Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors

every morning. Good morning. Today is Tuesday, April 28th, and I'm your host Kim Khan, filling in for

Julie Morgan. Celestica is slumpy in pre-market trading, even after posting Q1 earnings and guidance

to the top estimates. In what looks

like a case of good, but not good enough, the AI infrastructure play reported EPS of 216 ahead of the

209 forecast on revenue of $4.05 billion right in line with expectations. Shares had surge

more than 40% year-to-date, and more than 350% over the past 52 weeks.

For Q2, Celestica expects EPS between 214 and 234, above the 213 consensus. Sales are projected

between 4.15 and 4.45 billion, with the midpoint topping the 4.18 billion estimate.

CEO Rob Mionis said the company's 2027 outlook continues to

strengthen, citing accelerating growth in cloud connectivity and advanced technology solutions.

Seeking Alpha Analyst Comquot Research upgraded the stock to Strong Buy following the results,

noting that as an original design manufacturer rather than a silicon designer, its growth will likely

be more modest than some of its peers. But what it lacks in explosive growth, it makes up for

with lower risk and a manufacturing mode that will be hard to cross, the analyst added, calling

CLS a differentiated value play within a high beta AI portfolio. Meanwhile, loose lips sink stocks. Poet technology uses extending losses

in pre-market trading after plunging nearly 50% in the prior session. The company disclosed

Monday that it lost a contract with Celestial AI, which has since been acquired by Marvel

Technology, essentially for talking up the deal. As the basis for the cancellation, Marvel indicated that the company had made disclosures

of information related to the purchase order and shipping details and contravention

of its confidentiality obligations, Poet said.

Chairs had previously surged amid speculation tying the company to Marvel and NVIDIA's hardware

...