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Celestica beats Q1 earnings estimates but shares fall; POET loses Marvell contract amid confidentiality breach.

Market News
28 Apr 2026
Seeking Alpha
View Source
Neutral
pluang ai news

Celestica reported Q1 earnings per share of $2.16, beating the $2.09 consensus, and gave a strong Q2 outlook, yet shares fell after a significant rally earlier this year. Analyst Kumquat Research upgraded Celestica to Strong Buy, highlighting its stable growth and manufacturing advantage over riskier AI peers. Meanwhile, POET Technologies lost a key contract with Marvell due to confidentiality breaches, causing further share price declines. German Chancellor Friedrich Merz criticized the U.S. strategy on Iran, calling it ineffective and costly for Germany's economy.

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