From Nasdaq: 2024-05-09 11:05:44

Apple (AAPL) is a tech giant valued at $2.8 trillion, known for industry-leading devices like the iPhone and MacBook. One of its key suppliers is Corning (GLW), a $29 billion company whose stock has returned 112.6% in the last decade. Corning announced Q1 revenue of $3.26 billion and earnings of $0.38 per share, with an optimistic outlook for future growth.

In 2024, GLW stock is up 11.4% YTD, outperforming the S&P 500. Corning, with a 170-year history of innovation, serves markets like optical communications and mobile electronics. Analysts predict GLW sales to increase by 2.2% to $13.8 billion, with a mean target price of $35.45 and expected upside potential of 4.5%.

Corning’s Q1 results showed revenue of $3.26 billion, exceeding Wall Street’s forecast. The company plans to add $3 billion in annual sales over three years, supporting dividend hikes. With a current yield of over 3%, Corning’s strong cash flow and dividend growth history make it an attractive investment option.



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