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Will Modest Revenue Growth Improve Corning's (GLW) Q2 Earnings?
ZACKS· 2024-07-24 01:00
Corning Incorporated (GLW) is set to report its second-quarter 2024 results on Jul 30, before the opening bell. It delivered a trailing four-quarter earnings surprise of 0.22% on average. In the last reported quarter, the company reported an earnings surprise of 5.56%.The advanced glass substrates producer is likely to witness revenue growth year over year, owing to healthy demand in multiple verticals, including mobile consumer electronics, generative AI applications, automotive and more. A strong emphasis ...
Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-23 23:07
The market expects Corning (GLW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better t ...
1 Under-the-Radar Artificial Intelligence (AI) Stock Most Investors Might Be Overlooking
The Motley Fool· 2024-07-11 18:00
Opportunities in the artificial intelligence (AI) space are expanding beyond popular stocks like Nvidia.Artificial intelligence (AI) is the dominant theme in the stock market. Many investors are focused on a narrow group of leading AI stocks, like Nvidia, Microsoft, and Amazon. However, they might be overlooking great opportunities at the smaller end of the market.Corning (GLW 1.81%) is a technology company that manufactures components for consumer electronics, medical equipment, data centers, and more. Wit ...
Corning: Why It Was The S&P 500's Top Performing Stock Last Week
Seeking Alpha· 2024-07-11 11:11
ViewApartMy last article on Corning (NYSE:GLW), entitled, “Corning: The 500 Pound Gorilla Glass Stock” appeared on iREIT on the 9th of January. GLW was trading for $30.59 when that piece debuted. I rated Corning as a Buy, and since then, the share price has increased by roughly 46%, well above the 17% gain posted by the S&P 500. Of course, it didn’t hurt that Corning was the S&P’s best performer last week after posting a 17.5% gain over a five-day period. The jump in share price followed management’s an ...
AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come
MarketBeat· 2024-07-10 23:24
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. At a time when investors are focused on finding anything artificial intelligence (AI) related, funnily enough, that's exactly what Corning's got going on. Corning TodayGLWCorning$45.09 +0.42 (+0.94%) 52-Week Range$25.26▼$45.34Divid ...
Watch These Corning Price Levels as Stock Rallies On Optimism About AI Demand
Investopedia· 2024-07-10 19:46
Key TakeawaysCorning shares have surged 16% in the past two trading sessions to a three-year high after the specialty glass maker boosted its outlook due to increasing demand for its optical connectivity products used in generative AI applications.The rally has occurred on the largest weekly trading volume since February 2018, indicating strong conviction behind the move.Given the stock’s impulsive move higher, the price may see an imminent retest of its April 2021 high at $46.82.During periods of profit ta ...
Should You Pick Corning Stock After 40% Gains This Year Amid AI Boost?
Forbes· 2024-07-10 19:00
UKRAINE - 2021/10/09: In this photo illustration Corning Incorporated logo seen displayed on a ... [+] smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCorning 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 a ...
Corning: AI Sales Taking Shape
Seeking Alpha· 2024-07-10 03:38
mesh cube It is a brave new world for Corning Incorporated (NYSE:GLW). Last time, we reported our positive view of the company's longer-term growth outlook thanks to Hemlock and its Optical business. This was based on AI demand with higher data center fiber needs. In addition, the company provided a supportive Q2 outlook with limited guidance visibility ahead. This raised short-term concerns in our team; however, we emphasize the company's capital allocation priorities and a buy rating based on an earni ...
What To Do After Corning Shares Rallied
Seeking Alpha· 2024-07-10 00:30
BlackJack3D For over three years, Corning (NYSE:GLW) traded in a trading range of around $30 to below $37. Up until yesterday, GLW stock failed to trade above $40. Sentiment abruptly turned positive when the company, which specializes in material sciences, raised its outlook. In the company’s “About Us” page, CEO Wendell Weeks describes the company as one that produces continual life-changing inventions. The technology firm specializes in specialty glass, ceramics, and advanced optics. Corning is a bene ...
Corning (GLW) Raises Q2 Sales Forecast on Solid Demand
ZACKS· 2024-07-09 23:01
Shares of Corning Incorporated (GLW) were trading near their 52-week high after management revised its second-quarter earnings outlook on Monday. The company expects second-quarter core sales to exceed its previous guidance when it officially releases the quarterly results at the end of this month.Management now expects second-quarter core sales of approximately $3.6 billion, indicating a 6% increase from its prior forecast of around $3.4 billion. Core earnings per share (EPS) are expected to be at the high ...