Professional
Added to YB: 2024-07-26
Pitch date: 2024-07-19
GLW [bullish]
Corning Incorporated
+104.64%
current return
Author Info
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Company Info
Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses.
Market Cap
$82.3B
Pitch Price
$43.16
Price Target
N/A
Dividend
1.17%
EV/EBITDA
24.95
P/E
61.56
EV/Sales
6.05
Sector
Electronic Equipment, Instruments and Components
Category
growth
O'Keefe Stevens Advisory Portfolio Holding: Corning Incorporated
GLW: Q2 outperformance in optical products for AI. $3B excess capacity 'springboard' plan signals growth potential. Consistent underperformer despite tech edge. Mgmt expects op leverage & margin expansion as conditions normalize. $3B incremental sales could yield $900M+ EBITDA. EPS growth anticipated.
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