been marching lower. But VOD still has ways to mend the wound. The company could trim the dividend and re-allocate its resources toward advertising and capital expenditures. That would put it in a better position to compete with its European counterparts. And the stock would respond if those efforts lead to better revenue numbers.Vodafone shares pay a dividend yield in excess of 6%. If Vodafone grows its U.K. business as it signs on users to its 5G services and cuts costs as it signs on more customers, VOD stock will finally move higher.As of this writing, Chris Lau owned shares of Innoviva. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post 5 Undervalued Stocks to Invest In appeared first on InvestorPlace.
- GlobeNewswire•15 days ago
Celestica Files Form 20-F and Announces Completion of the Sale of Its Toronto Real Property
Celestica Inc. (NYSE, TSX: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, today announced that its annual report on Form 20-F for the year ended December 31, 2018 has been filed with the United States Securities and Exchange Commission. Shareholders can request the document on the Investor Relations section of Celestica's website at www.celestica.com. Celestica completed the sale of its real property in Toronto on March 7, 2019 and received total proceeds of approximately U.S. $110 million, including a high density bonus and an early vacancy incentive related to the temporary relocation of the company’s corporate headquarters.
- GlobeNewswire•2 months ago
Report: Developing Opportunities within Southern, Horizon Pharma Public, Celestica, RCI Hospitality, Bluerock Residential Growth REIT, and Tilly's — Future Expectations, Projections Moving into 2019
NEW YORK, Feb. 04, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
- Motley Fool•2 months ago
Why Celestica Shares Plunged Today
The electronics manufacturing company missed on fourth-quarter earnings and first-quarter guidance.
- Zacks•2 months ago
Should Value Investors Buy Celestica (CLS) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- GlobeNewswire•2 months ago
Celestica Announces 2019 Annual General Shareholders' Meeting
TORONTO, Feb. 01, 2019 -- Celestica Inc. (NYSE, TSX: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, today.
- Zacks•2 months ago
Celestica (CLS) Misses Q4 Earnings Estimates
Celestica (CLS) delivered earnings and revenue surprises of -6.45% and 0.67%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•2 months ago
Celestica: 4Q Earnings Snapshot
On a per-share basis, the Toronto-based company said it had net income of 44 cents. Earnings, adjusted for non-recurring gains, came to 29 cents per share. The results did not meet Wall Street expectations. ...
- GlobeNewswire•2 months ago
Celestica Announces Fourth Quarter & Full Year 2018 Financial Results
TORONTO, Jan. 31, 2019 -- Celestica Inc. (TSX: CLS)(NYSE: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, today.
- Zacks•2 months ago
The Zacks Industry Rank Highlights: Jabil and Celestica
The Zacks Industry Rank Highlights: Jabil and Celestica
- GlobeNewswire•2 months ago
Celestica named to The Global 100 2019 Most Sustainable Corporations in the World by Corporate Knights
“Celestica is pleased to have been named one of the world’s most sustainable corporations on the Corporate Knights 2019 Global 100 list in recognition of our commitment to corporate social responsibility and leadership in sustainability,” said Robert Ellis, Senior Vice President, Legal and Sustainability, Celestica.
Markit•3 months agoSee what the IHS Markit Score report has to say about Celestica Inc.
Celestica Inc NYSE:CLS
- GlobeNewswire•4 months ago
Celestica Increases Term Loan Borrowings Under Current Credit Facility
TORONTO, Nov. 14, 2018 -- Celestica Inc. (NYSE, TSX: CLS), a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies, today.
- Zacks•4 months ago
Moving Average Crossover Alert: Celestica (CLS)
Celestica Inc. (CLS) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front
- GlobeNewswire•4 months ago
Celestica Completes Acquisition of Impakt Holdings, LLC
Celestica Inc. (NYSE, TSX: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, today announced that it has completed its previously announced acquisition of Impakt Holdings, LLC (Impakt). The acquisition of Impakt is anticipated to significantly enhance Celestica’s ability to provide customers with large-format, high-mix manufacturing solutions and expand Celestica’s presence in key geographies. “This acquisition is well aligned to our company strategy of growing and diversifying our overall revenue and margin mix through targeted investments and acquisitions,” said Rob Mionis, President and CEO, Celestica.
- GlobeNewswire•5 months ago
Consolidated Research: 2018 Summary Expectations for Everbridge, Government Properties Income Trust, National General, CF Industries, AAON, and Celestica — Fundamental Analysis, Key Performance Indications
NEW YORK, Nov. 08, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
- Moody's•5 months ago
Celestica Inc. -- Moody's affirms Celestica's Ba2 CFR and Ba1 credit facilities' ratings
Moody's Investors Service (Moody's) affirmed Celestica Inc.'s (Celestica) Ba2 corporate family rating (CFR), Ba2-PD probability of default rating (PDR), and Ba1 rating for Celestica's upsized $1.15 billion senior secured credit facilities, comprised of a $700 million term loan B due 2025 (upsized from $350 million via a $350 million add-on) and a $450 million revolving credit facility due 2023. Celestica's SGL-1 speculative grade liquidity rating, indicating very good liquidity arrangements, was also affirmed, while the company's stable ratings outlook was maintained.
- Zacks•5 months ago
Celestica (CLS) Q3 Earnings Miss Estimates
Celestica (CLS) delivered earnings and revenue surprises of -13.33% and 1.21%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
