Financial Modeling Prep·2026-01-27 23:13Core Insights - Corning Incorporated is a leading innovator in materials science, particularly known for its contributions to the telecommunications industry through fiber-optic technology [1] - The company has a significant multiyear fiber-optic supply deal with Meta Platforms, valued at up to $6 billion, which is expected to enhance its growth prospects [2][4] Stock Performance - Corning's stock surged by 16.7% to a record high of $110.80 following the announcement of the Meta deal, marking its best daily percentage gain since April 2004 [3] - Over the past year, Corning's stock has risen by 122.7%, with the current price at $110.77 reflecting a substantial increase of 16.66% [5] - The stock has fluctuated between a low of $100.97 and a high of $113.99, with a market capitalization of approximately $94.97 billion [5] Strategic Developments - The partnership with Meta involves supplying next-generation optical fiber, cable, and connectivity hardware, prompting Corning to increase manufacturing capacity at its North Carolina facilities [4]