We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Corning (GLW) is a Promising Pick for Investors
Read MoreHide Full Article
Shares of Corning Incorporated (GLW - Free Report) have returned 101% in the past year compared with 61.5% growth of the industry. Currently, the stock carries a Zacks Rank #2 (Buy) and has a VGM Score of B.
The company delivered a trailing four-quarter earnings surprise of 39%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 7.1% upward over the past 30 days.
Growth Drivers
Corning is one of the world’s leading innovators in materials science. The company’s markets include optical communications, mobile consumer electronics, display, automotive and life sciences.
The company is focused on operational excellence, cash flow generation and capital allocation. It expects strong demand and positive momentum across its businesses to continue through 2021.
Corning is well positioned to benefit from the strength of its products. It continues to advance important growth initiatives across its five Market-Access Platforms. Also, it is utilizing its financial strength to enhance shareholder returns.
In the Specialty Materials segment, Corning continues to benefit from robust demand for premium cover materials and the growing importance of semiconductor-related optical glasses.
In Optical Communications, the company is seeing an accelerated pace of data center builds, network capacity expansion and fiber-to-the-home projects. Display Technologies’ performance is likely to be driven by growth in glass volume.
Improving markets and more Corning content will aid the Environmental Technologies unit. Further, the Life Sciences business is likely to benefit from strong demand for bioproduction products and diagnostic-related consumables.
Corning has several growth drivers in place and enjoys a strong foothold in its served markets. So, it is rational to believe that the stock has more upside left.
U.S. Cellular delivered a trailing four-quarter earnings surprise of 123.9%, on average.
Vicor delivered a trailing four-quarter earnings surprise of 80.6%, on average.
Altice delivered a trailing four-quarter earnings surprise of 61.5%, on average.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Here's Why Corning (GLW) is a Promising Pick for Investors
Shares of Corning Incorporated (GLW - Free Report) have returned 101% in the past year compared with 61.5% growth of the industry. Currently, the stock carries a Zacks Rank #2 (Buy) and has a VGM Score of B.
The company delivered a trailing four-quarter earnings surprise of 39%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 7.1% upward over the past 30 days.
Growth Drivers
Corning is one of the world’s leading innovators in materials science. The company’s markets include optical communications, mobile consumer electronics, display, automotive and life sciences.
The company is focused on operational excellence, cash flow generation and capital allocation. It expects strong demand and positive momentum across its businesses to continue through 2021.
Corning is well positioned to benefit from the strength of its products. It continues to advance important growth initiatives across its five Market-Access Platforms. Also, it is utilizing its financial strength to enhance shareholder returns.
In the Specialty Materials segment, Corning continues to benefit from robust demand for premium cover materials and the growing importance of semiconductor-related optical glasses.
In Optical Communications, the company is seeing an accelerated pace of data center builds, network capacity expansion and fiber-to-the-home projects. Display Technologies’ performance is likely to be driven by growth in glass volume.
Improving markets and more Corning content will aid the Environmental Technologies unit. Further, the Life Sciences business is likely to benefit from strong demand for bioproduction products and diagnostic-related consumables.
Corning has several growth drivers in place and enjoys a strong foothold in its served markets. So, it is rational to believe that the stock has more upside left.
Other Key Choices
Some other top-ranked stocks that investors may consider are United States Cellular Corporation (USM - Free Report) , Vicor Corporation (VICR - Free Report) and Altice USA, Inc. (ATUS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
U.S. Cellular delivered a trailing four-quarter earnings surprise of 123.9%, on average.
Vicor delivered a trailing four-quarter earnings surprise of 80.6%, on average.
Altice delivered a trailing four-quarter earnings surprise of 61.5%, on average.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>