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Barchart
Barchart
Ebube Jones

Is Corning a Good Stock to Buy After Earnings?

Corning GLW Deutsche Bank Lumen

Corning Inc. (GLW) has been a key player on the cutting edge of the tech industry since partnering with Apple (AAPL) for the first iPhone in 2007. Known for innovations like Gorilla Glass, its Q2 2024 earnings report showed record sales growth for Corning's enterprise optical business, driven by the strong adoption of new optical connectivity products tailored for generative artificial intelligence (AI).

Despite beating Q2 expectations, Corning stock sold off after earnings, due to soft guidance for the upcoming quarter. However, Deutsche Bank upgraded the stock to “Buy” post-report, citing the potential for double-digit growth driven by genAI opportunities and the company's strategic initiatives, such as the Springboard Plan. 

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