Core 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]

Corning Incorporated (NYSE:GLW) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 13, BofA Securities increased its price target on Corning Incorporated (NYSE:GLW) from $95 to $110 and maintained its Buy rating on the stock ahead of the company’s Q4 earnings report scheduled for January 28. BofA Securities expects Corning Incorporated (NYSE:GLW) to deliver results in line with expectations for the quarter. Looking ahead to fiscal 2026, the research firm believes that the c ...