Últimas noticias sobre Celestica (NYSE:CLS) Bolsa

Celestica

Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.

Celestica Inc

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Celestica's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) short percent of float has fallen 10.37% since its last report. The company recently reported that it has 3.14 million shares sold short, which is 2.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Celestica Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729620912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Celestica has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Celestica's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Celestica's peer group average for short interest as a percentage of float is 3.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Celestica's Recent Short Interest

Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Celestica to report an earnings per share (EPS) of $0.93.
The announcement from Celestica is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.10, leading to a 4.35% drop in the share price on the subsequent day.
Here's a look at Celestica's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.81</td>
<td>0.72</td>
<td>0.68</td>
<td>0.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.91</td>
<td>0.86</td>
<td>0.76</td>
<td>0.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>-10.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729609334_0.png" alt="eps graph" />
<h3>Performance of Celestica Shares</h3>
Shares of Celestica were trading at $56.68 as of October 21. Over the last 52-week period, shares are up 122.8%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Celestica</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Celestica.
The consensus rating for Celestica is Buy, based on 6 analyst ratings. With an average one-year price target of $63.17, there's a potential 11.45% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Fabrinet, Plexus and IPG Photonics, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Neutral trajectory for Fabrinet, with an average 1-year price target of $256.2, indicating a potential 352.01% upside.</li>
<li>The consensus among analysts is an Buy trajectory for Plexus, with an average 1-year price target of $147.25, indicating a potential 159.79% upside.</li>
<li>IPG Photonics received a Buy consensus from analysts, with an average 1-year price target of $100.0, implying a potential 76.43% upside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for Fabrinet, Plexus and IPG Photonics, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Celestica</td>
<td>Buy</td>
<td>23.33%</td>
<td>$256.10M</td>
<td>5.67%</td>
</tr>
<tr>
<td>Fabrinet</td>
<td>Neutral</td>
<td>14.85%</td>
<td>$92.45M</td>
<td>4.76%</td>
</tr>
<tr>
<td>Plexus</td>
<td>Buy</td>
<td>-5.96%</td>
<td>$94.42M</td>
<td>1.99%</td>
</tr>
<tr>
<td>IPG Photonics</td>
<td>Buy</td>
<td>-24.22%</td>
<td>$96.19M</td>
<td>0.88%</td>
</tr>
</tbody>
</table>

Key Takeaway:
In terms of revenue growth, Celestica is at the top among its peers. It also leads in gross profit margin. However, its return on equity is the lowest compared to others. Overall, Celestica is positioned favorably in revenue growth and gross profit, but lags behind in return on equity.
<h3>Delving into Celestica's Background</h3>
Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity &amp; Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity &amp; Cloud Solutions segment.
<h3>Celestica's Economic Impact: An Analysis</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining Celestica's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 23.33% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Celestica's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.16% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Celestica's ROE excels beyond industry benchmarks, reaching 5.67%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Celestica's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.72%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.53.
<a href="https://www.benzinga.com/quote/CLS/earnings">To track all earnings releases for Celestica visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Celestica's Earnings Outlook

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock&#39;s price, do they really matter?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Celestica (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Celestica currently has an average brokerage recommendation&nbsp;of 1.57, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by seven brokerage firms. An ABR of 1.57 approximates between Strong Buy and Buy.
Of the seven recommendations that derive the current ABR, four are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 57.1% and 28.6% of all recommendations.
<h2>Brokerage Recommendation Trends for CLS</h2>
<img alt="Broker Rating Breakdown Chart for CLS" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/CLS_10112024.png" style="width:100%" title="" /> 
While the ABR calls for buying Celestica, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>Zacks Rank Should Not Be Confused With ABR</h2>
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company&#39;s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
<h2>Is CLS a Good Investment?</h2>
In terms of earnings estimate revisions for Celestica, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.65.
Analysts&#39; steady views regarding the company&#39;s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Celestica.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Celestica.
<a href="https://www.zacks.com/stock/news/2349269/wall-street-analysts-see-celestica-cls-as-a-buy-should-you-invest?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2349269">To read this article on Zacks.com click here.</a>

Mid Cap

News

Markets

Analyst Ratings

Tech

Wall Street Analysts See Celestica as a Buy: Should You Invest?

Celestica Launches New DS4100 800G Switch Optimized For AI And Machine Learning Data Center Workloads

Financial giants have made a conspicuous bullish move on Celestica. Our analysis of options history for Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $462,820, and 7 were calls, valued at $593,580.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $42.5 to $75.0 for Celestica during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Celestica options trades today is 666.29 with a total volume of 8,026.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Celestica's big money trades within a strike price range of $42.5 to $75.0 over the last 30 days.
<h3>Celestica Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728593141_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.0</td>
<td>$2.75</td>
<td>$2.75</td>
<td>$42.50</td>
<td>$412.5K</td>
<td>31</td>
<td>3.0K</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$4.7</td>
<td>$4.5</td>
<td>$4.59</td>
<td>$60.00</td>
<td>$143.0K</td>
<td>2.0K</td>
<td>742</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.7</td>
<td>$4.5</td>
<td>$4.59</td>
<td>$60.00</td>
<td>$130.4K</td>
<td>2.0K</td>
<td>419</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.6</td>
<td>$3.4</td>
<td>$3.51</td>
<td>$62.50</td>
<td>$109.5K</td>
<td>903</td>
<td>700</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.6</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$62.50</td>
<td>$99.7K</td>
<td>903</td>
<td>377</td>
</tr>
</tbody>
</table>

<h3>About Celestica</h3>
Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity &amp; Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity &amp; Cloud Solutions segment.
After a thorough review of the options trading surrounding Celestica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Celestica Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,605,663, the CLS's price is up by 5.42%, now at $61.25. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
<h3>Professional Analyst Ratings for Celestica</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $68.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from TD Securities continues to hold a Buy rating for Celestica, targeting a price of $68. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Celestica, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Celestica's Options Frenzy: What You Need to Know

TD Securities analyst Daniel Chan maintains Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) with a Buy and raises the price target from $61 to $68.

Price Target

TD Securities Maintains Buy on Celestica, Raises Price Target to $68

Whales with a lot of money to spend have taken a noticeably bullish stance on Celestica.
Looking at options history for Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $130,400 and 6, calls, for a total amount of $422,238.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $48.0 to $57.0 for Celestica over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Celestica's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Celestica's significant trades, within a strike price range of $48.0 to $57.0, over the past month.
<h3>Celestica Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727364664_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.75</td>
<td>$2.65</td>
<td>$2.67</td>
<td>$52.50</td>
<td>$113.9K</td>
<td>3.6K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$55.00</td>
<td>$104.5K</td>
<td>130</td>
<td>186</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.75</td>
<td>$2.65</td>
<td>$2.7</td>
<td>$52.50</td>
<td>$103.1K</td>
<td>3.6K</td>
<td>2.8K</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.1</td>
<td>$14.9</td>
<td>$14.9</td>
<td>$50.00</td>
<td>$70.0K</td>
<td>136</td>
<td>47</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.8</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$55.00</td>
<td>$47.7K</td>
<td>950</td>
<td>4</td>
</tr>
</tbody>
</table>

<h3>About Celestica</h3>
Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity &amp; Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity &amp; Cloud Solutions segment.
After a thorough review of the options trading surrounding Celestica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Celestica's Current Market Status</h3>
<ul>
<li>Trading volume stands at 659,355, with CLS's price up by 2.94%, positioned at $52.21.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 27 days.</li>
</ul>
<h3>What The Experts Say On Celestica</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $58.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from Stifel upgrades its rating to Buy with a revised price target of $58. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Celestica, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With CLS

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$117.00</td>
<td>$51.5K</td>
<td>23.8K</td>
<td>125.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$230.00</td>
<td>$66.7K</td>
<td>74.0K</td>
<td>109.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$150.00</td>
<td>$37.9K</td>
<td>3.7K</td>
<td>20.8K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$435.00</td>
<td>$67.5K</td>
<td>10.1K</td>
<td>8.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$25.00</td>
<td>$34.2K</td>
<td>18.4K</td>
<td>5.8K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$6.00</td>
<td>$409.3K</td>
<td>1.5K</td>
<td>3.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$168.00</td>
<td>$44.6K</td>
<td>4.0K</td>
<td>2.5K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$10.00</td>
<td>$255.0K</td>
<td>20.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$47.00</td>
<td>$35.2K</td>
<td>0</td>
<td>1.3K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$115.00</td>
<td>$56.0K</td>
<td>312</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 500 contract(s) at a $117.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $103.0 per contract. There were 23872 open contracts at this strike prior to today, and today 125275 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 445 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $66.7K, with a price of $150.0 per contract. There were 74087 open contracts at this strike prior to today, and today 109022 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $379.0 per contract. There were 3774 open contracts at this strike prior to today, and today 20855 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 300 contract(s) at a $435.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $225.0 per contract. There were 10147 open contracts at this strike prior to today, and today 8139 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 273 day(s) on June 20, 2025. Parties traded 147 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $233.0 per contract. There were 18438 open contracts at this strike prior to today, and today 5849 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 2990 contract(s) at a $6.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $409.3K, with a price of $137.0 per contract. There were 1540 open contracts at this strike prior to today, and today 3153 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 251 contract(s) at a $168.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $178.0 per contract. There were 4042 open contracts at this strike prior to today, and today 2595 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 1500 contract(s) at a $10.00 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $255.0K, with a price of $170.0 per contract. There were 20805 open contracts at this strike prior to today, and today 1790 contract(s) were bought and sold. 
• Regarding CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on October 4, 2024. Parties traded 440 contract(s) at a $47.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $80.0 per contract. There were 0 open contracts at this strike prior to today, and today 1321 contract(s) were bought and sold. 
• For DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we notice a call option sweep that happens to be bullish, expiring in 56 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $115.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $56.0K, with a price of $800.0 per contract. There were 312 open contracts at this strike prior to today, and today 1125 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

Core Scientific, Inc. - Class A Common Stock

CORZ

DDOG

INTC

MSFT

MSTR

NVDA

RIOT

10 Information Technology Stocks Whale Activity In Today's Session

WIIM

AAOI

AEVA

ANET

BELFB

CALX

FLEX

GDDY

KEYS

LINK

PMTS

SHOP

SNOW

TWLO

ZBRA

Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

Celestica's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) short percent of float has fallen 7.74% since its last report. The company recently reported that it has 3.22 million shares sold short, which is 2.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Celestica Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726587922_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Celestica has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Celestica's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Celestica's peer group average for short interest as a percentage of float is 2.88%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Celestica?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$110.00</td>
<td>$35.2K</td>
<td>83.0K</td>
<td>211.3K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$420.00</td>
<td>$31.6K</td>
<td>6.9K</td>
<td>9.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$150.00</td>
<td>$47.7K</td>
<td>7.7K</td>
<td>7.3K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$250.00</td>
<td>$29.2K</td>
<td>709</td>
<td>5.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$145.00</td>
<td>$25.0K</td>
<td>1.2K</td>
<td>2.9K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$43.00</td>
<td>$30.1K</td>
<td>4.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$80.00</td>
<td>$50.9K</td>
<td>385</td>
<td>481</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$480.00</td>
<td>$109.8K</td>
<td>92</td>
<td>326</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$225.00</td>
<td>$35.5K</td>
<td>1.9K</td>
<td>319</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$270.00</td>
<td>$34.4K</td>
<td>3.3K</td>
<td>301</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 81 contract(s) at a $110.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $435.0 per contract. There were 83080 open contracts at this strike prior to today, and today 211340 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on September 13, 2024. This event was a transfer of 164 contract(s) at a $420.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $193.0 per contract. There were 6934 open contracts at this strike prior to today, and today 9098 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 100 contract(s) at a $150.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $478.0 per contract. There were 7768 open contracts at this strike prior to today, and today 7385 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a call option sweep with bearish sentiment. It expires in 128 day(s) on January 17, 2025. Parties traded 240 contract(s) at a $250.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $122.0 per contract. There were 709 open contracts at this strike prior to today, and today 5548 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 100 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1290 open contracts at this strike prior to today, and today 2977 contract(s) were bought and sold. 
• Regarding CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 1100 contract(s) at a $43.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $25.0 per contract. There were 4135 open contracts at this strike prior to today, and today 1937 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 100 day(s) on December 20, 2024. Parties traded 33 contract(s) at a $80.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $50.9K, with a price of $1545.0 per contract. There were 385 open contracts at this strike prior to today, and today 481 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $480.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $109.8K, with a price of $1092.0 per contract. There were 92 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be bullish, expiring in 191 day(s) on March 21, 2025. This event was a transfer of 23 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $1545.0 per contract. There were 1980 open contracts at this strike prior to today, and today 319 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option trade that happens to be neutral, expiring in 37 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $172.0 per contract. There were 3311 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SMCI

Leveraging solid demand trends driven by healthy AI traction, Celestica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) has surged 77.4% over the past year compared with the industry&#39;s growth of 10.9%. It has outperformed peers like Flex Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) and Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) over this period.
Celestica is among the lesser-known winners of the artificial intelligence&nbsp;revolution. This Toronto, Canada-based company offers a one-stop shop for the electronics market, from design to manufacture to supply chain management, operating primarily as a behind-the-scenes partner for other electronics-based firms. With a diverse portfolio of products that form an integral part of AI applications, Celestica&#39;s healthy growth momentum is likely to continue.
One-Year Price Performance
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/75/77164.jpg?v=1251052859" />
Image Source: Zacks Investment Research
<h2>Generative AI Boom Fueling CLS Growth Momentum</h2>
Riding on the generative AI boom, Celestia is witnessing robust demand for AI/ML compute and networking products from hyperscale customers. In addition to the high-performance 800G family of network switches (which are vital for data centers that power AI applications) and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI), Celestia offers Photonic Fabric &ndash; an optical compute and memory fabric solution capable of supercharging AI infrastructure. This solution provides a foundational technology to advance AI while maintaining scalable, sustainable and profitable business models.
By integrating next-generation networking products with silicon photonics packaging solutions, Celestica aims to optimize supply chain solutions to reduce time to market. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications. These state-of-the-art products have translated into solid top-line growth in recent years.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e7/77165.jpg?v=597432803" />
Image Source: Zacks Investment Research
<h2>CLS Expanding Portfolio to Better Serve Customers</h2>
Celestica is increasingly focusing on improving its portfolio depth. It recently introduced SC6100 &ndash; a next-generation, 2U rackmount all-flash storage controller &ndash; designed to deliver superior performance for the most demanding enterprise application workloads. Powered by two EPYC Embedded 9004 series processors from Advanced Micro Devices, Inc., it offers improved energy efficiency for next-generation networking, security and storage applications.
Harnessing AMD&#39;s &quot;Zen 4&quot; core architecture, the SC6100 supports up to 24 dual-port U.2 PCIe Gen 5 solid-state drives with flexible input/output options and hot-swappable components for maximum uptime and reliability. This provides a secure, cost-effective and versatile storage solution for enterprises that generate, store and analyze increasing amounts of data and rely on real-time analytics to make strategic decisions.
<h2>Additional Production Capabilities to Aid CLS</h2>
To strengthen its market-leading position of AI-enabled products, Celestia is currently developing more than 100,000 square feet of additional capacity in Thailand. Moreover, it is adding 80,000 square feet of incremental capacity in Malaysia to augment its production capabilities. Celestia is also working with industry leaders to commercialize technologies such as On-Board Optics and Co-Packaged Optics to address the demand for speed and cost-efficiency amid the evolving technology landscape.
<h2>Estimate Revision Trend for CLS</h2>
Earnings estimates for Celestia for 2024 have moved up 47.2% to $3.65 over the past year, while the same for 2025 has improved 19.5% year to date to $3.99. The positive estimate revision depicts optimism about the stock&#39;s growth potential.&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/61/77166.jpg?v=665772488" />
Image Source: Zacks Investment Research
<h2>End Note</h2>
As the company scales up production volumes and costs go down, possible uses for silicon photonics are likely to soar across several industries, including automotive, data center and high-performance computing, telecommunications, medical, aerospace and defense. We believe that Celestia is on track for sustained growth over the years, backed by its robust infrastructure investments, solid technology know-how and wide industry experience spanning three decades.
The stock delivered a trailing four-quarter average earnings surprise of 12.2%. It has a VGM Score of A. Celestia currently sports a Zacks Rank #1 (Strong Buy).
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
<a href="https://www.zacks.com/stock/news/2334055/reasons-why-celestica-stock-is-a-buy-beyond-the-77-1-year-surge?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2334055">To read this article on Zacks.com click here.</a>

Reasons Why Celestica Stock is a Buy - Beyond the 77% 1-Year Surge

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$108.00</td>
<td>$86.9K</td>
<td>10.9K</td>
<td>37.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$220.00</td>
<td>$48.6K</td>
<td>15.6K</td>
<td>26.9K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$135.00</td>
<td>$36.3K</td>
<td>6.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$8.50</td>
<td>$37.1K</td>
<td>679</td>
<td>3.3K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$410.00</td>
<td>$38.5K</td>
<td>443</td>
<td>3.0K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$43.00</td>
<td>$80.3K</td>
<td>2.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$110.00</td>
<td>$56.1K</td>
<td>19.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$55.0K</td>
<td>3.6K</td>
<td>920</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$167.50</td>
<td>$135.0K</td>
<td>1.8K</td>
<td>804</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$145.00</td>
<td>$47.4K</td>
<td>2.0K</td>
<td>726</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on September 13, 2024. Parties traded 521 contract(s) at a $108.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $86.9K, with a price of $166.0 per contract. There were 10935 open contracts at this strike prior to today, and today 37679 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on September 13, 2024. Parties traded 150 contract(s) at a $220.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $324.0 per contract. There were 15653 open contracts at this strike prior to today, and today 26947 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on September 20, 2024. This event was a transfer of 143 contract(s) at a $135.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.3K, with a price of $254.0 per contract. There were 6744 open contracts at this strike prior to today, and today 3639 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on September 13, 2024. This event was a transfer of 1000 contract(s) at a $8.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $37.0 per contract. There were 679 open contracts at this strike prior to today, and today 3347 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be neutral, expiring in 4 day(s) on September 13, 2024. This event was a transfer of 20 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $1925.0 per contract. There were 443 open contracts at this strike prior to today, and today 3092 contract(s) were bought and sold. 
• For CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on September 13, 2024. This event was a transfer of 765 contract(s) at a $43.00 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $80.3K, with a price of $105.0 per contract. There were 2231 open contracts at this strike prior to today, and today 1958 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 284 day(s) on June 20, 2025. Parties traded 62 contract(s) at a $110.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $905.0 per contract. There were 19087 open contracts at this strike prior to today, and today 1389 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option trade that happens to be bullish, expiring in 39 day(s) on October 18, 2024. This event was a transfer of 250 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $55.0K, with a price of $220.0 per contract. There were 3628 open contracts at this strike prior to today, and today 920 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on September 20, 2024. This event was a transfer of 500 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $135.0K, with a price of $270.0 per contract. There were 1832 open contracts at this strike prior to today, and today 804 contract(s) were bought and sold. 
• Regarding QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we observe a put option trade with bearish sentiment. It expires in 11 day(s) on September 20, 2024. Parties traded 608 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $47.4K, with a price of $78.0 per contract. There were 2025 open contracts at this strike prior to today, and today 726 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CLSK

DELL

ORCL

QCOM

10 Information Technology Stocks With Whale Alerts In Today's Session

BBAI

COHR

COMM

DMRC

DOCN

EMKR

EVLV

FICO

GREE

GWRE

LTRX

NSYS

ONDS

PANW

PHUN

Shares of companies within the broader tech sector are trading higher amid a rebound. Also, the sector may be moving higher in sympathy with Dell Technologies and Palantir Technologies' inclusion in the S&P 500 index.

Stifel analyst Matthew Sheerin upgrades Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) from Hold to Buy and maintains the price target from $58 to $58.

Upgrades

Stifel Upgrades Celestica to Buy, Maintains Price Target to $58

<h3 class="wp-block-heading">Friday&#8217;s Price Action Shows There Is No Margin Of Safety</h3>
<h3 class="wp-block-heading">Not Just The Momentum Stocks Got Hammered</h3>
As ZeroHedge&nbsp;<a href="https://www.zerohedge.com/markets/kamala-karnage-market-goes-haywire">noted</a>, Friday&#8217;s market action was &#8220;an epic flush&#8221;:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">Everything &#8211; like literally everything &#8211; and certainly anything with a high beta or even a trace of momentum, imploded with a sheer violence that made Aug 5 look like amateur hour.&nbsp;And&nbsp;unlike&nbsp;Aug 5, the puke was only at the beginning with stocks spiking from the first moment of trading, this time it was the other way around, with stocks pushing higher to start the day before falling apart, and ending a catastrophic week in the worst way possible: on a downtick.
</blockquote>
While it&#8217;s true that momentum stocks got hammered, so did a number of value stocks.&nbsp;<a href="https://www.chartmill.com/home?a=221937">Chartmill</a>&#8216;s overall valuation rating is a good gauge of how cheap or expensive a stock is, as it incorporates multiple valuation metrics, including:&nbsp;
<ul>
<li>Price/Earnings</li>
<li>Price/Forward Earnings</li>
<li>Price/Free Cash Flow</li>
<li>Price/Book</li>
<li>Price/Tangible Book</li>
<li>Enterprise Value/Earnings Before Interest, Taxes, Depreciation, and Amortization&nbsp;</li>
</ul>
A number of stocks with overall valuation ratings of 7 or better (on a 0-to-10 scale) suffered double digit drops on Friday, including&nbsp;Sensus Healthcare, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRTS#NASDAQ">SRTS</a>),&nbsp;Celestica, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), and&nbsp;AMN Healthcare Services Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>).&nbsp;
<h3 class="wp-block-heading">So Much For The &#8220;Margin Of Safety&#8221;&nbsp;</h3>
The concept of the margin of safety, popularized by Warren Buffett&#8217;s mentor Benjamin Graham, suggests that buying stocks at a price significantly below their intrinsic value provides a &#8220;safety cushion.&#8221; This means that even if your analysis of a company&#8217;s value is off or if market conditions worsen, you are less likely to incur significant losses because the stock was already trading at a discount to its true worth.
In essence, the margin of safety is supposed to reduce the downside risk in investments, making value stocks safer compared to those trading at or above their perceived intrinsic value.
Of course, there&#8217;s no universal agreement in what constitutes a particular stock&#8217;s intrinsic value, but one would think that stocks with an overall valuation rating of 7 out of 10 would have some margin of safety relative to stocks trading at higher valuations, and yet that wasn&#8217;t the case on Friday.&nbsp;
The way to strictly limit your downside risk isn&#8217;t to buy stocks you think are cheap but to hedge.&nbsp;&nbsp;
Let&#8217;s look at a couple of ways of hedging a widely-held stock that&#8217;s down from its highs now,&nbsp;Nvidia, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).&nbsp;
<h3 class="wp-block-heading">Two Ways Of Hedging Nvidia&nbsp;</h3>
The brief TikTok below shows two ways of hedging Nvidia against a &gt;20% drop between now and mid-November, to the tune of &#8220;All Comes Crashing&#8221;. I used that expiration date to cover election risk.&nbsp;
<figure class="wp-block-embed is-type-video is-provider-tiktok wp-block-embed-tiktok"> 
<div class="wp-block-embed__wrapper">
<blockquote class="tiktok-embed" cite="https://www.tiktok.com/@dpinsen/video/7411828491928358174" data-video-id="7411828491928358174" data-embed-from="oembed" style="max-width:605px; min-width:325px;"> <section> <a target="_blank" title="@dpinsen" href="https://www.tiktok.com/@dpinsen?refer=embed">@dpinsen</a>
Two Ways Of Hedging Nvidia
 <a target="_blank" title="♬ All Comes Crashing - Metric" href="https://www.tiktok.com/music/All-Comes-Crashing-7083708413007366145?refer=embed">♬ All Comes Crashing &#8211; Metric</a> </section> </blockquote>
<script async src="https://www.tiktok.com/embed.js"></script></div>
</figure>
Here&#8217;s a closer look at the second hedge shown in that video, an optimal collar.&nbsp;
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="440" height="594" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07083814/NVDA-1.jpg" alt="" class="wp-image-1048" style="width:auto;height:450px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07083814/NVDA-1.jpg 440w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07083814/NVDA-1-222x300.jpg 222w" sizes="(max-width: 440px) 100vw, 440px" /></figure>
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="440" height="598" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07083845/2.jpg" alt="" class="wp-image-1049" style="width:auto;height:450px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07083845/2.jpg 440w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07083845/2-221x300.jpg 221w" sizes="(max-width: 440px) 100vw, 440px" /></figure>
As you can see there, the net cost of the hedge was negative, meaning you would have received a net credit when opening the collar.&nbsp;
The optimal hedge is the one that gives you the protection you want at the lowest possible cost. Optimal hedges are what the Portfolio Armor iPhone app scans for. You can download the app&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">here</a>. 
If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>&nbsp;.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07084004/Widget.jpg" alt="" class="wp-image-1050" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07084004/Widget.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/07084004/Widget-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

Health Care

SRTS

All Comes Crashing

AEIS

ASNS

CGNX

CRSR

DAKT

DTST

EGIO

FIVN

GTLB

KOPN

LITE

LWLG

NSIT

PLUS

PSTG

VECO

Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

CrowdStrike Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) reported non-GAAP earnings of $1.04 per share in the second quarter of fiscal 2025, which surpassed the Zacks Consensus Estimate of 98 cents and came ahead of management&#39;s guidance of 98-99 cents. CRWD reported non-GAAP earnings of 74 cents in the year-ago quarter. The robust bottom-line performance was mainly driven by higher revenues and better cost management.
CrowdStrike&#39;s fiscal second-quarter revenues of $963.9 million rose 32% year over year and surpassed the consensus mark of $958.58 million. The top line was also higher than the company&#39;s guidance of $958.3-$961.2 million. The strong adoption of the Falcon platform and better sales execution mainly aided top-line growth in the fiscal second quarter.
Strong adoption of the Falcon platform can be attributable to its ability to consolidate cybersecurity functions at scale, meeting the market&#39;s demand for a unified AI-powered solution. The expansion of available modules has enhanced the platform&#39;s value, leading to increased adoption, particularly in cloud, Identity and Falcon Next-Gen SIEM modules.
Despite the strong second-quarter performance, CrowdStrike lowered guidance for fiscal 2025 due to several factors, including an extended sales cycle and planned delay in the vast majority of outbound pipeline generation activities for a few weeks following the July 19 incident.
The stock has plunged 23% since the global IT outage incident on July 19, underperforming the Zacks Internet &ndash; Software industry&#39;s growth of 4.6%. Given the company&#39;s lowered guidance for fiscal 2025, we expect CrowdStrike&#39;s share price to be under pressure in the near term.
<div class="chart_embed">
<h3>CrowdStrike Price, Consensus and EPS Surprise</h3>
<h2><img alt="CrowdStrike Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/8f/1724933222.png" style="height:277px; width:610px" title="" /></h2>
CrowdStrike price-consensus-eps-surprise-chart | CrowdStrike Quote
</div>
<h2>Top-Line Details of CRWD</h2>
Subscription revenues (95.3% of the total revenues) jumped 33% year over year to $918.3 million. Professional services revenues (4.7% of the total revenues) rose 9.5% year over year to $45.6 million.
As of July 31, 2024, annual recurring revenues&nbsp;were $3.86 billion, up 32% year over year. The company added $217.6 million to its net new ARR in the reported quarter.
CrowdStrike&#39;s subscription customers, who adopted five or more cloud modules, represented 65% of the total subscription customers, those with six or more cloud modules accounted for 45% and those with seven or more cloud modules represented 29% as of July 31, 2024.
<h2>CRWD&#39;s Operating Details</h2>
CrowdStrike&#39;s non-GAAP gross profit increased 33% to $756 million in the fiscal second quarter from $568.2 million in the year-ago quarter. The non-GAAP gross margin remained flat at 78%. The strong gross margin performance was primarily driven by the company&#39;s ability to command stable pricing, supported by the exceptional customer value delivered by its Falcon platform, as well as its continued investments in data center and workload optimization.
The non-GAAP subscription gross profit soared 34.5% year over year to $740.5 million, while the gross margin increased 100 bps to 81% on a year-over-year basis. The non-GAAP professional gross profit declined 13% to $15.5 million, while the gross margin fell 900 bps to 34% on a year-over-year basis.
CrowdStrike&#39;s total non-GAAP operating expenses increased 23% to $529.2 million from $412.5 million reported in the year-ago quarter. However, as a percentage of revenues, non-GAAP operating expenses declined to 55% from 56% in the year-ago quarter.
Non-GAAP sales and marketing (S&amp;M) expenses jumped 27.4% year over year to $294.3 million. Non-GAAP research and development (R&amp;D) expenses climbed 31.4% year over year to $174 million. Non-GAAP general and administrative (G&amp;A) expenses increased 24% year over year to $61 million. As a percentage of revenues, S&amp;M and G&amp;A expenses contracted by 100 bps each while R&amp;D expenses remained flat at 18%.
The non-GAAP operating income jumped 46% to $226.8 million, mainly driven by higher revenues. The non-GAAP operating margin for the quarter improved 300 bps year over year to 24%, which benefited from a higher gross margin and lower operating expenses as a percentage of revenues.
<h2>CRWD&#39;s Balance Sheet &amp; Cash Flow</h2>
As of July 31, 2024, cash and cash equivalents were $4.04 billion. CrowdStrike had a long-term debt of $743.2 million.
In the fiscal second quarter, CRWD generated operating and free cash flows of $327 million and $272 million, respectively.
<h2>CrowdStrike&#39;s Q3 and FY25 Guidance</h2>
CrowdStrike initiated guidance for the fiscal third quarter and revised the projections for fiscal 2025. For the fiscal third quarter, CrowdStrike anticipates revenues between $979.2 million and $984.7 million. The non-GAAP operating income is expected in the band of $166.7-$170.8 million. Non-GAAP net income is forecasted in the range of $201.2-$205.2 million. The company expects non-GAAP earnings per share in the band of 80-81 cents. The consensus mark for fiscal third-quarter revenues and non-GAAP earnings is pegged at $958.6 million and 98 cents per share, respectively.
For fiscal 2025, CRWD now expects revenues between $3,890 million and $3,902.2 million, down from the previously projected range of $3,976.3-$4,010.7 million. The updated non-GAAP operating income for fiscal 2025 is now projected in the band of $774.7-$783.9 million compared with the previously guided range of $890.1-$916.5 million.
The company now expects non-GAAP net income in the range of $908.8-$918.0 million compared with the previous guidance of $985.6-$1,012 million. Non-GAAP earnings are now anticipated in the band of $3.61-$3.65, down from the previous guidance range of $3.93-$4.03. The consensus mark for fiscal 2025 revenues and non-GAAP earnings is pegged at $3.97 billion and $3.92 cents per share, respectively.
<h2>Zacks Rank &amp; Stocks to Consider</h2>
CRWD currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the broader technology sector are Aspen Technology (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azpn#NASDAQ">AZPN</a>), Celestica (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) and Arista Networks, each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus mark for Aspen&#39;s 2025 earnings has been revised upward by 70 cents to $7.43 per share over the past 30 days, indicating a 12.8% year-over-year increase. It has a long-term earnings growth expectation of 13.1%. The stock has lost 2.7% year to date.
The Zacks Consensus Estimate for Celestica&#39;s 2024 earnings has been revised upward by 33 cents to $3.65 per share in the past 60 days, suggesting year-over-year growth of 50.2%. Shares of Celestica have surged 72% year to date.
The Zacks Consensus Estimate for Arista&#39;s 2024 earnings has been revised upward by 30 cents to $8.24 per share in the past 30 days, indicating an increase of 18.73% on a year-over-year basis. Shares of ANET have jumped 46.7% year to date. It has a long-term earnings growth expectation of 17.2%.
<a href="https://www.zacks.com/stock/news/2328914/crwd-q2-earnings-beat-will-weak-fy25-guidance-drag-down-shares?cid=CS-BENZ-FT-analyst_blog|earnings_article-2328914">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

Guidance

Small Cap

Management

AZPN

CRWD

CRWD Q2 Earnings Beat: Will Weak FY25 Guidance Drag Down Shares?

<h3 class="wp-block-heading">Looks Like The Bull Market's Back (For Now)</h3>
During a market pullback last month, I placed two bullish trades, one on&nbsp;Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), which expired worthless earlier this month, and one on&nbsp;Travelzoo&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZOO#NASDAQ">TZOO</a>) I opened a GTC (Good ‘Till Canceled) order on half of the TZOO options to exit them when they were up 200%, and that trade just filled yesterday. I'm holding out for a bigger gain on the other half of that trade.
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That small caps like TZOO have been ripping to the upside is one indication that the bull market is back for now. While it is, let's try to make some more money.
<h3 class="wp-block-heading">Four Bullish Bets</h3>
You might think that with the recent market rally it would be easier to find stocks to bet against than bet on, but that hasn't been the case. I did post one short trade on Friday, which filled for me on Monday,
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-fading-a-monster-gainer"><img loading="lazy" decoding="async" width="841" height="561" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164438/Fading-A-Monster-Gainer.jpg" alt="" class="wp-image-593" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164438/Fading-A-Monster-Gainer.jpg 841w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164438/Fading-A-Monster-Gainer-300x200.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164438/Fading-A-Monster-Gainer-768x512.jpg 768w" sizes="(max-width: 841px) 100vw, 841px" /></a></figure>
But other names that come up on the same bearish screen look less attractive when I dig into them. For example, some reported earnings this month and beat estimates. I do have four interesting long ideas today though:
<ol>
<li>A&nbsp;<a href="https://portfolioarmor.com/performance-top-names">Portfolio Armor Top Name</a>&nbsp;that has an overall valuation rating of 7 (on a scale of 0-to-10) and a&nbsp;<a href="https://www.semanticscholar.org/paper/Value-Investing%3A-The-Use-of-Historical-Financial-to-Piotroski/0559e92e06dae21e77ea79d79417b8a1d40be772">Piotroski F-Score</a>&nbsp;of 8 (on a scale of 0-to-9), according to&nbsp;<a href="https://www.chartmill.com/home?a=221937">Chartmill</a>&nbsp;data. Valuations of 7 are fairly rare among PA top names. I'm buying the underlying shares here, as part of our core strategy. (Our core strategy is to buy equal dollar amounts of Portfolio Armor&#8217;s top ten names, put trailing stops of 10% to 20% on them, and replace them with current Portfolio names when we get stopped out). My guess is that we'll be less likely to be stopped out of a top name with a higher valuation rating during the next market scare.</li>
<li>Another current Portfolio Armor top name that's been on a tear. This one has an overall technical rating of 10 via Chartmill, and a set-up rating of 7, indicating this could be a good time for an entry. With this one, I'm going to do something a little different and just bet on it trading higher a month from now, rather than holding it through its next earnings release. Given its valuation, I feel more comfortable placing a shorter-term trade here.</li>
<li>The third stock is one I set a "666" alert on a couple of months ago. It just popped up on that screen, which looks for names with an overall technical rating, set-up rating, and valuation rating of 6 or better. This one has an overall technical rating of 8, a set-up rating of 6, and a valuation rating of 7. It reported earnings this month, and beat on both top and bottom lines. For this one, I'm placing an options trade on it going out past next quarter's earnings.</li>
<li>The fourth stock came up on the same screen that gave us&nbsp;PDD Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) <a href="https://portfolioarmor.substack.com/p/trade-alert-when-others-are-fearful">last month</a>. Both of our PDD trades are currently on track for &gt;200% gains.</li>
</ol>
Details below, but before we get to them, a reminder:&nbsp;If you're concerned about the next market downturn, you can download our optimal hedging app&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">here</a>.
<h3 class="wp-block-heading">Bullish Trade #1</h3>
The company is&nbsp;Celestica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) and the trade is buying it at or below $54.50 per share and putting a trailing stop of 15% to 20% on it. This trade filled at $54.50.
Subscribers can read about the other three bullish trades&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-four-bullish-trades">here</a>.&nbsp;
If you&#8217;d like a heads up when we place our next trade, feel free to subscribe to our trading Substack/occasional email list below.&nbsp;

If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164804/Widget-7.jpg" alt="" class="wp-image-594" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164804/Widget-7.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/08/20164804/Widget-7-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

COIN

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TZOO

Looks Like The Bull Market's Back (For Now)

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