Corning (GLW, $27.77) lowers revenue guidance; Apple awards $250 million for Corning's R&D
Corning shares declined in premarket Tuesday, after it slashed third quarter guidance for its display and optical communications segments. But some of the downside in the shares was potentially arrested by Apple's announcement of granting $250 million to the maker of specialty glass and advanced optics.
Corning is now expecting a reduction of between -3% and -5% of revenue in its optical communications segment, compared with its previous forecast of a low-to-mid-single digit percentage increase. Analysts polled by FactSet were forecasting a +4.3% increase.
According to Corning's latest prediction, its third-quarter display technologies prices would be flat sequentially, and its full-year glass prices would decline by a low-to-mid-single-digit percentage. Analysts expected that segment to increase 2.1%.
But what probably mitigated some of Tuesday’s headwinds to Corning’s stock was an announcement from Apple – which uses Corning’s glass for its iPhones and smartwatches. On Tuesday, Apple posted on its website that it is awarding $250 million from its Advanced Manufacturing Fund to Corning towards supporting Corning’s research and development into state-of-the-art glass processes, equipment and materials to be incorporated in next-generation consumer devices.
Momentum Indicator for GLW turns negative, indicating new downward trend
GLW saw its Momentum Indicator move below the 0 level on October 20, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned negative. In of the 89 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for GLW moved out of overbought territory on October 10, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where GLW's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GLW turned negative on October 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GLW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GLW broke above its upper Bollinger Band on October 08, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GLW advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 260 cases where GLW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GLW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.570) is normal, around the industry mean (5.678). P/E Ratio (90.723) is within average values for comparable stocks, (63.369). Projected Growth (PEG Ratio) (0.721) is also within normal values, averaging (1.867). Dividend Yield (0.013) settles around the average of (0.023) among similar stocks. P/S Ratio (5.219) is also within normal values, averaging (4.043).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a manufacturer of specialty glass and ceramics
Industry ElectronicComponents
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