Professional
Added to YB: 2026-04-29
Pitch date: 2026-04-24
GLW [neutral]
Corning Incorporated
-13.19%
current return
Author Info
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Company Info
Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally.
Market Cap
$144.3B
Pitch Price
$176.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
36.85
P/E
80.72
EV/Sales
9.32
Sector
Electronic Equipment, Instruments and Components
Category
growth
O'Keefe Stevens Advisory Portfolio Holding: Corning Incorporated
GLW (holding update): Q4 core EPS $0.72 (+26% YoY), FY FCF nearly doubled vs 2023. Meta deal worth up to $6B for AI data center fiber. Springboard target raised to $11B annualized sales by end-2028 (from $8B), $5.75B high confidence by end-2026. Stock jumped 16% on news, now trades mid-60s P/E vs ~36x at $80. Execution strong but valuation stretched for capital-intensive mfg biz with lower ROIC vs capital-light peers.
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