Corning Stock News

Amid the AI boom, data centers are sending and receiving so much data that they are embarking on “the largest expansion of the internet in our lifetime,” Lumen Technologies (NYSE: LUMN ) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing.

ATLANTA--(BUSINESS WIRE)-- #biotechnews--Axion BioSystems today announced an agreement with Corning Incorporated (NYSE: GLW) that continues Corning's exclusive worldwide distribution rights for the Corning® Cell Counter. The simple yet powerful device, developed by Axion BioSystems and distributed by Corning, was recently included in the SelectScience® top 10 list of remarkable products advanci...

Corning (NYSE: GLW) recently reported its Q2 results, with revenues and earnings aligning with the street estimates. The company reported core revenue of 3.6 billion and adjusted earnings of $0.47 per share, driven by strong demand for its optical connectivity products for generative AI.

Agreement reserves 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Agreement will more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies CORNING, N.Y. and DENVER , Aug. 1, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today anno...

CORNING, N.Y. & DENVER--(BUSINESS WIRE)--Lumen Technologies (NYSE: LUMN) today announced an agreement with Corning Incorporated (NYSE: GLW) for a substantial supply of next-generation optical cable. This fiber-dense cable will more than double Lumen's U.S. intercity fiber miles, offering significant capacity to major cloud data centers racing to stay ahead of AI workloads and high bandwidth app...

Deutsche Bank upgraded Corning Inc. (NYSE: GLW) to a Buy from Hold, with a new price target of $46, on July 31, 2024. This revision comes in the wake of Corning's Q2 earnings report released a day prior.

Q2 earnings matched estimates on modest growth in enterprise sales. Fiber sales are up on the need for faster AI.

Shares of Corning (GLW), a beneficiary of the artificial intelligence (AI) boom, tumbled Tuesday after the specialty glass maker's second-quarter results and current-quarter guidance missed analysts' expectations.