Feb 6, 2026
Celestica (CLS) was up over 6% on the back of elevated CapEx spending plans from the hyperscalers - with Meta, Google, and Amazon guiding way above estimates…
… supporting management’s recent guidance bump to $17B in revenue, with 50% Y/Y growth in its communications segment.
The company left its FCF guide unchanged though, driven by a $1B CapEx target of its own… cost of doing business in an AI boom.
About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.
