Corning, Inc. (GLW)

We reiterate our Outperform on the shares of Corning (GLW; $52.89) after our review of its recently filed 10-K, which highlighted to us a range of conservatism in our model. Importantly, this includes profit and…

We reiterate our Outperform and $60 target on the shares of Corning (GLW; $49.80) after the company delivered a solid Q4 “beat and raise” while advertising that its risk adjusted “Springboard Framework” goals for 2026E…

Corning (GLW; $51.23; O/P) reported Q4 “core” EPS of $0.57, which was modestly ahead of our consensus matching $0.56 on better-than-expected core sales ($3,874mm vs. our $3,755mm and the Street’s $3,764mm). Recall, GLW’s Q4 outlook…

We reiterate our Outperform on the shares of Corning (GLW; $53.98; O/P) ahead of the company’s Q4 results and outlook, which are scheduled for Wednesday (1/29 before market). We assume GLW produces some moderate upside…

Earlier this week, Garmin (GRMN; $211.39; NR) introduced its next-generation auto infotainment system, the Unified Cabin 2025, at the Consumer Electronics Show (CES) in Las Vegas, which includes a new ultra-wide front display that uses…

Corning (GLW; $48.00; O/P) seems to be moving quickly to address recently raised concerns from the European Commission (EC) around the company’s position in the cover glass market. Recall, the EC announced earlier this month…

Last Friday (11/8), the U.S. Department of Commerce announced it signed a preliminary memorandum of terms with Corning (GLW; $48.90; O/P) to provide up to $32mm in direct funding under the U.S. CHIPS and Science…

We think yesterday’s Q3 results and guidance from Lumen Technologies (LUMN; $8.87; NR) highlighted the Optical Technologies sales and profits tailwinds (30%+ of 2024E sales and nearly 40% of profits) that Corning (GLW; $48.30; O/P)…

We reiterate our Outperform and raise our target from $53 to $60 on the shares of Corning (GLW; $49.03) after the company produced healthy “core” Q3 EPS leverage it sees continuing into Q4E, led by…

Corning (GLW; $46.84; O/P) reported Q3 “core” EPS of $0.54, which was in line with our $0.54 and a penny ahead of the Street’s $0.53 on somewhat better than expected core sales ($3,733mm vs. our…

This morning, the U.S. Department of Commerce announced that it signed a non-binding preliminary memorandum of terms with Corning’s (GLW; $47.08; O/P) Hemlock Semiconductor business (9% of 2024E sales) to provide up to $325mm in…

The shares of Corning (GLW; $46.62; O/P) have rebounded 23% since early-August, exceeding prior highs of May 2021 to levels last seen in 2000, which of course “raises the bar” for the stock into its…

Recent news flow out of Corning (GLW; $44.67; O/P) provides further support for the idea that the company is well positioned to continue to re-purpose its glass manufacturing assets towards the production of newer and…

We reiterate our Outperform on the shares of Corning (GLW; $44.43) after visiting its largest optical fiber manufacturing facility yesterday (9/19) in Concord, NC. During our visit we heard presentations from and had offline discussions…

We reiterate our Outperform and $50 target on the shares of Corning (GLW; $40.26) after hosting a virtual investor meeting with Ann Nicholson, Vice President of Investor Relations, on Wednesday (8/14). Most importantly for us,…