FBN Securities Initiates Coverage On Celestica with Outperform Rating, Announces Price Target of $375
FBN Securities analyst Shebly Seyrafi initiates coverage on Celestica (NYSE:CLS) with a Outperform rating and announces Price Target of $375.
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Filed: 2026-09-11 AccNo: 0001104659-26-107079 Size: 212 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 9.01: Financial Statements and Exhibits
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FBN Securities analyst Shebly Seyrafi initiates coverage on Celestica (NYSE:CLS) with a Outperform rating and announces Price Target of $375.
Arista Networks reported strong cash flow performance in H1 2026, with operating cash flow reaching $2.78 billion and free cash flow surging 50% year-over-year. Revenue grew 37.7% to $3.04 billion with operating margins expanding to 49.9%. Deferred revenues increased to $6.9 billion, supporting future cash generation. The company benefits from sustained AI infrastructure spending and improved supply chain management, though management warns of potential volatility from inventory and deferred revenue fluctuations.