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Corning chairman and CEO Wendell Weeks joins 'Squawk Box' to discuss updates to the company's 'Springboard' plan, new Q1 guidance, impact of generative AI and infrastructure buildout, the company's solar division, and more.
Corning's drop in price presents a great buying opportunity for value and growth investors. Its strong growth in optical communications, driven by AI and data center demand, supports its robust fundamentals and future potential. Strategic partnerships with Lumen Technologies and AT&T bolster Corning's position in expanding fiber infrastructure, enhancing its growth trajectory.
Technology company Corning has struck a deal with U.S. solar manufacturers Suniva and Heliene to produce what will be the only solar panel composed of all American-made components, the companies said on Thursday.
CORNING, N.Y. & NORCROSS, Ga. & MOUNTAIN IRON, Minn.--(BUSINESS WIRE)--Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells, and Heliene Inc., a leading U.S. solar PV module manufacturer, today announced a landmark deal with Corning Incorporated (NYSE: GLW) to provide the U.S. domestic market with the only solar module made with polysilicon, wafers and cells manufactured in the United States. Corning is supplying the wafers and, as the majority.
Corning (GLW) reported earnings 30 days ago. What's next for the stock?
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agreement to acquire the wireless business of Corning Incorporated (NYSE:GLW). The transaction is subject to regulatory approval and is expected to close in Q1 2025. Corning's wireless business includes its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access n.
Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and AUDC are well-positioned to make the most of the demand for seamless connectivity solutions.
Tapestry, RTX, Cintas, Broadcom and Corning promise growth for investors.
GLW is likely to benefit from improved demand and commercialization of its innovations and appears to be a solid investment option at the moment.
David Tepper's hedge fund, Appaloosa LP , filed its Q4 2024 13F holdings report recently.