Welcome to our dedicated page for Celestica news (Ticker: CLS), a resource for investors and traders seeking the latest updates and insights on Celestica stock.
Celestica, Inc. (CLS) is a prominent player in the realm of design, manufacturing, hardware platform, and supply chain solutions, catering to some of the world's most innovative enterprises. Established as a trusted partner, Celestica delivers end-to-end product lifecycle solutions that propel customer success through a streamlined global operations network and robust IT platform.
With an unwavering commitment to providing a distinctive customer experience, Celestica’s agile workforce is renowned for their expertise and creativity, enabling clients to overcome diverse challenges. The company's core operations are divided into two main segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS).
- Advanced Technology Solutions (ATS): This division includes Aerospace and Defense, Industrial, HealthTech, and Capital Equipment businesses. The Capital Equipment business encompasses the Semiconductor, Display, and Robotics sectors.
- Connectivity & Cloud Solutions (CCS): This segment is focused on Communications and Enterprise end markets, which include servers and storage solutions. Notably, the CCS segment contributes the majority of Celestica's revenue.
In recent developments, Celestica has expanded its portfolio by launching four new networking switches catering to enterprises' performance and connectivity needs. These switches support SONiC (Software for Open Networking in the Cloud) and boast features such as concurrent Wi-Fi connectivity and 5G LTE for WAN backhaul, making them reliable, scalable solutions aligned with the Open Compute Project (OCP) standards.
Financially, Celestica has been active in managing its share repurchase programs. Over recent periods, the company has made significant payments to repurchase subordinate voting shares (SVS) for both cancellation and delivery obligations under their SBC plans.
For more detailed information about Celestica, their offerings, and the latest updates, visit www.celestica.com.
Aviz Networks and Celestica Inc. have announced a partnership to enhance SONiC networking solutions. The collaboration aims to provide advanced networking solutions for SONiC and GenAI, offering customers unprecedented control and flexibility at the fabric level. Celestica's expertise in compute and connectivity solutions combined with Aviz Networks' innovative software stack will streamline SONiC-based network deployments.
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