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 ...

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. This allows them to take market share from competitors and deliver strong financial results.Wall Street analysts who cover specific economic sectors and their competing stocks might notice the dominance of a particular company. However, retail investors often miss out. Lack of media coverage and attention to certain stocks a ...

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 ...

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 ...

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.Management said sales for the current quarter will be $3.6 billion, up from a previous estimate of $3.4 billion, with earnings at the high range of between 42-46 cents per share.GLW stock was due to open this morning at $43.44 per share, a market capitalization of $37 billion on expected sales of $12.4 billion. The company will ...

Corning (GLW) shares ended the last trading session 12% higher at $43.05. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.The uptrend in share prices can be primarily attributable to the bullish preliminary results for the second quarter of 2024. Management currently expects second-quarter revenues to be about $3.6 billion, exceeding its earlier guidance of $3.4 billion. The impro ...

Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020.The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical connectivity products that power networks that run generative artificial intelligence."We've invented new fibers, new cables, new connectors and new custom integrated optical solutions to dramatically reduce ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Loading...Loading...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.What Happened: Thursday on CNBC’s “Fast Money Halftime Report,” Brown made the case for buying Corning Inc GLW shares at current levels, suggesting that the stock is being criminally overlooked as an AI play.“You absolutely cannot do GPUs, cannot do data center buildouts without glass,” Brown said. Corning is a materials company fo ...

Vertigo3d It pays to buy into quality companies that have been misunderstood by the market due to temporary headwinds. This gives smart value investors the opportunity to layer into these stocks before the market catches onto a rebound. Such opportunities debunk the efficient market theory, in which assets are always appropriately priced. Rather than being efficient, I'd remark that the market is so focused on short-term results that it often misses the forest for the trees. Such appears to have been the ca ...