With a remarkable 94% increase in its share prices so far in 2024, Celestica (TSX:CLS) stock is continuing to be the top-performing TSX stock this year. CLS stock’s outstanding performance is mainly supported by its ability to maintain solid financial growth trends even amid the ongoing macroeconomic challenges and inflationary pressures that make it stand out in the Canadian stock market.
But are you wondering if Celestica stock is still a good buy today, even after such a massive rally? I believe the answer is yes, and here are three main fundamental reasons why.
Celestica stock continues to post solid financial growth
In 2023, the Toronto-headquartered company posted a 9.8% YoY (year-over-year) rise in its total revenue to US$8 billion, beating Street analyst expectations of $7.9 billion. Celestica stock generated nearly 58% of its total revenue from its connectivity & cloud solutions (CCS) operations during the year, while…
