Added to YB: 2024-06-24
Pitch date: 2024-06-17
GLW [bullish]
Corning Incorporated
+133.15%
current return
Author Info
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Company Info
Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses.
Market Cap
$82.3B
Pitch Price
$37.79
Price Target
N/A
Dividend
1.17%
EV/EBITDA
24.95
P/E
61.56
EV/Sales
6.05
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
Show full summary:
Corning ($GLW) thesis from Barron's article
GLW: Sees $3B+ incremental rev in 3yrs w/ strong margins from existing capacity. Tailwinds: auto growth, non-AI fiber rebound, $42.5B gov broadband program, 10x fiber demand for AI servers. Trades at 2.3x '24 sales, 20x adj EPS. Glass is crucial for AI data centers & chips.
Read full article (2 min)