Optics Stocks Drop on Anthropic News, WSJ Report: Lumentum Down 10%, Corning Down 8%, AXT Down 12%
Optics stocks are getting hit hard at midday Tuesday as a risk-off wave washes through AI hardware names.
24/7 Wall Street8/18/2026Negative
GLW
Corning IncorporatedNYSETECHNOLOGYELECTRONIC COMPONENTS
Key Statistics
Market Cap
$148.90B
P/E Ratio
76.30
EPS
$2.27
Beta
1.15
52W High
$271.78
52W Low
$62.68
50-Day MA
$176.47
200-Day MA
$138.92
Dividend Yield
0.67%
Profit Margin
11.20%
Forward P/E
51.02
PEG Ratio
1.27
About Corning Incorporated
Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications.
Fundamentals
| Revenue (TTM) | $16.96B |
| Gross Profit (TTM) | $6.17B |
| EBITDA | $4.08B |
| Operating Margin | 15.70% |
| Return on Equity | 16.80% |
| Return on Assets | 5.37% |
| Revenue/Share (TTM) | $19.78 |
| Book Value | $13.86 |
| Price-to-Book | 11.38 |
| Price-to-Sales (TTM) | 8.78 |
| EV/Revenue | 8.83 |
| EV/EBITDA | 35.69 |
| Quarterly Earnings Growth (YoY) | 18.50% |
| Quarterly Revenue Growth (YoY) | 16.60% |
| Shares Outstanding | $859.64M |
| Float | $790.55M |
| % Insiders | 8.07% |
| % Institutions | 74.95% |
Historical Volatility
HV 10-Day
74.53%
HV 20-Day
89.91%
HV 30-Day
85.15%
HV 60-Day
99.11%
HV Rank
81.0%
Volatility is currently contracting
Analyst Ratings
Consensus ($191.40 target)
11
Buy5
HoldLatest News
Can Corning's Next-Generation Glass Innovations Propel Its Shares?
GLW's innovative glass portfolio spans Gorilla Glass, advanced display glass and specialty materials, positioning it to meet the growing tech demand.
Zacks Investment Research8/18/2026Positive
Corning's Tariff Immunity Comes Down to One Strategic Choice, CEO Says
On Jim Cramer's Mad Money on August 14, 2026, Corning (NYSE:GLW | GLW Price Prediction) Chair and CEO Wendell Weeks was asked a question that many retirement-focused shareholders have been asking themselves this year: are tariffs hurting the business?
24/7 Wall Street8/17/2026Negative
Corning, Lumentum And Applied Optoelectronics Shares Popping To End The Week
Optics stocks are climbing through Friday's midday session, and the character of the move matters.
24/7 Wall Street8/14/2026Neutral
Here's Why Corning (GLW) is a Strong Momentum Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Zacks Investment Research8/14/2026Positive
The Future of AI Investing: Harbor Debuts 5 New Ecosystem ETFs
As the artificial intelligence (AI) race reshapes global markets, investors are looking beyond single-stock concentration and shifting focus toward the broader global supply chains powering the revolution.
ETF Trends8/13/2026Neutral
Corning Incorporated: Well-Positioned AI Infrastructure Play
Corning Incorporated is a critical AI infrastructure partner, benefiting from robust data center and high-speed data transfer demand. GLW trades at a 52% premium to the sector median, reflecting market recognition of its superior fundamentals and AI-driven growth. Multi-year partnerships with leading tech companies like Nvidia and Meta reinforce GLW's strategic positioning and growth prospects.
Seeking Alpha8/13/2026Positive
Lumentum Rockets 15% on Blowout Earnings, Coherent Climbs 9%, Corning Gains 5% on Optics Earnings and CoreWeave, Super Micro Read-Through
Lumentum (NASDAQ:LITE | LITE Price Prediction) shares are surging Wednesday, up 15% to $942 in midday trading after the optical components maker delivered a blowout fiscal Q4 2026 report.
24/7 Wall Street8/12/2026Positive
Jabil vs. Corning: Which AI Infrastructure Stock is the Better Buy?
JBL's cheaper valuation, broader AI hardware exposure and stronger 2026 growth estimates give it an edge over GLW despite its bigger rally.
Zacks Investment Research8/11/2026Positive
Corning: The Pullback We Asked For Arrived - An Upgrade To Buy
Corning is upgraded to 'Buy' as improved fundamentals and reset valuation align with disciplined entry post-volatility. GLW delivered two consecutive earnings beats, with Q2 core sales up 17% Y/Y and EPS up 30% Y/Y, driven by strong optical and AI data center demand. Long-term agreements with Nvidia, Amazon, and Meta anchor Springboard revenue targets, supporting a 19% sales CAGR through 2028 and faster EPS growth.
Seeking Alpha8/11/2026Positive
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Data last updated: 8/18/2026