El interés en corto de Corning da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Corning. Los datos de interés en corto se actualizan cada dos semanas.

Corning (NYSE:GLW) Bolsa, Informe de interés en corto

Corning

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.

Earnings

Equities

Market Summary

News

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

AAPL

MSFT

NVDA

TSLA

Los futuros de EE.UU. repuntan tras la decisión de la Fed. Apple y Tesla en el foco. Datos del PIB y empleo, claves del día.

Futuros de EE.UU. suben tras decisión de la Fed: ¿qué esperar del mercado hoy?

Corning Inc

GLOW LIFETECH CORP by Glow Lifetech Corp.

Glow LifeTech Corp

Throughout the last three months, 4 analysts have evaluated Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $54.5, a high estimate of $60.00, and a low estimate of $48.00. Observing a 10.1% increase, the current average has risen from the previous average price target of $49.50. 
<img src="https://www.benzinga.com/files/images/story/2025/1738260017_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Corning's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$52.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$58.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$48.00</td>
<td>$39.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Corning. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Corning compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Corning's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Corning's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GLW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Corning analyst ratings.</a>
<h2>About Corning</h2>
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
<h3>Understanding the Numbers: Corning's Finances</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Corning's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 6.87%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -3.45%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.08%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Corning's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.42%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Corning's debt-to-equity ratio surpasses industry norms, standing at 0.75. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Corning

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Rick Wise upgraded the rating for Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) from Hold to Buy and raised the price target from $75 to $90. Edwards Lifesciences shares closed at $71.13 on Wednesday. <a href="https://www.benzinga.com/quote/EW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Kate McShane upgraded RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) from Sell to Neutral and raised the price target from $261 to $374. RH shares closed at $422.01 on Wednesday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Kaumil Gajrawala upgraded the rating for The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) from Hold to Buy and increased the price target from $69 to $75. Coca-Cola shares closed at $62.83 on Wednesday. <a href="https://www.benzinga.com/quote/KO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Jason Ader upgraded Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) from Market Perform to Outperform. CommVault shares closed at $146.82 on Wednesday. <a href="https://www.benzinga.com/quote/cvlt/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC analyst Stephen Bersey upgraded the rating for Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) from Hold to Buy and raised the price target from $51 to $60. Corning shares closed at $49.80 on Wednesday. <a href="https://www.benzinga.com/quote/glw/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying KO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="539" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30063426/image-255-1024x539.png" alt="" class="wp-image-757808" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30063426/image-255-1024x539.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30063426/image-255-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30063426/image-255-768x404.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30063426/image-255.png 1096w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43300989/jim-cramer-this-industrial-stock-is-absolutely-terrific-first-solar-is-very-inexpensive">Jim Cramer: This Industrial Stock Is &#8216;Absolutely Terrific&#8217;, First Solar Is &#8216;Very Inexpensive&#8217;</a></li>
</ul>

Upgrades

CVLT

This Coca-Cola Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

HSBC analyst Stephen Bersey upgrades Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) from Hold to Buy and raises the price target from $51 to $60.

Price Target

HSBC Upgrades Corning to Buy, Raises Price Target to $60

U.S. stock futures rose on Thursday, rebounding from a decline triggered by the Federal Reserve&#8217;s decision to hold interest rates steady. All four benchmark indices were trading higher. 
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), the world&#8217;s largest company by market capitalization, will report its first-quarter earnings after the market closes today.
Investors are also awaiting the first-quarter GDP data, which will be released before the market opens.
The 10-year Treasury yield is currently at 4.50%, and the two-year yield is at 4.20%. The CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> indicates an 80% probability that the Federal Open Market Committee will maintain current interest rates in March 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.47%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.35%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.42%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.99%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday, both the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) were higher. SPY was up 0.33% at $603.80, and QQQ gained 0.44% to reach $523.10, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stocks <a href="https://www.benzinga.com/news/earnings/25/01/43328594/nasdaq-declines-as-nvidia-edges-lower-fed-leaves-interest-rates-unchanged-fear-greed-index-in-neutral-zone">fell</a> on Wednesday after the Federal Reserve held interest rates steady.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares dropped over 4% on the news of potential sales restrictions for China. General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) and Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) beat earnings expectations, with the latter offering strong guidance.
The U.S. trade deficit widened to a record $122.11 billion in December, while wholesale inventories fell 0.5%. Tech, real estate, and healthcare sectors dragged the S&amp;P 500 lower, though consumer staples and communication services gained.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.51%</td>
<td>19,632.32</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.47%</td>
<td>6,039.31</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.31%</td>
<td>44,713.52</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.25%</td>
<td>2,283.10</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Following the revival from the DeepSeek-led slump, Scott Wren, the senior global market strategist at Wells Fargo Advisors said, &#8220;As we try to look multiple years into the future, we believe development expenditures aimed at artificial intelligence will increase dramatically.&#8221;
However, he also said that sector-led investing could be volatile. &#8220;Sector investing can be more volatile than investments that are broadly diversified over numerous sectors of the economy and will increase a portfolio's vulnerability to any single economic, political, or regulatory development affecting the sector. This can result in greater price volatility.&#8221;
Ryan Detrick, the chief market strategist at Carson Research, drew parallels between the S&amp;P 500 performance based on the Chinese calendar year in his latest note.
According to the Chinese calendar, 2025 is the &#8216;Year of Snake&#8217;.
Mapping the data from 1950, Detrick found that &#8220;The Year of the Snake has been up only three out of six times and up an average of less than 1%.&#8221;
Additionally, stocks have alternated between higher and lower since 1953, suggesting this could be a down year. Next year is the Year of the Horse, which hasn't been &#8220;all that strong either.&#8221;
&#8220;Lastly, we found it amusing that animals with horns saw some of the best returns, with last year's horned Dragon a good one for the bulls,&#8221; he added, however, he also said that Carson Research would never suggest investing based on the zodiac signs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Welcome to Year of the Snake. More like Year of the Bear. <a href="https://t.co/c23eQDyYUW">https://t.co/c23eQDyYUW</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1884616468446294279?ref_src=twsrc%5Etfw">January 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Furthermore, as the S&amp;P 500 is up 2.91% year-to-date, he highlighted that &#8220;higher January tends to suggest better returns the final 11 months of the year.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is up nearly 3% YTD and January is almost over. This is a good sign, as a higher January tends to suggest better returns the final 11 months of the year. Up 12.2% on avg and up 86.7% of the time when Jan is higher, compared with all yrs avg return of 8.1% and 75%. <a href="https://t.co/He6PpOTnLc">pic.twitter.com/He6PpOTnLc</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1884625505862791475?ref_src=twsrc%5Etfw">January 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>On Thursday, the GDP data for the first quarter and the initial jobless claims data till Jan. 25, will be released at 8:30 a.m. ET.</li>
</ul>
<ul>
<li>December's pending home sales will be out at 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was down 0.14% in the premarket on Thursday ahead of its earnings, which will be released after the closing bell. Analysts expect it to report quarterly earnings of $2.35 per share on revenue of $124.13 billion</li>
</ul>
<ul>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) was up 1.62% as Wall Street expects it to report earnings of $2.53 per share on revenue of $25.42 billion, before the opening bell.</li>
</ul>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was up 1.78% despite weaker-than-expected fourth-quarter earnings and sales results. It promised to launch new and &#8220;more affordable&#8221; models in the first half of 2025 and showcased the example of the company&#8217;s full self-driving in a video shared online.</li>
</ul>
<ul>
<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) was up 2.23% after reporting better-than-expected fourth-quarter sales results. However, its sales guidance for the current quarter fell short of expectations.</li>
</ul>
<ul>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) was down 3.99% as its cloud revenue missed estimates despite beating overall revenue and EPS estimates.</li>
</ul>
<ul>
<li>IBM Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) was up 7.60% as it beat its revenue and earnings estimates for the fourth quarter.</li>
</ul>
<ul>
<li>Other companies that are slated to report earnings before the opening bell today include Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) up 0.93%, Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) up 1.24%, Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) up 0.70%, and Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) which report after closing bell was up 0.91%.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.67% to hover around $72.13 per barrel.
The gold spot index was up by 0.64% to $2,777.47 per ounce. The Dollar Index was down 0.01% at 107.989 level.
Asian markets were higher on Thursday as Australia's ASX 200, Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng rose. European markets were also higher in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/01/43328377/t-mobile-underscores-spacexs-starlinks-role-in-california-wildfire-relief-closes-record-breaking-growth-year">T-Mobile Underscores SpaceX&#8217;s Starlink&#8217;s Role In California Wildfire Relief, Closes Record-Breaking Growth Year</a></li>
</ul>
Photo courtesy: Shutterstock

US Stocks Set For Gains Ahead Of Q1 GDP, Apple Earnings: Expert Says 'Higher January' Bodes Well For The Rest Of The Year

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks settled lower on Wednesday after the Federal Reserve left interest rates unchanged at its recent policy meeting.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell over 4% on Wednesday amid reports indicating Trump officials have discussed further curbing China sales.
General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) reported better-than-expected fourth-quarter fiscal 2024 results. Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) posted better-than-expected fourth-quarter financial results and also issued first-quarter core EPS guidance with a midpoint above estimates.
On the economic data front, the U.S. trade deficit in goods increased to a record $122.11 billion in December versus a revised $103.5 billion gap in the prior month. U.S. wholesale inventories declined by 0.5% month-over-month to $898 billion in December following a revised 0.1% fall in the previous month and versus market estimates of a 0.2% gain.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate, and healthcare stocks recording losses on Wednesday. However, consumer staples and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 137 points to 44,713.52 on Wednesday. The S&amp;P 500 fell 0.47% to 6,039.31, while the Nasdaq Composite fell 0.51% at 19,632.32 during Wednesday's session.
Investors are awaiting earnings results from Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), and Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 45.6, the index remained in the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 47.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43300989/jim-cramer-this-industrial-stock-is-absolutely-terrific-first-solar-is-very-inexpensive">Jim Cramer: This Industrial Stock Is &#8216;Absolutely Terrific&#8217;, First Solar Is &#8216;Very Inexpensive&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Nasdaq Declines As Nvidia Edges Lower, Fed Leaves Interest Rates Unchanged: Fear & Greed Index In 'Neutral' Zone

Barclays analyst Tim Long maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Equal-Weight and lowers the price target from $53 to $52.

Barclays Maintains Equal-Weight on Corning, Lowers Price Target to $52

U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
The Dow traded up 0.02% to 44,859.42 while the NASDAQ fell 0.63% to 19,609.55. The S&amp;P 500 also fell, dropping, 0.31% to 6,048.95.
Check This Out: <a href="https://www.benzinga.com/25/01/43300989/jim-cramer-this-industrial-stock-is-absolutely-terrific-first-solar-is-very-inexpensive">Jim Cramer: This Industrial Stock Is &#8216;Absolutely Terrific&#8217;, First Solar Is &#8216;Very Inexpensive&#8217;</a>
Leading and Lagging Sectors Utilities shares surged by 0.8% on Wednesday.
In trading on Wednesday, information technology shares fell by 1.2%.
Top Headline
Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) posted better-than-expected fourth-quarter financial results and also issued first-quarter core EPS guidance with a midpoint above estimates.
Core sales grew 18% year-on-year to $3.87 billion, beating the analyst consensus estimate of $3.76 billion. The Apple glass supplier's core EPS of 57 cents beat the analyst consensus estimate of 56 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) shares shot up 226% to $6.32. Signing Day Sports executed a stock purchase agreement to acquire majority of capital stock of Swifty Global.</li>
<li>Shares of Ranpak Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NYSE">PACK</a>)got a boost, surging 24% to $7.12 after the company announced it has agreed to issue warrants for up to 18.72 million shares.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) shares were also up, gaining 24% to $49.14 as the company reported better-than-expected third-quarter financial results and raised its FY25 GAAP EPS guidance on Tuesday.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) shares dropped 14% to $18.53 following fourth-quarter financial results.</li>
<li>Shares of Manhattan Associates, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NYSE">MANH</a>) were down 24% to $224.51 following soft FY25 guidance.</li>
<li>Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) was down, falling 10% to $216.62 after the company reported mixed fourth-quarter financial results.</li>
</ul>
Commodities In commodity news, oil traded down 0.4% to $73.47 while gold traded up 0.3% at $2,774.80.
Silver traded up 2.5% to $31.655 on Wednesday, while copper rose 0.8% to $4.2800.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.63%, Germany's DAX 40 gained 1.05% and France's CAC 40 fell 0.31%. Spain's IBEX 35 Index rose 0.92%, while London's FTSE 100 rose 0.44%.
Asia Pacific Markets
Asian markets closed higher on Wednesday, with Japan's Nikkei 225 gaining 1.02% and India's BSE Sensex gaining 0.83%.
Economics
<ul>
<li>The U.S. trade deficit in goods increased to a record $122.11 billion in December versus a revised $103.5 billion gap in the prior month.</li>
<li>U.S. wholesale inventories declined by 0.5% month-over-month to $898 billion in December following a revised 0.1% fall in the previous month and versus market estimates of a 0.2% gain.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43301090/how-to-earn-500-a-month-from-meta-platforms-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Meta Platforms Stock Ahead Of Q4 Earnings</a></li>
</ul>

Eurozone

Commodities

Intraday Update

MANH

PACK

TEVA

Nasdaq Down Over 100 Points; Corning Posts Upbeat Earnings

Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) shares are trading higher after the company&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43298780/corning-reports-strong-fourth-quarter-and-full-year-2024-financial-results-1-marking-successful-fi" rel="noreferrer noopener">fourth-quarter 2024 results</a>.
Core sales grew&nbsp;18% year-on-year to&nbsp;$3.87&nbsp;billion, beating the&nbsp;analyst consensus estimate of&nbsp;$3.76 billion.&nbsp;
The&nbsp;Apple glass supplier&#8217;s core EPS of&nbsp;57 cents beat the&nbsp;analyst consensus estimate of&nbsp;56 cents.
Display Technologies&#8217; sales grew by&nbsp;12%&nbsp;Y/Y&nbsp;to&nbsp;$971 million.&nbsp;Optical Communications sales increased by&nbsp;51%&nbsp;Y/Y&nbsp;to&nbsp;$1.368 billion,&nbsp;led by continued strong adoption of Corning&#8217;s new Gen AI products.
Specialty Materials sales rose 9% to&nbsp;$515 million&nbsp;in the quarter. Life Sciences sales increased by&nbsp;3% to&nbsp;$250&nbsp;million.
Environmental Technologies sales declined by&nbsp;7%&nbsp;to&nbsp;$397 million. Hemlock and Emerging Growth Businesses sales increased 5%&nbsp;to&nbsp;$373&nbsp;million&nbsp;in the quarter.
The core gross margin was&nbsp;38.6%, and the adjusted free cash flow was&nbsp;$409&nbsp;million in the quarter.
Ed Schlesinger, executive vice president and chief financial officer, said,&nbsp;&#8220;We also successfully implemented double-digit price increases in Display Technologies to ensure we can maintain stable U.S. dollar net income in a weaker yen environment, and we expect to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25%.&#8221;
Outlook: Corning expects&nbsp;first-quarter core sales growth of 10% Y/Y to $3.6 billion (vs. consensus of $3.53 billion) and core EPS&nbsp;of $0.48-$0.52&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">vs. street view of $0.48</a>.
On March 18, Corning plans to provide an update to its &#8220;Springboard&#8221; plan, aiming to generate over $3 billion in additional annualized sales and achieve a 20% operating margin by the end of 2026.
Investors can gain exposure to GLW via&nbsp;ProShares Smart Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TINT#NYSE">TINT</a>) and&nbsp;Professionally Managed Portfolios Otter Creek Focus Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFS#NYSE">OCFS</a>).
Price Action: GLW shares are up 5.39% at $53.99 premarket at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43283116/deepseek-news-plunges-it-hardware-stocks-but-analyst-sees-5-bright-spots-among-tech-giants" target="_blank" rel="noreferrer noopener">DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants</a></li>
</ul>
Photo via Shutterstock.

Large Cap

Guidance

Movers

Professionally Managed Portfolios Otter Creek Focus Strategy ETF

OCFS

TINT

Corning Beats On Q4: AI Boom Powers 51% Optical Sales Surge, Stock Climbs

General

Corning shares are trading higher following better-than-expected Q4 financial results. The company also issued Q1 core EPS guidance with a midpoint above estimates.

Corning Sees Q1 2025 Core Sales Growth 10% YoY, Sees Core EPS $0.48-$0.52 Vs $0.48 Est.

Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.56 by 1.79 percent. This is a 46.15 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $3.874 billion which beat the analyst consensus estimate of $3.763 billion by 2.94 percent. This is a 18.40 percent increase over sales of $3.272 billion the same period last year.

Earnings Beats

Corning Q4 2024 Core EPS $0.57 Beats $0.56 Estimate,  Core Sales $3.874B Beat $3.763B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) is likely to report quarterly earnings at $1.97 per share on revenue of $1.28 billion. 
• Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $385.34 million. 
• Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is likely to report quarterly earnings at $0.96 per share on revenue of $3.63 billion. 
• Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $4.12 billion. 
• Wabash National (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $412.92 million. 
• Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) is likely to report quarterly earnings at $0.63 per share on revenue of $6.20 billion. 
• Southside Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NYSE">SBSI</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $68.12 million. 
• MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.96 per share on revenue of $747.63 million. 
• Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $388.90 million. 
• Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $311.88 million. 
• Central Pacific Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $67.00 million. 
• Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) is likely to report quarterly earnings at $4.00 per share on revenue of $575.21 million. 
• Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) is likely to report quarterly loss at $0.17 per share on revenue of $10.02 million. 
• Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is estimated to report quarterly earnings at $0.88 per share on revenue of $5.56 billion. 
• Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $5.27 million. 
• Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) is likely to report quarterly earnings at $2.97 per share on revenue of $3.03 billion. 
• Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $278.05 million. 
• Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) is estimated to report quarterly earnings at $9.09 per share on revenue of $5.21 billion. 
• Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $1.12 billion. 
• Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) is likely to report quarterly earnings at $0.83 per share on revenue of $1.40 billion. 
• VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $2.75 billion. 
• Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) is expected to report quarterly earnings at $1.50 per share on revenue of $3.05 billion. 
• Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $136.80 million. 
• Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $1.22 billion. 
• CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) is likely to report quarterly earnings at $1.40 per share on revenue of $2.64 billion. 
• Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) is expected to report quarterly earnings at $1.33 per share on revenue of $303.21 million. 
• Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is expected to report quarterly earnings at $3.56 per share on revenue of $18.76 billion. 
• General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) is expected to report quarterly earnings at $4.23 per share on revenue of $13.21 billion. 
• Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) is expected to report quarterly earnings at $2.21 per share on revenue of $1.08 billion. 
• T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) is projected to report quarterly earnings at $2.30 per share on revenue of $21.37 billion. 
• Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $3.76 billion. 
• Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) is expected to report quarterly earnings at $4.14 per share on revenue of $1.23 billion. 
• M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) is likely to report quarterly earnings at $4.83 per share on revenue of $1.17 billion. 
• Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $6.39 billion. 
• Scotts Miracle Gro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>) is likely to report quarterly loss at $1.23 per share on revenue of $392.29 million. 
• Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is expected to report quarterly earnings at $2.30 per share on revenue of $4.97 billion. 
• ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is expected to report quarterly earnings at $6.71 per share on revenue of $9.02 billion. 
<h3>Companies Reporting After The Bell</h3>
• Whirlpool (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is likely to report quarterly earnings at $4.31 per share on revenue of $4.23 billion. 
• Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is estimated to report quarterly earnings at $0.58 per share on revenue of $2.91 billion. 
• John B Sanfilippo &amp; Son (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBSS#NASDAQ">JBSS</a>) is likely to report earnings for its second quarter. 
• Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is projected to report quarterly loss at $1.00 per share on revenue of $179.89 million. 
• Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $1.39 billion. 
• Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) is projected to report quarterly loss at $0.01 per share on revenue of $82.97 million. 
• Two Harbors Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWO#NYSE">TWO</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $-21 million. 
• Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.10 billion. 
• Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $27.12 billion. 
• Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $740.91 million. 
• Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is estimated to report quarterly earnings at $0.58 per share on revenue of $48.36 million. 
• Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is estimated to report quarterly earnings at $1.79 per share on revenue of $5.90 billion. 
• Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) is likely to report quarterly earnings at $1.10 per share on revenue of $1.57 billion. 
• Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) is projected to report quarterly earnings at $1.84 per share on revenue of $4.26 billion. 
• First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $251.46 million. 
• Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $660.00 million. 
• United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) is likely to report quarterly earnings at $11.71 per share on revenue of $3.94 billion. 
• Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $1.20 billion. 
• Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) is estimated to report quarterly earnings at $0.88 per share on revenue of $4.32 billion. 
• High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $99.08 million. 
• Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to report quarterly earnings at $3.12 per share on revenue of $68.86 billion. 
• Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is expected to report quarterly earnings at $0.15 per share on revenue of $994.31 million. 
• Methanex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEOH#NASDAQ">MEOH</a>) is expected to report quarterly earnings at $1.07 per share on revenue of $994.61 million. 
• Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $1.26 billion. 
• Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is expected to report quarterly earnings at $0.92 per share on revenue of $219.22 million. 
• Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $1.73 billion. 
• Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is likely to report quarterly earnings at $9.19 per share on revenue of $4.47 billion. 
• Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $160.60 million. 
• Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $2.01 per share on revenue of $1.27 billion. 
• ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) is projected to report quarterly earnings at $3.65 per share on revenue of $2.96 billion. 
• SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) is likely to report quarterly earnings at $1.20 per share on revenue of $555.43 million. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $346.15 million. 
• Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $2.51 billion. 
• Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $46.98 billion. 
• Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) is expected to report quarterly earnings at $2.66 per share on revenue of $3.47 billion. 
• National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) is estimated to report quarterly earnings at $1.53 per share on revenue of $615.17 million. 
• MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $90.00 million. 
• Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) is likely to report quarterly earnings at $0.24 per share on revenue of $90.68 million. 
• Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is estimated to report quarterly earnings at $1.27 per share on revenue of $3.96 billion. 
• IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is likely to report quarterly earnings at $3.79 per share on revenue of $17.60 billion. 
• Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $27.65 million. 
• Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) is estimated to report quarterly earnings at $2.53 per share on revenue of $1.33 billion. 
• C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $4.43 billion. 
• Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $133.59 million. 
• Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $203.91 million. 
• Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $968.96 million. 
• Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is projected to report quarterly earnings at $3.18 per share on revenue of $1.28 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASML

BLFY

BRKL

BSET

CALX

CHRW

CMPR

CODA

EXTR

FIBK

FLEX

HESM

HITI

HWKN

JBSS

LBRT

LEVI

LRCX

LSTR

MEOH

MNRO

MSCI

NAVI

NDAQ

OTIS

SBSI

SEIC

SIGI

SLGN

TMUS

TTEK

VIRT

WASH

WOLF

Earnings Scheduled For January 29, 2025

IT hardware stocks have dropped <a href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more">following the DeepSeek news</a>.
Despite the plunge, BofA Securities analyst Wamsi Mohan likes stocks such as Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for various idiosyncratic reasons.
The analyst focused largely on non-AI-themed stocks that have specific catalysts.
Corning: The analyst noted that Corning's key drivers include a cyclical recovery in its optical business, growth in Lumen/BEAD programs, solar opportunities, stable display profitability and its <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">upcoming Investor Day on March 18.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/43215631/amazon-prime-video-shifts-focus-to-live-sports-looks-to-become-profitable-by-end-of-2025" target="_blank" rel="noreferrer noopener">Amazon Prime Video Shifts Focus To Live Sports, Looks To Become Profitable By End Of 2025</a>
Hewlett Packard: The company's key drivers are the Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) acquisition and synergies, IT spending recovery and cost-cutting initiatives, with AI server exposure <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">not factored into the valuation.</a>
The analyst anticipates Hewlett Packard will experience a pro-forma EPS increase of 8% for 2026, excluding synergies, and 18% with $350 million in cost synergies.
Western Digital: The company's key driver is the upcoming spin-off, which is expected to unlock value <a href="https://www.benzinga.com/quote/WDC/analyst-ratings">between $5-$10 billion</a>.
Seagate Technology: The firm's key drivers include the ramp-up of HAMR, higher gross margins from high-capacity drives, and sustained data center spending.
Apple: The tech behemoth's key drivers include the iPhone SE launch, insourcing the modem for higher margins, WWDC with AI use cases, <a href="https://www.benzinga.com/quote/STX/analyst-ratings">and iPhone 17 in Sept 2025.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking'</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Tech

JNPR

DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants

WIIM

AMAT

ANET

AVGO

DELL

KLAC

LITE

MPWR

MRVL

ORCL

PLTR

PSTG

SMCI

Shares of tech and AI stocks are trading lower amid AI competition concerns from China's DeepSeek.

Corning shares are trading higher after Citigroup raised its price target on the stock from $55 to $58.

Citigroup analyst Asiya Merchant maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Buy and raises the price target from $55 to $58.

Citigroup Maintains Buy on Corning, Raises Price Target to $58

Corning's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) short percent of float has risen 6.84% since its last report. The company recently reported that it has 10.68 million shares sold short, which is 1.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Corning Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736191811_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Corning has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Corning's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Corning's peer group average for short interest as a percentage of float is 5.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(GLW) - Analyzing Corning's Short Interest

Looking for <a href="https://www.benzinga.com/trading-ideas/dividends">steady cash flow</a> in 2025? JPMorgan analysts have spotlighted four income-generating stock picks that offer dividend appeal and potential price upside. 
These are: Annaly Capital Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>), Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) and HA Sustainable Infrastructure Capital Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HASI#NYSE">HASI</a>).
Here are the details on their top picks.
<h2 class="wp-block-heading">Annaly Capital</h2>
With a hefty forward dividend yield of 13.85% (per <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122024&amp;t=be2bearmibe3na1">Benzinga Pro</a> data), Annaly Capital shines as a beacon for income seekers. 
Analyst Richard Shane expects the mortgage REIT to benefit from a gradual yield curve steepening and rising MBS prices as quantitative tightening eases. 
Trading near $19.76, NLY is viewed as a stable dividend play, supported by mid-teen ROEs and rising interest spreads, according to the analyst. His price target for 2025 is $20.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42615289/wall-streets-most-accurate-analysts-weigh-in-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Materials Stocks Delivering High-Dividend Yields</a>
<h2 class="wp-block-heading">Corning</h2>
Known for its innovation in glass and fiber optics, Corning offers more than shiny screens. 
Its modest 2.38% yield may seem subdued, but JPMorgan's Samik Chatterjee says this tech titan is poised for high-single-digit revenue growth. 
Riding on data center demand, telecom recovery, and AI-driven innovation, Corning's stock—currently at $48.18—has room to climb to $60 by the end of 2025, the analyst says.
<h2 class="wp-block-heading">Energy Transfer</h2>
Pipeline powerhouse Energy Transfer is turning heads with a forward dividend yield of 7.06%. 
Analyst Jeremy Tonet sees untapped value in its discounted EV/EBITDA ratio compared to peers. 
With fundamentals like Permian egress and natgas logistics firing on all cylinders, ET, trading at $18.70, appears poised to reach Tonet's $23 target, presenting a compelling opportunity for midstream investors.
<h2 class="wp-block-heading">HASI</h2>
Sustainability meets income in Hannon Armstrong Sustainable Infrastructure Capital. HASI's 6.29% yield sweetens the deal for this eco-friendly investment.
JPMorgan's Mark Strouse predicts a brighter outlook thanks to its KKR partnership and investment-grade rating. With shares at $28.72, Strouse forecasts a $42 price by 2025 as HASI reduces its reliance on public capital raises and executes on stable spreads.
Whether you're chasing high yields or balanced growth, these four income plays could be the backbone of your 2025 portfolio. 
From Annaly's robust dividends to Corning's AI-driven potential, JPMorgan's picks are all about turning steady streams into rivers of returns.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42612794/djt-stock-plummets-over-5-following-trumps-stake-transfer-heres-more">DJT Stock Plummets Over 5% Following Trump&#8217;s Stake Transfer: Here&#8217;s More</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

REIT

Dividends

Real Estate

Hannon Armstrong Sustainable Infrastructure Capital

HASI

4 Dividend Picks For 2025: JPMorgan's Top Income Stocks To Energize Your Portfolio

Morgan Stanley analyst Meta Marshall maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Equal-Weight and raises the price target from $39 to $48.

Morgan Stanley Maintains Equal-Weight on Corning, Raises Price Target to $48

As the tech sector pivots from <a href="https://www.benzinga.com/topic/artificial-intelligence">AI-fueled growth</a> to a broader market recovery, JPMorgan analyst Samik Chatterjee highlights a cyclical rebound powering upside for traditional IT infrastructure and industrial tech.
Top picks like Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) and Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) are set to ride the next cyclical upswing from recovering demand in servers, telecom, and industrial markets. 
At the same time, the analyst says Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) stand to gain from networking and multi-sector recoveries.
<h2 class="wp-block-heading">Why These Three?</h2>
Chatterjee's strategy banks on recovery beyond AI-driven hype. 
<ul>
<li>The resurgence of traditional IT infrastructure demand should position Dell for long-term growth. Infrastructure investments and enterprise upgrades are expected to spearhead Dell's upside.</li>
</ul>
<ul>
<li>Corning brings its diversified industrial tech portfolio to the table. With AI-driven telecom growth and a revival in optical and display markets, Corning is poised to shine as end-market recoveries take center stage.</li>
</ul>
<ul>
<li>Coherent, a player in the optical sector, rounds out the trio with its diversified revenue streams. Chatterjee points to margin-expansion opportunities and AI-related synergies as key drivers for this pick, particularly as the company works through inventory digestion challenges.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/24/11/42231610/microsoft-hp-dell-ramp-up-parts-production-in-china-ahead-of-trumps-return-to-white-house">Microsoft, HP, Dell Race To Ramp Up Production In China As Trump&#8217;s Tariff Threat Looms Ahead Of His White House Return</a>
<h2 class="wp-block-heading">A Broader Tailwind Beyond AI &#8211; Arista, Cisco, Amphenol</h2>
The report underscores a robust cyclical resurgence in critical hardware and networking sectors. After experiencing downturns in late 2023 and early 2024, traditional IT infrastructure markets—encompassing servers, storage, and enterprise networking—are showing signs of substantial recovery. The analyst says companies like Arista Networks, Cisco, and Amphenol are strategically positioned to capitalize on these emerging networking opportunities and multi-market rebounds.
The PC market, for example, is expected to shift gears in 2025, with enterprise/commercial refreshes driving mid-single-digit growth. Similarly, the smartphone market, already seeing modest growth in 2024, is forecasted to accelerate next year, boosted by subsidies in China.
On the networking front, datacenter switches and wireless LANs are primed for the most substantial rebounds in 2025, reflecting enterprises' push toward datacenter investments. 
This sets the stage for Arista and Cisco, both benefiting from secular shifts in cloud and AI-driven networking.
<h2 class="wp-block-heading">Dell, Corning, Coherent Lead The Charge</h2>
JPMorgan's call for a cyclical rebound beyond AI hype highlights a return to fundamentals, with Dell, Corning, and Coherent leading the charge. 
With broader end markets poised for recovery, these names stand out as key beneficiaries in the next phase of tech and industrial growth.
Investors looking for opportunities in a post-AI frenzy market may find this pivot toward a cyclical recovery both timely and lucrative.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42504194/us-stocks-to-open-higher-ahead-of-feds-decision-this-week-analyst-says-santa-comes-later-in-december">US Stocks To Open Higher Ahead Of Fed&#8217;s Decision This Week: Analyst Says &#8216;Santa Comes Later In December&#8217;</a></li>
</ul>
Photo: Shutterstock

Long Ideas

COHR

CSCO

Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'

HSBC analyst Stephen Bersey upgraded Corning (GLW) to Buy from Hold with a price target of $60, up from $51. Published first on TheFly – the ultima...

Corning upgraded to Buy from Hold at HSBC

Corning Inc ( ($GLW) ) has released its Q4 earnings. Here is a breakdown of the information Corning Inc presented to its investors. Corning Incorpo...

Corning Announces Robust 2024 Financial Performance

HSBC analyst Stephen Bersey last night upgraded Corning (GLW) to Buy from Hold with a price target of $60, up from $51, post the Q4 beat. The compa...

HSBC upgrades Corning to Buy on improving demand trends

There's a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Corning (GLW – Research Report) and Scotts Miracle-Gr...

Analysts Are Bullish on Top Materials Stocks: Corning (GLW), Scotts Miracle-Gro Company (SMG)

In a report released yesterday, Jim Kelleher from Argus Research maintained a Buy rating on Corning (GLW – Research Report). The company's shares c...

New Buy Rating for Corning (GLW), the Basic Materials Giant

Argus raised the firm's price target on Corning (GLW) to $68 from $58 and keeps a Buy rating on the shares. The company's Q4 results topped estimat...

Corning price target raised to $68 from $58 at Argus

Corning raised to Buy at HSBC on stronger, clearer growth drivers

Precision manufacturing stocks are reshaping engineering and driving innovation in various other sectors. Therefore, you might add fundamentally stable precision manufacturing stocks like Corning Incorporated (GLW), Watts Water Technologies (WTS), and TE Connectivity (TEL) to their portfolios. Continue reading… Precision manufacturing has become a cornerstone of modern engineering, enabling industries to achieve unparalleled levels of accuracy and efficiency. These companies specialize in creating high-quality components used in sectors like aerospace, medical devices, and automotive.
Amid this backdrop, investors might consider grabbing shares of three well-positioned precision manufacturing stocks, Corning Incorporated (<a href="https://stocknews.com/stock/GLW/">GLW</a>), Watts Water Technologies, Inc. (<a href="https://stocknews.com/stock/WTS/">WTS</a>), and TE Connectivity plc (<a href="https://stocknews.com/stock/TEL/">TEL</a>), for potential gains.
The rapid evolution of manufacturing technology underscores the need for industries to adapt and innovate. Precision manufacturers are revolutionizing traditional production methods by leveraging advanced technologies such as Computer Numerical Control (CNC) machining and 3D printing. Manufacturers embracing these manufacturing automation trends can maintain a competitive edge while fostering greater sustainability and an efficient future. 
As per the Deloitte outlook, favorable economic conditions in 2025, such as lower interest rates and continued investment in U.S. manufacturing, <a href="https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-outlook.html">might reignite the demand in the industry</a>. Also, in the third quarter of 2024, the manufacturing sector <a href="https://nam.org/manufacturing-in-the-united-states/facts-about-manufacturing-expanded/">contributed $2.93 trillion to the U.S. economy</a>, which was 10% of the total value-added output. 
Furthermore, the industry is increasingly adopting automation and digital tools to enhance productivity and reduce costs. Smart factories equipped with IoT-enabled machinery and real-time monitoring systems are becoming the norm, enabling manufacturers to push the boundaries of engineering excellence further.
According to Statista, the global manufacturing market is projected to <a href="https://www.statista.com/outlook/io/manufacturing/worldwide">reach $13.8 trillion in 2025</a>, growing at a CAGR of 1.4%
Now, let's take a closer look at the fundamentals of the above-mentioned three <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> stocks, beginning with the third pick.
Stock #3: Corning Incorporated (<a href="https://stocknews.com/stock/GLW/">GLW</a>)
GLW is a materials science, technology, and innovation company. The company operates through five segments: Optical Communications; Display Technologies; Specialty Materials; Environmental Technologies; and Life Sciences.
On January 22, GLW and Samsung Electronics Co., Ltd. announced that the Galaxy S25 Ultra will feature Corning&#xAE; Gorilla&#xAE; Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. This collaboration provides customers with advanced and innovative technologies and sets a new standard of durability.
On October 28, AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>) and GLW signed a multi-year purchase agreement. Under this agreement, GLW will provide next-generation fiber, cable, and connectivity solutions to support AT&amp;T's fiber network expansion and help bring high-speed internet.
For the third quarter of 2024, which ended on September 30, GLW's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 6.9% year-over-year to $3.39 billion. The company's operating income for the quarter amounted to $302 million, representing an increase of 28% year-over-year.
Its core net income stood at $465 million, up 20.5% year-over-year, while its core earnings per share rose 20% from the prior year's quarter to $0.54. Also, GLW's adjusted free cash flow grew 18.7% from the year-ago value to $553 million.
The consensus revenue estimate of $3.76 billion for the fiscal fourth quarter (ended December 2024) represents a 14.9% increase year-over-year. The consensus EPS estimate of $0.56 for the current quarter indicates a 42.7% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus revenue estimates in each of the trailing four quarters.
The stock has gained 77.4% over the past year and 72.7% over the past nine months to close the last trading session at $54.01.
GLW's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
GLW has an A grade for Growth and Momentum and a B for Sentiment. It is ranked #14 out of 35 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. <a href="https://stocknews.com/stock/GLW/">Click here</a> to see the additional ratings for GLW (Value, Stability, and Quality).
Stock #2: Watts Water Technologies, Inc. (<a href="https://stocknews.com/stock/WTS/">WTS</a>)
WTS is a global supplier of products, solutions, and systems that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets. 
On January 6, WTS announced the completion of the acquisition of I-CON Systems Inc., a leading provider of plumbing control solutions primarily for the corrections market. This acquisition will bring I-CON's innovative water management systems that allow WTS to expand its digital offerings and strengthen its position in the market.
On December 13, demonstrating its commitment to returning value to shareholders, the company paid a quarterly dividend of $0.43 per share, up 35% from the previous quarter. WTS pays an annual dividend of $1.72, which translates to a yield of 0.81% at the current share price. Its four-year average dividend yield is 0.72%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 17.7% over the past three years.
WTS' net sales for the third quarter (ended September 29, 2024) increased 7.8% year-over-year to $543.60 million. Its gross profit stood at $257.10 million, indicating a 9.7% growth from the prior-year quarter.
Its net income rose 5% from the year-ago value to $69.10 million, while its net income per share stood at $2.06, up 5.1% year-over-year. Also, the company reported a free cash flow of $204.20 million, indicating a 12.3% growth from the prior year's quarter.
Analysts expect WTS' revenue and EPS for the current year (ended December 2024) are expected to grow by 9.4% and 5.6% from the prior year to $2.25 billion and $8.73, respectively.
Over the past three months, the stock has surged 13.7%, closing the last trading session at $211.07.
It's no surprise that WTS has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Momentum and Quality. Out of 35 stocks in the same B-rated industry, WTS is ranked #7.
Beyond what is stated above, we've also rated WTS for Growth, Value, Stability, and Sentiment. Get all WTS ratings <a href="https://stocknews.com/stock/WTS/">here</a>.
Stock #1: TE Connectivity plc (<a href="https://stocknews.com/stock/TEL/">TEL</a>)
Based in Ballybrit, Ireland, TEL is a global industrial technology company that manufactures and sells connectivity and sensor solutions. The company operates through three segments: Transportation Solutions; Industrial Solutions; and Communications Solutions. 
With 13 years of consecutive dividend growth, TEL pays an annual dividend of $2.60, which translates to a yield of 1.75% at the current share price. Its four-year average dividend yield is 1.62%. Also, the company's dividend payouts have increased at CAGRs of 8.7% and 6.9% over the past three and five years, respectively.
During the first quarter that ended December 27, 2024, TEL posted a total group revenue of $3.84 billion, indicating a marginal growth from the prior-year quarter. Its adjusted EBITDA increased marginally year-over-year to $931 million, and the adjusted EPS came in at $1.95, which is up 6% year-over-year. Also, the company's free cash flow amounted to $674 million, reflecting an increase of 18.2% year-over-year.
Street expects TEL's revenue for the fiscal second quarter (ending March 2024) to increase marginally year-over-year to $4.01 billion. Its EPS for the same period is expected to register a 6% growth from the prior year, settling at $1.97. In addition, it surpassed the EPS in each of the trailing four quarters, which is promising.
The stock has gained 16.4% over the past year and 7.9% over the past month to close the last trading session at $155.09.
TEL's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
TEL has a B grade for Value, Momentum, Stability, and Quality. It is ranked #2 in the Industrial - Manufacturing industry. <a href="https://stocknews.com/stock/TEL/">Click here</a> to access the TEL's additional ratings for Growth and Sentiment.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
TEL shares were trading at $155.93 per share on Thursday afternoon, up $0.84 (+0.54%). Year-to-date, TEL has gained 9.06%, versus a 3.69% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/tel-glw-wts-t-3-precision-manufacturing-stocks-pushing-boundaries-in-engineering/>3 Precision Manufacturing Stocks Pushing Boundaries in Engineering</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Precision Manufacturing Stocks Pushing Boundaries in Engineering

Corning Inc (($GLW)) has held its Q4 earnings call. Read on for the main highlights of the call. During Corning Inc's latest earnings call, the sen...

Corning Inc's Earnings Call Highlights Strong Growth

Press Releases

Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands

Contracts

Axion BioSystems Continues Agreement Giving Corning® Exclusive Rights to Distribute Award-Winning Cell Counting Device

Corning Provides Update on Key Milestones in 'Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Shares Operating-Margin Target of 20% by End of 2026

Corning Unveils EXTREME ULE® Glass to Enable Next Generation of Microchips

Corning Announces Quarterly Dividend

AT&T and Corning Expand Collaboration with Multi-Year Purchase Agreement

Corning Reports Strong Third-Quarter 2024 Financial Results(1) Highlighting Key Milestones in 'Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Achieve Operating Margin of 20%, by the End of 2026

Samsung Galaxy S25 Ultra Introduces Corning® Gorilla® Armor 2, the Industry's First Anti-Reflective Glass Ceramic for Mobile Devices

Corning Reports Strong Fourth-Quarter and Full-Year 2024 Financial Results,(1) Marking Successful First Year of 'Springboard' Plan

Comments

Corning

Interés en corto

Corning (NYSE:GLW) Bolsa, Informe de interés en corto

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL