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With a market cap of $42.5 billion, Corning Incorporated (GLW) is a global technology company operating across five key business segments: Optical Communications; Display Technologies; Specialty Materials; Environmental Technologies; and Life Sciences. The company serves a wide range of industries, including telecommunications, consumer electronics, automotive, and biomedical research.
Companies valued at more than $10 billion are generally considered “large-cap” stocks, and Corning fits this criterion perfectly. The company manufactures advanced glass substrates and materials used in applications ranging from flat panel displays and mobile consumer electronics to telecommunications infrastructure, emissions control systems, and scientific research.
Despite this, shares of the Corning, New York-based company have declined 10.4% from its 52-week high of $55.33. GLW stock has increased 8.8% over the past three months, lagging behind the Nasdaq Composite’s ($NASX) 12.2% rise over the same time frame.
In the longer term, GLW stock is up 4.4% on a YTD basis, outperforming NASX’s marginal gain. Moreover, shares of the specialty glass maker have surged 30.3% over the past 52 weeks, compared to NASX’s 9.8% return over the same time frame.
The stock has been trading above its 50-day and 200-day moving averages since May.
Shares of Corning recovered marginally on Apr. 29 after the company reported strong Q1 2025 results. Adjusted EPS came in at $0.54 and adjusted revenue reached $3.7 billion, surpassing expectations. Investor sentiment was further boosted by Corning’s forecast of Q2 core sales around $3.85 billion and adjusted EPS between $0.55 and $0.59, both ahead of Wall Street expectations. The recovery was driven by strong demand for its optical connectivity products, particularly in the enterprise segment, which saw a 106% year-over-year sales increase due to AI-related infrastructure investments.
However, Corning stock has underperformed its rival, Amphenol Corporation (APH). APH stock has gained 34.1% over the past 52 weeks and 33.2% on a YTD basis.
Due to the stock’s strong performance relative to the Nasdaq over the past year, analysts remain bullish on Corning. The stock has a consensus rating of “Strong Buy” from 11 analysts in coverage, and as of writing, SNPS is trading below the mean price target of $54.42.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
