Latest news with #CorningIncorporatedGLW
Yahoo
14-05-2025
- Business
- Yahoo
GLW, AVGO Partner to Boost Processing Capabilities of AI Data Centers
Corning Incorporated GLW recently announced that it has entered into a multi-year collaboration with Broadcom Incorporated (AVGO), a premier designer, developer, and global supplier of a broad range of semiconductor devices. Through this partnership with Corning, Broadcom is aiming to deliver a next-generation co-packaged optics (CPO) infrastructure designed to enhance the processing capabilities of data centers, marking a significant step toward addressing the growing demands of artificial intelligence (AI) today's hyper-connected digital world, as AI technologies evolve and scale, data centers are increasingly focusing on delivering faster performance, higher bandwidth, and improved energy efficiency. Broadcom's Bailly CPO system features eight optical engines, each offering 6.4 terabit per second (Tbps) of bandwidth through silicon photonics. These engines are co-packaged with the Tomahawk5 Ethernet switch chip, enabling seamless high-speed data transmission. Corning will serve a critical role as a qualified supplier of the optical infrastructure supporting these engines. The company will provide a suite of high-performance optical components, including fiber harnesses equipped with front-plate and external laser module connectors, single-mode and polarization-maintaining fibers, and precision fiber array units. The integration of such cutting-edge technologies is expected to deliver significant improvements in optical interconnection density and power savings, making it the industry's first CPO-based 51.2 TBps ethernet switch. Corning's competitive strength lies in its focus on innovation. The company offers a range of products focused on the data center, with a portfolio that includes optical fiber, hardware, cables, and connectors, enabling it to create customized optical solutions that meet evolving customer needs. The growing adoption of innovative optical connectivity products for generative AI applications is expected to be a key growth driver in the Optical Communication continues to expand its portfolio of data center solutions with innovations like the CPO FlexConnect Fiber. This single-mode fiber is engineered for enhanced bend performance and reduced multi-path interference, optimizing overall system performance within CPO architectures. In addition to this effort, both companies are now expanding their efforts to develop next-generation CPO solutions based on 200G per lane technology, aiming to unlock even greater efficiency and data throughput. These advancements are expected to generate incremental demand for Corning's solutions, leading to higher revenues. An improved financial performance is likely to propel the stock upward. Shares of Corning have soared 35.6% over the past year compared with the industry's growth of 33.2%. Image Source: Zacks Investment Research Corning currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the broader industry have been discussed below:InterDigital IDCC carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In the trailing four quarters, InterDigital delivered an earnings surprise of 160.15%. The company is a pioneer in advanced mobile technologies that enable wireless communications and designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G, and IEEE 802-related products and Networks, Inc. ANET, carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely – cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Corning Incorporated (GLW) : Free Stock Analysis Report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
29-04-2025
- Business
- Yahoo
GLW Set to Report Q1 Results: Will Top-Line Growth Boost Earnings?
Corning Incorporated GLW is set to report first-quarter 2025 results on April 29, before the opening bell. It delivered a trailing four-quarter earnings surprise of 3.34%, on average. In the last reported quarter, the company reported an earnings surprise of 1.79%. The New York-based advanced glass substrates producer is likely to have witnessed revenue growth year over year, owing to healthy demand in several segments. Strong focus on product innovation and healthy AI traction are tailwinds. In the to-be-reported quarter, Samsung Electronics, the world's second-largest manufacturer of smartphones, opted to deploy Corning's Gorilla Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for its Galaxy S25 Ultra devices. The product's anti-reflective properties reduce surface reflections in both indoor and outdoor ambient settings, enhancing the display contrast ratio and delivering an exceptional user experience in various lighting conditions. This initiative underscores the enduring collaboration between Samsung and Corning and the two companies' shared commitment to innovation and customer satisfaction. During the quarter, Corning launched GlassWorks AI solutions, a comprehensive product suite tailored to support fiber densification with network planning, designing and deployment in AI-native data centers. The cable's compact and innovative design allows for the fitting of double fiber into existing cable diameters. This enables the expansion of data center capacity without substantial infrastructure changes, ensuring cost efficiency. In the March quarter, the company also extended its portfolio of durable cover materials with the launch of Corning Gorilla Glass Ceramic, bringing an advanced protective layer for the safety of mobile devices. This innovative transparent material significantly improves drop performance on rough surfaces compared to competitive aluminosilicate glasses, surviving 10 repeated drops from one meter on surfaces replicating asphalt in lab testing. The introduction of such innovative products are likely to have generated incremental revenues in the upcoming quarter and propel the stock. Corning's comprehensive portfolio of data center solutions, which includes optical fiber, hardware, cables and connectors, has been gaining popularity. The growing adoption of innovative optical connectivity products for generative AI applications is a key growth driver in the Optical Communication segment. Our revenue estimate for this segment is pegged at $1.21 billion, indicating healthy growth from $930 million in the year-ago revenue estimate for the Display Technologies segment is pegged at $942.2 million, indicating 8.1% year-over-year growth. Healthy traction in the premium smartphone market is a tailwind for the Specialty Materials segment. Our revenue estimate for this segment is pegged at $492.2 million, up 8.4% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)For the March Quarter, the Zacks Consensus Estimate for the company's total revenues is pegged at $3.45 billion, indicating an improvement from $3.26 billion reported in the prior-year quarter. Adjusted earnings per share is pegged at 50 cents, an improvement from 38 cents reported in the prior-year quarter. Our proven model does not conclusively predict an earnings beat for Corning this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%, with both pegged at 50 cents per share. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Corning Incorporated price-eps-surprise | Corning Incorporated Quote Zacks Rank: Corning has a Zacks Rank #3. Qorvo QRVO is set to release quarterly numbers on April 29. It has an Earnings ESP of +3.42% and carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here. QUALCOMM Incorporated QCOM is set to release quarterly numbers on April 29. It has an Earnings ESP of +0.86% and carries a Zacks Rank # Group GIB is set to release quarterly numbers on April 30. It has an Earnings ESP of +0.89% and carries a Zacks Rank #2. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Corning Incorporated (GLW) : Free Stock Analysis Report CGI Group, Inc. (GIB) : Free Stock Analysis Report Qorvo, Inc. (QRVO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
