On September 11, Celestica rose 5.41% in regular trading, trading at $343.51/share, with turnover of $185 million. The move was driven by a senior management reshuffle that the market interpreted as a positive signal for the company's global expansion strategy amid AI-driven growth.

Specifically, the company's CFO Chawla, who has served in the role since 2017, was promoted in a move widely seen as reinforcing Celestica's push into global markets and AI infrastructure. The announcement comes on the heels of UBS upgrading the stock from \"neutral\" to \"buy\" with a price target of CAD 591.92, projecting a nearly 50% two-year compound annual EPS growth rate. Additionally, Celestica's Q2 results showed revenue surging 62% year-over-year to $4.7 billion, with adjusted EPS of $2.54 significantly beating the $2.27 consensus estimate. The company raised its full-year revenue guidance to $20.5 billion, well above prior market expectations. Celestica also announced an investor day scheduled for October 27, further fueling optimism around its AI infrastructure business outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)