Professional
Added to YB: 2026-09-15
Pitch date: 2026-07-10
GLW [bullish]
Corning Incorporated
-22.33%
current return
Author Info
Reaves Asset Management is an independently owned company with decades of experience investing in publicly listed infrastructure equities. Visit the website.
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
$143.3B
Pitch Price
$184.88
Price Target
N/A
Dividend
0.67%
EV/EBITDA
35.01
P/E
76.76
EV/Sales
8.89
Sector
Electronic Equipment, Instruments and Components
Category
growth
Reaves Asset Management Portfolio Holding: Corning Incorporated
GLW (hold): Corning shares doubled during the quarter after management again raised its multi-year outlook at investor day. Global competitors added support by citing robust fiber-optic demand and pricing, while the CFO floated a potential South Korean production facility for semiconductor-packaging glass substrates — a product line that appeared incremental to the investor-day forecasts and further fueled investor enthusiasm.
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