2024-06-25 07:51:37 ET
Summary
- Corning Inc. sales took a hit in 2023 due to tough markets but maintained profitability and has potential for outperformance.
- The company's margins remained consistent during difficult times, with a promising outlook in the Display Technologies and Optical Communications segments.
- Valuation model suggests conservative growth and stable margins, with intrinsic value of $56 per share, indicating company is trading at a discount.
Introduction
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Corning: Better Days Are Ahead