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Corning (GLW) reported earnings 30 days ago. What's next for the stock?
Corning (GLW) appears to be treading in the middle of the road, and investors could be better off if they trade with caution.
Mizuho analyst John Roberts upgraded shares to Outperform from Neutral.
Corning stock returned 35% to investors since January, outperforming the market. GLW's latest earnings report was robust, but the valuation appears overpriced. Corning's exposure to 5G, data centers, and clean energy markets is promising, but stock is overvalued and downgraded to "Hold".
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.
ATLANTA--(BUSINESS WIRE)-- #biotechnews--Axion BioSystems today announced an agreement with Corning Incorporated (NYSE: GLW) that continues Corning's exclusive worldwide distribution rights for the Corning® Cell Counter. The simple yet powerful device, developed by Axion BioSystems and distributed by Corning, was recently included in the SelectScience® top 10 list of remarkable products advancing life science research. The agreement extends the successful collaboration between Corning and Axion BioSystems to.
Corning (NYSE: GLW) recently reported its Q2 results, with revenues and earnings aligning with the street estimates. The company reported core revenue of 3.6 billion and adjusted earnings of $0.47 per share, driven by strong demand for its optical connectivity products for generative AI.
Q2 earnings matched estimates on modest growth in enterprise sales. Fiber sales are up on the need for faster AI.
Shares of Corning (GLW), a beneficiary of the artificial intelligence (AI) boom, tumbled Tuesday after the specialty glass maker's second-quarter results and current-quarter guidance missed analysts' expectations.
Corning (GLW) shares fall on weak guidance. PayPal (PYPL) is trading higher on a beat and raise second quarter.