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Here's Why Corning (GLW) is a Promising Pick for Investors

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·3 min read
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Shares of Corning Incorporated GLW have returned 101% in the past year compared with 61.5% growth of the industry. Currently, the stock carries a Zacks Rank #2 (Buy) and has a VGM Score of B.



The company delivered a trailing four-quarter earnings surprise of 39%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 7.1% upward over the past 30 days.

Growth Drivers

Corning is one of the world’s leading innovators in materials science. The company’s markets include optical communications, mobile consumer electronics, display, automotive and life sciences.

The company is focused on operational excellence, cash flow generation and capital allocation. It expects strong demand and positive momentum across its businesses to continue through 2021.

Corning is well positioned to benefit from the strength of its products. It continues to advance important growth initiatives across its five Market-Access Platforms. Also, it is utilizing its financial strength to enhance shareholder returns.

In the Specialty Materials segment, Corning continues to benefit from robust demand for premium cover materials and the growing importance of semiconductor-related optical glasses.

In Optical Communications, the company is seeing an accelerated pace of data center builds, network capacity expansion and fiber-to-the-home projects. Display Technologies’ performance is likely to be driven by growth in glass volume.

Improving markets and more Corning content will aid the Environmental Technologies unit. Further, the Life Sciences business is likely to benefit from strong demand for bioproduction products and diagnostic-related consumables.

Corning has several growth drivers in place and enjoys a strong foothold in its served markets. So, it is rational to believe that the stock has more upside left.

Other Key Choices

Some other top-ranked stocks that investors may consider are United States Cellular Corporation USM, Vicor Corporation VICR and Altice USA, Inc. ATUS, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

U.S. Cellular delivered a trailing four-quarter earnings surprise of 123.9%, on average.

Vicor delivered a trailing four-quarter earnings surprise of 80.6%, on average.

Altice delivered a trailing four-quarter earnings surprise of 61.5%, on average.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Corning Incorporated (GLW) : Free Stock Analysis Report

United States Cellular Corporation (USM) : Free Stock Analysis Report

Altice USA, Inc. (ATUS) : Free Stock Analysis Report

Vicor Corporation (VICR) : Free Stock Analysis Report

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