GLW corning

[asqueldaz]

December 3, 2010 10:43 AM EST

Standpoint Research initiates coverage on Corning (NYSE: GLW) with a Buy rating and $24 price target.

The firm states, "We have been watching GLW from the sidelines for some time and are ready to step in here. The shares have under-performed the S&P-500 by 1000 bps since August 4 and underperformed the Nasdaq by 1500 bps. In our opinion, GLW is undervalued by more than 20%. Our price target is 11X-12X earnings potential of $2.00-$2.20 looking out to 2012. What is just as important as the upside here is that given the underperformance these last four months, GLW may out-perform in a sideways or declining market (if we get a correction off the recent rally).

If the economy cooperates, our multiple and earnings forecast will prove conservative. If GLW goes back in favor, we could take out the three-year high of $27 from 2008 and the five-year high of $29 from 2006. If we were going to set a 2012-2013 price target (as opposed to 2011-2012 in the headline), it would be $27-$29."


StreetInsider.com - Standpoint Research Starts Corning (GLW) at Buy

 

[asqueldaz]

Jan. 25, 2011, 10:06 a.m. EST

Shares of Corning Inc. (GLW 21.13, +7.56%) jumped nearly 5% to $20.58 on Tuesday morning after the company reported better-than-expected revenue for the fourth quarter. Analyst Brian White of Ticonderoga said in a note to clients that the company's forecast for its various business units was also above Wall Street's estimates. Corning makes glass used in LCD and touch-screen displays, which is expected to benefit from the growing market for tablet devices and smartphones.

http://www.marketwatch.com/story/corning-shares-jump-on-strong-results-2011-01-25

 

[asqueldaz]

January 26, 2011 7:45 AM EST

Credit Agricole upgraded Corning (NYSE: GLW) from Outperform to Buy. Price Target increased from $21 to $26.

StreetInsider.com - Credit Agricole Upgrades Corning (GLW) to Buy

January 26, 2011 9:42 AM EST

Jefferies is maintaining their Hold rating on Corning (NYSE: GLW) as the firm reports that they like the company's long-term fundamentals of the business, but believes that the share price of GLW already reflect the recovery of the LCD TV supply chain and large sum of the momentum in Gorilla Glass. They are raising their FY11 EPS and revenue estimates to $1.95 and $7,909 million from $1.92 and $7,500 million. Jefferies plans on sitting on the company for some time and is raising their price target to $22 from $18.25.

StreetInsider.com - Jefferies Raises Price Target on Corning (GLW) As Firm Looks Toward The Future, Maintains Hold Rating

January 26, 2011 9:26 AM EST

Brigantine Advisors reiterates a 'Buy' on Corning (NYSE: GLW), raises PT from $22 to $23.

Brigantine analyst says, "With inventory levels returning to a healthy state, IT panel pricing stable, TV panel ASP declines moderating, utilization rates aggressively managed, and demand poised to pick up at the end of 1Q11, we continue to believe that the LCD industry is approaching a “bottom”. Fundamentally, we believe Corning is a robust company building on its core competencies to increase its revenue opportunities (i.e. solar, environmental technologies, touch, life sciences), while maintaining its dominant position in current markets."

StreetInsider.com - Brigantine Advisors Reiterates a 'Buy' on Corning (GLW); LCD Industry Approaching Bottom

 

[asqueldaz]

10/26/2011 @ 9:50AM

Corning shares are trading higher Wednesday morning on better-than-expected Q3 results.

The LCD glass maker posted revenue of $2.075 billion, up 3% sequentially and 30% year-over-year, and ahead of the Street at $2.01 billion. Non-GAAP profits of 48 cents a share were nicely ahead of the Street at 42 cents.

“We had a very respectable quarter with all of our segments showing double-digit percentage sales growth over last year,” CEO Wendell Weeks said in a statement. “Our results were in line with the revised forecast we provided in September, when we first explained that LCD glass volume would be lower than expected as a result of a slowing in panel maker utilization rates and some share loss” at the company’s Samsung Corning joint ventures.

“We saw particularly robust performance in our Telecommunications segment with strong year-over-year growth in all product lines. Global demand for optical fiber remains healthy,” he added.

Corning Q3 Tops Estimates - Forbes



Corning jumps as UBS analyst keeps "Buy" rating - Forbes.com

 

[asqueldaz]

March 7 , 2012
Apple's major product launch on Wednesday could potentially spell good news for the tech giant's partners Qualcomm(QCOM), TriQuint Semiconductor(TQNT), Corning(GLW) and Nuance(NUAN).
True to form, the Cupertino, Calif.-based company is keeping details of its new product close to the vest; but the speculation is that the world will get a look at a new version of Apple's phenomenally successful iPad at San Francisco's Yerba Buena Center on Thursday.
...

4 Stocks Poised for Apple iPad 3 Boost - TheStreet

 

[asqueldaz]

April 24, 2012

J.P. Morgan

For Juniper Networks (ticker: JNPR), we expect weak capital expenditure first-quarter spending and enterprise seasonality to weigh on overall first-quarter 2012 results (due Tuesday the 24th) but see some possibility for better second-quarter guidance.

Backed by our recent capital expenditure analysis, we anticipate Juniper will benefit from more normal capital-expenditure seasonality in 2012, but don't think Juniper is as well-positioned as some of its peers.

We remain cautious on the uncertain ramp of Juniper's new products such as QFabric and PTX and believe the T4000 won't start ramping until at least the fourth-quarter of 2012.

We expect first-quarter 2012 revenue of $975.8 million, which is just 0.2% lighter than consensus of $977.6 million and at the midpoint of Juniper's guidance of $960 million-$990 million.

We forecast first-quarter 2012 earnings per share (EPS) of 13 cents, in line with the consensus.

We believe the Street is expecting a rebound in Corning's (GLW) shares as it reports first-quarter earnings (slated for Wednesday the 25th).

However, demand and pricing fundamentals look anything but stable to us. Display search recently cut its 2012 LCD TV demand forecast by 2% to 220 million representing 7% year-over-year growth, which is still above our current 210 million estimate.

We expect Corning to also cut its expectations for LCD TV demand for 2012. In addition, we are looking for an update on the shipment status at LGD (liquid glass display) where we believe that Nippon Electric Glass (of Japan) has continued to ship lower priced TFT LCD and color filter glass and take share from Corning.

We are forecasting first-quarter 2012 revenue of $1.823 billion with implied guidance at $1.89 billion year-over-year and the Street at $1.87 billion and earnings-per-share of 26 cents with the Street at 28 cents.

We look for Infinera (INFN) to benefit from the upcoming 100G optical upgrade cycle, but remain cautious near term. (Results are expected on Wednesday the 25th.)

Early DTN-X (a multi-terabit packet-optical transport network platform) interest appears promising, but we would like to see evidence that Tier 1s are buying the product. We also see potential risk to second-quarter 2012 given ongoing DTN-X evaluations and gross-margin volatility.

We'd look to get more constructive on Infinera following a clearer path to margin and earnings improvement and more Tier 1 DTN-X traction.

We are forecasting first-quarter 2012 revenue at the midpoint of guidance at $105 million and slightly below consensus of $105.9 million.

We expect a first-quarter loss of 12 cents per share, which is in line with consensus and at the midpoint of guidance.

We expect a poor first-quarter print from Tellabs (TLAB) though we believe second-quarter guidance has a small chance of showing stability given what we believe was a return to spending at AT&T (T).

We expect the earnings call to focus on CEO Rob Pullen's recent announcement that he has colon cancer. We continue to believe 2012 consensus expectations for Tellabs are now realistic. Results are scheduled to be announced on Thursday the 26th.

J.P. Morgan Handicaps Upcoming Quarterly Reports for Juniper, Corning, Infinera, Tellabs - Barrons.com

 

[asqueldaz]

4/25/2012 @ 9:21AM

Corning this morning posted better-than-expected financial results for the first quarter.

The company reported revenue of $1.92 billion, up 2% sequentially, off 0.2% year-over-year and ahead of the Street at $1.87 billion. Non-GAAP profits of 30 cents a share were ahead of the Street at 28 cents.

The glass maker noted that its wholly owned LCD glass volumes were up mid-single digits sequentially and up 10% year-over-year. Volume at the company’s Samsung Corning joint venture was ahead of expectations, declining less than 10% both sequentially and year-over-year. Telecom sales were up 4% sequentially and 7% year-over year.

A star in the quarter was the company’s speciality materials segment, which includes Gorilla Glass, which is used in mobile phones and tablets; sales for the segment were up 21% sequentially and 13% year-over-year. Environmental sales were up 12% sequentially and 2% year over year.

““We are pleased with the progress we made in the first quarter,” CEO Wendell P. Weeks said in a statement. “Our overall business performance is on track with our expectations. First-quarter sales in our Telecommunications, Environmental Technologies, Life Sciences, and Specialty Materials business segments grew, and we continued making strategic investments to create new revenue streams for the company. In the Display Technologies segment, LCD glass volume was slightly better than our forecast. And, we were especially delighted with the strength of Corning Gorilla Glass sales in the quarter.”

The company also provided generally upbeat guidance:

“After two successive quarters of significant LCD glass price declines, we expect our price declines will be much more moderate this quarter,” CFO James Flaws said in a statement.

Flaws pointed out that LCD glass volumes are expected to be consistent in the company’s wholly owned business and up slightly in Samsung Corning Precision this quarter.
The company expects stronger LCD glass volume growth later in the year, driven primarily by normal retail seasonality.
Telecommunications segment sales are expected to grow in the range of low to mid-teens, driven by continued strong demand worldwide for fiber-to-the-home products, enterprise network solutions and fiber and cable products.
Specialty Materials segment sales are anticipated to grow in the range of 10% to 15%, driven primarily by the continued demand for Corning Gorilla Glass for the handheld and information technology markets.
Environmental Technologies segment sales are expected to be consistent with the first quarter
In the Life Sciences segment, Corning expects sales up 5% to 10% “as the company realizes the full synergies of recent acquisitions.”
....

Corning Q1 Tops Estimates; Gorilla Glass Stars; Shares Rally - Forbes

 

[asqueldaz]

June 6, 2012 12:24 PM EDT

UBS maintains a 'Buy' on Corning (NYSE: GLW) price target of $16.50.

Analyst, Nikos Theosodopoulos, commented on Corning from the SID Conference, saying 'Thin is In'.
....

StreetInsider.com - UBS Maintains a 'Buy' on Corning (GLW); Thin Is In

CORNING, N.Y., Jun 07, 2012 (BUSINESS WIRE) -- Corning Incorporated GLW today announced its plans for InfoComm 2012 in Las Vegas, June 9 - 15. The Corning booth, # N2551 North Hall, will highlight Corning(R) Gorilla(R) Glass' unique combination of beauty and toughness and its creation of exciting new possibilities for large-size displays -- specifically for advanced multi-touch and digital signage products.

.................

Corning to Highlight Corning(R) Gorilla(R) Glass for Large Cover-Glass Applications at InfoComm 2012 - MarketWatch

 

[teaspoon]

Ciaoooo,olèèè oggi le ho prese ste azioni,che si dice qui?