Corning Incorporated (GLW) has made multiple notable announcements recently. The company has declared its
quarterly dividend of $0.28 per share and Wall Street has rated it as a strong momentum stock, showing signs of promising future performance. The company's revenues have been healthy and GLW has also seen a surge in its stock prices over the past year. Alongside dividends, there are other key business developments. Corning has formed a
collaboration with Broadcom to boost AI data center processing capacity. GLW has also upgraded its guidance based on significant customer growth and strong Q1 2025 earnings which were driven by robust growth in Optical Communications. Furthermore,
Artificial Intelligence (AI) needs Corning, with the organization making significant in-roads into the AI and data center applications. Beyond its current business operation, GLW is set to revolutionize AI Data Centers with GlassWorks AI Cable Solutions. Despite some recent insider selling, the company's leadership remains strong and focused, with Corning President and COO Eric Musser set to retire and the company announcing strategic senior leadership promotions. Making a grand entry into the US solar market, Corning also aims to add over $4 billion in annualized sales by the end of 2026.
Corning Incorporated GLW News Analytics from Thu, 19 Sep 2024 07:00:00 GMT to Thu, 26 Jun 2025 23:13:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -3
