Corning, Inc. (GLW)

Earlier this week, we toured Corning’s (GLW; $131.90; E/W) trade show booth at OFC in Los Angeles where we had the opportunity to meet with a number of managers, led by Michael O’Day, Senior VP…

This morning, Corning (GLW; $132.66; E/W) announced a collaboration with US Conec to become a licensee of PRIZM TMT optical ferrule technology, which enables higher fiber counts in tighter spaces inside data centers. Recall, ceramic…

Yesterday, Corning (GLW; $157.79; E/W) announced the launch of Gorilla Glass Ceramic 3, which the company described as the “toughest ceramic cover material that the company has ever developed. We think this announcement, which management…

We maintain our 2026E EPS on Corning (GLW; $129.96; E/W) at $2.90, which is +15% YoY and somewhat below consensus of $3.06, following our review of the company’s recently released 10-K. Broadly speaking, the filing…

We are reducing our rating on the shares of Corning (GLW; $104.28) from Outperform to Equal-Weight. The stock is up 110% YoY, including +34% just since mid-November, and has now risen 2.8X since our upgrade…

Corning (GLW; $109.74; O/P) reported Q4 “core” EPS of $0.72, which was ahead of our $0.70 and the Street’s $0.71 on core sales of $4,412mm that was also better than our $4,354mm and the Street’s…

“All eyes” will of course be on Corning’s (GLW; $94.28; O/P) Optical Communications business (~40% of 2025E sales and 35-40% of profits ex-corporate expenses) with its Q4 results and guidance on Wednesday (1/28 before market)….

We basically maintain our 2025/2026E EPS for Corning (GLW; $86.43; O/P) at $2.52/$2.90 after the company’s Q3 results and outlook were “only” modestly ahead of consensus expectations. This was especially of note with Optical Communications…

Corning (GLW; $89.37; O/P) reported Q3 “core” EPS of $0.67, which was ahead of our consensus matching $0.66 on somewhat higher core sales than we modeled ($4,272mm vs. our $4,200mm and the Street’s $4,231mm). Recall,…

We reiterate our Outperform on the shares of Corning (GLW; $85.80) ahead of its Q3 results and guidance, scheduled for next Tuesday (10/28 before market). Admittedly, the stock has rallied substantially since the end of…

Yesterday (9/29), Corning (GLW; $81.01; O/P) and GlobalFoundries (GFS; $35.75; NR) announced a collaborative effort to develop GLW’s detachable fiber connector solutions (GlassBridge) specifically for GFS’ silicon photonics platform. We note GlassBridge is a co-packaged…

Earlier this week, Microsoft (MSFT; $507.01; NR) announced in a blog post a new strategic manufacturing partnership with Corning (GLW; $78.97; O/P), which is focused on accelerating the production of next generation Hollow Core Fiber…

This morning, Lumen Technologies’ (LUMN; $6.45; NR) announced plans to accelerate its “multi-billion” dollar investment strategy aimed at expanding its network due to increasing artificial intelligence (AI) demand, which we view as incrementally bullish for…

We are raising our target on the shares of Corning’s (GLW; $77.04; O/P) from $75 to $90 to reflect our further confidence in the company’s financial prospects for at least the next 2-4 quarters given…

This morning, Corning (GLW; $65.06; O/P) announced a strategic commercial agreement with T1 Energy (TE; $1.34; NR), a Texas based producer of solar photovoltaic (PV) modules for the U.S. market from its domestically located production….