Corning Incorporated (GLW): This Tech Stock Has Big Potential

Page 1 of 2

While the broader market has enjoyed a massive bull run over the past several years, Corning Incorporated (NYSE:GLW) has done nothing more than hang around. Actually, the stock declined more than 10% over a three-year time frame. When a stock performs poorly during a strong bull run, it’s almost always a red flag for the company’s underlying business and future potential. However, that isn’t the case for Corning.

Corning Incorporated (NYSE:GLW)

A lot of potential

If you’re reading this article, then there’s a pretty good chance that Corning Incorporated (NYSE:GLW) is helping you do so. If you’re using a high-speed cable connection, then Corning’s fiber-optic material is driving the data stream. If you’re using a mobile device, then you’re probably reading this through Corning’s Gorilla Glass.

Gorilla Glass is scratch-resistant, lightweight, and strong, which makes it appealing. Corning is also working on Willow Glass, which can basically be described as an ultra-thin and tough glass that bends.

There have been many rumors about Apple’s iWatch using Willow Glass, but Corning Incorporated (NYSE:GLW) released a statement that Willow Glass is still several years away. Apple won’t wait that long to release the iWatch, and it has been widely rumored that this wearable device will be released in late 2014. It turns out that LG Display Co Ltd. (ADR) (NYSE:LPL) should have its curved glass at the ready by the end of this year, and it should be ready for mass production next year. This makes Apple and LG a potential match. LG Display Co Ltd. (ADR) (NYSE:LPL) is already a major provider for Apple screens, so this wouldn’t be a shock.

Getting back to Corning Incorporated (NYSE:GLW), even if it misses the iWatch freight train, it still made a highly strategic move be investing in View’s Advanced Dynamic Glass technology. The information below is from a Corning news release:

“Representing a major innovation in architectural windows, View Dynamic Glass intelligently regulates the amount of heat and glare that enters a building. Dynamic glass automatically transitions between clear and variable tint in response to environmental conditions and user preferences. Occupants benefit from uninterrupted views, abundant natural light, and greatly improved thermal comfort, while building architects enjoy expanded design freedom.”

This might sound like just another technology with potential, but there is substance here, considering demand has consistently accelerated. The ultimate goal is for Dynamic Glass to enter the mainstream. If that eventually takes place, which seems to be a realistic possibility, then Corning’s potential would be gargantuan.

Corning vs. peers

Corning Incorporated (NYSE:GLW)’s revenue consistently increased the past three years, but earnings have declined over the past two years. The latter would usually be a negative, but in this case, earnings have been partially hit by necessary acquisitions. These acquisitions will help drive future growth.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!