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 Click to see monthly returns in table format!

Lists

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

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!