Restructuring Efforts Buoy GLW: Can the Stock Sustain This Growth?
- With a reorganized operating structure, Corning is benefiting from improved demand and commercialization of its innovations.
- 03/18/2025
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Corning Upgrades High-Confidence Springboard Plan to Now Add More Than $4 Billion in Annualized Sales, and to Achieve Operating Margin of 20%, by End of 2026 (1)
- CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced an upgrade to its Springboard plan, along with details on the key milestones achieved across the company, at an investor event in New York City. Wendell P. Weeks, chairman and chief executive officer, said, “Today, we upgraded our high-confidence Springboard plan to now add more than $4 billion in annualized sales, and to achieve operating margin of 20%, by the end of 2026. We expect our upgraded sales to come with.
- 03/18/2025
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Corning CEO on growth plan: Everything we see continues to point to strong demand over near-term
- Corning chairman and CEO Wendell Weeks joins 'Squawk Box' to discuss updates to the company's 'Springboard' plan, new Q1 guidance, impact of generative AI and infrastructure buildout, the company's solar division, and more.
- 03/18/2025
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Corning: Buy The Dip
- Corning's drop in price presents a great buying opportunity for value and growth investors. Its strong growth in optical communications, driven by AI and data center demand, supports its robust fundamentals and future potential. Strategic partnerships with Lumen Technologies and AT&T bolster Corning's position in expanding fiber infrastructure, enhancing its growth trajectory.
- 03/12/2025
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Tech company Corning, US solar manufacturers partner on American-made panel
- Technology company Corning has struck a deal with U.S. solar manufacturers Suniva and Heliene to produce what will be the only solar panel composed of all American-made components, the companies said on Thursday.
- 03/06/2025
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Corning, Suniva and Heliene Announce First ‘Made in America' Solar Module Supply Chain
- CORNING, N.Y. & NORCROSS, Ga. & MOUNTAIN IRON, Minn.--(BUSINESS WIRE)--Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells, and Heliene Inc., a leading U.S. solar PV module manufacturer, today announced a landmark deal with Corning Incorporated (NYSE: GLW) to provide the U.S. domestic market with the only solar module made with polysilicon, wafers and cells manufactured in the United States. Corning is supplying the wafers and, as the majority.
- 03/06/2025
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Why Is Corning (GLW) Down 2% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 02/28/2025
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Airspan Announces Agreement to Acquire Corning's Wireless Business
- BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agreement to acquire the wireless business of Corning Incorporated (NYSE:GLW). The transaction is subject to regulatory approval and is expected to close in Q1 2025. Corning's wireless business includes its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access n.
- 02/20/2025
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3 Communication Stocks Set to Ride on Healthy Fiber & Cloud Traction
- Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and AUDC are well-positioned to make the most of the demand for seamless connectivity solutions.
- 02/20/2025
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5 Dividend Stocks That Investors May Bank On for Growth
- Tapestry, RTX, Cintas, Broadcom and Corning promise growth for investors.
- 02/18/2025
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Corning Surges 65% in the Past Year: Reason to Buy GLW Stock?
- GLW is likely to benefit from improved demand and commercialization of its innovations and appears to be a solid investment option at the moment.
- 02/18/2025
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Billionaire David Tepper's Appaloosa Jumps Out of Adobe and Into This Iconic Company
- David Tepper's hedge fund, Appaloosa LP , filed its Q4 2024 13F holdings report recently.
- 02/13/2025
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Corning Announces Quarterly Dividend
- CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2025, to shareholders of record on February 28, 2025. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,”.
- 02/12/2025
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Here's Why Corning (GLW) is a Strong Momentum Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 02/07/2025
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Corning Q4: Accelerating Growth Supports Buy Rating
- Corning's Q4 2024 results exceeded expectations in revenue and EPS, with optimistic guidance for Q1 2025, reinforcing my long-term Buy rating. The company has entered a period of accelerated revenue growth, with margins expanding even more rapidly. Despite somewhat elevated valuation multiples, the stock has significant room for growth, with a $61 price target for 2025 under a base-case scenario.
- 02/06/2025
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 02/05/2025
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GLW or ANET: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Communication - Components sector have probably already heard of Corning (GLW) and Arista Networks (ANET). But which of these two stocks offers value investors a better bang for their buck right now?
- 02/03/2025
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Corning Incorporated (GLW) Hit a 52 Week High, Can the Run Continue?
- Corning (GLW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 01/30/2025
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Why Corning Stock Is Falling After an Initial Surge Today
- Corning (GLW -2.62%) stock is losing ground Wednesday despite an initial bullish surge early in the day's trading. The company's share price was down 2.4% as of 3:45 p.m.
- 01/29/2025
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Nasdaq Down Over 100 Points; Corning Posts Upbeat Earnings
- U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
- 01/29/2025
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Compared to Estimates, Corning (GLW) Q4 Earnings: A Look at Key Metrics
- The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 01/29/2025
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Corning Incorporated (GLW) Q4 2024 Earnings Call Transcript
- Corning Incorporated (NYSE:GLW ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Joe Cardoso - JPMorgan Asiya Merchant - Citi Wamsi Mohan - Bank of America John Roberts - Mizuho Matt Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Tim Long - Barclays James Cannon - UBS George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter Four 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you Ann Nicholson, Vice President of Investor Relations.
- 01/29/2025
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Corning Beats Q4 Estimates
- Corning (GLW -2.73%), a leader in specialty glass and ceramics, announced its fourth-quarter results for 2024 on Jan. 29. Highlights included earnings per share (EPS) of $0.57, beating expectations by $0.01, and revenue of $3.87 billion, surpassing estimates of $3.76 billion.
- 01/29/2025
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GLW Beats Q4 Earnings Estimates on Healthy Top-Line Improvement
- Solid traction in several verticals and optical connectivity products for GenAI applications helped GLW beat fourth-quarter earnings estimates.
- 01/29/2025
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Corning (GLW) Beats Q4 Earnings and Revenue Estimates
- Corning (GLW) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.39 per share a year ago.
- 01/29/2025
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Corning forecasts Q1 results above estimates on robust demand for AI-related infrastructure
- Corning on Wednesday forecasted first-quarter revenue and profit that beat Wall Street expectations, with the Gorilla Glass-maker expecting robust demand for its optical fiber products for artificial intelligence-related infrastructure.
- 01/29/2025
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Corning Reports Strong Fourth-Quarter and Full-Year 2024 Financial Results,(1) Marking Successful First Year of ‘Springboard' Plan
- CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its fourth-quarter and full-year 2024 results and provided its outlook for first-quarter 2025. Wendell P. Weeks, chairman and chief executive officer, said, “We had another outstanding quarter. We grew core sales 18% year over year to $3.9 billion and grew core EPS 46% to $0.57 while expanding core operating margin by 220 basis points to 18.5%. We also expanded core ROIC 390 basis points to 12.7%. Additionally, we.
- 01/29/2025
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Buy These 5 Stocks Set to Win Big After Earnings Results This Week
- We have narrowed our search to five corporate behemoths set to report earnings results this week. These are: CAH, LOGI, NOW, GLW, ADP.
- 01/28/2025
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Will Healthy Top-Line Expansion Boost Corning's Q4 Earnings?
- GLW is expected to report revenue growth year over year in the fourth quarter of 2024, backed by healthy traction in several end markets.
- 01/27/2025
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GLW Deploys Gorilla Armor 2 in Samsung Galaxy S25 Ultra Devices
- Corning introduces state-of-the-art cover material, Corning Gorilla Armor 2, which offers impressive durability and display clarity for mobile devices.
- 01/23/2025
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Why Corning (GLW) is Poised to Beat Earnings Estimates Again
- Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/22/2025
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Samsung Galaxy S25 Ultra Introduces Corning® Gorilla® Armor 2, the Industry's First Anti-Reflective Glass Ceramic for Mobile Devices
- CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. Samsung's Galaxy S25 Ultra devices showcase this revolutionary innovation on their front displays, marking an impressive milestone in mobile display technology. Gorilla Armor 2 is a landmark achievement in glass c.
- 01/22/2025
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Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/22/2025
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Why Corning (GLW) is a Top Momentum Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 01/22/2025
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 01/22/2025
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GLW or ANET: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Communication - Components sector have probably already heard of Corning (GLW) and Arista Networks (ANET). But which of these two companies is the best option for those looking for undervalued stocks?
- 01/16/2025
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GLW vs. ANET: Which Stock Is the Better Value Option?
- Investors looking for stocks in the Communication - Components sector might want to consider either Corning (GLW) or Arista Networks (ANET). But which of these two companies is the best option for those looking for undervalued stocks?
- 12/31/2024
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What Makes Corning (GLW) a New Buy Stock
- Corning (GLW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 12/31/2024
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Is Corning (GLW) Outperforming Other Computer and Technology Stocks This Year?
- Here is how Corning (GLW) and F5 Networks (FFIV) have performed compared to their sector so far this year.
- 12/31/2024
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Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'
- As the tech sector pivots from AI-fueled growth to a broader market recovery, JPMorgan analyst Samik Chatterjee highlights a cyclical rebound powering upside for traditional IT infrastructure and industrial tech.
- 12/16/2024
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Here's Why Corning (GLW) is a Strong Value Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 12/11/2024
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Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030
- After struggling for years, shares of Lumen Technologies (NYSE: LUMN) skyrocketed in 2024, more than doubling through the first three quarters of the year. But as the company continues operating with a negative price-to-earnings (Pbu/E) ratio, there are lingering concerns about the tech company’s future prospects. Lumen Technologies has been around a long time, so it was a surprise to some that stock was recently at risk of being delisted from the New York Stock Exchange when in 2023, its price per share briefly dipped under $1.00 on Nov. 1, 2023. Those struggles continued into 2024, but by mid-summer, the stock surged when demand for its high-speed fiber-network solutions began to grow. The company recently secured deals with Microsoft Corporation (NASDAQ: MSFT) and other leading tech companies, like Corning Inc. (NYSE: GLW), that are requiring increased connectivity between their data centers because of the explosive growth of artificial intelligence (AI). But after posting positive earnings to end FY 2022 and and repeat that success in the first two quarters of 2023 — including a sizable beat on earnings per share (EPS) of 43 cents to analysts’ expectations of 23 cents in Q4 of 2022 — Lumen has gone on to post negative EPS in four of the following five quarters as the company’s revenues have fallen steadily over the same period. So 24/7 Wall Street performed analysis to determine if the company is fundamentally flawed, or if AI demand and strategic partnerships will be enough to see its stock continue on its bull run. Key Points in This Article: Lumen Technologies’ net income losses were enormous last year, but on a trailing 12-month basis, there is a different story emerging that could suggest a turnaround of the company’s income statement. The company’s P/E ratio has been in negative territory six out of the past seven years, but the shift towards auxiliary AI services may right the ship. If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. This report breaks down AI stocks with 10x potential and will give you a huge leg up in profiting from this massive sea change. Recent Lumen Stock Updates and News 12/9/2024 Lumen Technologies is focusing heavily on AI and forging partnerships with major tech giants. The company’s recent Q3 earnings report sparked a significant rally, and its strong connectivity infrastructure positions it to capitalize on the increasing demand for AI-powered solutions. 12/5/2024 Lumen Technologies and Quantum Fiber have introduced a new internet plant called Simply Fiber. This new, low-cost plan offers speeds of up to 200 Mbps for just $30 per month, including free installation and 360 Wi-Fi for broader home coverage. 12/3/2024 Lumen received a positive outlook from Citigroup, which raised its target price from $6.50 to $8.00. Citigroup maintained a “Neutral” rating on the stock. 11/26/2024 Lumen and its subsidiary, Level Financing, have successfully completed their cash tender offers for unsecured 2028 Notes. The settlement for these tender offers is expected to be finalized by November 26, 2024. 11/22/2024 Lumen’s current P/S ratio of 0.6x is lower than the average P/S ratio for U.S. telecompanies, which is around 1.3x. 11/20/2024 Lumen’s stock continues to decline today, falling 3.10% during the afternoon trade. If it continues to fall, the stock may reach seven straight sessions of losses. 11/19/2024 Lumen’s stock declined 8.2% today, reaching a low of $7.42 during the trading session. Trading volume was also much lower than average, with only 3,415,937 shares changing hands, an 83% decrease from the average session volume. 11/18/2024 Analysts have given Lumen a consensus rating of “Reduce” based on an assessment from eight research firms. Three analysts recommend a “Sell” and five suggest a “Hold”. The average 12-month price target for the stock is $4.02. Lumen Technologies’ Recent Stock Success From July 1, 2024, to Sept. 30, 2024, shares of LUMN went on a tear. The stock, which was trading at just $1.11 at the start of the third quarter of 2024, surged 540% by the end of Q3. That was quite the reversal given how the stock has slid 86.49% since hitting its all-time high of $49.45 on June 1, 2007. But market drivers are far different today than they were then, and with the emphasis on AI development, Lumen Technologies’ stock is on a bounce back after falling -37.79% over the past five years: Year Share Price Revenue* Net Income* 2014 $39.70 $18.031 $0.851 2015 $25.87 $17.900 $0.795 2016 $24.12 $17.470 $0.744 2017 $16.99 $17.656 $0.356 2018 $14.90 $23.433 $0.964 2019 $13.42 $22.401 $5.157 2020 $9.75 $20.712 $1.351 2021 $12.55 $19.687 $2.019 2022 $5.22 $17.478 $1.713 2023 $1.83 $14.557 $7.334 *Revenue and net income in $billions Over the course of the last decade, Lumen’s revenue decreased by more than 19% while net income gained by over 761.81%. As the company battled through its dated infrastructure and a significant debt load — shares fell significantly from $39.70 in 2014 to $1.83 in 2023. However, Lumen has been able to better balance its books, with total assets and total liabilities nearly aligned in 2023 to the tune of $34.02 billion and $33.57 billion, respectively. As the 56-year-old tech company looks forward to the second half of the decade, 24/7 Wall Street has identified three key drivers that are likely to positively impact Lumen Technologies’ growth metrics and stock performance through 2030. Key Drivers of Lumen Technologies’ Stock Performance 1. Strategic Partnerships With Tech Giants: The aforementioned strategic partnerships with Microsoft, the second-largest publicly traded company by market cap at $3.096 trillion, and Corning with its $36.16 billion market cap, should position Lumen for increased revenues and earnings for the foreseeable future. The partnership, announced in early August 2024, will result in Lumen more than doubling its total intercity network miles in order to unlock the next phases and capabilities of AI for cloud data centers (like Microsoft’s), enterprises and public agencies. According to the company’s press release, Lumen expects the deal with Microsoft to improve its cash flow by more than $20 million over the next 12 months. 2. Debt Restructuring: In March 2024, the company announced it had successfully extended its debt maturities, closing an approximately $1 billion revolving credit line maturing in June 2028 and completing the private placement of $1.325 billion due in November 2029. These efforts should free up funds and allow the company to address capital expenditures that will enable it to address the demands of the previously discussed strategic partnerships with Microsoft and Corning. 3. Insider Activity: While insider trading is never an absolute indication of growth, following the money can suggest what company executives’ sentiment is. And over the past 12 months, Lumen Technologies’ insiders have been doing far more buying than they have been selling. In fact, inside buyers have purchased a total of 12,924,936 million shares versus insider sellers offloading just 2,913,990. Put differently, the leadership at Lumen has out out-purchased sellers by more than 343% over the past year. Lumen Technologies (LUMN) Price Prediction in 2025 According to analysts, the current consensus median one-year price target for Lumen Technologies is $4.00, which represents more than -38.84% downside potential over the next 12 months given the current price per share of $6.54. Of 12 analysts covering LUMN, nine rate the stock as a ‘Hold,’ with the consensus rating being 3.15 on a scale from 1 (‘Strong Buy’) to 5 (‘Strong Sell’). By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -3.67%, based on an annualized EPS of -46 cents. Lumen Technologies (LUMN) Stock Forecast Through 2030 Year Revenue* EPS 2025 $12.407 -$0.46 cents 2026 $12.229 -$0.26 cents 2027 $12.369 $0.05 cents 2028 $12.473 $0.39 cents 2029 $12.862 $0.38 cents 2030 $13.070 $0.69 cents *Revenue in $billions How Lumen Technologies’ Next Five Years Could Play Out By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -14.17%, based on an annualized EPS of -46 cents. However, beginning in 2027 and continuing through 2030, we expect LUMN to post positive EPS growing from 5 cents to 59 cents based on revenue growth from $12.369 billion in 2027 to $13.070 billion in 2030. Lumen Technologies’ Price Target for 2030 By the conclusion of 2030, 24/7 Wall Street estimates that Lumen Technologies stock will be trading for $7.40 per share. Year Price Target 2025 $6.30 2026 $6.20 2027 $6.50 2028 $6.70 2029 $7.10 2030 $7.40 Cash Back Credit Cards Have Never Been This Good Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers. Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers. The post Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
- 12/11/2024
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Why Is Corning (GLW) Up 0.4% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 11/28/2024
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3 Communication Stocks Set to Ride on Fiber Network & Cloud Focus
- Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and HLIT are well-positioned to make the most of the demand for seamless connectivity solutions.
- 11/28/2024
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Corning offers bundle of commitments in bid to settle EU antitrust probe
- After the European Union opened a competition investigation into Corning earlier this month, citing concerns over alleged exclusive dealing, the Gorilla Glass maker has offered a raft of changes to its contract clauses aimed at settling the probe.
- 11/25/2024
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Apple supplier Corning offers to waive exclusive deals in EU antitrust probe
- The European Commission on Monday said U.S. maker of break resisting glass Corning had offered to waive all exclusive deals with mobile phone manufactures to address concerns over possible anticompetitive behaviour.
- 11/25/2024
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Why Corning (GLW) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 11/20/2024
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Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030
- After struggling for years, shares of Lumen Technologies (NYSE: LUMN) skyrocketed in 2024, more than doubling through the first three quarters of the year. But as the company continues operating with a negative price-to-earnings (Pbu/E) ratio, there are lingering concerns about the tech company’s future prospects. Founded in 1968, Lumen Technologies has been around a long time, so it was a surprise to some that stock was recently at risk of being delisted from the New York Stock Exchange when in 2023, its price per share briefly dipped under $1.00 on Nov. 1, 2023. Those struggles continued into 2024, but by mid-summer, the stock surged when demand for its high-speed fiber-network solutions began to grow. The company recently secured deals with Microsoft Corporation (NASDAQ: MSFT) and other leading tech companies, like Corning Inc. (NYSE: GLW), that are requiring increased connectivity between their data centers because of the explosive growth of artificial intelligence (AI). But after posting positive earnings to end FY 2022 and and repeat that success in the first two quarters of 2023 — including a sizable beat on earnings per share (EPS) of 43 cents to analysts’ expectations of 23 cents in Q4 of 2022 — Lumen has gone on to post negative EPS in four of the following five quarters as the company’s revenues have fallen steadily over the same period. So 24/7 Wall Street performed analysis to determine if the company is fundamentally flawed, or if AI demand and strategic partnerships will be enough to see its stock continue on its bull run. Key Points in This Article: Lumen Technologies’ net income losses were enormous last year, but on a trailing 12-month basis, there is a different story emerging that could suggest a turnaround of the company’s income statement. The company’s P/E ratio has been in negative territory six out of the past seven years, but the shift towards auxiliary AI services may right the ship. If you’re looking for a mega trend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. This report breaks down AI stocks with 10x potential and will give you a huge leg up in profiting from this massive sea change. Recent Lumen Stock Updates and News 11/18/2024 Analysts have given Lumen a consensus rating of “Reduce” based on an assessment from eight research firms. Three analysts recommend a “Sell” and five suggest a “Hold”. The average 12-month price target for the stock is $4.02. Lumen Technologies’ Recent Stock Success From July 1, 2024, to Sept. 30, 2024, shares of LUMN went on a tear. The stock, which was trading at just $1.11 at the start of the third quarter of 2024, surged 540% by the end of Q3. That was quite the reversal given how the stock has slid 86.49% since hitting its all-time high of $49.45 on June 1, 2007. But market drivers are far different today than they were then, and with the emphasis on AI development, Lumen Technologies’ stock is on a bounce back after falling -25.48% over the past five years: Year Share Price Revenue* Net Income* 2014 $39.70 $18.031 $0.851 2015 $25.87 $17.900 $0.795 2016 $24.12 $17.470 $0.744 2017 $16.99 $17.656 $0.356 2018 $14.90 $23.433 $0.964 2019 $13.42 $22.401 $5.157 2020 $9.75 $20.712 $1.351 2021 $12.55 $19.687 $2.019 2022 $5.22 $17.478 $1.713 2023 $1.83 $14.557 $7.334 *Revenue and net income in $billions Over the course of the last decade, Lumen’s revenue decreased by more than 19% while net income gained by over 761.81%. As the company battled through its dated infrastructure and a significant debt load — shares fell significantly from $39.70 in 2014 to $1.83 in 2023. However, Lumen has been able to better balance its books, with total assets and total liabilities nearly aligned in 2023 to the tune of $34.02 billion and $33.57 billion, respectively. As the 56-year-old tech company looks forward to the second half of the decade, 24/7 Wall Street has identified three key drivers that are likely to positively impact Lumen Technologies’ growth metrics and stock performance through 2030. Key Drivers of Lumen Technologies’ Stock Performance 1. Strategic Partnerships With Tech Giants: The aforementioned strategic partnerships with Microsoft, the second-largest publicly traded company by market cap at $3.096 trillion, and Corning with its $36.16 billion market cap, should position Lumen for increased revenues and earnings for the foreseeable future. The partnership, announced in early August 2024, will result in Lumen more than doubling its total intercity network miles in order to unlock the next phases and capabilities of AI for cloud data centers (like Microsoft’s), enterprises and public agencies. According to the company’s press release, Lumen expects the deal with Microsoft to improve its cash flow by more than $20 million over the next 12 months. 2. Debt Restructuring: In March 2024, the company announced it had successfully extended its debt maturities, closing an approximately $1 billion revolving credit line maturing in June 2028 and completing the private placement of $1.325 billion due in November 2029. These efforts should free up funds and allow the company to address capital expenditures that will enable it to address the demands of the previously discussed strategic partnerships with Microsoft and Corning. 3. Insider Activity: While insider trading is never an absolute indication of growth, following the money can suggest what company executives’ sentiment is. And over the past 12 months, Lumen Technologies’ insiders have been doing far more buying than they have been selling. In fact, inside buyers have purchased a total of 12,924,936 million shares versus insider sellers offloading just 2,913,990. Put differently, the leadership at Lumen has out out-purchased sellers by more than 343% over the past year. Lumen Technologies (LUMN) Price Prediction in 2025 According to analysts, the current consensus median one-year price target for Lumen Technologies is $4.00, which represents more than 53.33% downside potential over the next 12 months given the current price per share of $8.57. Of 12 analysts covering LUMN, nine rate the stock as a ‘Hold,’ with the consensus rating being 3.15 on a scale from 1 (‘Strong Buy’) to 5 (‘Strong Sell’). By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -26.49%, based on an annualized EPS of -46 cents. Lumen Technologies (LUMN) Stock Forecast Through 2030 Year Revenue* EPS 2025 $12.407 -$0.46 cents 2026 $12.229 -$0.26 cents 2027 $12.369 $0.05 cents 2028 $12.473 $0.39 cents 2029 $12.862 $0.38 cents 2030 $13.070 $0.69 cents *Revenue in $billions How Lumen Technologies’ Next Five Years Could Play Out By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -37.80%, based on an annualized EPS of -46 cents. However, beginning in 2027 and continuing through 2030, we expect LUMN to post positive EPS growing from 5 cents to 59 cents based on revenue growth from $12.369 billion in 2027 to $13.070 billion in 2030. Lumen Technologies’ Price Target for 2030 By the conclusion of 2030, 24/7 Wall Street estimates that Lumen Technologies stock will be trading for $7.40 per share. Year Price Target 2025 $6.30 2026 $6.20 2027 $6.50 2028 $6.70 2029 $7.10 2030 $7.40 The #1 Thing to Do Before You Claim Social Security (Sponsor) Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation. A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes. Have questions about retirement or personal finance? Email us at Retire@247wallst.com! By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on 247wallst.com. By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties. The post Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
- 11/19/2024
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Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030
- After struggling for years, shares of Lumen Technologies (NYSE: LUMN) skyrocketed in 2024, more than doubling through the first three quarters of the year. But as the company continues operating with a negative price-to-earnings (P/E) ratio, there are lingering concerns about the tech company’s future prospects. Founded in 1968, Lumen Technologies has been around a long time, so it was a surprise to some that stock was recently at risk of being delisted from the New York Stock Exchange when in 2023, its price per share briefly dipped under $1.00 on Nov. 1, 2023. Those struggles continued into 2024, but by mid-summer, the stock surged when demand for its high-speed fiber-network solutions began to grow. The company recently secured deals with Microsoft Corporation (NASDAQ: MSFT) and other leading tech companies, like Corning Inc. (NYSE: GLW), that are requiring increased connectivity between their data centers because of the explosive growth of artificial intelligence (AI). But after posting positive earnings to end FY 2022 and and repeat that success in the first two quarters of 2023 — including a sizable beat on earnings per share (EPS) of 43 cents to analysts’ expectations of 23 cents in Q4 of 2022 — Lumen has gone on to post negative EPS in four of the following five quarters as the company’s revenues have fallen steadily over the same period. So 24/7 Wall Street performed analysis to determine if the company is fundamentally flawed, or if AI demand and strategic partnerships will be enough to see its stock continue on its bull run. Key Points in This Article: Lumen Technologies’ net income losses were enormous last year, but on a trailing 12-month basis, there is a different story emerging that could suggest a turnaround of the company’s income statement. The company’s P/E ratio has been in negative territory six out of the past seven years, but the shift towards auxiliary AI services may right the ship. If you’re looking for a mega trend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. This report breaks down AI stocks with 10x potential and will give you a huge leg up in profiting from this massive sea change. Lumen Technologies’ Recent Stock Success From July 1, 2024, to Sept. 30, 2024, shares of LUMN went on a tear. The stock, which was trading at just $1.11 at the start of the third quarter of 2024, surged 540% by the end of Q3. That was quite the reversal given how the stock has slid 86.49% since hitting its all-time high of $49.45 on June 1, 2007. But market drivers are far different today than they were then, and with the emphasis on AI development, Lumen Technologies’ stock is on a bounce back after falling -11.69% over the past five years: Year Share Price Revenue* Net Income* 2014 $39.70 $18.031 $0.851 2015 $25.87 $17.900 $0.795 2016 $24.12 $17.470 $0.744 2017 $16.99 $17.656 $0.356 2018 $14.90 $23.433 $0.964 2019 $13.42 $22.401 $5.157 2020 $9.75 $20.712 $1.351 2021 $12.55 $19.687 $2.019 2022 $5.22 $17.478 $1.713 2023 $1.83 $14.557 $7.334 *Revenue and net income in $billions Over the course of the last decade, Lumen’s revenue decreased by more than 19% while net income gained by over 761.81%. As the company battled through its dated infrastructure and a significant debt load — shares fell significantly from $39.70 in 2014 to $1.83 in 2023. However, Lumen has been able to better balance its books, with total assets and total liabilities nearly aligned in 2023 to the tune of $34.02 billion and $33.57 billion, respectively. As the 56-year-old tech company looks forward to the second half of the decade, 24/7 Wall Street has identified three key drivers that are likely to positively impact Lumen Technologies’ growth metrics and stock performance through 2030. Key Drivers of Lumen Technologies’ Stock Performance 1. Strategic Partnerships With Tech Giants: The aforementioned strategic partnerships with Microsoft, the second-largest publicly traded company by market cap at $3.096 trillion, and Corning with its $36.16 billion market cap, should position Lumen for increased revenues and earnings for the foreseeable future. The partnership, announced in early August 2024, will result in Lumen more than doubling its total intercity network miles in order to unlock the next phases and capabilities of AI for cloud data centers (like Microsoft’s), enterprises and public agencies. According to the company’s press release, Lumen expects the deal with Microsoft to improve its cash flow by more than $20 million over the next 12 months. 2. Debt Restructuring: In March 2024, the company announced it had successfully extended its debt maturities, closing an approximately $1 billion revolving credit line maturing in June 2028 and completing the private placement of $1.325 billion due in November 2029. These efforts should free up funds and allow the company to address capital expenditures that will enable it to address the demands of the previously discussed strategic partnerships with Microsoft and Corning. 3. Insider Activity: While insider trading is never an absolute indication of growth, following the money can suggest what company executives’ sentiment is. And over the past 12 months, Lumen Technologies’ insiders have been doing far more buying than they have been selling. In fact, inside buyers have purchased a total of 12,924,936 million shares versus insider sellers offloading just 2,913,990. Put differently, the leadership at Lumen has out out-purchased sellers by more than 343% over the past year. Lumen Technologies (LUMN) Price Prediction in 2025 According to analysts, the current consensus median one-year price target for Lumen Technologies is $4.00, which represents more than 60.51% downside potential over the next 12 months given the current price per share of $10.13. Of 12 analysts covering LUMN, nine rate the stock as a ‘Hold,’ with the consensus rating being 3.15 on a scale from 1 (‘Strong Buy’) to 5 (‘Strong Sell’). By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -37.80%, based on an annualized EPS of -46 cents. Lumen Technologies (LUMN) Stock Forecast Through 2030 Year Revenue* EPS 2025 $12.407 -$0.46 cents 2026 $12.229 -$0.26 cents 2027 $12.369 $0.05 cents 2028 $12.473 $0.39 cents 2029 $12.862 $0.38 cents 2030 $13.070 $0.69 cents *Revenue in $billions How Lumen Technologies’ Next Five Years Could Play Out By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -37.80%, based on an annualized EPS of -46 cents. However, beginning in 2027 and continuing through 2030, we expect LUMN to post positive EPS growing from 5 cents to 59 cents based on revenue growth from $12.369 billion in 2027 to $13.070 billion in 2030. Lumen Technologies’ Price Target for 2030 By the conclusion of 2030, 24/7 Wall Street estimates that Lumen Technologies stock will be trading for $7.40 per share. Year Price Target 2025 $6.30 2026 $6.20 2027 $6.50 2028 $6.70 2029 $7.10 2030 $7.40 The #1 Thing to Do Before You Claim Social Security (Sponsor) Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation. A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes. Have questions about retirement or personal finance? Email us at Retire@247wallst.com! By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on 247wallst.com. By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties. The post Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
- 11/12/2024
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Corning, maker of toughened Gorilla Glass for phones, faces EU antitrust probe
- On Wednesday, the European Union opened an investigation of U.S. manufacturer Corning over possible anti-competitive practices. Corning may not be a name that's super familiar to the average tech consumer, but you are almost certainly within touching distance of its products as its a leading supplier of speciality toughened glass for mobile devices, including Apple's iPhone.
- 11/06/2024
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Here's Why Corning (GLW) is a Strong Value Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 11/04/2024
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GLW or ANET: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Communication - Components sector might want to consider either Corning (GLW) or Arista Networks (ANET). But which of these two stocks is more attractive to value investors?
- 11/01/2024
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Corning's Comeback: From Forgotten Stock To AI Darling
- Corning Incorporated's price has rallied over the past year, since my last bullish take on the stock. GLW recently reported robust Q3 results, and is seeing strong momentum around AI and data center-fueled demand from leading telcos. Corning is also supported by a respectable dividend yield, a strong balance sheet, and it fits the profile of growth at a reasonable price.
- 11/01/2024
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Corning Q3: The Period Of Growth Is Finally Here
- Corning reported strong Q3 results, beating on top and bottom lines. 8% revenue growth, 20% income expansion in Q3 and a projected sales growth of 15% and income increase of 40% in Q4 mean Corning enters a period of substantial growth. GLW remains a solid long-term investment.
- 10/31/2024
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Corning (GLW) is a Top-Ranked Momentum Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 10/30/2024
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Corning Q3 2024 Earnings Review: EPS And Revenue Beat, Guidance Increased
- Corning's strong Q3 performance and bullish outlook suggest GLW stock may trade higher, attracting long-term investors. Corning's Optical Communications unit benefits from new optical-connectivity products for generative AI, with potential growth from agreements with AT&T and Lumen Technologies. Corning expects operating margins to top 20% by 2026, driven by strong gross margins, cash flow, and technical capabilities.
- 10/29/2024
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Why Corning Stock Is Surging Today
- Corning's recently published third-quarter results arrived with plenty for investors to be excited about.
- 10/29/2024
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Corning Q3 Earnings Beat on Solid Growth in Optical Communications
- GLW reports top-line growth year over year in the third quarter, owing to solid demand in the Enterprise end market.
- 10/29/2024
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Corning Incorporated (GLW) Q3 2024 Earnings Call Transcript
- Corning Incorporated (NYSE:GLW ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and Chief Executive Officer Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Matthew Niknam - Deutsche Bank Steven Fox - Fox Advisors LLC Wamsi Mohan - Bank of America John Roberts - Mizuho Asiya Merchant - Citi Meta Marshall - Morgan Stanley Martin Yang - Oppenheimer James Cannon - UBS George Notter - Jefferies LLC Tim Long - Barclays Operator Good day and thank you for standing by. Welcome to the Corning Incorporated Quarter Three 2024 Earnings Conference Call.
- 10/29/2024
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Corning (GLW) Reports Q3 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 10/29/2024
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Corning (GLW) Beats Q3 Earnings and Revenue Estimates
- Corning (GLW) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago.
- 10/29/2024
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Corning forecasts upbeat quarterly results on robust demand for optical fiber
- Gorilla Glass maker Corning fourth-quarter profit forecast beat estimates on Tuesday, as rising consumption of data over networks, including for generative AI model training, continues to increase demand for its optical fiber products.
- 10/29/2024
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Corning Reports Strong Third-Quarter 2024 Financial Results(1) Highlighting Key Milestones in ‘Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Achieve Operating Margin of 20%, by the End of 2026
- CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its third-quarter 2024 results and provided its outlook for fourth-quarter 2024. Wendell P. Weeks, chairman and chief executive officer, said, “We delivered another strong quarter of year-over-year growth. Third-quarter core sales grew 8% to $3.73 billion, and core EPS grew 20% – more than double the rate of sales – to $0.54, with core operating margin expanding 160 basis points to 18.3%. These results demonstrate.
- 10/29/2024
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 10/28/2024
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AT&T announces $1 bln fiber deal with Corning
- AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services.
- 10/28/2024
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AT&T and Corning Expand Collaboration with Multi-Year Purchase Agreement
- DALLAS & CORNING, N.Y.--(BUSINESS WIRE)--AT&T (NYSE: T) today announced a multi-year purchase agreement with Corning Incorporated (NYSE: GLW) to provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&T's fiber network and help bring high-speed internet to more Americans. AT&T, the largest fiber internet provider in the U.S.*, is expanding its network to bring world-class fiber to more people and places across the country. As Corning's largest.
- 10/28/2024
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Seeking Clues to Corning (GLW) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Corning (GLW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
- 10/24/2024
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Will Healthy Revenue Growth Improve Corning's Q3 Earnings?
- GLW is expected to witness a top-line expansion year over year in the third quarter of 2024, backed by solid demand trends in several end markets.
- 10/23/2024
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Corning (GLW) Earnings Expected to Grow: Should You Buy?
- Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/22/2024
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Why Corning (GLW) is a Top Value Stock for the Long-Term
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 10/18/2024
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Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 10/11/2024
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Corning (GLW) Breaks Out on Partnership News
- Oct 9th, 2024 - Corning Inc (GLW, Financial) stock technically made a classic breakout from the Cup with Handle pattern and invited traders to make some buzz with the stock today. The news powering the buzz is that Corning, a manufacturer of glass, ceramic and optical fibers for various industries, partnered with KD to deliver high speed connectivity for modern software-equipped vehicles.
- 10/09/2024
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Here's Why Corning (GLW) is a Strong Momentum Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 10/08/2024
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Preliminary Earnings Spotlight: Watching 3 Cyclicals Ahead Of The Q3 Reporting Season
- Preliminary earnings reports are typically released ahead of formal quarterly financials and allow companies to provide updated guidance. Dow, Nucor, and Corning, each exposed to the macroeconomy, issued preannouncements in September. AI, global demand, and supply chains are key variables as we head into year-end.
- 10/03/2024
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Why Corning (GLW) Could Beat Earnings Estimates Again
- Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/02/2024
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Will GLW Stock Benefit From EXTREME ULE Glass Launch?
- Corning launches a next-generation EXTREME ULE Glass for advanced chip manufacturing.
- 10/01/2024
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Preliminary Q3 Earnings Spotlight: Three Cyclical Stocks to Watch
- The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Earnings season is on the way.
- 10/01/2024
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Momentum Is Driving Corning Stock Higher
- Corning's EPS is expected to meet or exceed quarters going back to 2022. The stock has Momentum driven by strong results and positive guidance. Corning stock rates a speculative Buy, but the risks might make retail value investors skittish. Corning's leadership in material sciences and AI-driven advancements position it well for future growth, but R&D spending needs careful management and consistent growth.
- 09/20/2024
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Corning's stock rises as it sticks to Q3 profit view
- Maker of optical fiber and displays continues to expect Q3 profit of 50 cents to 54 cents a share.
- 09/19/2024
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Corning Provides Update on Key Milestones in ‘Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Shares Operating-Margin Target of 20% by End of 2026
- CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide significant updates to its “Springboard” plan to add more than $3 billion in annualized sales with strong incremental profit and cash flow in the next three years. Wendell P. Weeks, chairman and chief executive officer, said, “I'm very pleased with the progress we have made on our ‘Springboard' plan t.
- 09/19/2024
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Generative AI And Springboard Plan Drive Higher Corning Earnings
- Corning Incorporated is poised for mid-teens earnings growth due to its Springboard plan and generative AI optical connectivity products, making it a Buy. Corning has diverse revenue streams, ranging from Optical Communications to Life Sciences and Emerging Growth Businesses. Despite recent declines, Q2-2024 results show signs of recovery, driven by strong adoption of new optical connectivity products for generative AI.
- 09/17/2024
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Corning Energy Corporation Announces Retirement of CEO Michael German
- CORNING, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Corning Energy Corporation (formerly Corning Natural Gas Holding Corporation) announced today that Michael German, the company's CEO, will retire effective December 31, 2024, after 18 years with the company and 48 total years in the energy sector.
- 09/05/2024
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Corning Incorporated (GLW) Presents at Citi's 2024 Global TMT Conference Transcript
- Corning Incorporated (NYSE:GLW ) Citi's 2024 Global TMT Conference September 5, 2024 9:10 AM ET Company Participants Ed Schlesinger - EVP & CFO Conference Call Participants Asiya Merchant - Citi Asiya Merchant My name is Asiya Merchant. I cover the technology, hardware and tech supply chain here at Citi.
- 09/05/2024
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Here's Why Corning (GLW) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 09/04/2024
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Why Is Corning (GLW) Up 5.8% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 08/29/2024
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Corning (GLW) Stock Up 29% in Past Six Months: Reason to Buy?
- Corning (GLW) appears to be treading in the middle of the road, and investors could be better off if they trade with caution.
- 08/26/2024
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Corning Stock Rises After Mizuho Upgrade Highlighting Growth Driven by Data Centers
- Corning's (GLW) stock price rose Wednesday after an upgrade from Mizuho analysts, who said the recent pullback following last month's earnings report has created an "attractive entry point."
- 08/21/2024
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Corning's Pullback Provides an ‘Attractive Entry Point'
- Mizuho analyst John Roberts upgraded shares to Outperform from Neutral.
- 08/21/2024
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Corning: Rock-Solid Fundamentals Already Priced In
- Corning stock returned 35% to investors since January, outperforming the market. GLW's latest earnings report was robust, but the valuation appears overpriced. Corning's exposure to 5G, data centers, and clean energy markets is promising, but stock is overvalued and downgraded to "Hold".
- 08/16/2024
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3 Stocks to Buy on the Cheap Following the Market Selloff
- The recent market sell-off has felt rather painful. It's certainly been a while since we've witnessed stocks falling into an extended losing streak.
- 08/14/2024
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Corning: Bullish AI Catalysts From Partners Lumen And Google
- Corning stock has sold off ~15% from its recent high, but recent AI-related business developments indicate strong growth potential going forward. A big new fiber-optic supply agreement with Lumen Technologies is bullish and equates to 10% of Corning's global fiber capacity over each of the next two years. In another bullish catalyst, today, we learned that Google's entire new lineup of AI-powered Pixel 9 smartphones will use Corning's "Gorilla Glass Victus 2" displays.
- 08/14/2024
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The 3 Best Fiber Providers to Buy After Lumen's Huge Rally
- Amid the AI boom, data centers are sending and receiving so much data that they are embarking on “the largest expansion of the internet in our lifetime,” Lumen Technologies (NYSE: LUMN ) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing.
- 08/13/2024
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Lumen stock soars on AI demand, Microsoft and Corning deal, CEO discusses
- Shares of Lumen Technologies (LUMN) are soaring largely due to its partnership with Microsoft (MSFT), among other companies, which will use Lumen to expand and improve its data centers as AI demand continues to surge. Lumen Technologies CEO Kate Johnson joins Market Domination to the partnership and Lumen's AI initiatives.
- 08/08/2024
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Axion BioSystems Continues Agreement Giving Corning® Exclusive Rights to Distribute Award-Winning Cell Counting Device
- ATLANTA--(BUSINESS WIRE)-- #biotechnews--Axion BioSystems today announced an agreement with Corning Incorporated (NYSE: GLW) that continues Corning's exclusive worldwide distribution rights for the Corning® Cell Counter. The simple yet powerful device, developed by Axion BioSystems and distributed by Corning, was recently included in the SelectScience® top 10 list of remarkable products advancing life science research. The agreement extends the successful collaboration between Corning and Axion BioSystems to.
- 08/07/2024
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What's Next For Corning Stock After Downbeat Q3 Guidance?
- Corning (NYSE: GLW) recently reported its Q2 results, with revenues and earnings aligning with the street estimates. The company reported core revenue of 3.6 billion and adjusted earnings of $0.47 per share, driven by strong demand for its optical connectivity products for generative AI.
- 08/02/2024
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GLW vs. ANET: Which Stock Is the Better Value Option?
- Investors interested in Communication - Components stocks are likely familiar with Corning (GLW) and Arista Networks (ANET). But which of these two stocks offers value investors a better bang for their buck right now?
- 08/01/2024
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Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands
- Agreement reserves 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Agreement will more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies CORNING, N.Y. and DENVER , Aug. 1, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced an agreement with Corning Incorporated (NYSE: GLW) for a substantial supply of next-generation optical cable.
- 08/01/2024
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Why Corning Stock Dropped 11.9% Today
- Q2 earnings matched estimates on modest growth in enterprise sales. Fiber sales are up on the need for faster AI.
- 07/30/2024
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Corning Stock Sinks as Results, Q3 Outlook Underwhelm
- Shares of Corning (GLW), a beneficiary of the artificial intelligence (AI) boom, tumbled Tuesday after the specialty glass maker's second-quarter results and current-quarter guidance missed analysts' expectations.
- 07/30/2024
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Earnings Alert: PYPL, GLW, PG, PFE
- Corning (GLW) shares fall on weak guidance. PayPal (PYPL) is trading higher on a beat and raise second quarter.
- 07/30/2024
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Corning (GLW) Surpasses Q2 Earnings Estimate on Higher Revenues
- Corning (GLW) reports a top-line expansion year over year, backed by rising demand for optical connectivity products. Solid growth in free cash flow is a tailwind.
- 07/30/2024
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Compared to Estimates, Corning (GLW) Q2 Earnings: A Look at Key Metrics
- The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 07/30/2024
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Corning Incorporated (GLW) Q2 2024 Earnings Call Transcript
- Corning Incorporated (NYSE:GLW ) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Asiya Merchant - Citi Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors LLC Martin Yang - OpCo Ruplu Bhattacharya - Bank of America Securities Mehdi Hosseini - Susquehanna International Group James Cannon - UBS Meta Marshall - Morgan Stanley Tim Long - Barclays George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter Two 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.
- 07/30/2024
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Corning sees weak Q3 profit on slow demand for clean-air tech
- Specialty glass maker Corning forecast current-quarter profit largely below Wall Street estimates on Tuesday, blaming a slowdown in demand for its clean-air technologies, even as it saw robust sales for its optical fiber products.
- 07/30/2024
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Corning (GLW) Surpasses Q2 Earnings and Revenue Estimates
- Corning (GLW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.45 per share a year ago.
- 07/30/2024
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Corning Stock Drops After Earnings Beat. This Is Why.
- Corning reports adjusted second-quarter earnings of 47 cents a share on revenue of $3.6 billion.
- 07/30/2024
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Corning (GLW) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
- Get a deeper insight into the potential performance of Corning (GLW) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 07/29/2024
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 07/26/2024
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Final Trades: Corning, Truist Financial, Kinder Morgan and Honeywell
- The Investment Committee give you their top stocks to watch for the second half.
- 07/23/2024
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Will Modest Revenue Growth Improve Corning's (GLW) Q2 Earnings?
- Corning (GLW) is expected to report top-line growth year over year, backed by solid traction in several business segments.
- 07/23/2024
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Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2024
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3 Growth Stocks That Could Grow Your Wealth
- Despite the current rotation into value and small-cap securities, there's still a place for growth stocks. After all, these have traditionally been the best-performing stocks over the long run.
- 07/18/2024
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The Zacks Analyst Blog Arista Networks, Corning, PayPal, Paycom and Twilio
- Arista Networks, Corning, PayPal, Paycom and Twilio are included in this Analyst Blog.
- 07/18/2024
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5 Technology Stocks Poised to Beat Earnings Estimates in Q2
- Here, we have picked five tech stocks, Arista Networks (ANET), Corning (GLW), PayPal (PYPL), Paycom Software (PAYC) and Twilio (TWLO), which are likely to pull off earnings surprises in second-quarter 2024.
- 07/17/2024
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Has Corning (GLW) Outpaced Other Computer and Technology Stocks This Year?
- Here is how Corning (GLW) and American Superconductor (AMSC) have performed compared to their sector so far this year.
- 07/11/2024
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3 Underpriced Stocks Primed for a July Breakout
- Some thin trading activity could be ahead for the broader markets but don't count out the red-hot momentum plays, many of which could continue to inch closer to a breakout. Of course, July isn't exactly the most action-packed month for stocks, especially as many investors, traders and other market participants look to take some much-needed time off while it's hot.
- 07/11/2024
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1 Under-the-Radar Artificial Intelligence (AI) Stock Most Investors Might Be Overlooking
- Nvidia is the undisputed king of artificial intelligence (AI), but a growing number of companies are capturing value from the industry. Corning is a small technology company experiencing a surge in demand for its fiber optic solutions for the data center.
- 07/11/2024
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Corning: Why It Was The S&P 500's Top Performing Stock Last Week
- Corning's share price jumped 17.5% last week, the best performing stock in the S&P 500 in that time frame. Corning's boost in share price followed a lift in Q2 guidance, with strong growth projections and innovative products. Corning's technological advantage, strong balance sheet, and history of dividend growth make it a top watch list stock, despite being currently overvalued.
- 07/10/2024
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AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come
- Corning Incorporated NYSE: GLW is a $38 billion business specializing in glass and ceramic-related technology. Its products are used in everything from flat-screen TVs, smartphones, and sensitive sensors for drug research, which might not seem that exciting, but don't be put off.
- 07/10/2024
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Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 07/10/2024
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Watch These Corning Price Levels as Stock Rallies On Optimism About AI Demand
- Corning (GLW) shares have surged 16% in the past two trading sessions, hitting their highest level since May 2021, after the specialty glass maker boosted its current-quarter outlook due to increasing uptake of its optical connectivity products used in generative artificial intelligence (AI) applications.
- 07/10/2024
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Should You Pick Corning Stock After 40% Gains This Year Amid AI Boost?
- Corning stock (NYSE: GLW) saw a 10% rise over the last five days, faring better than its peer — General Electric stock – up 2%. The rise in GLW stock this week can primarily be attributed to the company's revision of its outlook for the Q2 2024 following an increased demand for its new optical connectivity products for generative artificial intelligence applications.
- 07/10/2024
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Corning: AI Sales Taking Shape
- Corning Incorporated released better Q2 estimates for sales and EPS, driven by strong adoption of new optical connectivity products for Generative AI. The company is set for a robust "Springboard" framework, expecting to add over $3 billion in annualized top-line sales over the next three years. Corning is addressing overhangs, and we decided to maintain our buy rating estimates.
- 07/09/2024
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Hot Stocks: 3 Sleeping Giants About to Dominate Their Sectors
- Some stocks fly under the radar of investors even as they quietly dominate the industry in which they operate. These stealth stocks rise to the top by developing competitive advantages.
- 07/09/2024
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What To Do After Corning Shares Rallied
- Corning's stock price surged above $40 after raising its second-quarter sales forecast by $200 million, driven by demand for AI solutions. Despite the stretched valuation, GLW stock scores a strong buy, with positive momentum and EPS revision. Growth catalysts include GenAI, optical connectivity products, TV screen display size growth, and GPF filters in automotive, with potential risks in valuation and shifts in market demand.
- 07/09/2024
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Corning (GLW) Raises Q2 Sales Forecast on Solid Demand
- Corning's (GLW) shares surge as it anticipates second-quarter core sales to surpass earlier expectations on healthy demand trends.
- 07/09/2024
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Corning (GLW) Stock Shimmers After Earnings. How Did It Become the Next AI Play?
- Material science firm Corning (NYSE: GLW ) stock jumped after it raised second-quarter guidance. The maker of fiber optic cabling is now considered an artificial intelligence (AI) play.
- 07/09/2024
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Corning (GLW) Moves 12.0% Higher: Will This Strength Last?
- Corning (GLW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
- 07/09/2024
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The Cat's Out Of The Bag: Corning Stock Is Up Nearly 20% Just Weeks After Josh Brown Flagged It As 'Low-Key, Misunderstood' AI Play
- Ritholtz Wealth Management's Josh Brown is already up nearly 20% on his Corning Incorporated GLW investment from last month. Although he's sitting on significant gains over a very short period of time, he's not selling as he continues to believe the stock is a misunderstood AI beneficiary.
- 07/08/2024
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Three AI Plays Led S&P 500 Stocks Monday
- Corning and Super Micro were the S&P 500 index's top performers on Monday, while Chipotle was the biggest loser.
- 07/08/2024
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Three-Stock Lunch: Intel, Corning and ServiceNow
- Malcolm Ethridge, CIC Wealth EVP, joins 'Power Lunch' to discuss stock plays for three stocks, including Intel, Corning and ServiceNow.
- 07/08/2024
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Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment
- Corning said it expects Q2 sales of $3.6 billion, up from previous guidance of $3.4 billion. Q2 earnings are also expected to mark a return to year-over-year growth.
- 07/08/2024
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Chart of the Day: Corning
- Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to talk about Corning as it tops the S&P today.
- 07/08/2024
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Final Trades: Citigroup, Corning and Elanco Animal Health
- The Investment Committee breaks down their final trades of the day.
- 07/08/2024
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Corning jumps as AI data centre demand boosts return return to growth
- Corning Inc (NYSE:GLW, ETR:GLW) climbed over 10% after the Gorilla Glass and optical fiber maker said that earnings and sales returned to growth in the last quarter, due to demand linked to the artificial intelligence trend. Management now expects $3.3 billion of second-quarter core sales, compared with previous guidance of $3.4 billion, with this outperformance primarily driven by strong adoption of new optical fibre connectivity products for generative AI.
- 07/08/2024
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Corning (GLW) Raises Guidance After Strong Gen A.I. Product Performance
- Corning (GLW) soars after raising its 2Q guidance. The company raises guidance after strong performance for new optical connectivity products for generative A.I.
- 07/08/2024
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Corning Stock Soars After Glass Maker Lifts Guidance on Generative AI Boost
- Shares of Corning (GLW) soared Monday when the specialty glass maker boosted its guidance, citing rising demand for its products used in generative artificial intelligence (AI) applications.
- 07/08/2024
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Corning raises second-quarter core sales forecast driven by AI boom
- Corning raised its second-quarter core sales forecast on Monday, driven by robust adoption of its new optical connectivity products for generative AI, sending the specialty glass maker's shares up more than 6% in premarket trading.
- 07/08/2024
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Corning CEO Wendell Weeks on raising Q2 guidance: See both cyclical and secular trends converging
- Corning CEO and chairman Wendell Weeks joins 'Squawk Box' to discuss the company raising its Q2 guidance, impact of AI, growth outlook, and more.
- 07/08/2024
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Corning Stock Pops on Raised Guidance Ahead of Earnings
- The speciality glassmaker is scheduled to file second-quarter earnings on July 30.
- 07/08/2024
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Corning's stock soars 7% after company raises Q2 guidance to reflect AI bump
- Corning Inc.'s stock GLW, +0.05% rose7% early Monday, after the specialty glass maker raised its second-quarter sales and profit guidance after a strong performance for its new optical connectivity products for Generative AI. The Corning, N.Y.
- 07/08/2024
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Corning Expects Second-Quarter Core Sales to Exceed Guidance, with Core EPS at the High End of or Slightly Above Guided Range
- CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated (NYSE: GLW) today provided an update on expectations for its second-quarter 2024 results. The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly above management's guided range of $0.42 to $0.46. Wendell Weeks, chairman and chief executive officer, said, “We expect second-quarter core sales to exceed our previous guidance and.
- 07/08/2024
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Stop Sleeping on These 3 Tech Stocks With Insane AI Potential
- Last Thursday, AI stocks were rocked. Market leader Nvidia (NASDAQ: NVDA ) shed more than 3.5% of its value in a day.
- 06/22/2024
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Calls of the Day: Corning, Accenture and Carmax
- The Investment Committee discuss the latest Calls of the Day.
- 06/18/2024
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AAPL Picking: 3 Stocks to Buy Because of Their Apple Partnerships
- Apple (NASDAQ: AAPL ) has been one of the most remarkable investment success stories in the tech world over the past couple of decades. Yet, despite its behemoth status, Apple's success is heavily reliant on a network of partners and suppliers.
- 06/18/2024
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Josh Brown: This 'Low-Key, Misunderstood' Stock Is Just 'Waiting To Be Discovered' As An AI Play
- Ritholtz Wealth Management's Josh Brown identified an under-the-radar stock that he believes will play an essential role in the AI, data center buildout story.
- 06/13/2024
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5 Stocks to Buy and Hold Forever
- This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.
- 06/13/2024
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3 Overlooked Stocks to Play an AI Phone Supercycle
- As generative artificial intelligence (AI) works its way into our laptops, tablets, smartphones, watches and even lapel pins, we may very well have the “killer” new feature to convince consumers to upgrade their hardware. Whether new, capable “IntelliPhones” spark a red-hot supercycle (or a lukewarm refresh cycle) remains a big question on the minds of investors, specifically those hanging onto shares of Apple (NASDAQ: AAPL ).
- 06/05/2024
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Corning: The Rally Is Just Getting Started
- Corning has been undervalued due to temporary headwinds and is climbing out of its trough. GLW is seeing increasing profitability and management is guiding for revenue growth over both the near and medium term. Growth catalysts include increased spending by telcos, EPA-driven demand for environmental technologies, and AI datacenter demand.
- 06/03/2024
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Final Trades: Corning, Apple, JPMorgan and the Russel 2000
- The Investment Committee give you their top stocks to watch for the second half.
- 05/30/2024
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Corning (GLW) Up 6.2% Since Last Earnings Report: Can It Continue?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 05/30/2024
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Jim Cramer Offers His Take On Corning, Calls This Healthcare Stock A 'Terrific Spec' - Corning (NYSE:GLW)
- On CNBC's “Mad Money Lightning Round,” Jim Cramer said Recursion Pharmaceuticals, Inc. RXRX is a “terrific spec” and he recommended buying the same.
- 05/23/2024
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Trade Tracker: Josh Brown buys Corning and SharkNinja
- Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to detail his latest buys.
- 05/21/2024
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Corning to Participate in J.P. Morgan 52nd Global Technology, Media and Communications Conference
- CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated (NYSE: GLW) today announced that Wendell P. Weeks, chairman and chief executive officer, will participate in a fireside chat at the J.P. Morgan 52nd Global Technology, Media and Communications Conference in Boston today. During the discussion, Weeks will review Corning's value-creation approach, which is centered on the company's focused and cohesive portfolio of capabilities. He will also outline Corning's framework to add more than $3 billi.
- 05/21/2024
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Avantax Advisory Services Inc. Acquires 11,449 Shares of Corning Incorporated (NYSE:GLW)
- Avantax Advisory Services Inc. grew its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 63.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,442 shares of the electronics maker’s stock after acquiring an additional 11,449 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Corning were worth $897,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company. Natixis Advisors L.P. raised its position in shares of Corning by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 101,322 shares of the electronics maker’s stock valued at $3,087,000 after buying an additional 5,616 shares in the last quarter. KMG Fiduciary Partners LLC bought a new stake in Corning during the fourth quarter worth $1,199,000. Socha Financial Group LLC boosted its holdings in shares of Corning by 8.8% in the 4th quarter. Socha Financial Group LLC now owns 343,624 shares of the electronics maker’s stock valued at $10,463,000 after purchasing an additional 27,772 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Corning by 24.2% in the 4th quarter. HB Wealth Management LLC now owns 9,871 shares of the electronics maker’s stock valued at $301,000 after purchasing an additional 1,926 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Corning by 59.8% during the 4th quarter. SG Americas Securities LLC now owns 108,358 shares of the electronics maker’s stock worth $3,300,000 after buying an additional 40,564 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds. Insider Activity at Corning In other Corning news, VP Martin J. Curran sold 16,416 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $33.70, for a total value of $553,219.20. Following the completion of the sale, the vice president now directly owns 65,598 shares in the company, valued at $2,210,652.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Martin J. Curran sold 16,416 shares of Corning stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.70, for a total transaction of $553,219.20. Following the completion of the transaction, the vice president now directly owns 65,598 shares in the company, valued at $2,210,652.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 29,978 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $33.05, for a total transaction of $990,772.90. Following the completion of the sale, the executive vice president now owns 31,294 shares in the company, valued at approximately $1,034,266.70. The disclosure for this sale can be found here. Insiders have sold 239,841 shares of company stock worth $7,971,257 in the last quarter. Company insiders own 0.45% of the company’s stock. Corning Price Performance Shares of NYSE GLW opened at $35.35 on Monday. The company has a market capitalization of $30.28 billion, a PE ratio of 49.79, a P/E/G ratio of 1.70 and a beta of 1.07. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.61. Corning Incorporated has a twelve month low of $25.26 and a twelve month high of $36.01. The firm has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $31.18. Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Corning had a return on equity of 12.31% and a net margin of 4.96%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Corning Incorporated will post 1.9 EPS for the current year. Corning Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.17%. Corning’s dividend payout ratio is currently 157.75%. Wall Street Analyst Weigh In A number of research analysts have issued reports on GLW shares. UBS Group lifted their target price on Corning from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Susquehanna restated a “positive” rating and set a $40.00 price objective on shares of Corning in a research report on Monday, April 1st. Barclays upped their price objective on Corning from $28.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Morgan Stanley reiterated an “overweight” rating and set a $35.00 target price on shares of Corning in a research report on Monday, April 22nd. Finally, Mizuho initiated coverage on shares of Corning in a report on Tuesday, May 7th. They set a “neutral” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Corning has a consensus rating of “Hold” and an average target price of $35.00. Check Out Our Latest Stock Analysis on Corning About Corning (Free Report) Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. See Also Five stocks we like better than Corning Why Special Dividends Can be a Delightful Surprise for Income Investors Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Why is the Ex-Dividend Date Significant to Investors? 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Warren Buffett’s Mystery Stock Was Just Revealed Want to see what other hedge funds are holding GLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corning Incorporated (NYSE:GLW – Free Report).
- 05/20/2024
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What's Next For Corning Stock After An Upbeat Q1?
- Corning Corning (NYSE: GLW) recently reported its Q1 results, with revenues and earnings exceeding our estimates. The company reported core revenue of 3.3 billion, down 3% y-o-y but above our $3.1 billion estimate.
- 05/06/2024
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Corning Announces Quarterly Dividend
- CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,.
- 05/02/2024
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Why Corning (GLW) is a Top Momentum Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 05/01/2024
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Corning Incorporated (GLW) Q1 2024 Earnings Call Transcript
- Corning Incorporated (NYSE:GLW ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Ann Nicholson - VP of IR Wendell Weeks - Chairman & CEO Ed Schlesinger - EVP & CFO Conference Call Participants Wamsi Mohan - Bank of America Meta Marshall - Morgan Stanley Martin Yang - Oppenheimer Samik Chatterjee - JPMorgan Tim Long - Barclays Asiya Merchant - Citi Joshua Spector - UBS Steven Fox - Fox Advisors George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter One 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.
- 04/30/2024
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Corning (GLW) Beats Q1 Earnings and Revenue Estimates
- Despite signs of recovery in several end markets, lower demand stemming from inventory corrections in the Optical Communications and Life Sciences vertical impedes Corning's (GLW) top line.
- 04/30/2024
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Corning (GLW) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
- Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/30/2024
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Corning Shares Jump On Solid Earnings and Upbeat Outlook
- The company sees better days ahead for some of its important end markets like optical fiber.
- 04/30/2024
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Corning forecasts second-quarter core sales above estimates on steady carrier spending
- Specialty glass maker Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, banking on price increases and healthy demand for its fiber optic cables amid recovery in spending from telecom clients.
- 04/30/2024
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Corning Reports First-Quarter 2024 Financial Results
- CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated (NYSE: GLW) today announced its first-quarter 2024 results and provided its outlook for second-quarter 2024. Wendell P. Weeks, chairman and chief executive officer, said, “Our first-quarter results were at the high end of our guidance. Importantly, we're seeing encouraging signs of improving market conditions. We continue to expect that the first quarter will be the low quarter for the year.” Weeks continued, “We are executing our plans to ad.
- 04/30/2024
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Is a Surprise Coming for Corning (GLW) This Earnings Season?
- Corning (GLW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/29/2024
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Corning (GLW) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
- Beyond analysts' top -and-bottom-line estimates for Corning (GLW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
- 04/29/2024
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Will Revenue Decline Dent Corning's (GLW) Q1 Earnings?
- Corning (GLW) is expected to report a top-line decline year over year in the first quarter of 2024 due to soft demand trends and inventory adjustments.
- 04/25/2024
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Corning (GLW) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
- Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/23/2024
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Why Corning (GLW) is a Top Value Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 04/17/2024
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Corning: Near-Term Weakness But Considerable Long-Term Opportunities
- Corning has grown modestly during the last decade (CAGR: +4%), underpinned by a wide moat and strong competitive advantages, limiting the scope for disruption through competition. The company is highly diversified, servicing a range of end users. Many of these are enjoying considerable tailwinds, including AI cloud adoption and the 5G rollout. We expect these tailwinds to push growth into the 5-10% region, alongside the delivery of margin improvement following a period of erosion.
- 04/15/2024
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3 Dividend-Paying Tech Stocks to Buy in March
- Tech stocks aren't usually dividend heroes, but some defy the trend. Diversification and strategic foresight have enabled Texas Instruments and Corning to weather market volatility.
- 03/16/2024
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Get Rich or Die Trading: 3 High-Stakes Stocks with Massive Potential
- There are some high-stakes stocks to buy for this year. I created this list of stocks for those with the highest risk tolerances As such, investing in this universe of stocks involves a large amount of speculation, as well as contending with risks of recovery and uncertainty.
- 03/06/2024
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Corning Incorporated (GLW) Morgan Stanley Technology, Media & Telecom Conference - (Transcript)
- Corning Incorporated (NYSE:GLW ) Morgan Stanley Technology, Media & Telecom Conference Call March 5, 2024 11:00 AM ET Company Participants Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Meta Marshall All right. Welcome, everybody.
- 03/05/2024
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How Corning Could Profit from Space Glass
- Fiber optics are slowly but surely replacing copper wire in the United States. Better fiber optics could vastly increase the speed and bandwidth of internet service.
- 03/01/2024
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Why Is Corning (GLW) Down 1.2% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 02/29/2024
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Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 02/23/2024
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3 Stock Downgrades That Analysts Are Going to Regret
- In an age of analytics, analyst reports are sort of like a baseball player's slash line. Knowing about stock upgrades and stock downgrades is an essential part of your research, but ultimately, they only tell you so much.
- 02/19/2024
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3 Hidden-Gem 5G Stocks Ready to Ride a Massive Market Wave
- Some hidden-gem 5G stocks are currently being overlooked by investors and are primed to surge in value this year. These stocks belong to companies that are either directly involved in developing and deploying 5G technology or are set to benefit significantly from its widespread adoption.
- 02/19/2024
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Corning Spikes on Bullish Outlook
- The company expects weaker performance in the 2024 first quarter, and then improvement from there.
- 01/30/2024
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Corning (GLW) Q4 Earnings Miss Estimates on Lower Revenues
- Corning (GLW) reports a top-line contraction year over year in the fourth quarter of 2023, owing to weak demand trends in several business segments and inventory corrections.
- 01/30/2024
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Corning Incorporated (GLW) Q4 2023 Earnings Call Transcript
- Corning Incorporated (GLW) Q4 2023 Earnings Call Transcript
- 01/30/2024
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Corning (GLW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 01/30/2024
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MoneyShow's Best Investment Ideas For 2024: Part 3
- MoneyShow presents top investment ideas for 2024 from their contributors. This year's edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income.
- 01/29/2024
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Top 7 Dividend Stocks for a Tax-Efficient Portfolio in 2024
- In the intricate tapestry of the stock market, savvy investors often latch on to the golden threads of tax-efficient dividend stocks, effectively weaving through the fabric of the January effect. While the January effect offers a glimpse into the short-term ebbs and flows of the market, the pursuit of tax-efficient dividend stocks stands as a beacon for those looking to maximize their returns.
- 01/29/2024
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6 Technology Stocks That Also Pay Investors Among the Highest Dividends
- A financial advisor can help you understand the advantages and disadvantages of investment properties.
- 01/26/2024
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Will Revenue Decline Impact Corning's (GLW) Q4 Earnings?
- Corning (GLW) is expected to report a top-line decline year over year in the fourth quarter of 2023, owing to weak demand in several business segment.
- 01/25/2024
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Ahead of Corning (GLW) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
- Evaluate the expected performance of Corning (GLW) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
- 01/25/2024
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Corning: Recent Weakness Provides Good Buying Opportunities
- Corning's stock has underperformed the market, but the company is still well-positioned to benefit from secular trends and has 20% upside potential. The company's Q3 earnings were weak due to macroeconomic weakness, but the balance sheet remains healthy and the stock offers an attractive dividend yield. Challenges for the top line are expected to continue in Q4, but the worst is likely behind the company and it has strong prospects in the fiber optic, clean energy, and specialty materials segments.
- 01/13/2024
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7 Tech Stocks To Buy Now With a Higher Dividend Yield Than the S&P 500
- We screened our 24/7 Wall St. technology research universe, looking for companies that are buy-rated on Wall Street and pay dividends higher than the S&P 500, which currently stands at 1.52%, a 15-year low.
- 12/17/2023
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6 Tech Stocks WIth Ultra-Yield Dividends to Buy in December
- Ten companies have made up 95% of the gains in the S&P 500, and nine of the ten heaviest-weighted stocks in the Nasdaq 100 have accounted for almost all the profits.
- 12/16/2023
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AUDC or GLW: Which Is the Better Value Stock Right Now?
- Investors with an interest in Communication - Components stocks have likely encountered both AudioCodes (AUDC) and Corning (GLW). But which of these two stocks presents investors with the better value opportunity right now?
- 12/15/2023
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Corning: Strike While The Glass Is Hot
- Corning is attractive with the stock trading well below its 52-week high and 15% below where it was 12 months ago. GLW is a global leader in materials science, with a diverse product portfolio and deep manufacturing expertise. Despite challenges in its optical communications segment, GLW is seeing encouraging growth in display technologies with improving profitability and management expects a turnaround next year.
- 12/06/2023
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Rediscovering Value: Top Picks For A Market On The Turn
- Undervalued Opportunities in Transition: We believe the stock market is currently ripe with undervalued opportunities, signaling a significant transition from high-flying growth stocks to more stable and reliable value stocks. Economic Shifts Favoring Value Stocks: The changing economic landscape, marked by rising interest rates and persistent inflation concerns, is driving investor sentiment toward the relative safety and stability of value. Value Investing's Rising Appeal: Amidst market volatility, value investing is gaining traction. Recent trends indicate that value funds are outperforming growth funds, marking a notable shift in investment strategies.
- 12/06/2023
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5G and Beyond: 3 Companies Innovating at the Edge of Connectivity
- The year 2023 was not great for telecom companies or their hardware providers. After heavy spending in 2021 and 2022, many firms dialed back investments this year.
- 12/05/2023
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3 Dividend-Paying Tech Stocks to Buy in December
- Some investors may not appreciate that IBM is a premier cloud dividend stock. Corning is an unexpected tech play that also happens to offer a high-paying dividend.
- 12/04/2023
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Two Great Stocks Selling at Bargain Prices
- Eric Fry's favorite low-priced stocks today
- 11/28/2023
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Corning Incorporated (GLW) Management Presents at UBS Global Technology Conference (Transcript)
- Corning Incorporated (NYSE:GLW ) UBS Global Technology Conference November 28, 2023 10:15 AM ET Company Participants Ann Nicholson - VP of IR Conference Call Participants Josh Spector - UBS Josh Spector All right, everyone. We're going to get started here.
- 11/28/2023
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Corning (GLW) Up 5.2% Since Last Earnings Report: Can It Continue?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 11/23/2023
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3 High-Yield Tech Stocks to Buy in November
- Texas Instruments is raising its payout as it invests to prepare for an upturn. Qualcomm is a leading AI stock that pays a healthy dividend.
- 11/22/2023
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AUDC or GLW: Which Is the Better Value Stock Right Now?
- Investors interested in Communication - Components stocks are likely familiar with AudioCodes (AUDC) and Corning (GLW). But which of these two stocks offers value investors a better bang for their buck right now?
- 11/13/2023
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What's Next For Corning Stock After A 13% Fall In A Month?
- Corning (NYSE: GLW) recently reported its Q3 results, with revenues and earnings falling below the street estimates.
- 10/31/2023
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Corning: Assessing Growth Prospects Amid Economic Uncertainties
- Corning Incorporated may face challenges in 2024 due to weaker optical sales and mixed demand in its display business. The anticipated recovery in the optical segment may be delayed as telecommunications customers reduce investments and work through excess inventory. The growing demand for data consumption is expected to sustain Corning's optical segment in the long term.
- 10/31/2023
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Corning (GLW) Q3 Earnings Miss Estimates on Lower Demand
- Corning (GLW) reports lower revenues year over year in the third quarter of 2023, owing to declining net sales in some business segments. Healthy demand in Display Technologies is a tailwind.
- 10/24/2023
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Corning (GLW) Lags Q3 Earnings and Revenue Estimates
- Corning (GLW) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.51 per share a year ago.
- 10/24/2023
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Will Top-Line Decline Dent Corning's (GLW) Q3 Earnings?
- Corning (GLW) is expected to record lower revenues year over year in the third quarter of 2023, owing to weak demand trends in some business verticals.
- 10/18/2023
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Analysts Estimate Corning (GLW) to Report a Decline in Earnings: What to Look Out for
- Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2023
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Q4 Stock Predictions: 7 5G Stocks Ready to Roar Into 2024
- As the rollout of 5G, or fifth-generation wireless internet continues, there are many types of 5G stocks you can buy for exposure to this advancement in wireless telecommunications technology. For scores of companies across many areas of the telecom and technology sectors, 5G represents a strong growth opportunity.
- 10/03/2023
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Corning: Glass Technologies Behind AI And Consumer Devices Will Drive Q3 2023
- Corning's Q2 2023 report showed diversified revenue streams and recent news suggests new opportunities for continued growth in Q3 2023. Optical communications and display technologies expected to drive changes in Q3 2023. Federal BEAD program for broadband access and data-intensive AI datacenter segment offer steady revenue and growth opportunities for Corning.
- 09/27/2023
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Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields - Corning (NYSE:GLW), Juniper Networks (NYSE:JNPR)
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 08/30/2023
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Corning: A Timeless Gem Poised For A Comeback
- Corning is a long-standing company with a diverse portfolio of products, including display technologies, optical communications, and specialty materials. The company has experienced a recent downturn in revenue and margins due to supply chain disruptions and cost inflation, but there are signs of improvement. Corning may benefit from the AI boom and expects growth in its optical communications, automotive exteriors, and solar business. The stock is attractively priced and offers an appealing dividend yield.
- 08/22/2023
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The 3 Most Undervalued 5G Stocks to Buy Now: August 2023
- Fifth-generation wireless (5G) is becoming the global standard for wireless networks. But the full rollout of 5G will take several years – and billions of dollars.
- 08/15/2023
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Corning (GLW) Q2 Earnings Match Estimates, Revenues Beat
- Despite management's efforts to improve profitability, Corning's (GLW) revenues fall year over year due to declining net sales in several verticals.
- 07/25/2023
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Corning (GLW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 07/25/2023
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Corning (GLW) Meets Q2 Earnings Estimates
- Corning (GLW) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.57 per share a year ago.
- 07/25/2023
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Will Revenue Contraction Hinder Corning's (GLW) Q2 Earnings?
- Corning (GLW) is likely to witness a top-line contraction year over year in second-quarter 2023, owing to sluggish demand trends and macroeconomic headwinds.
- 07/21/2023
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Pricing Actions To Aid Corning's Q2?
- Earnings will likely come in at about $0.48 per share, marginally beating the consensus estimate of $0.46.
- 07/19/2023
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Corning (GLW) Launches Viridian Vials for Sustainable Future
- Corning's (GLW) Viridian Vials is likely to revolutionize pharmaceutical glass-packaging with significant environmental benefits while meeting the industry's growing demand for efficient production.
- 07/14/2023
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Corning Incorporated: Decent Entry Point For The Long-Term Oriented Investor
- Corning Incorporated is predicted to continue generating revenue from its Optical Communications segment due to the US government's commitment to expanding rural broadband. The company's Display Technologies segment also holds potential for revenue growth, particularly in the mobile phone and automotive industries. Despite a healthy working capital ratio and interest coverage ratio, Corning's financials are considered underwhelming, with improvements desired in the upcoming quarters. The company's intrinsic value is estimated at $34.64 a share.
- 07/12/2023
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4 Dividend-Paying Stocks to Watch Amid Market Uncertainties
- Here we have shortlisted four dividend-paying tech stocks - AVGO, AVT, TXN and GLW - that may help investors curb the downside risk of the current high-market-volatility environment.
- 07/07/2023
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Dividend Stocks: Precision Glass Maker Corning Offers Steady Dividend Growth. But What About China?
- Display technologies account for 23% of revenue, with dividend stock Corning best known for its Gorilla Glass frequently used in smartphones.
- 07/05/2023
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Corning: More Measures To Expect Based On Its Management Framework
- Declining free cash flow co-exists with improved margin from management's actions. Measures to cushion lower net sales' impact have been taken, and are expected to continue. Historical data suggested its lower cash flow could be bottoming out.
- 06/21/2023
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Corning (GLW) Surges 5.9%: Is This an Indication of Further Gains?
- Corning (GLW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 06/19/2023
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Markets Ended the Day Lower, but Up for the Week on Inflation, Fed Optimism
- Markets closed lower for the day, higher for the week on lower inflation, expectations the Fed may be pause or halt interest rate hikes.
- 06/16/2023
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Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields - Adtran (NASDAQ:ADTN), Corning (NYSE:GLW)
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 06/12/2023
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Markets End the Week in the Green in Anticipation the Fed Will Pause Rate Hikes
- Markets posted a winning day on Friday, June 9, 2023, to top off a winning week on optimism the Fed may pause its interest rate hike cycle next week.
- 06/09/2023
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Corning Stock Rallies After Upgrade. What's Behind the Brighter Outlook.
- Morgan Stanley turned bullish on the specialty glass maker, as it anticipates better times ahead.
- 06/09/2023
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Corning (GLW) Expands Vial Manufacturing With New India Unit
- SGD Pharma is the latest to join a growing network of leading pharma manufacturers adopting Corning's (GLW) cutting-edge coating technology.
- 06/09/2023
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Why Corning Stock Is A Strong Buy
- Corning stock offers a solid 3.5% dividend yield and above 20% upside potential, outweighing headwinds and risks. The company is expected to see sequential revenue growth in the upcoming earnings, marking a positive pivot. Risks to consider include technological risks, supply-chain risks, foreign exchange risks, and geopolitical risks.
- 06/08/2023
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Corning Incorporated (GLW) Presents at Bernstein's 39th Annual Strategic Decisions Brokers Conference 2023 (Transcript)
- Corning Incorporated (NYSE:GLW ) Bernstein's 39th Annual Strategic Decisions Conference 2023 May 31, 2023 3:30 PM ET Company Participants Wendell Weeks - Chairman, Chief Executive Officer Jeff Evenson - Executive Vice President, Chief Strategy Officer Conference Call Participants Laurent Yoon - Bernstein Laurent Yoon We'll get this started. Thank you everybody for making the time to come to the Fireside Chat with Corning.
- 05/31/2023
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Will Corning Stock Rebound To Its 2021 Highs Of $45?
- Returning to the pre-inflation shock level means that Corning stock will have to gain more than 45% from here.
- 05/31/2023
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Corning (GLW) Hikes Display Glass Prices to Offset Higher Cost
- Despite the price increase, Corning (GLW) expects demand for glass products to pick up in the second half of the year, driven by the continued recovery of the display industry.
- 05/24/2023
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7 5G Stocks to Buy for Blazing-Fast Growth
- Fifth-generation (5G) wireless technology is igniting a digital renaissance worldwide. The sector is brimming with contenders that could potentially become juggernauts in the space.
- 05/22/2023
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3 Dividend-Paying Tech Stocks to Buy in May
- An incoming Dividend King at a fair price. A high-yield telecom giant.
- 05/19/2023
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7 Blue-Chip Stocks to Buy at an All-Time Low in May
- Now is an excellent time to research the top blue-chip stocks to buy for the long haul. It's safe to say that investors are stuck in a market that shows little conviction.
- 05/08/2023
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China-Exposed Stocks Have Rallied, but Bargains Still Exist, Says Analyst
- Jefferies analyst Desh Peramunetilleke says cheap stocks set to benefit from China's rebound include Keysight, Qualcomm, Agilent, Danaher, and Corning.
- 05/02/2023
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My Top 10 High Yield Dividend Stocks For May 2023
- I present my top 10 High Yield dividend stocks that are poised to offer strong future returns. The annualized rate of return for this watchlist is 14.50% over the past 30 months.
- 05/01/2023
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Corning: I'm Buying The Drop
- Corning: I'm Buying The Drop.
- 04/27/2023
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Corning (GLW) Beats on Q1 Earnings Despite Lower Revenues
- Corning (GLW) reported lower revenues year over year in the first quarter 2023 due to low demand in multiple key markets and weakness in China.
- 04/25/2023
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Corning (GLW) Q1 Earnings and Revenues Beat Estimates
- Corning (GLW) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.54 per share a year ago.
- 04/25/2023
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The 7 Best 5G Stocks to Buy for the Next Decade
- As we march forward toward a hyperconnected future, the importance of 5G stocks is becoming increasingly evident. 5G, the fifth generation of cellular network technology, will likely revolutionize communication, offering stronger speeds, more reliable connections, and a myriad of opportunities for innovation.
- 04/24/2023
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Is a Surprise Coming for Corning (GLW) This Earnings Season?
- Corning (GLW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/24/2023
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5 U.S. Corporate Bigwigs Set to Beat on Q1 Earnings Next Week
- We have narrowed our search to five U.S. corporate bigwigs that are set to report first-quarter 2023 earnings results next week. These are: GE, KMB, GLW, RTX and ALGN.
- 04/21/2023
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Corning (GLW) Expected to Beat Earnings Estimates: Should You Buy?
- Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/18/2023
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Will Lower Software Revenues Dent IBM's Earnings in Q1?
- IBM is likely to have recorded lower revenues from the Software segment in first-quarter 2023 due to the challenging macroeconomic environment.
- 04/18/2023
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Can Healthy Consulting Revenues Buoy IBM's Q1 Earnings?
- IBM is likely to have recorded healthy revenues from the Consulting segment in first-quarter 2023 with significant traction from the Technology Consulting business.
- 04/18/2023
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High-Growth, High-Yield Value Stocks Nearing Trigger Points
- A screen looking for growth in high-yielding dividend stocks turned up 3 interesting names. These blue-chip stocks trade for less than 20X their earnings outlook, have at least a 5% expected earnings CAGR for the next 2 years and pay more than 3.0%.
- 04/05/2023
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My Dividend Growth Income - March 2023 Update
- Dividends received in March totaled $644.63, a new personal record. Forward dividend income grew by $130, translating to M/M growth of 2.27%.
- 04/05/2023
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My Top 10 High Yield Dividend Stocks For April 2023
- I present my top 10 High Yield dividend stocks that are poised to offer strong future returns. The annualized rate of return for this watchlist is 14.14% over the past 29 months.
- 04/03/2023
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Confounded's Complete All-Weather Portfolio Revealed
- Most readers follow my work for the extensive writing I have done referencing my aggressive growth portfolio. However, the vast majority of my net worth is held in my all-weather portfolio. In this article, I would like to draw back the curtain on my main, all-weather portfolio, where roughly 80% of my assets reside.
- 04/01/2023
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Corning (GLW) Sets Up Manufacturing Campus in North Carolina
- Corning (GLW) launched an optical cable manufacturing hub to enhance network operators' capabilities and ensure high-speed fiber broadband connectivity to under served communities.
- 03/30/2023
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3 Dividend Contenders to Buy Now for Long-Term Gains Later
- Dividend contenders are a group of companies that have increased the dividend they pay to shareholders for at least 10 years up to 24 years. There are currently over 360 such companies.
- 03/22/2023
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3 Dividend-Paying Tech Stocks to Buy in March
- One company has decades of networking dominance. This leading semiconductor stock stuffs cash into shareholder pockets.
- 03/22/2023
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Corning: Time To Increase Your Position
- Recovery is pushed to the 2023 second half; however, the long-term opportunities remain intact. Panel price increases will support Corning's profitability.
- 03/08/2023
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Corning (GLW) Unveils Easily Deployable Data Center Solution
- Corning (GLW) launched the New EDGE Distribution System to expedite and simplify server cabling installation and enhance the data center's capability to process larger information flow.
- 03/06/2023
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My Dividend Growth Income - February 2023 Update
- Dividends received in February totaled $244.23. Forward dividend income grew by $71.65, translating to M/M growth of 1.27%.
- 03/03/2023
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My Top 10 High Yield Dividend Stocks For March 2023
- I present my top 10 High Yield dividend stocks that are poised to offer strong future returns. The annualized rate of return for this watchlist is 14.43% over the past 28 months.
- 03/01/2023
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24 Upcoming Dividend Increases
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.5% and a median increase of 6.5%.
- 02/23/2023
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Walmart, Home Depot Among 15 Companies To Announce Dividend Increases In Second Half Of February
- When it comes to annual dividend increases, February is the highlight of the year. There were at least 27 dividend boosts that were announced from a wide variety of companies. Widely held companies 3M, PepsiCo, and Coca-Cola all boosted their dividends in the first half of the month, with Pepsi announcing a 10% increase.
- 02/19/2023
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5 Stocks In The Dividend Growth Sweet Spot
- Finding companies with a high initial yield and rapid dividend growth is difficult. I present my criteria for finding such companies. At present, there are 16 companies meeting my initial screening requirements. Using additional metrics, these are reduced to five.
- 02/15/2023
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Analyzing My Market-Beating DGI Portfolio: I Must Be Doing Something REIT
- I perform a deep dive analysis of my dividend growth income portfolio for which I currently provide monthly income updates. In the past 12 months, this portfolio has beaten the S&P 500 by a noticeable margin.
- 02/11/2023
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Corning (GLW) Rewards Shareholders With Modest Dividend Hike
- A steady dividend payout with periodic increase is part of Corning's (GLW) long-term strategy to provide attractive risk-adjusted returns to its stockholders.
- 02/09/2023
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My Dividend Growth Income - January 2023 Update
- Dividends received in January totaled $451. Forward dividend income grew by $1,171, translating to M/M growth of 26.08%.
- 02/08/2023
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Corning (GLW) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Corning (GLW) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/31/2023
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Corning (GLW) Beats on Q4 Earnings Despite Lower Revenues
- A challenging macroeconomic environment leads Corning (GLW) to record lower revenues year over year in fourth-quarter 2022.
- 01/31/2023
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Corning (GLW) Q4 Earnings and Revenues Top Estimates
- Corning (GLW) delivered earnings and revenue surprises of 6.82% and 2.27%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2023
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Corning stock drops as its Q1 guidance disappoints
- Corning Inc. GLW, -1.11% stock fell 2.5% in premarket trades Tuesday after the glass maker said it would fall short of Wall Street expectations for first-quarter revenue and profit. Corning said it expects first-quarter revenue of $3.2 billion to $3.4 billion, below the analyst estimate of $3.55 billion, according to estimates compiled by FactSet.
- 01/31/2023
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3 Dividend Kings Among 22 Companies To Announce Annual Dividend Increases In First Half Of February
- There is a slew of dividend increases coming in February, including from dividend kings Genuine Parts, 3M, and PepsiCo in the first half of the month. Other popular stocks that traditionally announce annual increases in early February are Sherwin-Williams and Cisco.
- 01/29/2023
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Carter Worth on the one tech stock to watch next week that's not Big Tech
- Carter Worth, Worth Charting, joins CNBC"s "Fast Money" to discuss the tech earnings on tap for next week.
- 01/27/2023
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Corning: Now Is A Buy
- We are raising Corning's top-line sales forecast for 2023-2024. This is a macro call supported by: 1) the US and Chinese Government stimulus packages and 2) China's reopening.
- 01/27/2023
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Corning Stock Likely To Trade Sideways Post Q4
- Looking back at Q3 2022, Corning's revenues declined 4% y-o-y to $3.5 billion, primarily due to a 22% fall in Display Technologies segment sales.
- 01/26/2023
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Will Corning's (GLW) Top-Line Contraction Impact Q4 Earnings?
- Corning (GLW) is scheduled to report fourth-quarter 2022 earnings on Jan 31. Despite investment in innovation, macroeconomic factors are likely to impact the company?
- 01/25/2023
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Final Trades: Nextera, Corning & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 01/17/2023
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Corning: Fair-Valued With Consistent Strategy Paying Off
- Corning's strategic framework, put in place in 2015, has been consistently guiding the company's financial management. Its leading position in technological innovation will continue to make it indispensable even if a recession hits, while the fundamental research it does makes its products applicable in many more industries.
- 01/11/2023
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My Dividend Growth Income - Year End Summary
- In 2022, I shifted my investment strategy to focusing on dividend growth income investing and started this article series in August '22. Dedicating myself to create monthly articles to track the progress of my investments has improved my performance and sharpened my researching abilities.
- 01/10/2023
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Is Corning Stock A Better Pick Over This Sector Peer?
- This valuation gap can be attributed to Cisco's superior profitability and lower financial risk, as discussed below Looking at stock returns, GLW, with -14% returns this year, has fared better than CSCO stock, down 25%, and the broader S&P500 index, down 19% over this period.
- 12/23/2022
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Corning: Currently Overvalued Considering The Risk
- Leading materials company that is able to utilize synergies across its market segments to have a competitive edge in their markets. The large outflow of capital over the past two years from insiders doesn't display confidence.
- 12/16/2022
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Corning Incorporated (GLW) Barclays 2022 Global Technology, Media and Telecommunications Conference - (Transcript)
- Corning Incorporated (NYSE:GLW ) Barclays 2022 Global Technology, Media and Telecommunications Conference December 8, 2022 12:50 PM ET Company Participants Edward Schlesinger - EVP and Chief Financial Officer Conference Call Participants Timothy Long - Barclays Timothy Long Tim Long here, Barclays IT hardware, comm equipment analyst. Happy to have Corning with us.
- 12/08/2022
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Our 7 Top 5G Stock Picks for 2023
- It feels like 5G technology has been around forever, but it's really only started to emerge in the last two years. The Covid-19 pandemic actually slowed its progress.
- 12/07/2022
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Corning: Why I'm Adding At These Levels
- Corning is a global leader in display technologies and optical fiber. It pays a well-covered and respectable yield with strong historical dividend growth.
- 12/04/2022
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Corning Incorporated (GLW) Management Presents at Credit Suisse 26th Annual Technology Conference (Transcript)
- Corning Incorporated (NYSE:GLW ) Credit Suisse 26th Annual Technology Conference November 29, 2022 10:15 AM ET Company Participants Jeffrey Evenson - Executive Vice President & Chief Strategy Officer Conference Call Participants Shannon Cross - Credit Suisse Shannon Cross Okay, great. So hi, everyone.
- 11/29/2022
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Up 9% In A Month, Will Corning Stock See Higher Levels?
- Going by historical performance, there is a slightly higher chance of an increase in GLW stock over the next month.
- 11/09/2022
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Why Corning Remains A High-Quality Bargain
- Corning has a bright future ahead as investments in optical communications are set to accelerate. However, its stock price is depressed due to short-term worries over display technologies and the automotive segment.
- 10/31/2022
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Corning, Inc. (GLW) Q3 2022 Earnings Call Transcript
- Corning, Inc. (NYSE:GLW ) Q3 2022 Earnings Conference Call October 25, 2022 8:30 AM ET Company Participants Ann Nicholson - VP, IR Wendell Weeks - Chairman & CEO Edward Schlesinger - EVP & CFO Conference Call Participants Mehdi Hosseini - Susquehanna Steven Fox - Fox Advisors Martin Yang - Oppenheimer Wamsi Mohan - Bank of America Merrill Lynch Tim Long - Barclays Bank Joshua Spector - UBS Shannon Cross - Crédit Suisse Samik Chatterjee - JPMorgan Chase & Co. Matthew Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Operator Welcome to the Corning Inc. Third Quarter 2022 Earnings Call. [Operator Instructions].
- 10/25/2022
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Corning (GLW) Q3 Earnings In Sync Despite Lower Revenues
- Despite lower sales in Display Technologies and Specialty Materials segments, Corning's (GLW) third-quarter 2022 earnings match the consensus estimates.
- 10/25/2022
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Apple glass supplier Corning warns smartphone sales down 14%
- The consumer electronics slowdown doesn't seem to be getting better this year.
- 10/25/2022
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Corning (GLW) Meets Q3 Earnings Estimates
- Corning (GLW) delivered earnings and revenue surprises of 0% and 0.02%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/25/2022
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Corning stock falls after earnings outlook comes up short
- Shares of Corning Inc. GLW, +0.43% were off more than 5% in premarket trading Tuesday after the manufacturer of glass products delivered a lower-than-expected outlook for the current period as it waits to forecast a significant recovery in demand for glass. The company recorded third-quarter net income of $208 million, or 24 cents a share, down from $371 million, or 43 cents a share, in the year-before period.
- 10/25/2022
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Will Higher Revenues Benefit Corning (GLW) Q3 Earnings?
- Corning (GLW) is expected to have recorded year-over-year higher revenues driven by healthy sales of fiber-optic solutions.
- 10/24/2022
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More Growth From Corning After Q3?
- Corning (NYSE: GLW) is scheduled to report its Q3 2022 results on Tuesday, October 25.
- 10/20/2022
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7 Tech Stocks That Are Too Cheap to Ignore
- With the ugliness in the equities sector, astute investors may want to shift their focus to cheap tech stocks. Granted, among the major indices, the technology-centric Nasdaq Composite suffered the most thus far.
- 10/06/2022
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Corning: I'm Picking Up This A-Quality Gem On The Cheap
- Corning is now trading at a very attractive valuation. It has a strong track record of innovation and is set to benefit from tailwinds in the optical fiber segment.
- 09/26/2022
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Corning: This Is Getting Ridiculous
- Corning is a much bigger company than it was five years ago, and has some business segments like optical communications with very positive outlooks. Despite this, shares are trading in the low $30s, the same price they were at almost five years ago.
- 09/19/2022
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Corning Incorporated (GLW) Management Presents at 2022 Goldman Sachs Communacopia + Technology Conference (Transcript)
- Corning Incorporated (NYSE:GLW ) 2022 Goldman Sachs Communacopia + Technology Conference September 13, 2022 2:30 PM ET Company Participants Rod Hall - Goldman Sachs Conference Call Participants Jeff Evenson - EVP & Chief Strategy Officer Rod Hall Hello everyone. Welcome. I think we're going to get going here.
- 09/13/2022
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Corning (GLW) Boosts Fiber Output in EU With Poland Facility
- The new facility will augment Corning's (GLW) optical cable and connectivity components production in Poland while strengthening its two-decade-old manufacturing operations in the country.
- 09/09/2022
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Democrats tout big business investments to bolster their economic case ahead of midterms
- Shaking hands with CEOs could help counter Biden's low approval ratings on the economy ahead of the 2022 midterm elections.
- 09/08/2022
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Corning Incorporated (GLW) Citi's 2022 Global Technology Conference Transcript
- Corning Incorporated (NYSE:GLW ) Citi's 2022 Global Technology Conference Call September 8, 2022 10:30 AM ET Company Participants Ed Schlesinger - Executive Vice President and Chief Financial Officer Ann Nicholson - Investor Relations Conference Call Participants Asiya Merchant - Citi Asiya Merchant Alright. Good morning, everyone.
- 09/08/2022
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Corning (GLW) to Boost Fiber Production With Arizona Facility
- The new facility is likely to be operational in 2024 and will enable Corning (GLW) to serve the rising demand for broadband solutions in the western part of the country and Canada.
- 08/31/2022
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Corning to build new Arizona optical cable factory ahead of U.S. broadband push
- Corning Inc announced plans on Tuesday to build a new optical cable manufacturing plant in Arizona as the U.S. government moves to award $42 billion to expand broadband to millions of unserved Americans.
- 08/30/2022
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Corning: Value? Look No Further
- In each of its segments, Corning is an industry leader. For example, when looking at the specialty materials segment, almost any flagship phone uses Corning's Gorilla Glass panel. Corning is the largest worldwide manufacturer of fiber-optic cables. A market expected to grow beyond 10% CAGR until 2030.
- 08/01/2022
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Corning CEO Wendell Weeks on supply headwinds, labor shortages and company outlook
- Wendell Weeks, Corning CEO, joins 'The Exchange' to discuss company earnings and outlook and on fiber optic headwinds.
- 07/29/2022
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Corning Incorporated's (GLW) CEO Wendell Weeks on Q2 2022 Results - Earnings Call Transcript
- Corning Incorporated (NYSE:GLW ) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Ann Nicholson – Vice President-Investor Relations Wendell Weeks – Chairman and Chief Executive Officer Ed Schlesinger – Executive Vice President and Chief Financial Officer Jeff Evenson – Executive Vice President and Chief Strategy Officer Conference Call Participants Steven Fox – Fox Advisors Wamsi Mohan – Bank of America Samik Chatterjee – JPMorgan Rod Hall – Goldman Sachs Josh Spector – UBS Mehdi Hosseini – SIG Martin Yang – Oppenheimer Matt Niknam – Deutsche Bank Asiya Merchant – Citi Timothy Long – Barclays Meta Marshall – Morgan Stanley Operator Welcome to the Corning Incorporated Quarter Two 2022 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.
- 07/26/2022
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Buy Corning For 3% In Dividend Income And Growth
- Corning posted strong performance from its optical and solar materials segments. GLW stock trades at an inexpensive forward price-to-earnings ratio.
- 07/26/2022
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Corning (GLW) Beats Q2 Earnings Estimates, Misses on Revenues
- Despite year-over-year improvement, Corning (GLW) misses revenue estimates in the second quarter owing to the challenging macroeconomic environment.
- 07/26/2022
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Corning (GLW) Q2 Earnings Beat Estimates
- Corning (GLW) delivered earnings and revenue surprises of 1.79% and 0.45%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/26/2022
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Can Solid Revenue Growth Buoy Corning (GLW) Q2 Earnings?
- Corning (GLW) is likely to have recorded healthy revenue growth in second-quarter 2022 driven by solid demand trends across most business segments.
- 07/20/2022
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Corning (GLW) Earnings Expected to Grow: Should You Buy?
- Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/19/2022
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Swipe Triple-Digit Gains as Tech Stocks Soar 50%-Plus in 2023
- The Nasdaq's two best years of the century followed immediately after its two worst. Tech stocks suffered this year, so they'll rally in 2023.
- 07/02/2022
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Corning: A Sleeper Gem To Own For The Next 10+ Years
- Corning is a market leader in the fiber optics industry with a competitive moat. The company has strong growth prospects, and trades at a reasonable valuation.
- 06/25/2022
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3 Dividend-Paying Tech Stocks to Buy in June
- Don't dismiss some names as potential income investments just because they seem like they're in the "wrong sector."
- 06/17/2022
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Is Corning Stock A Buy, Sell, Or Hold At $32?
- The YTD -14% return for GLW compares with -22% returns for the broader S&P500 index, which has seen lower levels due to rising inflation, higher interest rates, and their potential impact on economic growth.
- 06/16/2022
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7 Value Stocks Everyone Is Ignoring but Shouldn't
- Value stocks are in right now, but somehow these shares continue to get the cold shoulder. Ignore them at the expense of future returns.
- 06/16/2022
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Call Traders Flock Toward Underperforming Tech Giant
- Corning Incorporated (NYSE:GLW) is an American technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications.
- 06/14/2022
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Corning Incorporated (GLW) CEO Wendell Weeks Presents at Bernstein 38th Annual Strategic Decisions Conference
- Corning Incorporated (NYSE:GLW ) Bernstein 38th Annual Strategic Decisions Conference June 2, 2022 10:00 AM ET Company Participants Wendell Weeks - Chairman and Chief Executive Officer Jeffrey Evenson - Executive Vice President and Chief Strategy Officer Conference Call Participants Stacy Rasgon - Bernstein Stacy Rasgon I think we'll get started. Good morning, everyone.
- 06/02/2022
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Corning (GLW) is a Top-Ranked Value Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 06/01/2022
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Why Is Corning (GLW) Down 6.6% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 05/26/2022
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Corning Incorporated (GLW) J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference (Transcript)
- Corning Incorporated (NYSE:GLW ) J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference May 24, 2022 8:50 AM ET Company Participants Edward Schlesinger - CFO Conference Call Participants Samik Chatterjee - JPMorgan Samik Chatterjee Good morning, everyone.
- 05/24/2022
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Corning Gets Another Downgrade On Worries Over Slowing PC and TV Demand
- Display glass supplier Corning is getting downgraded on concerns that soccer's World Cup may not lead to a strong pickup in TV sales later this year.
- 05/23/2022
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Corning Stock is a Technology Value Play
- Glass and optical technology products producer Corning (NYSE: GLW) stock has been very resilient as it is only down (-1%) versus down (-23%) for the Nasdaq 100 index.
- 05/12/2022
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Corning: Hemlock Semiconductor, A Hidden Gem For Shareholders Now Ready To Produce
- Corning is a long held favorite of mine given the innovation and leadership in growing secular trends. Hemlock Semiconductor is an 80% owned subsidiary of Corning and produces domestically made, high quality polysilicon used in semiconductors and solar panels.
- 05/09/2022
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Here's Why Corning (GLW) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 04/29/2022
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Corning (GLW) Beats on Q1 Earnings, Raises 2022 Sales View
- Corning's (GLW) first-quarter 2022 results benefit from strong growth in Optical Communications, Display Technologies and Hemlock's solar materials.
- 04/26/2022
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Corning Incorporated (GLW) CEO Wendell Weeks on Q1 2022 Results - Earnings Call Transcript
- Corning Incorporated (NYSE:GLW ) Q1 2022 Earnings Conference Call April 26, 2022 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and CEO Edward Schlesinger - EVP & CFO Conference Call Participants Rod Hall - Goldman Sachs Mehdi Hosseini - Susquehanna International Group, LLP Asiya Merchant - Cititgroup Martin Yang - Oppenheimer Steven Fox - Fox Advisors Josh Spector - UBS Samik Chatterjee - JPMorgan Tim Long - Barclays Wamsi Mohan - Bank of America Matthew Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Operator Welcome to the Corning Incorporated's Q1 2021 (sic) [2022] Earnings Call. [Operator Instructions] It is my pleasure to introduce you to Ann Nicholson, Vice President of Investor Relations.
- 04/26/2022
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Corning (GLW) Q1 Earnings and Revenues Surpass Estimates
- Corning (GLW) delivered earnings and revenue surprises of 10.20% and 5.09%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/26/2022
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Corning shares jump 8.7% premarket after earnings beat
- Shares of glass maker Corning Inc. GLW, +1.83% jumped 8.7% premarket Tuesday, after the company reported better-than-expected first-quarter earnings, boosted by strength in Optical Communications. The company posted net income of $581 million, or 68 cents a share, for the quarter, up from $487 million, or 56 cents a share, in the year-earlier period.
- 04/26/2022
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Earnings Previews: ADM, Corning, DR Horton, PepsiCo
- After markets closed Thursday afternoon, electricity generator FirstEnergy reported quarterly results that missed analysts' consensus earnings estimate but beat on revenues.
- 04/22/2022
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Will Higher Revenues Drive Corning's (GLW) Q1 Earnings?
- Corning's (GLW) performance in first-quarter 2022 is likely to have been driven by growth in Optical Communications, Display Technologies and Specialty Materials businesses.
- 04/21/2022
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Corning (GLW) Reports Next Week: Wall Street Expects Earnings Growth
- Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/19/2022
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3 Oversold Stocks From The Vanguard Mid-Cap Value ETF
- The Vanguard Mid-Cap Value ETF has outperformed the S&P 500 in the past year. Some iconic companies have lost over 30% of their value in the past year.
- 04/16/2022
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Buying The Dip In Corning
- Buying The Dip In Corning
- 03/31/2022
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Corning: On The Cusp Of A New Bull Market
- Corning spiked 16% and closed up 11% on January 26, 2022. The bullish reaction was in response to its Q4 2021 earnings report and stronger than expected guidance for 2022.
- 03/10/2022
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Corning Incorporated (GLW) Presents at Morgan Stanley 2022 Technology, Media and Telecom Conference (Transcript)
- Corning Incorporated (GLW) Presents at Morgan Stanley 2022 Technology, Media and Telecom Conference (Transcript)
- 03/08/2022
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3 Glass Stocks that Could Sharpen Your Portfolio
- Glass that can sharpen your portfolio: See what we did there? Jokes aside, what can glass stocks do for you?
- 02/26/2022
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Why Is Corning (GLW) Down 0.1% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 02/25/2022
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Corning (GLW) is a Top-Ranked Value Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 02/23/2022
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Corning: Consistent Return During Unstable Times
- Corning shows incredible resilience in the current market, with shares up 10% in the last year.
- 02/21/2022
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Why Corning's Fiber Optics Business Is Thriving
- The glass company delivered an impressive Q4 earnings report.
- 02/15/2022
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Corning Stock is a Technology Value Play
- Glass and optical technology products producer Corning (NYSE: GLW) stock has exploded higher on its Q4 2022 earning shrugging off the selling in the benchmark indexes.
- 02/08/2022
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Top Stocks To Watch Today?4 Industrial Stocks For Your Watchlist
- Could industrial stocks grow as the economy recovers?
- 02/03/2022
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Why Corning (GLW) is a Top Momentum Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 01/31/2022
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5 ‘Strong Buy' Stocks With Dividends Expected to Rise This Week
- After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends, which help to provide an income stream.
- 01/31/2022
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Why Shares in Corning Soared Nearly 15% This Week
- The materials science company is preparing for margin expansion in 2022.
- 01/28/2022
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2 of Wednesday's Big Stock Winners Could Have Further to Rise
- Good news on a couple different fronts ran counter to the choppy action in the broader market.
- 01/26/2022
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Corning Incorporated (GLW) CEO Wendell Weeks on Q4 2021 Results - Earnings Call Transcript
- Corning Incorporated (GLW) CEO Wendell Weeks on Q4 2021 Results - Earnings Call Transcript
- 01/26/2022
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Corning (GLW) Surpasses Earnings & Revenue Estimates in Q4
- Corning's (GLW) fourth-quarter 2021 results benefit from growth in Optical Communications, Display Technologies and Life Sciences.
- 01/26/2022
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Corning Stock (GLW): Why The Price Jumped Up Today
- The stock price of Corning Incorporated (NYSE: GLW) increased by over 13% during intraday trading today. This is why it happened.
- 01/26/2022
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Why Corning Stock Jumped 12.5% on Wednesday
- The world's most famous glassmaker just beat earnings -- and promised to do it again next quarter, too.
- 01/26/2022
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Wednesday Morning's 5 Tech Stock Movers
- Tech stocks got off to a good start Wednesday morning. The Nasdaq was up about 2.3% in the first few minutes of trading.
- 01/26/2022
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Corning (GLW) Q4 Earnings and Revenues Top Estimates
- Corning (GLW) delivered earnings and revenue surprises of 5.88% and 2.87%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/26/2022
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What To Expect From Corning's Q4?
- Corning is scheduled to report its Q4 2021 results on Wednesday, January 26. We expect Corning to likely post revenue in-line and earnings above the street expectations.
- 01/26/2022
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Will Higher Revenues Drive Corning's (GLW) Q4 Earnings?
- Corning's (GLW) performance in the fourth quarter of 2021 is likely to have been primarily driven by growth in the Optical Communications business.
- 01/21/2022
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Will Apple Supplier Stocks Do Better In 2022?
- Our theme of Apple Component Supplier Stocks – which includes a diverse set of companies that supply components for Apple's iPhones and other iDevices, has remained roughly flat year-to-date in 2022, compared to the broader S&P 500 which remains down by about -4%.
- 01/20/2022
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New Strong Sell Stocks for January 14th
- BIG, CVGI, and GLW have been added to the Zacks Rank #5 (Strong Sell) List on January 14, 2022
- 01/14/2022
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Corning: Non-GAAP And Balance Sheet Woes Might Be Ended
- Corning: Non-GAAP And Balance Sheet Woes Might Be Ended
- 12/28/2021
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Corning (GLW) Accelerates Vial Manufacturing at Durham Facility
- Corning (GLW) launches a new variety of vials in addition to its existing capacity to boost production rates at its Durham facility.
- 12/21/2021
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Corning (GLW) Dips More Than Broader Markets: What You Should Know
- In the latest trading session, Corning (GLW) closed at $36.10, marking a -1.61% move from the previous day.
- 12/20/2021
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Corning (GLW) Stock Moves -0.41%: What You Should Know
- Corning (GLW) closed the most recent trading day at $36.78, moving -0.41% from the previous trading session.
- 12/14/2021
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Corning (GLW) Gains But Lags Market: What You Should Know
- Corning (GLW) closed the most recent trading day at $38.32, moving +0.24% from the previous trading session.
- 12/08/2021
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Corning (GLW) Outpaces Stock Market Gains: What You Should Know
- In the latest trading session, Corning (GLW) closed at $37.53, marking a +1.85% move from the previous day.
- 12/02/2021
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Corning Incorporated (GLW) Management Presents at Credit Suisse 25th Annual Technology Conference (Transcript)
- Corning Incorporated (GLW) Management Presents at Credit Suisse 25th Annual Technology Conference (Transcript)
- 12/01/2021
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Why Is Corning (GLW) Up 10.3% Since Last Earnings Report?
- Corning (GLW) reported earnings 30 days ago. What's next for the stock?
- 11/25/2021
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New Strong Sell Stocks for November 24th
- BABA, BYND, GLW, DLB, and TPB have been added to the Zacks Rank #5 (Strong Sell) List on November 24, 2021.
- 11/24/2021
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Believe It or Not, These Stocks Pay You to Own Them
- Dividend-paying stocks generate easy money -- delivered regularly, with no effort from you.
- 11/13/2021
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Top Five Tech Stocks for 2022
- Smart Money looks at the macro trends in the investing world. Here are five stocks focused on the big picture that you need to watch.
- 11/05/2021
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Corning Incorporated (GLW) CEO Wendell Weeks on Q3 2021 Results - Earnings Call Transcript
- Corning Incorporated (GLW) CEO Wendell Weeks on Q3 2021 Results - Earnings Call Transcript
- 10/26/2021
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Will Higher Revenues Drive Corning's (GLW) Q3 Earnings?
- Corning's (GLW) performance in the third quarter of 2021 is likely to have benefited from positive momentum across all five business segments.
- 10/20/2021
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GLW Stock: $45 Price Target From Deutsche Bank
- The shares of Corning Incorporated (NYSE: GLW) have received a $45 price target from Deutsche Bank. These are the details.
- 10/11/2021
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Corning Gets No Respect And Is Unjustifiably Cheap
- Corning is in the middle of multiple long-term mega trends, which show no signs of abating. The company is a tech powerhouse, with a long road of growth ahead. Shares are now trading near 2018 levels, trading at a massive discount to the market, while the company appears to be firing on all cylinders.
- 10/07/2021
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Corning Announces Quarterly Dividend
- CORNING, N.Y., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.24 per share on the company's common stock. The dividend will be payable on Dec. 17, 2021, to shareholders of record on Nov. 12, 2021.
- 10/06/2021
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Corning and AT&T Expand Collaboration as Corning Works to Meet Record Broadband Demand and Support Growth of U.S. Manufacturing
- Investments in fiber network capacity and job creation to strengthen AT&T's position as a leading broadband provider Investments in fiber network capacity and job creation to strengthen AT&T's position as a leading broadband provider
- 09/28/2021
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Corning: Prepare For Takeoff
- Corning: Prepare For Takeoff
- 09/22/2021
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5 Stocks Likely to Make the Most of the Booming Demand for 5G
- The demand for 5G seems poised to grow going forward as the technology offers benefits like higher speeds and lower latency, making it prudent to look at stocks like Apple (AAPL), Corning (GLW) and Nokia (NOK).
- 08/27/2021
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Corning (GLW) Cellular Solutions to Power Indoor 5G Connectivity
- Corning's (GLW) Everon mmWave indoor small-cell systems are likely to enable carriers address the exponential growth of 5G connectivity as people return to their work environment in the post-pandemic era.
- 08/11/2021
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Corning's High-Performance Cellular Solutions to Enable Reliable 5G Connection Indoors
- Next-generation Everon™ mmWave solutions simplify deployment in small- and mid-sized venues, including offices, schools, and hospitals Next-generation Everon™ mmWave solutions simplify deployment in small- and mid-sized venues, including offices, schools, and hospitals
- 08/10/2021
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Does Corning Stock Have More Upside?
- The company reported sales of $3.5 billion, up 37% y-o-y, and it was slightly higher than our and consensus forecast of $3.4 billion.
- 08/02/2021
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Corning Incorporated (GLW) CEO Wendell Weeks on Q2 2021 Results - Earnings Call Transcript
- Corning Incorporated (GLW) CEO Wendell Weeks on Q2 2021 Results - Earnings Call Transcript
- 07/27/2021
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Corning (GLW) Beats on Q2 Earnings, Expects Growth to Continue
- Corning's (GLW) second-quarter 2021 results reflect strong sales growth at all five business segments.
- 07/27/2021
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Corning Beats On Q2 Earnings, Posts Strong Segmental Growth And Margin Expansion, Issues Q3 Guidance
- Corning Inc (NYSE: GLW) reported second-quarter FY21 core sales growth of 35% year-on-year to $3.5 billion, surpassing the analyst consensus of $3.4 billion. Display Technologies sales grew 25% Y/Y to $939 million as it raised the glass substrate prices in Q2 and an additional moderate price increase for Q3.
- 07/27/2021
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Corning Reports Outstanding Second-Quarter 2021 Results, Expects Continued Growth in Third Quarter
- Second-quarter core sales of $3.5 billion grew 35% from Q2 2020 and 17% from Q2 2019; Core EPS grew 112% year over year to $0.53 on higher sales and expanded margins; Free cash flow of $471 million grew $186 million, or 65%, year over year Second-quarter core sales of $3.5 billion grew 35% from Q2 2020 and 17% from Q2 2019; Core EPS grew 112% year over year to $0.53 on higher sales and expanded margins; Free cash flow of $471 million grew $186 million, or 65%, year over year
- 07/27/2021
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Corning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems
- New product category creates today's most immersive and connected driving experiences New product category creates today's most immersive and connected driving experiences
- 07/26/2021
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Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report?
- Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/26/2021
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Will Higher Revenues Boost Corning's (GLW) Q2 Earnings?
- Corning's (GLW) performance in the second quarter of 2021 is likely to have benefited from strong demand and positive momentum across its businesses.
- 07/22/2021
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3 Communication Stocks Set to Ride on Seamless Connectivity Demand
- The coronavirus-driven digital transformation and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. POLY, OOMA and TESS are well positioned to make the most of the demand for seamless connectivity solutions.
- 07/20/2021
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Corning Is Still Reasonably Valued
- Corning Is Still Reasonably Valued
- 07/12/2021
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Corning: Bull Case For 20% Upside
- Corning's high relative R&D spend has been fruitful over the last decade, securing market leadership and premium margins.
- 07/08/2021
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Corning Announces Quarterly Dividend
- CORNING, N.Y. , June 30, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.24 per share on the company's common stock. The dividend will be payable on Sept. 29, 2021, to shareholders of record on Aug. 31, 2021.
- 06/30/2021
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Corning Appoints Pamela J. Craig to its Board of Directors
- CORNING, N.Y., June 29, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced that Pamela J. Craig, former chief financial officer of Accenture plc, has been appointed to Corning's Board of Directors, effective June 29, 2021.
- 06/29/2021
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2 High-Yield Dividend Stocks I'd Buy Right Now
- Tanger Factory Outlet Centers and Corning offer high yields at low valuations.
- 06/26/2021
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7 Stocks to Buy Now if You're Feeling Greedy While Others Are Fearful
- Stock markets run on fear and greed in the short term. Here are seven stocks to buy that look like they have significant long-term upside.
- 06/24/2021
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Corning Accelerates Toward 5G With New Technology Drop
- Corning Incorporated (NYSE:GLW) is an American multinational technology company that specializes in specialty glass, ceramics, and related materials.
- 06/14/2021
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Corning (GLW) Dips More Than Broader Markets: What You Should Know
- In the latest trading session, Corning (GLW) closed at $42.76, marking a -0.58% move from the previous day.
- 06/09/2021
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5 Top Tech Stocks to Buy as 5G Holds Solid Growth Prospects
- Here we take a sneak peek into five technology companies, which have the potential to capitalize on the immense 5G-related growth opportunities.
- 06/09/2021
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5 Stocks Set to Gain From the Ongoing 5G Boom
- Watch out for names like Apple (AAPL), Corning (GLW), QUALCOMM (QCOM), American Tower (AMT) and Verizon (VZ) as factors like higher speed and lower latency boost demand for 5G.
- 06/09/2021
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8 Tech Stocks That Are Helping to Build the Next Big Thing
- When investing in tech stocks one winning strategy is to pick the companies whose technology will be found inside the next big thing. The post 8 Tech Stocks That Are Helping to Build the Next Big Thing appeared first on InvestorPlace.
- 06/08/2021
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GLW or VCRA: Which Is the Better Value Stock Right Now?
- GLW vs. VCRA: Which Stock Is the Better Value Option?
- 06/04/2021
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Corning (GLW) Gains As Market Dips: What You Should Know
- Corning (GLW) closed at $43.18 in the latest trading session, marking a +0.7% move from the prior day.
- 06/03/2021
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Corning Introduces Revolutionary Fiber Designed to Accelerate Network Transformation to 5G, Cloud, and Beyond
- Corning SMF-28® Contour optical fiber offers a first-of-its-kind combination of bend resilience, compatibility, and industry-leading low loss Corning SMF-28® Contour optical fiber offers a first-of-its-kind combination of bend resilience, compatibility, and industry-leading low loss
- 06/03/2021
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Corning Incorporated (GLW) CEO Wendell Weeks Presents at Bernstein's 37th Annual Strategic Decisions Conference (Transcript)
- Corning Incorporated (GLW) CEO Wendell Weeks Presents at Bernstein's 37th Annual Strategic Decisions Conference (Transcript)
- 06/02/2021
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Corning Incorporated (GLW) Presents at J.P. Morgan 49th Annual Technology, Media and Communications Conference (Transcript)
- Corning Incorporated (GLW) Presents at J.P. Morgan 49th Annual Technology, Media and Communications Conference (Transcript)
- 05/25/2021
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The Top 7 Ways to Invest In Semiconductors Now
- The global surge in demand for semiconductors is growing, and picks including TSMC stock and AMAT stock will continue to reap the rewards. The post The Top 7 Ways to Invest In Semiconductors Now appeared first on InvestorPlace.
- 05/20/2021
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Corning (GLW) Sees Hammer Chart Pattern: Time to Buy?
- Corning (GLW) has been struggling lately, but the selling pressure may be coming to an end soon
- 05/20/2021
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GLW vs. VCRA: Which Stock Is the Better Value Option?
- GLW vs. VCRA: Which Stock Is the Better Value Option?
- 05/19/2021
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Here's Why Corning (GLW) is a Promising Pick for Investors
- Corning (GLW) expects strong demand and positive momentum across its businesses to continue through 2021.
- 05/19/2021
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Corning Celebrates Grand Opening of Gen 10.5 LCD Glass Plant in Wuhan, China
- The facility will support BOE, China's leading panel maker The facility will support BOE, China's leading panel maker
- 05/12/2021
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Corning Announces Quarterly Dividend
- CORNING, N.Y., April 29, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.24 per share on the company's common stock. The dividend will be payable on June 29, 2021, to shareholders of record on May 28, 2021.
- 04/29/2021
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Corning's (GLW) CEO Wendell Weeks on Q1 2021 Results - Earnings Call Transcript
- Corning's (GLW) CEO Wendell Weeks on Q1 2021 Results - Earnings Call Transcript
- 04/27/2021
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Corning (GLW) Beats on Q1 Earnings, Expects Growth to Continue
- Corning's (GLW) first-quarter 2021 results reflect double-digit percentage sales growth in all segments.
- 04/27/2021
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Corning (GLW) Q1 Earnings and Revenues Top Estimates
- Corning (GLW) delivered earnings and revenue surprises of 7.14% and 4.30%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2021
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Corning's First-Quarter Results Reflect Strong Start to 2021
- Core sales grew 29% year over year; core EPS increased 125% year over year; Free cash flow grew year over year to $372 million; All segments grew double digits year over year with momentum expected to continue throughout 2021 Core sales grew 29% year over year; core EPS increased 125% year over year; Free cash flow grew year over year to $372 million; All segments grew double digits year over year with momentum expected to continue throughout 2021
- 04/27/2021
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What's in the Offing for Corning (GLW) This Earnings Season?
- Corning's (GLW) earnings in the first quarter of 2021 are likely to have benefited from strong execution in each of its businesses.
- 04/22/2021
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Corning (GLW) Reports Next Week: Wall Street Expects Earnings Growth
- Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/20/2021
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10 Tech Stocks to Buy for Under $50
- When it comes to finding tech stocks to buy under $50, they're harder to come by these days. However, here are 10 possibilities.
- 04/19/2021
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A Boom Is Coming in Optical Fiber. Why Corning Will Be the Big Winner.
- The glassmaker is also the leading provider of fiber-optic cable, which puts it in a good position ahead of a broadband push in the U.S., J.P. Morgan asserts.
- 04/19/2021
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GLW vs. AIRG: Which Stock Should Value Investors Buy Now?
- GLW vs. AIRG: Which Stock Is the Better Value Option?
- 04/15/2021
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Corning Named 2021 ENERGY STAR® Partner of the Year
- Energy management program recognized for eighth consecutive year Energy management program recognized for eighth consecutive year
- 04/13/2021
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Here's Why Corning (GLW) is a Solid Investment Proposition Now
- With healthy fundamentals and upward estimate revisions, Corning (GLW) appears to be an enticing investment option amid challenging macroeconomic environment.
- 04/13/2021
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7 Growth Stocks for Coming April Showers
- Growth stocks provide a great opportunity for investors to increase their wealth over time. Here're seven of the top growth shares.
- 04/07/2021
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Corning (GLW) & Samsung Arm Expand Buyback Deal, Stock Up
- Corning (GLW) announces a renewed seven-year share buyback agreement with Samsung Display. As part of this deal, the latter will continue to enjoy an ownership stake in the former through 2028.
- 04/06/2021
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Corning (GLW) Secures Additional Federal Funds for Glass Vials
- In addition to corporate social responsibilities, the federal funds are likely to help Corning (GLW) strengthen its position as a leading packaging provider in the healthcare segment.
- 03/30/2021
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GLW vs. AIRG: Which Stock Should Value Investors Buy Now?
- GLW vs. AIRG: Which Stock Is the Better Value Option?
- 03/29/2021
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6 Top-Ranked Stocks to Make the Most of 5G Uptrend
- Here we discuss six stocks, namely, SWKS, QRVO, ERIC, ADI, GLW, and VIAV that are well poised to make the most of 5G boom.
- 03/23/2021
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Sell Alert: These 5 Dividend Blue Chips Are Way Too Expensive
- As markets make new highs, a lot of stocks are becoming overextended. Here are 5 which are now extremely overvalued.
- 03/21/2021
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3 Communication Stocks Poised to Benefit From Pent-Up Demand
- 3 Communication Stocks Poised to Benefit From Pent-Up Demand
- 03/17/2021
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7 Of The Best Tech Dividend Stocks
- These dividend stocks offer a solid combination of passive income and growth potential. The post 7 Of The Best Tech Dividend Stocks appeared first on InvestorPlace.
- 03/12/2021
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Corning Incorporated (GLW) Management Presents at Susquehanna Financial Group Tenth Annual Technology Conference (Transcript)
- Corning Incorporated (GLW) Management Presents at Susquehanna Financial Group Tenth Annual Technology Conference (Transcript)
- 03/11/2021
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GLW vs. AIRG: Which Stock Should Value Investors Buy Now?
- GLW vs. AIRG: Which Stock Is the Better Value Option?
- 03/11/2021
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6 Promising Tech Stocks at Reasonable Valuations
- The tech sector remains a good hunting ground for stocks.
- 03/09/2021
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Corning's (GLW) Management Presents at 2021 Morgan Stanley Technology, Media and Telecom Conference (Transcript)
- Corning's (GLW) Management Presents at 2021 Morgan Stanley Technology, Media and Telecom Conference (Transcript)
- 03/01/2021
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Maverick Capital Cuts Humana, Amazon
- Lee Ainslie (Trades, Portfolio)'s Maverick Capital Ltd. sold shares of the following stocks during the fourth quarter, which ended on Dec. 31.
- 03/01/2021
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Should Value Investors Consider Corning (GLW) Stock Now?
- Let's see if Corning Incorporated (GLW) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
- 02/26/2021
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GLW vs. AUDC: Which Stock Is the Better Value Option?
- GLW vs. AUDC: Which Stock Is the Better Value Option?
- 02/23/2021
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15 Upcoming Dividend Increases
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
- 02/18/2021
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Corning Inc.: The Market Is Still Missing The Big Picture
- Corning stock is up 32% since my last report, but the stock has failed to produce expected alpha returns. The macroeconomic outlook for Corning is improving, and there are identifiable catalysts that could help the company grow its earnings.
- 02/13/2021
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Is Corning Incorporated Stock a Buy?
- It has strong end markets, but there may be long-term challenges ahead on margin.
- 02/13/2021
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Roger W. Ferguson Jr., President and CEO of TIAA, Named to Corning Board of Directors
- CORNING, N.Y., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today appointed Roger W. Ferguson Jr., president and chief executive officer of TIAA, to Corning's Board of Directors, effective April 1, 2021.
- 02/03/2021
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Corning to raise dividend by 9%
- Corning Inc. said Wednesday that it will raise its quarterly dividend by 9.1%, starting next month. The glass and ceramics science company said the new dividend of 24 cents a share, up from 22 cents a share, will be payable March 30 to shareholders of record on Feb. 26.
- 02/03/2021
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Corning Announces Increase in Quarterly Dividend
- CORNING, N.Y. , Feb. 03, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors declared on Wednesday a quarterly dividend of $0.24 per common share, a 9% increase versus the company's previous quarterly common stock dividend of $0.22. The 2021 first-quarter dividend will be payable on March 30, 2021, to shareholders of record on Feb. 26, 2021.
- 02/03/2021
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Analysts Boost Price Targets on 4 Top-Large Cap Technology Winners
- The fourth-quarter earnings results have been pouring in this week, and one thing's for sure.
- 01/29/2021
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Corning Spikes as Analyst Predicts 25% Upside
- A strong earnings report from the glass manufacturer prompted Oppenheimer analyst Martin Yang to raise his rating on Corning to Outperform, setting a price target of $45.
- 01/28/2021
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Corning Incorporated (GLW) CEO Wendell Weeks on Q4 2020 Results - Earnings Call Transcript
- Corning Incorporated (GLW) CEO Wendell Weeks on Q4 2020 Results - Earnings Call Transcript
- 01/27/2021
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Corning (GLW) Q4 Earnings & Revenues Beat, 2021 View Bullish
- Corning's (GLW) fourth-quarter 2020 results reflect strong execution across its portfolio, which drives growth in all segments.
- 01/27/2021
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Corning Reported a Strong Quarter and Outlook. The Stock Is Falling Anyway.
- Corning posted better-than-expected fourth-quarter results, and projected accelerating growth in the first quarter, as the specialty-glass maker saw strength across multiple product lines.
- 01/27/2021
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Corning (GLW) Beats Q4 Earnings and Revenue Estimates
- Corning (GLW) delivered earnings and revenue surprises of 8.33% and 3.49%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 01/27/2021
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Update: Corning Reports Full-Year 2020 Results Highlighted by Strong Fourth Quarter with Growth in All Segments
- Achieved 17% year-over-year core sales growth in Q4; Expanded margins in second half and generated $948 million in free cash flow in 2020; Expects continued momentum across all businesses in 2021 Achieved 17% year-over-year core sales growth in Q4; Expanded margins in second half and generated $948 million in free cash flow in 2020; Expects continued momentum across all businesses in 2021
- 01/27/2021
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Corning Reports Full-Year 2020 Results Highlighted by Strong Fourth Quarter with Growth in All Segments
- Achieved 17% year-over-year core sales growth in Q4; Expanded margins in second half and generated $948 million in free cash flow in 2020; Expects continued momentum across all businesses in 2021 Achieved 17% year-over-year core sales growth in Q4; Expanded margins in second half and generated $948 million in free cash flow in 2020; Expects continued momentum across all businesses in 2021
- 01/27/2021
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Will Higher Revenues Drive Corning's (GLW) Earnings in Q4?
- Corning's (GLW) earnings in the fourth quarter of 2020 are likely to have benefited from improved demand and commercialization of its innovations.
- 01/25/2021
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Buy Corning Stock, Analyst Says, for a Company That Is Always ‘Reinventing Itself'
- More than 20% of Corning's sales are from products growing much faster than their end markets, UBS says.
- 01/06/2021
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A Trio of Potential Bargain Stocks
- Investors in search of bargain opportunities may be interested in the following businesses as their stocks have a low price-to-median price-sales value when compared to that of the S&P 500, which is a benchmark index for the U.S. market. The price-to-median price-sales value of the S&P 500 is around 1.5.
- 01/03/2021
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Why Corning Stock Rose 24% in 2020
- A recovery is in place, and the company is set to benefit from a pickup in spending on consumer electronics and 5G networking.
- 01/01/2021
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Corning (GLW) Gets $15M for COVID-19 Testing Support Products
- The new award allows Corning (GLW) Life Sciences to add incremental domestic production capacity.
- 12/28/2020
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Corning Receives Award from U.S. Department of Defense and U.S. Department of Health and Human Services for Products Supporting COVID-19 Testing
- $15 million investment to increase the domestic production capacity for products supporting COVID-19 testing and future pandemic preparedness and response $15 million investment to increase the domestic production capacity for products supporting COVID-19 testing and future pandemic preparedness and response
- 12/24/2020
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Top Stocks To Buy Today As Stimulus Hopes Outweigh Disappointing Jobless Claims
- Optimism on the progress of stimulus talks outweighed increasingly grim coronavirus numbers and disappointing jobless numbers. For investors looking to make the most of this market, our deep learning algorithms have crunched the data to give you a set of Top Buys.
- 12/17/2020
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Corning (GLW)-Nippon Paint China Launch Guardiant-Based Paint
- The paint product, which has been developed for use in spaces where children spend most of the time, contains Corning (GLW) Guardiant, an innovative antimicrobial paint additive.
- 12/17/2020
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Corning and Nippon Paint Announce Launch of Antimicrobial Paint in China
- Nippon Paint Containing Corning Guardiant™ Antimicrobial Particles shown to kill 99.9% of the virus that causes COVID-19 Nippon Paint Containing Corning Guardiant™ Antimicrobial Particles shown to kill 99.9% of the virus that causes COVID-19
- 12/16/2020
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Should You Buy Corning Stock At $36?
- After a solid 2x rise since the March 23 levels of this year, at the current price of around $36 per share we believe Corning stock, has reached its near-term potential. GLW stock has rallied from $18 to $36 off the recent bottom, outperforming the S&P which moved 64% over the same period, with.
- 12/15/2020
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Corning, Inc. (GLW) Presents at Barclays Global Technology, Media and Telecommunications Broker Conference Call - (Transcript)
- Corning, Inc. (GLW) Presents at Barclays Global Technology, Media and Telecommunications Broker Conference Call - (Transcript)
- 12/10/2020
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Is Corning Incorporated Stock a Buy?
- Analyzing the investment case for the material stock.
- 12/01/2020
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Corning Incorporated (GLW) Management Presents at Credit Suisse 24th Annual Technology Virtual Conference (Transcript)
- Corning Incorporated (GLW) Management Presents at Credit Suisse 24th Annual Technology Virtual Conference (Transcript)
- 11/30/2020
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Corning to Provide Financial Update at Credit Suisse Annual Technology Conference
- Company expects strong sales and earnings growth in the fourth quarter Company expects strong sales and earnings growth in the fourth quarter
- 11/30/2020
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COVID-19 Vaccine Rollout Challenges Put These Stocks in Focus
- With COVID-19 vaccine on the horizon, cold-chain storage stocks including TT, CARR and TMO; vial makers like GLW and WST; and logistic operators including UPS and FDX are set to hog the limelight.
- 11/20/2020
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Corning, Inc. (GLW) Presents at Morgan Stanley Life After Covid Thematic Broker Conference Call - (Transcript)
- Corning, Inc. (GLW) Presents at Morgan Stanley Life After Covid Thematic Broker Conference Call - (Transcript)
- 11/11/2020
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Corning Incorporated (GLW) Management Presents at Baird 2020 Global Industrial Conference (Transcript)
- Corning Incorporated (GLW) Management Presents at Baird 2020 Global Industrial Conference (Transcript)
- 11/10/2020
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5 Tech Stocks to Buy That Have a Higher Dividend Yield Than the S&P 500
- 2020 will remain in the annals of Wall Street as one of the most bizarre years ever.
- 11/09/2020
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Corning: Illusory EPS And 'Leaky Equity Bucket' - Avoid
- Corning's reported non-GAAP earnings exclude a large amount of unusual items, which nevertheless involve real monetary outlays. Over the last 3.75 years, dividends paid out of equity exceed the amount of income flowing into equity, if both "core" and unusual items of expense are taken into account.
- 11/04/2020
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Corning Incorporated (GLW) CEO Wendell Weeks on Q3 2020 Results - Earnings Call Transcript
- Corning Incorporated (GLW) CEO Wendell Weeks on Q3 2020 Results - Earnings Call Transcript
- 10/27/2020
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Recap: Corning Q3 Earnings
- Shares of Corning (NYSE:GLW) moved higher by 2.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 2.27% year over year to $0.43, which beat the estimate of $0.36.
- 10/27/2020
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Corning Reports Third-Quarter 2020 Results
- Sales grew mid-teens sequentially, margins expanded significantly, and free cash flow exceeded $500 million; Innovation adoption and strong execution drove performance across company Sales grew mid-teens sequentially, margins expanded significantly, and free cash flow exceeded $500 million; Innovation adoption and strong execution drove performance across company
- 10/27/2020
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Hyperspectral Imaging Market Growth Will Flourish at a CAGR of 15% during 2020-2024 due to Increasing Adoption in Environmental Monitoring | Technavio
- The Global Hyperspectral Imaging Market will grow by $ 568.86 mn during 2020-2024
- 10/23/2020
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Global Label-Free Detection Market Research Report 2020-2025: Underlaying COVID-19 Issues and Potential Paths Forward - ResearchAndMarkets.com
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Laboratory Glassware and Plasticware Market 2020-2024- Featuring Brodie & Stone International Plc, Church & Dwight Co. Inc., Colgate-Palmolive Co., Among Others
- The Global Laboratory Glassware and Plasticware Market will grow by USD 843.1 mn during 2020-2024
- 10/21/2020
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Global Ultra-thin Glass Market|Increase in Demand for Flat Panel Displays to Boost Market Growth | Technavio
- The Global Ultra-thin Glass Market will grow by $ 9.13 bn during 2020-2024
- 10/19/2020
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Corning Incorporated (NYSE:GLW) Shares Sold by Tiaa Fsb
- Tiaa Fsb reduced its position in Corning Incorporated (NYSE:GLW) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,988 shares of the electronics maker’s stock after selling 431 shares during the quarter. Tiaa Fsb’s holdings in Corning were worth $875,000 at the […]
- 10/16/2020
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Gel Documentation Systems Market will Showcase Neutral Impact During 2020-2024 | Rise in Automation in Healthcare Industry to Boost Market Growth | Technavio
- The Global Gel Documentation Systems Market will grow by $ 40.06 mn during 2020-2024
- 10/16/2020
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Global Flexible Display Market Trends, Forecast and Competitive Analysis Report 2020 - ResearchAndMarkets.com
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Global Polymerase Chain Reaction (PCR) Consumables Market Report 2020-2027 - ResearchAndMarkets.com
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Global Healthcare Hyperspectral Imaging (HSI) Systems (Cameras & Accessories) Market 2020-2024 - ResearchAndMarkets.com
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Cell Culture Market to Reach USD 14.81 Billion by 2024, Agilent Technologies Inc. and Becton, Dickinson and Co. Emerge as Key Contributors to Growth | Technavio
- The Global Cell Culture Market will grow by USD 14.81 bn during 2020-2024
- 10/08/2020
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Global Advanced Glass Market 2020-2026: Increasing Focus on R&D Activities by Key Players - ResearchAndMarkets.com
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Fiber Optics Market - Actionable Research on COVID-19 | Increase in the Number of FTTH Homes and Subscribers to Boost the Market Growth | Technavio
- The Global Fiber Optics Market will grow by USD 2.44 bn during 2020-2024
- 10/05/2020
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Global Fiber to the x Market Trajectory & Analytics to 2027: Market is Projected to Reach $16 Billion - ResearchAndMarkets.com
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Have a sight on this: Lithium Americas Corp. (NYSE:LAC), Corning Incorporated (NYSE:GLW) - Stocks Equity
- Lithium Americas Corp. (NYSE:LAC) with the stream of 18.94% also noticed, India Corning Incorporated (NYSE:GLW) encountered a rapid change of 1.66% in the last hour of Monday’s trading session. Lithium …
- 09/28/2020
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COVID-19 Impact and Recovery Analysis | Fiber Optic Cables Market Procurement Intelligence Report Forecasts Spend Growth of over USD 2 Billion
- The Global Fiber Optic Cables Market is poised to experience spend growth of more than USD 2 billion between 2019-2024 at a CAGR of over 7.0%.
- 09/28/2020
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VIA optronics and a Flurry of Biotech IPOs Are Set to Trade
- VIA, a maker of digital displays, raised $93.75 million after pricing its initial publuc offering at the low end of the range investors had been told to expect.
- 09/25/2020
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Corning Natural Gas (OTCMKTS:CNIG) Stock Passes Below 200-Day Moving Average of $16.66
- Shares of Corning Natural Gas Holding Corp (OTCMKTS:CNIG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.66 and traded as low as $16.00. Corning Natural Gas shares last traded at $16.00, with a volume of 400 shares. The company has a market cap of […]
- 09/25/2020
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VIA optronics Announces Pricing of Initial Public Offering
- VIA optronics AG (“VIA”), a leading supplier of enhanced display solutions, announced today the pricing of its initial public offering (the “Offering”
- 09/25/2020
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Culture Media Procurement Intelligence Report with Roadmap for Recovery from COVID-19
- The Culture Media procurement market will register an incremental spend of about $ 3 billion, growing at a CAGR of 8.00 % from 2019-2024.
- 09/23/2020
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Martin J. Curran Sells 41,484 Shares of Corning Incorporated (NYSE:GLW) Stock
- Corning Incorporated (NYSE:GLW) VP Martin J. Curran sold 41,484 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $31.75, for a total value of $1,317,117.00. Following the completion of the sale, the vice president now directly owns 21,346 shares of the company’s stock, […]
- 09/17/2020
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COVID-19 Recovery Analysis: Hyperspectral Imaging Market | Increasing Use of Night Vision Cameras to Boost the Market Growth | Technavio
- The Global Hyperspectral Imaging Market will grow by $ 568.86 mn during 2020-2024
- 09/17/2020
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Submarine Fiber Cable Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcatel Submarine Networks Ltd. and Corning Inc. | Technavio
- The Global Submarine Fiber Cable Market will grow by $ 4.34 bn during 2020-2024
- 09/15/2020
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Corning Incorporated. (GLW) Management Presents at Citi's 2020 Global Technology Virtual Conference (Transcript)
- Corning Incorporated (NYSE:GLW) Citi’s 2020 Global Technology Virtual Conference Transcript September 9, 2020 10:45 AM ET Executives Tony Tripeny - Chief Financial Officer Jeff Evenson - Chief Strategy Officer Analysts Asiya Merchant - Citi Research Presentation Asiya Merchant Good morning, everyone.
- 09/09/2020
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Rotating Into Value For The Remainder Of 2020
- Growth has massively outpaced value for nearly the last decade. This trend may well continue into the future, but its definitely not a straight line.
- 09/06/2020
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My Dividend Growth Portfolio August Review: 38 Holdings, No Trades
- I received $768 in August, which was down from May and down from August 2019. I made no trades over the month as stocks continue their meteoric rise.
- 09/04/2020
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 08/30/2020
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Stocks To Watch: Nvidia, Intel And Zoom Look To Dazzle
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 08/29/2020
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COVID-19 Pandemic Impact on Global Cell Culture Market 2020-2024 |Technavio
- The Global Cell Culture Market will grow by USD 14.81 bn during 2020-2024
- 08/25/2020
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Corning: A Beneficiary Of Forthcoming Healthcare Requirements
- Corning, an electronics component manufacturer, has a different business model based on induced demand.
- 08/24/2020
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Corning's Valor Glass In The Spotlight
- Once the COVID-19 vaccine enters mass production, the world could experience a glass vial shortage. The US government is betting on Corning's Valor Glass to supply a large part of the added demand for vials in the US.
- 08/24/2020
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Dividend Champion And Contender Highlights: Week Of August 23
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends.
- 08/22/2020
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Corning: Poised To Benefit From 5G, But Consider The Risks
- Corning Incorporated is a leading global company that specializes in glass and ceramics science, and optical physics.
- 08/22/2020
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Corning (City of) NY -- Moody's assigns A1 to Corning, NY's GOLT bonds
- Moody's Investors Service has assigned an A1 rating to the City of Corning, New York's $1.5 million Public Improvement (Serial) Bonds, 2020 Series B. Moody's maintains the A1 general obligation limited tax (GOLT) rating on the city's outstanding bonds as well as the city's A1 issuer rating. Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.
- 08/18/2020
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'Halftime Report' Traders Weigh In On Shake Shack, Corning And More
- On CNBC's "Fast Money Halftime Report," Stephanie Link said she would buy more shares of UnitedHealth Group Inc (NYSE: UNH), but she would wait for a weak day. She likes the stock a lot and she would hold it for a long time.Josh Brown said that Shake Shack Inc (NYSE: SHAK) stock is not going to work until we return to work and tourism. He expects it to do well in the long term and he would own the stock.Jon Najarian would continue to hold BP plc (NYSE: BP). The stock did very well in August.Meghan Shue said that you can play weaker U.S. dollar with cyclicals, international stocks and gold. She explained that the U.S. dollar is anti-cyclical currency, so when the growth is improving better than expectations, particularly outside of the U.S., we tend to see the dollar to weaken and cyclicals to do well.Fortinet Inc (NASDAQ: FTNT) is still a buy, believes Link. She believes that the earnings were good, despite the stock trading lower. Link thinks that Fortinet is a great security company and she wants to own the stock at its current price.Brown thinks that an investment into an equally weighted ETF would reduce volatility, but it probably wouldn't give a sustainable performance gain versus the SPY.Najarian would hold Corning Incorporated (NYSE: GLW). He expects it to do well on the demand for the iPhone 12.See more from Benzinga * Jon Najarian Sees Unusual Options Activity In Melco And Raytheon * 'Fast Money Halftime Report' Picks For August 11: Las Vegas Sands, Wynn Resorts And More * Carter Worth Shares His 'Catch-Up Stocks'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/11/2020
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Insights on the Photonics Global Market to 2027 - Impact of COVID-19 - ResearchAndMarkets.com
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The World’s Hottest Stock Is a Money-Losing Tech Giant Soaring 880%
- (Bloomberg) -- It gets far less attention than Tesla, the FAANGs or even the Robinhood flavor of the week.Yet Sea Ltd. has quietly become the world’s best-performing large-cap stock, stoking a debate on Wall Street over whether the Singapore-based gaming, e-commerce and payments company is the next great internet colossus or just Exhibit A in a global tech bubble that’s destined to burst.For now at least, bulls have the upper hand. Swelling optimism that loss-making Sea may one day become both the Tencent and Alibaba of Southeast Asia has boosted its New York-listed shares by more than 880% in the past 18 months, the largest gain worldwide among companies with a starting market value of at least $1 billion. Short sellers who placed record wagers against the stock in June are retreating at an unprecedented pace.If Sea Chief Executive Officer Forrest Li is paying attention to any of this, he’s not letting on. The 42-year-old billionaire said in a video interview that he’s been working seven-day weeks in the office since April, leading his company through what may be its most pivotal year. Demand for Sea’s mobile games and online-shopping platform has surged during the pandemic, and the company is bidding on a Singapore digital-banking license to accelerate its push into financial services. Li is also looking for potential acquisitions in gaming, logistics and e-commerce.“We don’t like to think too much about our success or how we got here,” he said when asked about Sea’s stock price. “It doesn’t matter if the environment is good or bad. It doesn’t change a company or a person.”Even by the standards of today’s tech boom, Li’s ascent has been remarkable. Born in the Chinese port city of Tianjin, he worked for the local units of Motorola Solutions Inc. and Corning Inc. before enrolling in Stanford’s MBA program. He founded Sea, then known as Garena, in 2009 and took it public with backing from Tencent in 2017.Read more about Li, who named himself after Forrest Gump.After a rocky first year of trading, Sea’s stock has gone on to trounce everything in its class. Initially, the gains were fueled by the runaway success of Sea’s first self-made mobile game -- a battle royale called Free Fire that has attracted as many as 80 million daily active users in more than 130 markets.But Sea’s e-commerce and financial services units are now increasingly important pillars of the bull case. Its Shopee platform overtook Alibaba’s Lazada in the fourth quarter of 2019 to become the top e-commerce provider in Southeast Asia, according to research firm iPrice, and the business accounted for more than 40% of Sea’s revenue in 2019, up from 2.3% in 2017.SeaMoney, which offers everything from e-wallets to micro loans, could ultimately be just as large, according to Li. “We think this is a huge business opportunity,” he said.Read more: Sea’s Singapore Digital Bank Bid Targets Millennials, SMEsThe soft-spoken founder has some big-name believers. Tencent still owns about 20% of Sea, and the stock was the biggest holding as of May in Noah Blackstein’s Dynamic Power Global Growth Class fund, one of the world’s top-performing equity mutual funds of the past decade. Other prominent shareholders include Chase Coleman’s Tiger Global Management LLC and Kora Management LP, an emerging markets-focused hedge fund in New York, according to regulatory filings as of March.Kora began investing in Sea in early 2018 after meeting with Li, Daniel Jacobs, the hedge fund’s founding partner, said in an interview. “We’ve seen over the last two years a company that’s got a great team and great products going after a big market and just executing incredibly well,” he said. “We think this is a mini Tencent and has the ability to be a really successful, large company in a global context.”Sea has already claimed the title of biggest company in Southeast Asia after its market value swelled to $65 billion, topping DBS Group Holdings Ltd. and PT Bank Central Asia for the first time earlier this year. Revenue has also grown quickly, jumping 163% to $2.2 billion in 2019, though it’s still just a fraction of DBS’s $11 billion.As for Sea’s $1.46 billion net loss last year? Jacobs isn’t bothered by it. “They are thoughtful and prudent about building a business,” he said. “We are very much of the view that the company has all this under control.”Not everyone is convinced.DBS Bank Ltd. analyst Sachin Mittal downgraded his recommendation on Sea to sell in July, citing Indonesia’s new tax regulations for cross-border transactions and the likelihood of the company burning through cash to grow its payments business. “There is a tech bubble right now,” he said in an interview. “Sea’s stock is overvalued and it’s partly a reflection of the industry.”While short sellers have closed out bets against Sea at a rapid clip in recent weeks, they still have a bearish position worth more than $3 billion, or about 8% of the stock’s free float, according to S3 Partners, a financial analytics firm. “Mark-to-market losses may have forced shorts out of their position,” said Ihor Dusaniwsky, head of predictive analytics at S3. “But they may still have a negative outlook.”Skeptics note that Sea faces deep-pocketed competitors in all of its main businesses, from Lazada to Grab Holdings Inc. and a slew of other up-and-comers in digital finance. Meanwhile, Sea’s gaming unit has yet to prove it’s more than just a one-hit wonder.Read more: Alibaba Helps Asia’s Malls Go Online After Virus Upends Retail“We could have a post-Covid situation where the jack-up in revenue does not materialize, and the gaming business is doing well but rests on only one popular game,” said Nirgunan Tiruchelvam, head of consumer equity research at Tellimer Ltd.Sea optimists see little reason to cash in. In fact, Georg Krijgh, founder and head of the investment team at Amsterdam-based Fratres, said his firm’s Knight Tech Fund, which has 150 million euros ($177 million) under management, plans to add to its Sea holdings.The stock is already the fund’s second-largest position after Shopify Inc., a Canadian e-commerce company that has gained more than 500% in the past 18 months. “There are always people who like to short excellent companies such as Sea, Tesla or Carvana, mainly based on the argument of a high valuation,” he said. “It’s an inferior strategy.”Sea’s biggest challenge now may have less to do with execution than with meeting investors’ “sky-high” expectations, said Matthew Kanterman, an analyst at Bloomberg Intelligence. In the past seven days alone, Sea’s stock has soared 28% to record.For his part, Li appears well aware that the bar has increased. It’s been hard not to notice with everyone calling his company a Southeast Asian mashup of Tencent and Alibaba, two of the most successful businesses in history.“We learned a lot from those pioneers,” said Li, who has an estimated net worth of $7.5 billion. “But at the end of the day, we don’t need to be their mini versions. We can just be ourselves.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/05/2020
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Lumentum (NASDAQ:LITE) Lifted to Hold at Zacks Investment Research
- Zacks Investment Research upgraded shares of Lumentum (NASDAQ:LITE) from a sell rating to a hold rating in a report issued on Thursday, Zacks.com reports. According to Zacks, “Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company’s operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes […]
- 08/03/2020
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EnerSys Will Get A Jolt From 5G Spending - A Catalyst Worth Watching
- The recent collaboration with Corning provides a seamless fiber and electrical power solution for small cells.
- 07/30/2020
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Drugmakers Race to Build Covid-19 Vaccine Supply Chains
- Pharmaceutical companies that are racing to develop a vaccine for the coronavirus are already working behind the scenes to build the supply chains needed to deliver the drug to billions of people as rapidly as possible.
- 07/30/2020
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How Many Corning Incorporated (NYSE:GLW) Shares Do Institutions Own?
- If you want to know who really controls Corning Incorporated (NYSE:GLW), then you'll have to look at the makeup of its...
- 07/29/2020
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Corning (GLW) Q2 2020 Earnings Call Transcript
- GLW earnings call for the period ending June 30, 2020.
- 07/29/2020
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Corning (GLW) Beats Q2 Earnings on Operational Execution
- Corning's (GLW) second-quarter 2020 results reflect lower year-over-year sales in its business segments, except Specialty Materials.
- 07/28/2020
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Corning Earnings Top Street Estimates, but the Stock Slips Anyway
- (GLW) stock slipped Tuesday despite better-than-expected earnings from the specialty glass company. The company said it had $285 million in free cash flow and remains on track to be cash flow positive for the full year. Sales were flat in the company’s display technologies business, up 12% in optical communications, down 29% in environmental technologies (which supplies the automotive sector), up 18% in specialty materials, and down 6% in life sciences.
- 07/28/2020
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Corning Incorporated (GLW) CEO Wendell Weeks on Q2 2020 Results - Earnings Call Transcript
- Corning Incorporated (NYSE:GLW) Q2 2020 Earnings Conference Call July 28, 2020, 08:30 AM ET Company Participants Ann Nicholson - Vice President of IR Wendell Weeks - Chairman and CEO Tony Tripeny - EVP and CFO Jeff Evenson - EVP and CSO Conference Call Participants Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors Asiya Merchant - Citigroup George Notter - Jefferies Shannon Cross - Cross Research Tim Long - Barclays Meta Marshall - Morgan Stanley Rod Hall - Goldman Sachs Wamsi Mohan - Bank of America Merrill Lynch Mehdi Hosseini - SIG Presentation Operator Ladies and gentlemen, thank you for standing by.
- 07/28/2020
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Corning: Q2 Earnings Insights
- Shares of Corning (NYSE:GLW) fell 0.2% after the company reported Q2 results.Quarterly Results Earnings per share fell 44.44% over the past year to $0.25, which beat the estimate of $0.12.Revenue of $2,588,000,000 decreased by 13.33% from the same period last year, which beat the estimate of $2,370,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Jul 28, 2020View more earnings on GLWTime: 08:30 AMET Webcast URL: https://edge.media-server.com/mmc/p/h3n3wgerTechnicals 52-week high: $34.2552-week low: $17.44Price action over last quarter: Up 36.34%Company Overview Corning is a leading supplier of advanced glass substrates used in LCDs, optical fiber, ceramic substrates, and a variety of other materials science products. Corning operates in five segments: display technologies, optical communications, environmental technologies, specialty materials, and life sciences. Although headquartered in New York, the company's operations and geographic reach span the globe, with most of Corning's revenue generated in Asia-Pacific.See more from Benzinga * Earnings Scheduled For July 28, 2020 * Benzinga's Top Upgrades, Downgrades For July 16, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/28/2020
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Corning (GLW) Q2 Earnings and Revenues Beat Estimates
- Corning (GLW) delivered earnings and revenue surprises of 127.27% and 8.77%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2020
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Corning Reports Second-Quarter 2020 Results
- Strong sequential growth in sales, EPS, and free cash flow; Execution of business strategy drives resilient performance, counteracting end-market challenges; Company implemented adjusted operating plan and took actions to protect financial strengthCORNING, NY, July 28, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced results for the second quarter ended June 30, 2020. * GAAP and core sales were $2.6 billion; versus the first quarter, GAAP sales increased 7% and core sales increased 2% * GAAP EPS was $(0.13); core EPS was $0.25, up 25% sequentially * GAAP net loss was $71 million; core net income was $218 million, up 23% sequentially * The difference between GAAP and core results stemmed primarily from non-cash restructuring charges, including the reassessment and reprioritization of R&D programs * Free cash flow of $285 million improved sequentially and keeps Corning on track to be free cash flow positive for the full yearWendell P. Weeks, chairman and chief executive officer, said, “During the second quarter, we made great strides in positioning Corning to emerge stronger from the global health crisis and resume growth. Sales, net income, EPS, and free cash flow all increased sequentially.“Corning advanced multiple initiatives throughout the second quarter, including the launch of Corning® Gorilla® Glass Victus™ and continued innovation with 5G industry leaders,” Weeks continued. “On the COVID-19 front, we continue to seek ways to leverage our deep technology, manufacturing, and engineering capabilities to combat the pandemic directly. We were delighted that Corning Valor® Glass was selected by the U.S. Department of Health & Human Services and the Department of Defense to accelerate delivery of COVID-19 vaccines.“Overall, our decisive action and operational execution resulted in positive free cash flow and continued leadership in the capabilities that make Corning distinctive. We’re delivering for our customers, outperforming our markets, and preserving our financial strength.”Market-Access Platform Highlights Corning holds a leadership position in each of the markets addressed by its five Market-Access Platforms. In the second quarter, the company progressed important growth initiatives and reported the following highlights: * Life Sciences – Corning Pharmaceutical Technologies continued to advance its strategy of building a multibillion-dollar pharmaceutical glass business. The company entered into a long-term supply agreement to provide Valor Glass vials for a portion of currently marketed Pfizer drug products and was awarded $204 million in funding from the Biomedical Advanced Research and Development Authority (BARDA). The BARDA funding will enable Corning to substantially expand domestic manufacturing capacity to help accelerate delivery of COVID-19 vaccines and drugs. * Mobile Consumer Electronics – Specialty Materials delivered 13% year-over-year sales growth despite a year-over-year decline in the smartphone market. Growth resulted from strong demand for premium products. In July, the company announced the launch of Gorilla Glass Victus, the toughest Gorilla Glass yet. Samsung will be the first customer to adopt Gorilla Glass Victus in the near future. * Automotive – Environmental Technologies outperformed a weak market and delivered more than 20% year-over-year growth in Gasoline Particulate Filters sales. * Optical Communications – Segment sales grew 12% sequentially, driven by carrier network projects. Advancements relevant to the deployment of 5G continued. The company announced a strategic collaboration with EnerSys to simplify the delivery of fiber and electrical power to small-cell wireless sites. Corning is also working with Qualcomm Technologies to deliver indoor networks that are 5G-ready, easy-to-install, and affordable. * Display – Display Technologies generated consistent sequential net income as large-screen TV sales continued to drive demand and support the continued ramp of the company’s new Gen 10.5 facilities.Strengthening Financial PositionTony Tripeny, executive vice president and chief financial officer, said, “We came into this economic downturn with a balance sheet built for times like these and took actions during the quarter to ensure we have the financial resources needed for the duration. We generated $285 million in free cash flow, exited the quarter with $2.2 billion in cash, and are on track to generate positive free cash flow for the year.“Our financial position is strong,” Tripeny continued. “We are becoming more efficient, and we have the capacity in place to meet expected growth with minimal investment. We expect improved profitability and return on invested capital as we grow sales.”Across Corning’s businesses, demand and visibility improved throughout the second quarter. As a result, the company expects sequential sales and profit growth in the third quarter. The level of growth will depend on end-market demand and economic activity in August and September.Second-Quarter 2020 Results and Comparisons(In millions, except per-share amounts) Q2 2020 Q1 2020 % change Q2 2019 % change GAAP Net Sales$ 2,561 $ 2,391 7% $ 2,940 (13%) GAAP Net (Loss) Income$ (71) $ (96) ** $ 92 ** GAAP EPS$ (0.13) $ (0.16) ** $ 0.09 ** Core Sales*$ 2,588 $ 2,529 2% $ 2,986 (13%) Core Net Income*$ 218 $ 177 23% $ 410 (47%) Core EPS*$ 0.25 $ 0.20 25% $ 0.45 (44%) *Core performance measures are non-GAAP financial measures. The reconciliation between GAAP and non-GAAP measures is provided in the tables following this news release, as well as on the company’s website.**Not MeaningfulSecond-Quarter Segment ResultsDisplay Technologies Q2 2020 Q1 2020 % change Q2 2019 % change Net Sales$ 753 $ 751 0% $ 848 (11%) Net Income Before Tax$ 193 $ 192 1% $ 268 (28%) Net Income$ 152 $ 152 0% $ 213 (29%) In Display Technologies, second-quarter sales were $753 million, and net income was $152 million, both consistent sequentially. Corning’s volume grew by a low-single digit percentage sequentially. Sequential price declines were moderate, as expected.Optical Communications Q2 2020 Q1 2020 % change Q2 2019 % change Net Sales$ 887 $ 791 12% $ 1,090 (19%) Net Income Before Tax$ 104 $ 37 181% $ 201 (48%) Net Income$ 81 $ 29 179% $ 158 (49%) In Optical Communications, second-quarter sales were $887 million, up 12% sequentially. Major carriers increased spending versus the first quarter on cable deployments and access network projects. The year-over-year decline in sales was in line with the passive optical market decline.Environmental Technologies Q2 2020 Q1 2020 % change Q2 2019 % change Net Sales$ 226 $ 320 (29%) $ 366 (38%) Net Income Before Tax$ — $ 44 * $ 82 * Net Income$ — $ 35 * $ 65 * *Not MeaningfulIn Environmental Technologies, the suspension of vehicle manufacturing production in key markets that began in the first quarter continued for much of the second quarter. As a result, sales were down 38% year over year. Profitability was impacted by the lower sales and production volumes.Specialty Materials Q2 2020 Q1 2020 % change Q2 2019 % change Net Sales$ 417 $ 352 18% $ 369 13% Net Income Before Tax$ 114 $ 65 75% $ 85 34% Net Income$ 90 $ 51 76% $ 67 34% In Specialty Materials, sales grew 13% year over year, driven by strong demand for premium glasses in support of second-half customer launches, growth in IT products due to work- and study-from-home trends, as well as demand for products in the semiconductor equipment space. Net income was up 34% year over year on higher sales volume.Life Sciences Q2 2020 Q1 2020 % change Q2 2019 % change Net Sales$ 243 $ 258 (6%) $ 260 (7%) Net Income Before Tax$ 39 $ 48 (19%) $ 51 (24%) Net Income$ 31 $ 38 (18%) $ 40 (23%) Life Sciences second-quarter sales were down 7% year over year as continued research lab closures in EMEA and North America related to the COVID-19 pandemic more than offset strong demand for test kit consumables and other products to address the pandemic. The reduction in net income was driven by lower sales.Upcoming Investor Events On Sept. 2, Corning will attend the Jeffries Semiconductor, IT Hardware & Communication Infrastructure Summit. On Sept. 9, Corning will attend Citi's 2020 Global Technology Conference. Both will be virtual conferences.Second-Quarter Conference Call InformationThe company will host a second-quarter conference call on Tuesday, July 28, at 8:30 a.m. EST. To participate, please call toll free (877) 710-0209 or for international access, call (315) 625-3068 approximately 10 to15 minutes prior to the start of the call. The Access Code is 999 1654. To listen to a live audio webcast of the call, go to Corning’s website at http://www.corning.com/investor_relations, click “Events,” and follow the instructions.Presentation of Information in this News ReleaseNon-GAAP financial measures are not in accordance with, or an alternative to, GAAP. Corning’s non-GAAP financial measures exclude the impact of items that are driven by general economic conditions and events that do not reflect the underlying fundamentals and trends in the company’s operations. The company believes presenting non-GAAP financial measures assists in analyzing financial performance without the impact of items that may obscure trends in the company’s underlying performance. Definitions of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found on the Company’s website by going to the Investor Relations page and clicking “Quarterly Results” under the “Financials and Filings” tab. These reconciliations also accompany this news release.
- 07/28/2020
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Corning Incorporated 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Corning Incorporated in conjunction with their 2020 Q2 earnings call.
- 07/28/2020
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Why Corning (GLW) Could Beat Earnings Estimates Again
- Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/27/2020
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Why Corning (GLW) Might Surprise This Earnings Season
- Corning (GLW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/27/2020
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2020 Latin America, Middle East & Africa Automotive Aftermarket Glass Market - ResearchAndMarkets.com
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What's in Store for Corning (GLW) This Earnings Season?
- Corning's (GLW) second-quarter performance is likely to have been impaired by economic uncertainties stemming from the COVID-19 crisis.
- 07/24/2020
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Corning Introduces Corning® Gorilla® Glass Victus™, The Toughest Gorilla Glass Yet, For Mobile Consumer Electronics
- Gorilla Glass Victus significantly improves both drop and scratch performance for the first time ever in the Gorilla Glass family, addressing consumer demand for improved durabilityCORNING, NY, July 23, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today introduced its latest breakthrough in glass technology, Corning® Gorilla® Glass Victus™. Built on more than a decade-long legacy of delivering tough glasses for smartphones, laptops, tablets, and wearables, Gorilla Glass Victus provides consumers and OEMs with significantly better drop and scratch performance compared to competitive aluminosilicate glasses from other manufacturers.“Corning’s extensive consumer research has shown that improved drop and scratch performance are key components of consumer purchasing decisions,” said John Bayne, senior vice president and general manager, Mobile Consumer Electronics. In three of the largest smartphone markets in the world – China, India, and the United States – durability is one of the most important purchase considerations for smartphones, second only to the device brand. When tested against features such as screen size, camera quality, and device thinness, durability was twice as important, and consumers were willing to pay a premium for improved durability. Additionally, Corning has analyzed feedback from more than 90,000 consumers indicating that the importance of drop and scratch performance has nearly doubled in seven years. “Dropped phones can result in broken phones, but as we developed better glasses, phones survived more drops but also showed more visible scratches, which can impact the usability of devices,” Bayne said. “Instead of our historic approach of asking our technologists to focus on a single goal – making the glass better for either drop or scratch – we asked them to focus on improving both drop and scratch, and they delivered with Gorilla Glass Victus.” In lab tests, Gorilla Glass Victus achieved drop performance up to 2 meters when dropped onto hard, rough surfaces. Competitive aluminosilicate glasses from other manufacturers typically fail when dropped from less than 0.8 meters. Gorilla Glass Victus also surpasses Corning® Gorilla® Glass 6 with up to a 2x improvement in scratch resistance. Additionally, the scratch resistance of Gorilla Glass Victus is up to 4x better than competitive aluminosilicate glasses. Gorilla Glass has been designed into more than 8 billion devices by more than 45 major brands. Through the company’s Mobile Consumer Electronics (MCE) Market-Access Platform, Corning continues its legacy of innovation with its market-leading cover glasses as well as glass and optics for semiconductor products that enhance performance, deliver new connectivity features, enable new designs, and support immersive user experiences with augmented reality and 3D sensing. Samsung will be the first customer to adopt Gorilla Glass Victus in the near future. For additional information, videos, and images please visit our media resource center.Caution Concerning Forward-Looking Statements This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the duration and severity of the recent COVID-19 (coronavirus) outbreak, and its ultimate impact across our businesses on demand, operations and our global supply chains; the effects of acquisitions, dispositions and other similar transactions by the Company, the effect of global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, New Taiwan dollar, euro, Chinese yuan, and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; and the potential impact of legislation, government regulations, and other government action and investigations.For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.Web Disclosure In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.About Corning Incorporated Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 169-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include mobile consumer electronics, optical communications, automotive technologies, life sciences technologies, and display technologies.Corning Media Relations Contacts: Sarah Pakyala (607) 974-4902 PakyalaSI@corning.comGabrielle Bailey (607) 974-6394 BaileyGR@corning.comCorning Investor Relations Contact: Ann H.S. Nicholson (607) 974-6716 Nicholsoas@corning.comFollow Corning: RSS Feeds | Facebook | Twitter | YouTube
- 07/23/2020
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COVID-19: Significant Shift in Strategy of Global Cable Assembly Market 2020-2024 | Increasing Demand for EVs to Augment Growth | Technavio
- The Global Cable Assembly Market will grow by USD 65.83 bn during 2020-2024
- 07/22/2020
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Analysts Estimate Corning (GLW) to Report a Decline in Earnings: What to Look Out for
- Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/21/2020
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ThermoGenesis Holdings: Many Short-Term Catalysts In Low-Float Stock
- Marketing of ThermoGenesis CAR-TXpress product line commences under Corning label. First COVID-19 antibody 10 minute test sales shipped.
- 07/20/2020
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Corning Partners With EnerSys to Accelerate 5G Deployment
- Corning (GLW) partners with EnerSys to simplify 5G deployment by bringing together the delivery of optical connectivity and power distribution.
- 07/16/2020
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Buy Corning Stock to Play Strong TV and Phone Demand, Analyst Says
- J.P. Morgan analyst Samik Chatterjee lifted his rating on the glassmaker’s stock to Overweight from Neutral, setting a new price target of $36, up from $25.
- 07/16/2020
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Corning Announces Quarterly Dividend
- CORNING, NY, July 15, 2020 -- Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.22 per share on the company’s common stock. The.
- 07/15/2020
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Corning and EnerSys Announce Collaboration to Help Speed 5G Deployment
- CORNING, NY, July 15, 2020 -- Corning Incorporated (NYSE:GLW) and EnerSys (NYSE:ENS) today announced a strategic collaboration to speed 5G deployment by simplifying the.
- 07/15/2020
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City Holding Co. Reduces Position in Corning Incorporated (NYSE:GLW)
- City Holding Co. decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,438 shares of the electronics maker’s stock after selling 500 shares during the quarter. City Holding Co.’s holdings in […]
- 07/14/2020
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Ceramics Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Need For Less Energy to Boost the Market Growth | Technavio
- The Global Ceramics Market will grow by USD 108.7 bn during 2020-2024
- 07/13/2020
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Did Hedge Funds Make The Right Call On Corning Incorporated (GLW) ?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 07/11/2020
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Courier Capital LLC Sells 665 Shares of Corning Incorporated (NYSE:GLW)
- Courier Capital LLC lessened its stake in shares of Corning Incorporated (NYSE:GLW) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,716 shares of the electronics maker’s stock after selling 665 shares during the quarter. Courier Capital LLC’s holdings in Corning […]
- 07/07/2020
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Automotive Glass Market Analysis Highlights the Impact of COVID-19 2020-2024| Demand for Premium Vehicles and Sunroofs to boost the Market Growth | Technavio
- The Global Automotive Glass Market will grow by USD 2.89 bn during 2020-2024
- 07/07/2020
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Blue Chip DRiP Portfolio: June Dividends And Covered Calls Update
- June dividend income was better than anticipated, considering the widespread dividend slashing and freezes. Even with a suspension from Ford, and a stinging cut
- 07/03/2020
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Lumentum Holdings Inc (NASDAQ:LITE) Shares Sold by Axa
- Axa lowered its holdings in Lumentum Holdings Inc (NASDAQ:LITE) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590,150 shares of the technology company’s stock after selling 26,669 shares during the period. Axa owned about 0.79% of Lumentum worth $43,494,000 at […]
- 07/02/2020
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Lumentum (NASDAQ:LITE) Cut to Sell at ValuEngine
- Lumentum (NASDAQ:LITE) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, ValuEngine reports. Other equities research analysts have also issued research reports about the company. Needham & Company LLC started coverage on Lumentum in a research report on Tuesday, May 26th. […]
- 07/02/2020
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Outlook into the Cell Culture Protein Surface Coating Global Industry to 2025 - Featuring PerkinElmer, Promega & Qiagen Among Others - ResearchAndMarkets.com
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Buy Corning Stock to Ride Strong Demand for Phones and TVs, Analyst Says
- Consumers like stuff with screens. And that bodes well for glassmaker Corning, says Citigroup’s Asiya Merchant.
- 07/01/2020
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Lumentum Holdings Inc (NASDAQ:LITE) Stake Raised by The Manufacturers Life Insurance Company
- The Manufacturers Life Insurance Company grew its holdings in shares of Lumentum Holdings Inc (NASDAQ:LITE) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,366 shares of the technology company’s stock after buying an additional 4,367 shares during […]
- 07/01/2020
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Why not show off your Galaxy S10 with a clear case?
- Show off your Samsung Galaxy S10 while keeping it well protected with a quality clear case!
- 06/30/2020
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Dividend Dirty Dogs: Buyer Beware
- Seventy-three public companies yielding over 3% are unable to cover their dividend with free cash flow. These companies must increase debt, dilute shareholders
- 06/30/2020
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Corning Incorporated (NYSE:GLW) Stock Position Reduced by New Mexico Educational Retirement Board
- New Mexico Educational Retirement Board cut its holdings in Corning Incorporated (NYSE:GLW) by 20.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,406 shares of the electronics maker’s stock after selling 12,150 shares during the quarter. New Mexico Educational Retirement Board’s holdings […]
- 06/29/2020
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Dividend Champion And Contender Highlights: Week Of June 28
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 06/27/2020
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Cell Culture Market 2020-2024 | Increase in Infectious Diseases to Boost Growth | Technavio
- The Global Cell Culture Market 2020-2024 will grow by $ 14.81 bn during 2020-2024
- 06/27/2020
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Lumentum (NASDAQ:LITE) Rating Reiterated by Rosenblatt Securities
- Lumentum (NASDAQ:LITE)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a note issued to investors on Wednesday, TipRanks reports. They currently have a $95.00 price objective on the technology company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 25.63% from the stock’s previous close. Several other equities […]
- 06/26/2020
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Covid vaccines: Fear of glass vial shortage prompts flurry of deals
- The fast-moving hunt for a vaccine has led to worry that even if scientists hit their mark, logisitical hurdles and shortages of basic materials could hinder distribution
- 06/25/2020
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Fear of Vial Shortage for Covid Vaccines Prompts Flurry of Deals - BNN Bloomberg
- Fears that a shortage of glass vials could hinder efforts to quickly deploy a Covid-19 vaccine are prompting a flurry of deals to clinch the in-demand containers.
- 06/25/2020
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Balyasny Asset Management LLC Takes Position in Corning Incorporated (NYSE:GLW)
- Balyasny Asset Management LLC purchased a new stake in shares of Corning Incorporated (NYSE:GLW) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,391 shares of the electronics maker’s stock, valued at approximately $357,000. A number of other hedge funds also recently modified their holdings of the […]
- 06/25/2020
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Impact of COVID-19 on the Global Ultrafiltration Membranes Market to 2025 - ResearchAndMarkets.com
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Cable Assembly Market 2020-2024 | Increasing Demand For EVs to Boost Growth | Technavio
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Cable Assembly Market 2020-2024 | Increasing Demand For EVs to Boost Growth | Technavio
- The Global Cable Assembly Market will grow by USD 65.83 bn during 2020-2024
- 06/23/2020
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Assessment of COVID-19's Effect on Laboratory Glassware and Plasticware Market 2020-2024 | Increasing Adoption of Disposable Plasticware to Augment Growth | Technavio
- The Global Laboratory Glassware and Plasticware Market will grow by USD 843.1 mn during 2020-2024
- 06/22/2020
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Legal & General Group Plc Decreases Stake in Lumentum Holdings Inc (NASDAQ:LITE)
- Legal & General Group Plc decreased its position in Lumentum Holdings Inc (NASDAQ:LITE) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,275 shares of the technology company’s stock after selling 10,205 shares during the period. Legal & General Group Plc owned […]
- 06/21/2020
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The Global Cell Expansion Market is expected to grow from USD 13,177.29 Million in 2019 to USD 28,822.19 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 13.93%
- Market Segmentation & Coverage: This research report categorizes the Cell Expansion to forecast the revenues and analyze the trends in each of the following sub-markets: On the basis of Product, the Cell Expansion Market is studied across Consumables and Instruments.
- 06/19/2020
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Assessment of COVID-19's Effect on Laboratory Mixer Market 2020-2024 | Awareness About Laboratory Equipment to Augment Growth | Technavio
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Assessment of COVID-19's Effect on Laboratory Mixer Market 2020-2024 | Awareness About Laboratory Equipment to Augment Growth | Technavio
- The Global Laboratory Mixer Market will grow by USD 281.24 mn during 2020-2024
- 06/18/2020
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Theresa Boissonneault, devoted mother, grandmother and Red Sox fan, dies of COVID-19
- Mrs. Boissonneault, who was 90, is remembered by her family as a strong, independent and resilient woman who was thrilled when she got to see David Ortiz homer in Game 1 of the 2013 World Series at Fenway Park.
- 06/17/2020
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Coronavirus Vaccine Makers Are Hunting for Vital Equipment: Glass Vials
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Corning Introduces Corning® Matrigel® Matrix-3D Plates: An Enhanced Solution for Consistency in 3D Cell Culture | MarketScreener
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Parametric Portfolio Associates LLC Has $13.16 Million Stock Holdings in Lumentum Holdings Inc (NASDAQ:LITE)
- Parametric Portfolio Associates LLC boosted its stake in Lumentum Holdings Inc (NASDAQ:LITE) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,540 shares of the technology company’s stock after purchasing an additional 18,435 shares during the quarter. Parametric Portfolio Associates LLC […]
- 06/14/2020
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Cable Assembly Market 2020-2024 | Increasing Demand For EVs to Boost Growth | Technavio
- The Global Cable Assembly Market will grow by USD 65.83 bn during 2020-2024
- 06/12/2020
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Telecom Stock Roundup: Ericsson Boosts Presence in China, Corning Taps Funds & More
- While Ericsson (ERIC) strengthens its presence in China with 5G contracts, Corning (GLW) boosts healthcare segment with funds to increase production capacity.
- 06/11/2020
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(DAS) Distributed Antenna System Market to Accrue Major Gains from Small Cells Segment Till 2026
- Jun 11, 2020 (Market Insight Reports) --
Selbyville, Delaware – Global Market Insights Inc. announces an ongoing comprehensive report on the "(DAS)...
- 06/11/2020
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Corning Secures Federal Funds to Boost Glass Vial Capacity
- In addition to corporate social responsibilities, the federal funds are likely to help Corning (GLW) strengthen its position as a leading packaging provider in the healthcare segment.
- 06/10/2020
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Lumentum Holdings Inc (NASDAQ:LITE) Shares Sold by Victory Capital Management Inc.
- Victory Capital Management Inc. trimmed its position in shares of Lumentum Holdings Inc (NASDAQ:LITE) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 825,182 shares of the technology company’s stock after selling 17,820 shares during the period. Victory Capital Management Inc. owned […]
- 06/10/2020
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JPMorgan Chase & Co. Has $12.03 Million Position in Corning Incorporated (NYSE:GLW)
- JPMorgan Chase & Co. reduced its holdings in Corning Incorporated (NYSE:GLW) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 585,600 shares of the electronics maker’s stock after selling 25,358 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of […]
- 06/10/2020
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Coronavirus latest: Tuesday, June 9
- Since states have reopened, the George Floyd protests have sparked worries about a spike in cases for coronavirus while a number of pharmaceutical companies work toward a vaccine or treatment. Yahoo Finance’s Anjalee Khemlani breaks down the latest news on the coronavirus.
- 06/09/2020
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LTE And 5G Broadcast Market To See Huge Growth Cisco, Corning Incorporated, Ciena Corporation, Comcast, CommScope, Teleste Corporation, Telstra, PCT International Inc. and More
- Jun 09, 2020 (CDN Newswire via Comtex) --
Data Bridge Market Research provides research study on "Hybrid Fiber Coaxial Market" reports. Market players can...
- 06/09/2020
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Corning wins U.S. funding to boost glass vial manufacturing for COVID-19 therapies
- June 9 (Reuters) - Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost the manufacturing capacity of its glass vials after the company was selected as a packaging provider for COVID-19 vaccines and treatments.
- 06/09/2020
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U.S. Departments of Defense, Health & Human Services select Corning Valor® Glass packaging to accelerate delivery of COVID-19 vaccines
- Corning Incorporated (GLW) today announced it will receive $204 million from the Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services through its partnership with the Department of Defense’s Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense and Army Contracting Command. Under the agreement, Corning will substantially expand its domestic manufacturing capacity of Corning Valor® Glass vials to support the vaccination and treatment of billions of patients.
- 06/09/2020
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Corning wins U.S. funding for glass vials output for COVID-19 vaccines
- Corning wins U.S. funding for glass vials output for COVID-19 vaccines
- 06/09/2020
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Hedge Funds Cashing Out Of Corning Incorporated (GLW)?
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
- 06/08/2020
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Hedge Funds Cashing Out Of Corning Incorporated (GLW)?
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
- 06/07/2020
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Distributed Antenna Systems (DAS) Market 2020 Industry Size, Share, Growth Factors, Top Leaders, Development Strategy, Future Trends, Historical Analysis, Competitive Landscape and Regional Forecast 2025 | COVID-19 Impact on Industry
- Jun 02, 2020 (The Expresswire) --
Global "Distributed Antenna Systems (DAS) Market" 2020 research report includes an outline of the business with industrial...
- 06/02/2020
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Leadership Quadrant of Flat Glass Suppliers - 2019 - ResearchAndMarkets.com
- The "Leadership Quadrant of Flat Glass Suppliers - 2019" report has been added to ResearchAndMarkets.com's offering. The flat glass manufacture landscape is...
- 06/01/2020
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Leadership Quadrant of Flat Glass Suppliers - 2019 - ResearchAndMarkets.com
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Pfizer ties up with glass maker Corning for vial supply
- U.S. drugmaker Pfizer Inc has signed a long-term agreement with glass maker Corning Inc to procure vials for storing drugs, the companies said on Thursday. Pfizer said the glass vials will be used for some of its existing sterile injectable medicines and that they were also being assessed for storing a range of new products. Pfizer, like rivals Merck & Co and AstraZeneca , is racing to develop a vaccine for the illness which does not yet have an approved vaccine or treatment.
- 05/28/2020
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Corning and Pfizer Announce Supply Agreement for Corning Valor® Glass Packaging
- The multiyear agreement provides for the supply of Valor Glass vials to a portion of currently marketed Pfizer drug products, pending regulatory approval. Since first launching its collaboration with Corning, Pfizer has continued to evaluate Valor Glass’ performance across several aseptic sites, utilizing multiple vial sizes, with a broad range of drug products from Pfizer’s sterile injectables portfolio. During this time, Valor Glass was accepted into and provisionally evaluated under the Food and Drug Administration’s (FDA) Emerging Technology Program.
- 05/28/2020
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Weakening of Foreign Currencies Opens Up Hedging Options
- Companies are seeing a hedging opportunity as several currencies have weakened against the U.S. dollar over the past few months.
- 05/28/2020
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COVID-19 Impact: A Mix of Challenges and Opportunities | Cable Assembly Market 2020-2024 | Increasing Demand for EVs to Boost Growth | Technavio
- The cable assembly market size will grow by $65.83 billion during 2020-2024
- 05/27/2020
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Dividend Changes: May 16-22, 2020
- This weekly article series covers dividend increases, cuts, and suspensions. A summary table provides relevant data and key statistics of dividend increases. We
- 05/26/2020
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Dividend Champion And Contender Highlights: Week Of May 24
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 05/23/2020
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Corning Incorporated (GLW) Stock Analysis - ValueWalk
- Corning Incorporated (NYSE:GLW) is a picks and shovels business for the 5G trend, the autonomous driving trend with more screens in the car
- 05/22/2020
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Worldwide Geopolymer Market (2020 to 2028) - Impact of COVID-19 - ResearchAndMarkets.com
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Coronavirus update: Global case tally at 4.9 million as Trump considers travel ban on Brazil after big jump in death toll
- The number of global cases of the coronavirus that causes COVID-19 rose to 4.9 million on Wednesday and Brazil suffered its worst fatalities since the start of the outbreak, prompting President Donald Trump to say he may bar entry to flights from Brazil.
- 05/20/2020
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Lumentum Now A Better Bet Than Tesla (NASDAQ:LITE)
- Like the spaghetti sauce, for Tesla future prices are already “in there”. Lumentum Holdings, aka LITE, sports a current price down 27% from the year’s prior hig
- 05/20/2020
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Corning to cut executive and other worker pay during pandemic in return for equity
- Corning Inc. said Wednesday its chief executive will take a 40% cut in base salary as the specialty glass company moves to combat the effect of the coronavirus pandemic. The company's named executive officers salaries will be reduced by 30%, while the cash compensation of its non-employee directors will be cut by 40%, Corning said in a regulatory filing. "Additionally, the company is taking action to reduce the salaries, from 5% to 30%, for all other salaried employees in the United States from June 1, 2020 through December 31, 2020," said the filing. Similar actions will be taken outside the U.S., based on local regulations and mutual consent requirements. The company will issue equity to its employees in the form of restricted stock units and stock options in an amount equal to the salary cut. Shares were up 0.5% premarket, but are down 28% in the year to date, while the S&P; 500 has fallen 10%.
- 05/20/2020
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Global Exhaust Systems Sector Overview & Forecast: Data on Top 14 Markets - ResearchAndMarkets.com
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Cushman & Wakefield Arranges $58.5M Sale of Class A Office Asset in Charlotte, N.C.
- Cushman & Wakefield has arranged the $58.5 million sale of Corning Optical Communications’ headquarters, a newly constructed, Class A office building.
- 05/14/2020
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How New York Explains the Other 49 States
- Governor Andrew Cuomo’s lockdown has divided the Empire State.
- 05/12/2020
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Apple awards $10 million to nasal swab maker COPAN Diagnostics to help boost factory output
- Apple Inc said on Thursday that it was awarding $10 million to a maker of nasal swabs and other materials for collecting samples for Covid-19 tests in a move aimed at boosting the swab maker's production to 1 million collection kits per week by early July.
- 05/07/2020
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Apple awards $10 million from Advanced Manufacturing Fund to COPAN Diagnostics
- Apple awards $10 million from Advanced Manufacturing Fund to COPAN Diagnostics | STL.News | Read business news at STL.News.
- 05/07/2020
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Apple Awards $10 Million from Advanced Manufacturing Fund to COPAN Diagnostics
- Apple® today announced it is awarding $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a market leader in sample collection kits
- 05/07/2020
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Data Center Structured Cabling Market present market value from USD 1.58 billion to USD 2.97 billion by 2023
- May 04, 2020 (AmericaNewsHour) --
Global Data Center Structured Cabling Market Information: Wire Category (Category 5E, Category 6, Category 6A, Category 7,...
- 05/05/2020
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Laser Technology Market, industry Size, Market Share, Leading Players and Forecast to 2023 , Influence of COVID-19
- May 03, 2020 (AmericaNewsHour) --
Global Laser Technology Market Research Report, By Type (Solid Laser, Liquid Laser,), Application (Laser Processing, Laser...
- 05/03/2020
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Global Rotary Screen Printing Machine Market 2020 Overview, Manufacturing Analysis, Segmentation, Development Status and Forecast to 2025
- May 02, 2020 (CDN Newswire via Comtex) --
Global Rotary Screen Printing Machine Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025...
- 05/02/2020
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Global Screen Printing Equipment Market 2020 Overview, Manufacturing Analysis, Segmentation, Development Status and Forecast to 2025
- May 02, 2020 (CDN Newswire via Comtex) --
MarketsandResearch.biz has released a recent industry research report titled Global Screen Printing Equipment...
- 05/02/2020
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Correction - Corning Announces Quarterly Dividend
- In a release issued under the same headline earlier today by Corning Incorporated (GLW), please note that the dateline for the release was incorrectly noted, due to a system error. Corning Incorporated’s (GLW) Board of Directors on April 30, 2020 declared a quarterly dividend of $0.22 per share on the
- 05/01/2020
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Correction - Corning Announces Quarterly Dividend
- CORNING, NY, May 01, 2020 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Corning Incorporated (NYSE: GLW), please note...
- 05/01/2020
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Commerzbank Aktiengesellschaft FI Sells 58,304 Shares of Corning Incorporated (NYSE:GLW)
- Commerzbank Aktiengesellschaft FI decreased its stake in shares of Corning Incorporated (NYSE:GLW) by 46.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 66,229 shares of the electronics maker’s stock after selling 58,304 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Corning were worth $1,360,000 at the end of the most recent quarter. […]
- 05/01/2020
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Telecom Sector Q1 Earnings Performance a Mixed Bag So Far
- Telecom firms have relentlessly provided the vital lifeline to countless humans as virtual communication has replaced in-person exchanges with social distancing and the work-from-home option in vogue.
- 05/01/2020
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Corning Announces Quarterly Dividend
- Corning Incorporated’s (GLW) Board of Directors today declared a quarterly dividend of $0.22 per share on the company’s common stock. This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially.
- 05/01/2020
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