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
Comments
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

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs 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!