Added to YB: 2024-06-24
Pitch date: 2024-06-17
GLW [bullish]
Corning Incorporated
+243.98%
current return
Author Info
No bio for this author
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
$112.0B
Pitch Price
$37.79
Price Target
N/A
Dividend
0.86%
EV/EBITDA
30.89
P/E
71.32
EV/Sales
7.70
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
Corning ($GLW) thesis from Barron's article
GLW: Sees $3B+ incremental rev in 3yrs w/ strong margins from existing capacity. Tailwinds: auto growth, non-AI fiber rebound, $42.5B gov broadband program, 10x fiber demand for AI servers. Trades at 2.3x '24 sales, 20x adj EPS. Glass is crucial for AI data centers & chips.
Read full article (2 min)