Professional
Added to YB: 2024-07-26
Pitch date: 2024-07-19
GLW [bullish]
Corning Incorporated
+201.19%
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
$112.0B
Pitch Price
$43.16
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
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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