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GLW
Corning Inc. - NYSE

7/10/2014, 4:52 AM ET
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  • Corning Will Continue To Grow
    IAEResearch Thu, Jul. 3 7 Comments

    Summary

    • The growth in the specialty materials segment is expected to be strong over the next few quarters.
    • The Display Technologies Segment will continue to show stable growth as the demand for LCDs will remain stable in the near future.
    • The company might not take a big hit if Apple opts for Sapphire instead of Gorilla Glass for its new handsets.
  • Will Sapphire Make Corning's Gorilla Glass History?
    Anup Singh Mon, Jun. 30 32 Comments

    Summary

    • Use of sapphire in the Apple iPhone is almost confirmed, and this is bad news for Corning.
    • Apple partner GT Advanced Technologies is improving sapphire technology, reducing Corning's chances of retaining its iPhone spot.
    • Even Samsung is now looking at sapphire, indicating that the Corning's Gorilla Glass might eventually lose traction.
    • Corning is already seeing some weakness in the business, with profit declining in the previous quarter.
  • Goldman Sachs Picks Corning: Would You?
    Shiv Kapoor Fri, Jun. 27 5 Comments

    Summary

    • Corning was one of fifteen stocks appearing on Goldman Sachs recently published buy list.
    • The stock as priced offers negative growth alpha of 53 basis points, which translates to 12% downside to my estimate of fair value.
    • At present investors can expect a total long-term return of 10.8% from the stock.
  • Revisiting Corning: Is There Still Room To Run?
    Joseph Harry Wed, Jun. 25 6 Comments

    Summary

    • Shares of Corning have accelerated upward at a rapid pace.
    • The run-up is warranted, given the company's financial performance.
    • The company exhibits strong financial health.
    • The growth story will likely continue, but valuations appear stretched.
    • Holding shares appears to be the best course of action.
  • Corning Should Continue Its Rise
    Equities Lab Wed, Jun. 25 8 Comments

    Summary

    • GLW is giving investors many reasons to buy such as it passing our Free Cash Flow Leaders strategy along with other fundamental green flags.
    • Insider selling and a high price to sales are reasons for caution but a below average PE and Price to Book should help negate the risk.
    • Overall GLW should continue to rise, just not as fast as it has over the past year.
  • Ignore The Sapphire Threat, Corning Is On A Roll
    Renu Singh Wed, May. 21 28 Comments

    Summary

    • Corning is making good advancements in improving its earnings by focusing on cost control and synergies from its CPM acquisition.
    • Corning's earnings are expected to grow at a robust pace over the next five years, which makes it a good buy at its current valuation.
    • GT Advanced Technologies' sapphire display is a threat, as it could replace the Gorilla Glass in Apple iPhone, but investors shouldn't be overly concerned right now.
  • Demand For Higher-Generation Glass Substrates Will Drive Corning's Display Volumes
    Trefis Tue, May. 20 1 Comment

    Summary

    • Since 2011, declining LCD prices for Corning have taken a toll on the segment's revenues, which dropped to $2.54 billion in 2013.
    • In coming years, Corning will benefit from the growing demand for higher-Generation (larger-sized) glass substrates from device manufacturers.
    • Additionally, demand for LCD TVs, PC monitors, mobiles and tablets, especially with larger screen sizes, will continue to drive display volumes at Corning.
  • Corning Bouncing Back From Higher Operating Expenses
    Michael J. Bernard Wed, Apr. 30 7 Comments

    Summary

    • Core (non-GAAP) sales in the Display Technologies segment increased 58% from the year-ago period, resulting primarily from the recent consolidation of Corning Precision Materials Co., Ltd.
    • Core (non-GAAP) earnings per share were $0.31 per share, an increase of 7% over the first quarter last year and better than expected.
    • Core (non-GAAP) sales grew to $2.4 billion, a 32% increase on a year-over-year basis.
  • Why Corning's Stock Is Still A Long-Term Investment Opportunity Right Now
    Arie Goren Tue, Apr. 29 9 Comments

    Summary

    • GLW is a rare combination of good value and a strong growth dividend stock.
    • GLW has beaten EPS expectations in the last four quarters.
    • Although GLW stock price has risen 17.7% since the beginning of the year, it is still an excellent buy right now.
  • Corning Glass Can Prosper With Or Without Apple
    Alcaraz Research Mon, Apr. 28 9 Comments

    Summary

    • The loss of the iPhone 6 business will not kill Corning’s Gorilla Glass business. There are more applications for this product to prosper even without Apple’s money.
    • Corning has more revenue streams that can offset Apple’s defection to sapphire glass.
    • Great fundamentals and strong demand for flat panel displays makes Corning a high-quality long-term value bet.
  • Is Corning A Buy Going Into Earnings?
    Renu Singh Thu, Apr. 24 9 Comments

    Summary

    • Corning’s revenue is expected to rise at a rapid rate when it releases results, but earnings are expected to remain flat.
    • Corning is working on cost-reduction moves to improve the bottom line, and the earnings forecast for the next five years is also strong.
    • A potential concern for Corning is the foray of GT Advanced Technologies’ sapphire technology into Apple’s upcoming iPhones.
  • Why You Should Stay Away From Corning
    Mitu Anand Tue, Apr. 15 29 Comments

    Summary

    • A decline in prices for LCDs will pressure Corning’s earnings going forward.
    • The increasing activity of Apple with regard to sapphire display is a threat for Corning.
    • Corning is trying to put up a brave face by focusing on its other operations, but its earnings growth could slow down due to the various threats it faces.
  • More Glass, More Cash: Corning
    Max Koffler Fri, Apr. 11 12 Comments

    Summary

    • Corning, the manufacturer of Gorilla Glass, dominates the smartphone market.
    • As smartphone screens consistently grow larger, the demand for and usage of Gorilla Glass will grow too.
    • Sapphire remains a potential but very unlikely immediate threat.
  • Corning: The Future Looks Bright
    Gemstone Equity Research Tue, Apr. 8 1 Comment

    Summary

    • Corning Inc. was upgraded by Susquehanna International Group from “neutral” to “positive”.
    • The company is putting efforts into availing itself of vast opportunities from the touchscreen products and automobile industry for its gorilla glass.
    • The transfer of gorilla glass manufacturing from Japan to Korea will prove cost-beneficial and further support the company’s bottom-line and competitive position.
    • The stock is undervalued based on its P/E ratio and is expected to earn EPS of $1.44 in FY 2014 up from $1.34 earned in FY 2013.
  • Keys To Understanding Corning - Innovation And Overcapacity
    Nelson Alves Tue, Apr. 8 5 Comments

    Summary

    • One of Corning's core competences is innovation.
    • The company innovates in order to maintain an edge in an otherwise commoditized market.
    • The company operates in partially commoditized markets and with periods of oversupply, which creates profitability cycles.
    • The investor should take advantage of those cycles to invest in the company.
  • Corning - Soon It Will Be The Right Time To Unleash The Bulls
    Alpha Strategist Mon, Apr. 7 10 Comments

    Summary

    • There is a lot of hype about Apple dumping Corning’s Gorilla glass for GT Advanced Technologies’ Sapphire glass in a number of its devices.
    • Corning has come up with the world’s first antimicrobial cover glass, Gorilla Glass NBT, while Gorilla glass’ utility is also being realized in the automotive industry.
    • The company is collaborating with Amtel Corporation to develop ultra-thin capacitive touchscreens with superior multi-touch performance for the next-generation applications.
    • In a struggle to explore other markets, Corning has recently gotten into an agreement with Snapcab Elevator Interior Systems, enabling the company to enter interior architecture industry.
  • 3 Compelling Reasons Why You Should Dump Corning
    Ayush Singh Wed, Mar. 19 51 Comments

    Summary

    • Dipping LCD prices will hurt Corning’s future margins.
    • GT Advanced Technologies’ sapphire display is a massive threat.
    • Making vague claims against sapphire display indicates that the company is nervous.
    • Many reputed sources believe Apple’s iPhone 6 will come with a sapphire display, which can be a major blow for Corning.
  • Corning: A Perfect Case Study On When To Sell
    Jeffrey Dow Jones Thu, Mar. 13 76 Comments

    Summary

    • Corning is no longer the irrationally-cheap business it was in 2013.
    • Competitive headwinds have increased in the last year.
    • For value & income investors, there is virtually 0% upside with 10-15% downside over the near term.
    • If you do want to stay long the stock, consider adding a yield enhancement strategy.
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Company Description

Corning Inc is a provider of high-performance glass for LCD televisions, computer monitors, and other information display applications; optical fiber and cable and hardware and equipment products.