Corning Stock News

After the European Union opened a competition investigation into Corning earlier this month, citing concerns over alleged exclusive dealing, the Gorilla Glass maker has offered a raft of changes to its contract clauses aimed at settling the probe.

The European Commission on Monday said U.S. maker of break resisting glass Corning had offered to waive all exclusive deals with mobile phone manufactures to address concerns over possible anticompetitive behaviour.

Der Spezialglas-Hersteller Corning US2193501051 hat nach EU-Vorwürfen zu möglicher Wettbewerbsverzerrung Zugeständnisse angeboten.

On Wednesday, the European Union opened an investigation of U.S. manufacturer Corning over possible anti-competitive practices. Corning may not be a name that's super familiar to the average tech consumer, but you are almost certainly within touching distance of its products as its a leading supplier of speciality toughened glass for mobile devices, including Apple's iPhone.

Corning Incorporated's price has rallied over the past year, since my last bullish take on the stock. GLW recently reported robust Q3 results, and is seeing strong momentum around AI and data center-fueled demand from leading telcos. Corning is also supported by a respectable dividend yield, a strong balance sheet, and it fits the profile of growth at a reasonable price.

Corning reported strong Q3 results, beating on top and bottom lines. 8% revenue growth, 20% income expansion in Q3 and a projected sales growth of 15% and income increase of 40% in Q4 mean Corning enters a period of substantial growth. GLW remains a solid long-term investment.

Corning's strong Q3 performance and bullish outlook suggest GLW stock may trade higher, attracting long-term investors. Corning's Optical Communications unit benefits from new optical-connectivity products for generative AI, with potential growth from agreements with AT&T and Lumen Technologies. Corning expects operating margins to top 20% by 2026, driven by strong gross margins, cash flow, and...

Corning's recently published third-quarter results arrived with plenty for investors to be excited about.