1. Celestica receives a 'Hold' rating as its stock price already reflects strong margin growth and hyperscale-driven CCS segment expansion; 2. Revenue is shifting toward higher-margin Connectivity & Cloud Solutions (CCS) due to AI/data center demand and partnerships with hyperscalers; 3. Despite robust EPS growth, valuation now aligns with peers like ANET, limiting near-term upside after a multi-year rally.