felixR Investment thesis Because of its new Springboard plan and optical connectivity products for generative AI, Corning Incorporated (NYSE:GLW) is returning to profitable growth. If it makes good on its potential, the company will produce mid-teens earnings growth this year and annually for the next four years. That would be welcomed by investors who have watched EBITDA and net income fall over the past two years. I have a one-year price target that is 15.65% higher than the current price and rate Cor ...

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. Mr. German joined Corning Natural Gas Corporation in 2006 and has been a cornerstone of the company's growth and resilience. In 2011, under his leadership, Leatherstocking Gas Company was formed, the newest utilit ...

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. Welcome to Day 2 of our Global TMT Conference. Very thrilled to have Ed Schlesinger. He's the CFO of Corning. We also have members of the Investor Relations team here in the audience. Of course, this sessio ...

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. Welcome to Day 2 of our Global TMT Conference. Very thrilled to have Ed Schlesinger. He's the CFO of Corning. We also have members of the Investor Relations team here in the audience. Of course, this sessio ...

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A month has gone by since the last earnings report for Corning (GLW) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Corning due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Corning Surpasses Q2 Earnings Estimate on Higher RevenuesCor ...

Buoyed by a holistic growth model, Corning Incorporated (GLW) is currently trading in the vicinity of its last 52-week high. The stock is currently trading at $41.94, close to its 52-week high of $46.39. The stock has gained 29.4% over the past six months compared with the industry’s growth of 28.2%, outperforming peers like Altice USA, Inc. (ATUS) but lagging Arista Networks, Inc. (ANET) .Corning is likely to benefit from improved demand and commercialization of its innovations. Its capabilities are becomi ...

Key TakeawaysCorning shares rose Wednesday as Mizuho analysts upgraded the stock, highlighted growth in the company's business driven by data centers, amid surging demand for artificial intelligence. A recent slip in stock's price creates an "attractive entry point" to the stock, the analysts said.Mizuho analysts said the recent pullback likely had more to do with last month's rotation out of tech stocks, as they have seen "no overall slowdown" in Corning's core business. Corning's (GLW) stock price rose We ...

Alan_Lagadu/E+ via Getty Images Investment thesis My previous bullish thesis about Corning (NYSE:GLW) aged well, as the stock returned around 35% to investors since January, substantially outperforming the broader U.S. market. My valuation analysis suggests that GLW became notably overvalued after the strong rally of 2024. On the other hand, I consider the latest earnings report as robust and secular trends are quite positive for Corning. All in all, I think that strong optimism is already priced in and ...

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. Additionally, the concentration of selling in the tech sector is another reason why many newer and beginning investors (many of whom are heavy in the tech and AI names) feel like we’ve been through a bear market when the S&P 500 hasn’t even officially entered a correction (a 10% decline) just yet.Only time will tell if the past week of relief gains is the start ...