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.
Aroon Indicator for GLW shows an upward move is likely
GLW's Aroon Indicator triggered a bullish signal on July 02, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 229 similar instances where the Aroon Indicator showed a similar pattern. In of the 229 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 23, 2025. You may want to consider a long position or call options on GLW as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GLW just turned positive on July 01, 2025. Looking at past instances where GLW's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for GLW moved above the 200-day moving average on June 24, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GLW advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 June 30, 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.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 78, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (4.239) is normal, around the industry mean (4.652). P/E Ratio (102.000) is within average values for comparable stocks, (49.123). Projected Growth (PEG Ratio) (0.526) is also within normal values, averaging (1.965). Dividend Yield (0.021) settles around the average of (0.027) among similar stocks. P/S Ratio (3.394) is also within normal values, averaging (4.709).
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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