
Corning shares are jumping after the company agreed to a lucrative supply agreement with Verizon Communications for high-density optical fiber. The news is lifting shares of other companies in the space, too.
Verizon Communications Inc. is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware.
| Revenue (TTM) | $138.90B |
| Gross Profit (TTM) | $82.58B |
| EBITDA | $51.08B |
| Operating Margin | 23.00% |
| Return on Equity | 15.80% |
| Return on Assets | 5.05% |
| Revenue/Share (TTM) | $33.01 |
| Book Value | $25.01 |
| Price-to-Book | 2.02 |
| Price-to-Sales (TTM) | 1.50 |
| EV/Revenue | 2.857 |
| EV/EBITDA | 8.26 |
| Quarterly Earnings Growth (YoY) | -22.00% |
| Quarterly Revenue Growth (YoY) | -0.70% |
| Shares Outstanding | $4.15B |
| Float | $4.15B |
| % Insiders | 0.05% |
| % Institutions | 71.30% |
Volatility is currently contracting

Corning shares are jumping after the company agreed to a lucrative supply agreement with Verizon Communications for high-density optical fiber. The news is lifting shares of other companies in the space, too.

80 Million Miles of Glass 80 million miles.

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