Corning, Inc. (GLW)

We are raising our rating on the shares of Corning (GLW; $118.79; O/P) from Equal-Weight to Outperform. We believe that the 54% decline in shares, which brings the stock back to levels last seen in…

Overnight, we think we saw some of the tangible near-term supply chain evidence that we are hoping to hear from Corning (GLW; $132.26; E/W) about its photonics ambitions when the company reports its Q3 results…

We think the shares of Corning (GLW; $132.26; E/W) are at an interesting crossroads with its Q3 results and guidance, scheduled for next Tuesday (10/27 before market) with the stock down 48% over the past…

This morning, Corning (GLW; $158.82; E/W) announced its latest in a series of new strategic Optical Communications (43% of 2026E sales and 53% of EBIT) engagements of the past year with a “multi-year” fiber and…

This morning, Corning (GLW; $168.48; E/W) announced that it has extended on a prior set of long-standing supply agreements with Verizon (VZ; $50.10; NR) through what is being described as a “multi-billion-dollar agreement for 80+…

We are bumping up our 2026E EPS for Corning (GLW; $138.25; E/W) from $3.20 to $3.30 (+30% YoY) while maintaining 2027E EPS at $4.20 (+27%). As illustrated in the table below, our estimate changes come…

We are raising our 2026/2027E EPS from $3.10/$3.75 to $3.20/$4.20 on Corning (GLW; $183.38; E/W) ahead of the company’s Q2 results and guidance, which are scheduled for July 28th (before market open). Our higher EPS…

Yesterday, we attended Corning’s (GLW; $181.44; E/W) Investor Day in New York, which highlighted a technical roadmap well positioned for success in coming years, particularly Optical Communications (40%+ of sales and profits). The meeting focused…

We raise our 2026/2027E EPS from $2.90/$3.25 to $3.10/3.75 for Corning (GLW; $153.05; E/W) after the company produced some modest Q1 upside with some more favorable forward-looking guidance, which was not surprisingly led by Optical…

We think Corning (GLW; $168.14; E/W) produces a very solid set of Q1 results and guidance, which are scheduled for April 28th (before market), including healthy upside from Optical Communications (~40% of 2026E sales and…

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…