Celestica has announced a $3 billion treasury offering of common shares to fund expansion across high-performance AI compute and data center Ethernet networking. The equity raise, led by BofA Securities, Citigroup and TD Securities, aims to strengthen the company’s balance sheet and enhance flexibility as it scales with surging global AI infrastructure demand. Management highlighted unprecedented demand from its Connectivity & Cloud Solutions segment and the strongest multi-year outlook in the company’s history. Net proceeds will be directed to working capital, capital expenditures and general corporate purposes, with the deal subject to customary closing conditions and listing approvals on the NYSE and TSX. The most recent analyst rating on the stock is a Hold with a C$410.00 price target. According to Spark, TipRanks’ AI Analyst, CLS is a Outperform, driven primarily by strong financial performance and an exceptionally bullish earnings call with raised guidance and strong AI/hyperscaler demand visibility, offset by weaker cash conversion, a high P/E with no dividend support, and mixed technical positioning. Celestica is a global leader in data center infrastructure and advanced technology solutions, focusing on enabling AI, cloud, and hybrid cloud data center deployments.