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Corning (GLW) Shows Strength: Stock Adds 5.7% in Session
Corning Incorporated (GLW - Free Report) was a big mover last session, as its shares rose almost 6% on the day. The move came after the company reported fourth-quarter 2016 earnings of $1.57 billion, surpassing Wall Street expectations. Corning reported profit of $3.7 billion, or $3.23 per share. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.19 to $24.94 in the past one-month time frame.
Over the last 30 days, the company witnessed one positive estimate revision while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Corning currently carries a Zacks Rank #3 (Hold).
Corning Incorporated Price
Corning Incorporated Price | Corning Incorporated Quote
A better-ranked stock in the Communication – Components space is Viavi Solutions Inc. (VIAV - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is GLW going up? Or down? Predict to see what others think: Up or Down
Zacks' Top 10 Stocks for 2017
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