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Corning Incorporated

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Strong demand for Gorilla Glass 5 and other fiber optic products remain key catalyst as Corning continues to innovate in the glass substrate industry. Corning’s capability positions it to better serve the increase in demand for LCD panels. The company further aims to move forward in the value chain beyond glass and tap the immense potential of the automotive market, while product portfolio strength and moderating price decline bodes well for future growth. Corning’s Strategy and Capital Allocation Framework plans to return more than $12.5 billion to shareholders in the form of share buybacks and dividends. Management’s aim to return value to shareholders through regular share repurchases and dividends is quite encouraging. The stock has outperformed the industry in the past six months on an average. However, the ongoing trade war between the United States and China remain a strong impediment to top-line growth.


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