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Corning Inc .’s stock reached a significant milestone, hitting a 52-week high of 55.36 USD. The technology company, now valued at $47.16 billion, continues to demonstrate strong momentum according to InvestingPro data, though current analysis suggests the stock may be slightly overvalued. This marks a notable achievement for the company, reflecting strong performance over the past year. The stock has experienced a 26.12% increase in its value over the last 12 months, indicating robust investor confidence and positive market sentiment. Adding to its appeal, Corning maintains a 2.07% dividend yield and has consistently paid dividends for 19 consecutive years. This upward trajectory highlights Corning’s resilience and growth potential in the current economic landscape. InvestingPro subscribers can access 12 additional key insights about Corning’s financial health and market position through the comprehensive Pro Research Report.
In other recent news, Corning Incorporated (NYSE:GLW) reported financial results for the first quarter of 2025, exceeding analysts’ expectations. The company achieved earnings per share (EPS) of $0.54, surpassing the forecast of $0.51, and recorded revenue of $3.68 billion, which was higher than the anticipated $3.64 billion. The Optical Communications segment notably contributed to this growth, with a 106% year-over-year increase in Enterprise Network sales. Looking ahead, Corning has provided guidance for the second quarter of 2025, suggesting a 7% year-over-year revenue increase and a 21% rise in EPS. Oppenheimer analyst Martin Yang adjusted Corning’s stock price target to $55 from $58, while maintaining an Outperform rating. In other developments, Corning announced leadership changes, with the retirement of Eric S. Musser, the current president and chief operating officer, later this year. Additionally, Corning declared a quarterly dividend of $0.28 per share, continuing its commitment to return value to shareholders.
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