Latest news with #CorningIncorporated
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Business Standard
6 days ago
- Business
- Business Standard
Optiemus Infracom targets ₹2,000 cr revenue from tempered glass screens
Electronics manufacturer Optiemus Infracom expects revenue of Rs 1,800-2,000 crore in the financial year 2027 from its tempered glass screen protectors business, a top company official said on Wednesday. The company launched RhinoTech -- Made-in-India Tempered Glass Screen Protectors, which uses glass engineered by Corning. Optiemus Infracom Chairman Ashok Kumar Gupta said that RhinoTech brings global technology and innovation with enhanced hygienic benefits like anti-microbial glass. "It is the first time in India that such advanced screen protection, developed with glass from Corning Incorporated, will be produced locally and made available for both domestic and international markets. We expect additional revenue of Rs 1,800-2,000 crore in financial year 2027 from RhinoTech business," Gupta said. RhinoTech screen protectors will be manufactured at Optiemus' facility in Noida, Uttar Pradesh.
Economic Times
6 days ago
- Business
- Economic Times
Optiemus Infracom eyes Rs 2,000 cr revenue from tempered glass screen protectors
The company launched RhinoTech -- Made-in-India Tempered Glass Screen Protectors, which uses glass engineered by Corning. Optiemus Infracom Chairman Ashok Kumar Gupta said that RhinoTech brings global technology and innovation with enhanced hygienic benefits like anti-microbial glass. Tired of too many ads? Remove Ads Electronics manufacturer Optiemus Infracom expects revenue of Rs 1,800-2,000 crore in the financial year 2027 from its tempered glass screen protectors business, a top company official said on company launched RhinoTech -- Made-in-India Tempered Glass Screen Protectors, which uses glass engineered by Corning Optiemus Infracom Chairman Ashok Kumar Gupta said that RhinoTech brings global technology and innovation with enhanced hygienic benefits like anti-microbial glass."It is the first time in India that such advanced screen protection, developed with glass from Corning Incorporated, will be produced locally and made available for both domestic and international markets. We expect additional revenue of Rs 1,800-2,000 crore in financial year 2027 from RhinoTech business," Gupta screen protectors will be manufactured at Optiemus' facility in Noida, Uttar Pradesh.
Time of India
6 days ago
- Business
- Time of India
Optiemus Infracom eyes Rs 2,000 cr revenue from tempered glass screen protectors
The company launched RhinoTech -- Made-in-India Tempered Glass Screen Protectors, which uses glass engineered by Corning. Optiemus Infracom Chairman Ashok Kumar Gupta said that RhinoTech brings global technology and innovation with enhanced hygienic benefits like anti-microbial glass. Tired of too many ads? Remove Ads Electronics manufacturer Optiemus Infracom expects revenue of Rs 1,800-2,000 crore in the financial year 2027 from its tempered glass screen protectors business, a top company official said on company launched RhinoTech -- Made-in-India Tempered Glass Screen Protectors, which uses glass engineered by Corning Optiemus Infracom Chairman Ashok Kumar Gupta said that RhinoTech brings global technology and innovation with enhanced hygienic benefits like anti-microbial glass."It is the first time in India that such advanced screen protection, developed with glass from Corning Incorporated, will be produced locally and made available for both domestic and international markets. We expect additional revenue of Rs 1,800-2,000 crore in financial year 2027 from RhinoTech business," Gupta screen protectors will be manufactured at Optiemus' facility in Noida, Uttar Pradesh.
Yahoo
06-08-2025
- Business
- Yahoo
What Are Wall Street Analysts' Target Price for Corning Stock?
With a market cap of $54.1 billion, Corning Incorporated (GLW) is a global technology company that develops and manufactures specialty glass, ceramics, and optical physics-based products for a wide range of industries. It serves key markets including optical communications, display technologies, specialty materials, environmental technologies, and life sciences. Shares of the Corning, New York-based company have outpaced the broader market over the past 52 weeks. GLW stock has surged 67.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 21.5%. Moreover, shares of Corning have soared 32.9% on a YTD basis, compared to SPX's 7.1% rise. More News from Barchart Palantir's Free Cash Flow Margins and Forecasts Rise - Where This Leaves PLTR Stock Cathie Wood is Buying Figma Stock with Both Hands. Should You Buy This Hot IPO, Too? Can SoundHound's Q2 Results Send the Stock Soaring on August 7? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Looking closer, the specialty glass maker stock has also outperformed the Technology Select Sector SPDR Fund's (XLK) return of 31.4% over the past 52 weeks and a 11.9% increase on a YTD basis. Shares of Corning climbed 11.9% on Jul. 29 after the company reported stronger-than-expected Q2 2025 adjusted EPS came in at $0.60 and core sales reached $4.05 billion. Its largest segment, Optical Communications, saw a 41% year-over-year sales increase to $1.6 billion, driven by AI-fueled demand for optical connectivity in hyperscale data centers. Corning also guided Q3 core sales of $4.2 billion and EPS of $0.63 - $0.67, both ahead of Wall Street estimates, further boosting investor confidence. For the fiscal year ending in December 2025, analysts expect GLW's adjusted EPS to grow 24.5% year-over-year to $2.44. The company's earnings surprise history is promising. It beat the consensus estimates in the last four quarters. Among the 11 analysts covering the stock, the consensus rating is a 'Strong Buy.' That's based on eight 'Strong Buys' and three 'Holds.' On Jul. 30, Oppenheimer raised Corning's price target to $72 and maintained an 'Outperform' rating. The firm cited strong Q3 guidance and growth potential from Corning's Springboard plan and U.S. manufacturing footprint. As of writing, the stock is trading below the mean price target of $68. The Street-high price target of $80 implies a potential upside of 26.6% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
30-07-2025
- Business
- Yahoo
Corning Inc. (GLW) Soars 11.8% on Impressive Q2, Optimistic Outlook
We recently published . Corning Incorporated (NYSE:GLW) is one of the best-performing stocks on Monday. Corning Inc. surged by 11.86 percent on Tuesday to close at $61.98 apiece as investors cheered its strong earnings performance in the second quarter and optimistic business outlook for the rest of the year. In its earnings release, Corning Incorporated (NYSE:GLW) said it achieved a 351-percent jump in net income in the second quarter of the year, at $469 million, versus the $104 million in the same period last year. Net sales also increased by 19 percent to $3.86 billion from $3.25 billion year-on-year. Photo by Quino Al on Unsplash 'Looking ahead, we expect our strong Springboard performance to continue. We're seeing remarkable customer response to both our new Gen AI and US-made solar products. And we're driving more Corning content into our Mobile Consumer Electronics, Display, Automotive, and Optical Communications platforms,' said Corning Incorporated (NYSE:GLW) Chairman and CEO Wendell Weeks, adding that the company also expects additional growth drivers to emerge in the next few months as customers leverage its large US advanced manufacturing footprint. 'In total, we are positioned to deliver durable growth that will serve us well through 2026 and beyond,' he noted. While we acknowledge the potential of GLW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
