Corning (GLW)

[winston]

not vested

A STRONG UPTREND IN THIS TECH INNOVATOR

Today, we look at the impressive run higher in one of the world's most innovative technology companies...

We're talking about glassmaker Corning (GLW). You may not think about this company much... But its products are everywhere.

Corning got its start making headlights, mirrors, and windshields. Then it made television tubes, and later transitioned to fiber-optic cables.

And its "Gorilla Glass" is found in many high-end smartphones today, including Apple's iPhone.

Staying on top of the latest technology has helped Corning grow consistently. Since 2010, revenues are up 47%, while gross profits have risen 32%. The company has also raised its dividend for six straight years.

As you can see from the following chart, that steady, impressive growth has translated into big gains for shareholders.

GLW shares are up more than 50% from their low in May, and they just touched their highest levels in almost nine years.

Corning's innovations are essential to our technological world – and its market performance suggests it's a name you should keep an eye on...

Source: Daily Wealth

[winston]

not vested

Top Picks 2020- Corning GLW

Since I have modest expectations for the overall stock market in 2020, I will be satisfied with a stock that delivers a solid double-digit total return (capital appreciation plus dividends), suggests Jim Pearce, editor of Investing Daily's Personal Finance.

At the same time, I would prefer a stock that increases steadily in value throughout the year instead of one that gyrates wildly.

I would also like a company with strong business partners that sells a product currently in high demand.

For those reasons, I have chosen Corning (GLW) as my one growth stock to own in 2020. The company formerly known as Corning Glassware was founded in 1851 as a maker of industrial grade glass. Since then it has evolved into a quasi-tech company given the level of sophistication in many of its products.

Corning is poised to capitalize from increased 5G spending no matter which direction it goes.

Last October, the company announced a strategic collaboration with Intel (INTC) to provide 5G infrastructure in commercial office buildings using a type of high-speed fiber optic material manufactured by Corning.

In addition to Intel, Corning has a strong corporate partner in Apple (AAPL). In September, Apple made a $250 million investment from its Advanced Manufacturing Fund to Corning, for glass used in the iPhone, Apple Watch, and iPad. That amount is on top of a $200 million infusion Apple made last year to Corning.

The upshot of all those developments is that Corning should post sales results next year that catch the stock market by surprise.

I believe the trading algorithms that extrapolate recent results into the future are underestimating how quickly Corning will be able to grow earnings over the next several quarters.

Corning is valued at 15 times forward earnings compared to a multiple of 19 for the S&P 500 Index. However, I suspect the company is lowballing its earnings guidance for 2020 to keep expectations modest, so a more accurate forward price-to-earnings ratio may be closer to 13.

If my hunch proves correct, I expect GLW to rise back up to $34 by the end of next year. Combined with its 2.8% dividend yield, that works out to a total return of 20%, which should make Corning a market-beating growth stock in 2020.

Source: Yahoo Finance

https://finance.yahoo.com/video/recessi ... 37646.html

[winston]

not vested

Corning Beats Q1 Estimates but Drops 9% on Guidance Miss

Q1 outperformed with strong sales, EPS growth and multibillion hyperscaler deals — but a $50M Q2 revenue miss sparked a nearly 9% sell-off.

Investors must decide if the dip is a buying opportunity or a reality check on runaway expectations.

Key Points

Corning reported strong Q1 2026 results, with revenue up 18% to $4.35 billion and EPS rising 30% to 70 cents.

Corning disclosed three large hyperscale contracts, including a previously announced Meta deal worth up to $6 billion each, securing long-term AI infrastructure supply commitments.

Shares fell close to 9% after Q2 revenue guidance of $4.6 billion came in $50 million below analyst consensus, despite continued double-digit growth projections.

Source: Market Beat

[behappyalways]

Why Nvidia And Corning’s Fiber Deal Could Change The Game For The AI Boom
https://m.youtube.com/watch?v=ZXFw8EGbX3E


Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
https://www.zerohedge.com/markets/corni ... cs-out-10x