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$GLW 28.94 hopefully more grow a head. #technology...
Corning Reports First-Quarter 2017 Financial Results
Corning, N.Y. | Corning Incorporated | April 25, 2017
Company achieves year-over-year growth across all businesses Strategy and Capital Allocation Framework continues to deliver value to shareholders
Corning Incorporated (NYSE: GLW) today announced results for first-quarter 2017.
News Summary:
Strong first-quarter results demonstrate the company’s continued positive momentum. Compared to the first quarter of 2016: GAAP EPS increased $0.43 to $0.07; core EPS rose 39% to $0.39; GAAP and core sales increased 16% and 14% to $2.38 billion and $2.49 billion, respectively
Solid performance across all business segments highlighted by: sales growth in Optical Communications; continued rapid adoption of Corning® Gorilla® Glass 5; and continued glass price moderation in Display Technologies
Further advancement on Strategy and Capital Allocation Framework initiatives: more than $6.5 billion returned to shareholders since Framework’s introduction in October 2015; technical and commercial progress demonstrated value of focused portfolio
Year-over-year growth in sales and EPS expected to continue in the second quarter
“We are very pleased with the excellent performance and growth across all of our businesses this quarter,” said Wendell P. Weeks, chairman, chief executive officer and president. “The strategic and financial benefits of Corning’s cohesive portfolio are becoming even more apparent. We are on track to deliver our 2017 objectives and overall Framework goals. Looking into the second quarter, we expect our momentum to be further demonstrated with year-over-year sales and EPS growth.”.....
More..
https://www.corning.com/worldwide/en/about-us/news-events/news-releases/2017/04/corning-reports-first-quarter-2017-financial-results.html
GLW is a very strong stock. The best is yet to come.
A recent down grade and the Director disposed of that much shares and the stock still rose over 1%. Shows strength and resilience.
The cash flow should hit 2 billion for the year. It was at 250 million a qtr previously. That should easily support a $35-$40 stock. Im interested in the Saint-Gobain partnership and some of the IP they own.
I bought more Friday at 27.26, before the open, after I read this,
Corning: Optical Communications Business Shows Strength (And Is Set To Lead)
I first heard of fiber optics in the 1970s and think it is really taking off, now.
I think this can easily go into the mid 40 range.
Big money here. Even at $28, its still undervalued, especially for a longer term picture. You can initiate a position here, even with the break out. Super bullish on this stock.
NICE CALL. still holding.
Corning $GLW valuation models imply shares are 20% overvalued prior to earnings Tuesday:
Fair Value Analysis
Do you own GLW? It's the sort of blue chip no one on IHUB follows. And that's almost always a great sign.
Corning Announces New $4 Billion Share Repurchase Program.
Corning Announces New $4 Billion Share Repurchase
Market cap now is US$ 25.49B They already are ending a $2 billion buy back at the end of this year. $4 billion more is another 15.7% less shares.
GLW has room to grow and I think still buying their shares back, too.
$GLW Stocks for Your Case: Corning Inc. (NYSE:GLW) and Gevo, Inc. (NASDAQ:GEVO) $GEVO $GLW
http://newburghpress.com/2016/11/30/stocks-for-your-case-gevo-inc-nasdaqgevo-corning-inc-nyseglw/
613,000 26 minutes at the closing price. GLW is buying more shares back with funds from sale of Dow Corning.
Looks like another 14 million at 44 minutes after. Must be share repurchase by GLW using the $4.8 billion in cash from the divestiture of Dow Corning.
Drexel's price target was 14.5.
Corning (GLW +0.24%) was downgraded to 'Sell' from 'Hold' at Drexel Hamilton LLC.
Today's pop
Corning's (GLW) CEO Wendell Weeks Presents at Sanford C Bernstein Strategic Decisions Conference 2016 (Transcript)
The second priority of the strategy and capital allocation framework is to utilize our financial strength. When we introduced the model we expected to have $22 billion to $26 billion in total funds available. We allocated $10 billion to fund our growth efforts, including RD&E, capital expenditures and M&A. We announced that we would return greater than $10 billion to shareholders, including annual dividend increases of at least 10% and expanded share repurchases.
Corning Inc. (GLW) said it had successfully exchanged shares of silicone company Dow Corning for cash and an interest in a semiconductor company, ending a 73-year joint venture with Dow Chemical Co. ( DOW). Corning shares rose 0.43% to $ 20.98 premarket.
Corning said it swapped its 50% stake in Dow Corning for $4.8 billion and a 40% stake in Hemlock Semiconductor Group, which makes semiconductors for the solar-panel industry. Dow Chemical now fully owns Dow Corning and will also keep a stake in Hemlock.
The deal comes as the solar industry faces challenges from low energy prices, expiring tax credits and pushback from local electric utilities.
This was good news, or maybe something else is in the works?
Telecom Conference (Transcript)
Corning slips 4.9% as Q1 revenues drop nearly across the board. Is this pointing to a larger economic problem?
Outlook: The company expects the rest of the year will be a significant improvement from Q1, and "second-quarter results will reflect the strong underlying trends in our businesses." Core equity earnings are seen at $50M-$70M in Q2 depending on closing date of the strategic realignment of Dow Corning.
Corning slips 4.9% as Q1 revenues drop nearly across the board
Corning EPS in-line, misses on revenue
Revenue of $2.17B (-10.7% Y/Y) misses by $60M.
CORNING, N.Y., FEBRUARY 3, 2016 - Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.135 per share, a 12.5% increase in the company's quarterly common stock dividend. The 2016 first-quarter dividend is payable on March 31, 2016, to shareholders of record on Feb. 25, 2016
Accelerated stock repurchase. Cool!
Biggest volume in the last year plus. Something is brewing!
Interesting action today!
Tides going to turn here next couple of weeks. Not 30 by summer but fall it should be close.
THE CREATOR OF "Cup and Handle"
NEVER USED 5 YEARS. IMHO.
WHY?
Too long of a time.
Hello TREND1, I'm curious. Are you a Chartist? It appears you are. If so, can you answer a question for me. If GLW hits $22.33 and holds, won't we have a classic "Cup and Handle" formation on the 5 year?
Corning is a winner! I lucked out and bought 1,100 shares way back at $4.50/sh (Missed the $1.50/sh. by a whisker).Since sold 650/sh. for other stock purchases, (and wished many times that I hadn't sold.) Point is this old Dinosaur has turned into a Spring chicken.Great Company!
I've been reading some articles that speculate that Corning wants out of Dow Corning. I thought this esteemed group would have some insight?
Don't get too excited AAPL is like Walmart and will tighten the screws may not be worth it. Be careful what you ask for.
Gorilla glass bends, who knew. iphone6+ bend test.
$GLW just kicked $GTAT in the butt today, glad to see.
AAPL iphone 6 and 6-plus using GLW gorilla glass.
GTAT gets the tiny watch ....
Bought the 2016 $22 calls today at $1.36
Big News For LWLG and Corning
https://finance.yahoo.com/news/lightwave-logic-acquires-worldwide-license-144500188.html
Thinking of averaging up (just because there's nothing else out there that looks like a buy to me). Great long term investment, IMO
Hope everyone is well!
Corning sees Optical Communications segment growing twice as fast in FY14
February 7, 2014
09:30 EDT
Clark S. Kinlin, executive vice president, said that optical solutions will continue driving profitable growth for Corning's Optical Communications segment. He noted that the scale and rate of bandwidth growth-driven by video, wireless data, and cloud computing - are straining data centers and networks. "Optical-based solutions provide the most cost-effective capacity and speed to alleviate pressures on the network," Kinlin explained. He highlighted industry studies that show global IP traffic growing at 23% per year through 2017, with mobile traffic the fastest-growing component. "Our solid foundation of optical components is providing our customers with the necessary integrated solutions for today's growing variety of network applications," he added. Kinlin said that the company expects its Optical Communications segment to grow twice as fast as the overall industry in 2014.
http://www.theflyonthewall.com/permalinks/entry.php/GLWid1959925/GLW-Corning-sees-Glass-Technologies-adding-about-M-incremental-profit-this-year
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