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Strength Seen in Corning (GLW): Stock Soars 11.3%

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Corning Incorporated (GLW - Free Report) was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 20.7% in the past one-month time frame.

The move came after the company reported solid second-quarter 2018 results. Also, management raised its outlook for the year.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Corning currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

Investors interested in the Communication - Components industry may consider Plantronics, Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GLW going up? Or down? Predict to see what others think: Up or Down

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