Corning, Inc. (GLW)

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….

Yesterday, Apple (AAPL; $219.17; NR) announced it will be funding a $2.5B investment into Corning (GLW; $64.61; O/P) as part of AAPL’s latest U.S. Advanced Manufacturing Fund, which is aimed at incentivizing global companies to…

We raise our 2025/2026E EPS for Corning (GLW; $61.98; O/P) from $2.35/$2.65 to $2.50/$2.90 after its healthy “beat and raise”, including a second consecutive quarter of big upside from Optical Communications (~40% of 2025E sales…

Corning (GLW; $55.41; O/P) reported Q2 “core” EPS of $0.60, which was ahead of our consensus-matching $0.57 led by better-than-expected core sales ($4,045mm vs. our $3,850mm and the Street’s $3,856mm). Recall, GLW’s Q2 outlook called…

We reiterate our Outperform and raise our target from $60 to $65 on the shares of Corning (GLW; $54.29; O/P) as we expect a solid “beat and raise” from the company with its Q2 print…