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Why Celestica Stock Is Soaring Today

TheMotleyFool

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Why Celestica Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D

(NYSE: CLS) stock is roaring higher in Tuesday's trading. The company's share price was up 7.8% as of 1:30 p.m. ET. The technology hardware specialist's stock had been up as much as 17.8% earlier in the day's trading. Meanwhile, the S 500 (SNPINDEX: ^GSPC) had risen 0.2%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.6%.

Celestica published its third-quarter results after yesterday's market close, and sales and earnings for the period came in far better than anticipated. The company also raised its full-year guidance and set some promising targets for 2026.

Image source: Getty Images.

Source Fool.com