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Celestica shareholders elect 9 directors

Celestica shareholders elected nine directors at the annual meeting. Stock up 207% in one year, but Bond.az analysis shows overvaluation.

Samuel Nguyen
BySamuel Nguyen- Senior Editor
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TORONTO - Celestica Inc. (NYSE:CLS) (TSX:CLS) announced that shareholders elected nine directors at its Annual Meeting of Shareholders held today.

All nine nominees proposed by management were elected through a ballot vote.

Kulvinder (Kelly) Ahuja received 71,583,055 votes (99.51%), Christopher W. Colpitts 71,837,402 (99.86%), David Reeder 71,778,785 (99.78%), Jill Kale 71,592,159 (99.52%), Amar Maletira 70,781,945 (98.39%), Robert A. Mionis 68,015,476 (94.55%), Robert A. Cascella 67,994,342 (94.52%), Françoise Colpron 67,276,010 (93.52%), and Laurette T. Koellner 66,610,878 (92.60%).

Celestica trades at $339.34, delivering a 207% return over the past year. The company, valued at $38.7 billion, posted 37% revenue growth. According to Bond.az analysis, the stock currently appears overvalued.

Several analyst firms recently raised their price targets for Celestica, citing strong demand momentum and AI growth.

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Celestica shareholders elect 9 directors | Bond.az