- Corning spiked 16% and closed up 11% on January 26, 2022. The bullish reaction was in response to its Q4 2021 earnings report and stronger than expected guidance for 2022.
- Display Technologies is Corning’s largest income generator at 42% of the total. The long-term profit margin decline is now reversing, setting the stage for renewed profit growth.
- Optical Communications is Corning’s largest revenue segment and top net income grower. Global infrastructure plans and a strong backlog provide visibility for enhanced growth and profitability.
- Corning fully entered the semiconductor market in 2020. The consolidation of Hemlock Semiconductor will drive growth as semiconductor and solar cell manufacturing are a top priority in the US.
- With above-average growth prospects and a steep valuation discount to the market and its peers, Corning offers an asymmetric risk/reward opportunity as an industry leader.
For further details see:
Corning: On The Cusp Of A New Bull Market