Profile
Sector:
TechnologyIndustry:
Electronic ComponentsCountry:
United StatesIPO:
31 December 1981Website:
http://www.corning.comNext earnings report:
30 January 2025Last dividends:
15 November 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:56:28 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
GLW Latest News
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Corning Incorporated's stock has increased in value over the past year since my last positive view on it. Recently, GLW announced impressive Q3 results and is experiencing strong demand driven by AI and data centers from major telecom companies. Additionally, Corning offers a good dividend yield, has a solid financial position, and is considered a growth stock at a fair price.
Investors interested in the Communication - Components sector may want to look at Corning (GLW) or Arista Networks (ANET). However, which of these two stocks is more appealing for value investors?
Corning announced impressive results for the third quarter, surpassing expectations for both revenue and profit. They experienced an 8% increase in revenue and a 20% rise in income for Q3, with forecasts suggesting a 15% sales growth and a 40% income boost in Q4. This indicates that Corning is entering a significant growth phase, making it a strong long-term investment option.
No matter if you focus on value, growth, or momentum investing, discovering solid stocks is simpler with the Zacks Style Scores, which is a key part of the Zacks Premium research service.
Corning's impressive results in the third quarter and positive future predictions indicate that GLW stock could rise, appealing to long-term investors. The Optical Communications division is gaining from new products related to generative AI, with possible growth from partnerships with AT&T and Lumen Technologies. Corning anticipates that its operating margins will exceed 20% by 2026, supported by solid gross margins, cash flow, and technical skills.
Corning's latest third-quarter results have given investors a lot to be enthusiastic about.
Corning Incorporated (NYSE:GLW) will hold its Q3 2024 Earnings Conference Call on October 29, 2024, at 8:30 AM ET. The call will feature company representatives, including Ann Nicholson, Wendell Weeks, and Edward Schlesinger, along with participants from various financial institutions. The operator will begin the call by welcoming everyone and thanking them for their patience.
While the revenue and earnings per share (EPS) for Corning (GLW) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
What type of business is Corning Incorporated?
Corning Incorporated is an American multinational technology company headquartered in Corning, New York, specializing in display technologies, optical communications, environmental protection technologies, and specialized materials primarily for industrial and scientific applications. The company was previously known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851, with its headquarters located in Corning, New York.
What sector is Corning Incorporated in?
Corning Incorporated is in the Technology sector
What industry is Corning Incorporated in?
Corning Incorporated is in the Electronic Components industry
What country is Corning Incorporated from?
Corning Incorporated is headquartered in United States
When did Corning Incorporated go public?
Corning Incorporated initial public offering (IPO) was on 31 December 1981
What is Corning Incorporated website?
https://www.corning.com
Is Corning Incorporated in the S&P 500?
Yes, Corning Incorporated is included in the S&P 500 index
Is Corning Incorporated in the NASDAQ 100?
No, Corning Incorporated is not included in the NASDAQ 100 index
Is Corning Incorporated in the Dow Jones?
No, Corning Incorporated is not included in the Dow Jones index
When was Corning Incorporated the previous earnings report?
No data
When does Corning Incorporated earnings report?
The next expected earnings date for Corning Incorporated is 30 January 2025