Short interest for Corning gives investors a sense of the degree to which investors are betting on the decline of Corning's stock. Short interest data is updated every two weeks.

Corning Stock (NYSE:GLW), Short Interest Report

Corning

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.

Corning_Museum_of_Glass_Interior-Wikimedia Commons

Earnings

News

Guidance

Movers

Tech

AAPL

CTEX

KNGZ

Corning Inc reported Q1 2024 core sales decline of 3% YoY to $3.26B, beating consensus of $3.12B. Core EPS of $0.38 also beat consensus of $0.35.

Apple&#39;s Glass Supplier Corning Outperforms in Tough Market, Eyes $3B Sales Boost in Three Years

Eli Lilly

Intraday Update

Markets

ACIW

AMKR

BLND

CVLT

ETWO

HLIT

NXPI

TREE

ZBRA

Eli Lilly Increases FY24 Outlook, Joins Brinker International, Zebra Technologies, 3M And Other Big Stocks Moving Higher On Tuesday

Trading Ideas

QCOM

SIMO

Qualcomm Incorporated (NASDAQ: QCOM) shares have witnessed a steady uptrend since November 2023 barring minor hiccups, with the ebb and flow attributable to various macroeconomic developments and corporate achievements.

Is Qualcomm Stock Worth Buying Ahead of Q2 Earnings?

Corning Inc

GLOW LIFETECH CORP by Glow Lifetech Corp.

Glow LifeTech Corp

JP Morgan analyst Samik Chatterjee maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Neutral and raises the price target from $36 to $37.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Corning, Raises Price Target to $37

Corning Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)&nbsp;reported a fiscal first-quarter 2024 core sales decline of 3% year-on-year to $3.26 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38515222/corning-reports-first-quarter-2024-financial-results" rel="noreferrer noopener">consensus of $3.12 billion</a>.&nbsp;
The&nbsp;Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) glass supplier&#8217;s core EPS of $0.38 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.35</a>.&nbsp;
Display Technologies&#8217; sales grew by 14%&nbsp;year over year&nbsp;to $872 million, driven by higher volume and pricing actions in the second half of 2023.&nbsp;However,&nbsp;sales remained flattish&nbsp;quarter over quarter.&nbsp;&nbsp;
Optical Communications sales declined 17%&nbsp;year over year&nbsp;to $930 million, reflecting temporarily lower carrier demand as customers continued to draw down inventory.&nbsp;
Sales increased by 3% quarter over quarter, driven by growing sales in carriers and enterprises.
Specialty Materials sales increased by 12% year over year to $454 million, driven by continued strong demand for premium smartphone cover materials and semiconductor-related products.&nbsp;
The bet sales declined 4% Q/Q.
Life Sciences sales decreased by 8% year over year to $236 million as&nbsp;customers in&nbsp;North America and Europe continued to draw down their inventory.&nbsp;The sales declined by 2% quarter over quarter.
Environmental Technologies sales grew by 6%&nbsp;year over year&nbsp;to $455 million, driven by increased gasoline particulate filter adoption in China. The sales also grew by 6%&nbsp;quarter over quarter.
Hemlock and Emerging Growth Businesses sales declined 19%&nbsp;year over year&nbsp;to $311 million, primarily reflecting lower pricing for solar-grade polysilicon and lower sales in Corning Pharmaceutical Technologies from the completion of volume commitments for COVID-related products. The sales decreased 13%&nbsp;quarter over quarter.
The core gross margin increased by 160 bps to 36.8%, reflecting the continued benefit of pricing and productivity improvement actions. The adjusted free cash flow used was $(62) million versus $(383) million a year ago.
Chair and CEO&nbsp;Wendell P. Weeks&nbsp;said,&nbsp;&#8220;We are executing our plans to add more than $3 billion in annualized sales within the next three years, and we already have the required capacity and capabilities in place.&#8221;
Outlook: Corning expects second-quarter core sales of $3.40 billion (<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus $3.33 billion</a>) and core EPS of $0.42 – $0.46 (consensus $0.44) and anticipates the first quarter to be the low quarter of the year.
Corning&nbsp;stock gained close to 4% in the last 12 months. Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNGZ#NASDAQ">KNGZ</a>) and&nbsp;ProShares S&amp;P Kensho Cleantech&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTEX#NYSE">CTEX</a>).
Price Action: GLW shares traded higher by 5.11% at $33.41 at the last check Tuesday.
Photo via Wikimedia Commons

Apple's Glass Supplier Corning Outperforms in Tough Market, Eyes $3B Sales Boost in Three Years

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Tuesday.
Shares of Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose sharply during Tuesday's session after the company raised its <a href="https://www.benzinga.com/general/biotech/24/04/38521126/eli-lillys-weight-loss-drug-still-going-strong-boosts-annual-forecast">FY24 revenue guidance</a>.
Eli Lilly reported first-quarter revenue of $8.77 billion, up 26% year over year, marginally missing the consensus of $8.92 billion, driven by increases of 16% in volume and 10% due to higher realized prices. Eli Lilly posted an adjusted EPS of $2.58, beating the consensus of $2.46, higher than $1.62 a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Eli Lilly forecasts fiscal year 2024 sales of $42.4 billion -$43.6 billion versus prior guidance of $40.4 billion-$41.6 billion and consensus of $41.36 billion.
Eli Lilly shares surged 6.6% to $785.51 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares jumped 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares surged 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) rose 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) climbed 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) rose 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) rose 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) climbed 13.4% to $9.32 following strong quarterly earnings.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) gained 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares gained 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) gained 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) surged 8.4% to $163.77 after the company reported better-than-expected second-quarter financial results.</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) gained 8.2% to $325.43  after the company reported a first-quarter earnings beat and raised its FY24 guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) climbed 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>The Timken Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) rose 7.2% to $92.96 following upbeat earnings.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) climbed 7% to $33.99 following better-than-expected quarterly earnings.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) climbed 6.4% to $105.87 following strong earnings.</li>
<li>Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) gained 6% to $318.05 after the company reported better-than-expected first-quarter results, and updated FY24 guidance.</li>
<li>ACI Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIW#NASDAQ">ACIW</a>) gained 5.7% to $34.99 after the company reported better-than-expected first-quarter results.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares rose 5.5% to $97.25 following a first-quarter earnings beat.</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) gained 5.1% to $33.07 after the company reported better-than-expected quarterly financial results.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) rose 4.5% to $258.20 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

WIIM

Corning shares are trading higher following better-than-expected Q1 earnings.

Corning Sees Q2 2024 Core EPS $0.42-$0.46 Vs $0.44 Est.; Core Sales ~$3.4B Vs $3.332B Est.

Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.35 by 8.57 percent. The company reported quarterly sales of $3.258 billion which beat the analyst consensus estimate of $3.116 billion by 4.55 percent. This is a 3.24 percent decrease over sales of $3.367 billion the same period last year.

Earnings Beats

Corning Q1 2024 Adj EPS $0.38 Beats $0.35 Estimate, Sales $3.258B Beat $3.116B Estimate

Qualcomm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) shares have witnessed a steady uptrend since November 2023 barring minor hiccups, with the ebb and flow attributable to various macroeconomic developments and corporate achievements. While such ups and downs are part of a stock&#39;s progression, the sudden turn of events often tests the stock&#39;s inherent strength to withstand the storm and its ability to come up trumps. We believe that Qualcomm has the requisite wherewithal to emerge victorious from the apparent upheaval and strike the right chords in the near future. 
However, not all was hunky dory for Qualcomm as it faced some operating challenges in China. The chip-making firm has a significant presence in more than 12 cities in the country, aiming to drive advancements in semiconductors and mobile telecommunications for the larger benefit. The company has been a key supplier of chips and other related components to local smartphone manufacturers like Xiaomi, Huawei and its spin-off brand Honor. 
But trouble began with the continued Sino-US trade spat that led the communist nation to impose a ban on the use of iPhones in government offices and state-backed entities as part of its concerted effort toward self-reliance. The restrictions on Apple had an apparent effect on Qualcomm, which is one of the leading suppliers to the iPhone manufacturing firm. Moreover, as QCOM boasts one of the biggest footprints in the communist nation by a U.S.-based firm, the market uncertainties seemed to be taking a toll on its stock. Moreover, as China accounts for the lion&#39;s share of Qualcomm&#39;s revenues, any disruption in local operation is bound to have a ripple effect across the company. 
However, China-based firms like Honor continued procuring core chips from Qualcomm despite nationalist calls to support domestic manufacturers as the chips enabled efficient optimization of Honor handsets and enriched performance standards. Moreover, Qualcomm has historically supplied older-generation 4G chips to Huawei, which are believed to be safe and do not jeopardize national security interests. Consequently, the company managed to avoid any penal action by the U.S. Commerce Department regarding any wrongdoings that harm the safety and integrity of the nation. 
Shares appeared to resonate with Qualcomm maintaining an optimum balance between its China operations and conforming to the national interests of both countries. It is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge with a diversified revenue stream. It is witnessing healthy traction in EDGE networking that helps to transform connectivity in cars, business enterprises, homes, smart factories, next-generation PCs, wearables and tablets. 
The automotive telematics and connectivity platforms, digital cockpit and C-V2X solutions are also fueling emerging automotive industry trends such as the growth of connected vehicles, the transformation of the in-car experience and vehicle electrification. Qualcomm believes it is on track to become the largest smartphone RF front-end supplier by revenues in the near future. 
The company intends to harness artificial intelligence to meet increased demands for essential products and services that are the building blocks of digital transformation in a cloud economy. Qualcomm envisions solid growth opportunities within the mobile space, driven by the strength of its Snapdragon portfolio.&nbsp; 
Amid this backdrop, Qualcomm is slated to report second-quarter fiscal 2024 results on May 1 after the closing bell. In the last reported quarter, the company beat the Zacks Consensus Estimate by 37 cents. The chip-making firm is expected to have recorded a top-line expansion year over year, backed by solid 5G traction, greater visibility and a diversified revenue stream. 
The Zacks Consensus Estimate for total revenues for the company stands at $9,301 million. It generated revenues of $9,275 million in the prior-year quarter. The consensus mark for earnings is currently pegged at $2.30 per share, indicating growth from $2.15 in the year-earlier quarter. 
Our proven model predicts an earnings beat for QCOM for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. With an Earnings ESP of +0.11% and a Zacks Rank #2, QCOM has a high probability of an earnings beat. 
Qualcomm has a VGM Score of B. The stock is up 43.5% over the past year compared with the industry&#39;s rise of 19.3%. With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, it appears to be a solid investment proposition and a long-term stock to have in your portfolio.
<h3>Other Stocks to Consider</h3>
Here are some other companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this season: 
United States Cellular Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usm#NYSE">USM</a>) is set to release quarterly numbers on May 3. It has an Earnings ESP of +36.36% and a Zacks Rank #1. 
The Earnings ESP for Silicon Motion Technology Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/simo#NASDAQ">SIMO</a>) is +5.96% and it carries a Zacks Rank of 2. The company is scheduled to report quarterly numbers on May 2. 
The Earnings ESP for Corning Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glw#NYSE">GLW</a>) is +0.40% and it carries a Zacks Rank of 2. The company is scheduled to report quarterly numbers on Apr 30. 
<a href="https://www.zacks.com/stock/news/2264313/is-qualcomm-qcom-stock-worth-buying-ahead-of-q2-earnings?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2264313">To read this article on Zacks.com click here.</a>

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) recently released a list of its top suppliers for materials, manufacturing and assembly of its products which showed that China remains a key manufacturing base and India is <a href="https://www.benzinga.com/news/24/04/38480983/giant-leap-for-apple-new-leak-of-iphone-16-lineup-confirms-recent-rumors-about-screen-sizes-and-came">ramping up production as well</a>.
Why It Matters:&nbsp;
BofA Securities released a research note based on the list of Apple's suppliers which named companies that could potentially benefit from an Apple product cycle.&nbsp;
BofA named electronics manufacturers Jabil, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) and Flex, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) as potential beneficiaries and noted Apple accounted for 17% of Jabil's revenue in 2023.&nbsp;
Amphenol Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) provides connectors and antennas for the iPhone, and BofA estimates Apple accounts for single-digit revenue at Amphenol. BofA also noted glass maker Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) remained on Apple's 2023 supplier list.&nbsp;
Related News:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38491219/apple-and-tesla-only-two-companies-able-to-thread-the-needle-in-terms-of-china-us-s">Apple And Tesla &#8216;Only Two Companies Able To Thread The Needle In Terms Of China-US&#8217;, Says Top Analyst After Tim Cook And Elon Musk&#8217;s Recent China Visits</a>
The firm maintained its Buy rating on Apple with a $225 price target highlighting higher growth in Services revenue and continuing capital returns. BofA also expects a strong iPhone upgrade cycle in 2025 driven by the need for the latest hardware in order to enable generative-AI features.&nbsp;
AAPL, JBL, FLEX, APH, GLW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Apple shares are up 3.24% at $174.75, Jabil shares are down 0.66% at $117.49, Flex shares are up 0.16% at $29.02, Amphenol shares are up 0.86% at $121.53 and Corning shares are up 0.85% at $31.60 at the time of publication Monday.
Image: Courtesy of Apple, Inc.

Analyst Color

FLEX

BofA Says These 4 Companies Could Benefit From The Next Apple Product Cycle

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 4.58%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On April 8, Methode Electronics said CFO Ronald Tsoumas is retiring from the company, effective July 12, 2024.</li>
</ul>
<h3 class="wp-block-heading">Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</h3>
<ul>
<li>Dividend Yield: 3.57%</li>
<li>Morgan Stanley analyst Meta Marshall maintained an Overweight rating with a price target of $35 on April 22. This analyst has an accuracy rate of 72%.</li>
<li>JP Morgan analyst Samik Chatterjee maintained a Neutral rating and increased the price target from $34 to $36 on April 11. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Jan. 30. Corning reported a fourth-quarter FY23 core sales decline of 10% year-on-year to $3.27 billion, beating the consensus of $3.25 billion.</li>
</ul>
<h3 class="wp-block-heading">Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</h3>
<ul>
<li>Dividend Yield: 3.34%</li>
<li>JP Morgan analyst Samik Chatterjeereinstated a Neutral rating with a price target of $53 on April 22. This analyst has an accuracy rate of 70%.</li>
<li>B of A Securities analyst Tal Liani upgraded the stock from Neutral to Buy and boosted the price target from $55 to $60 on April 15. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On March 25, Cisco announced new multifunctional collaboration devices for hybrid work.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38482010/dominos-pizza-yum-china-and-3-stocks-to-watch-heading-into-monday">Domino&#8217;s Pizza, Yum China And 3 Stocks To Watch Heading Into Monday</a>

Dividends

Pre-Market Outlook

CSCO

Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields

Ratings for Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $36.5, a high estimate of $40.00, and a low estimate of $35.00. This current average reflects an increase of 7.35% from the previous average price target of $34.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1713819632_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Corning by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Positive</td>
<td>$40.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$35.00</td>
<td>$28.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Corning. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Corning compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Corning's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Corning's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GLW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Corning analyst ratings.</a>
<h2>Delving into Corning's Background</h2>
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
<h3>Breaking Down Corning's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Negative Revenue Trend: Examining Corning's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -12.1% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Corning's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -1.34%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Corning's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -0.35%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Corning's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.14% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.73, caution is advised due to increased financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Corning In The Eyes Of 4 Experts

Morgan Stanley analyst Meta Marshall maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Overweight and maintains $35 price target.

Morgan Stanley Maintains Overweight on Corning, Maintains $35 Price Target

JP Morgan analyst Samik Chatterjee maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Neutral and raises the price target from $34 to $36.

JP Morgan Maintains Neutral on Corning, Raises Price Target to $36

Susquehanna analyst Mehdi Hosseini maintains Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Positive and maintains $40 price target.

Susquehanna Maintains Positive on Corning, Maintains $40 Price Target

Management

Apple Scraps In-House Effort To Make Watch Displays, Cuts Jobs

Corning's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) short percent of float has risen 23.53% since its last report. The company recently reported that it has 10.72 million shares sold short, which is 1.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Corning Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711051218_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Corning has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Corning's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Corning's peer group average for short interest as a percentage of float is 3.55%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Corning's Recent Short Interest

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3>Methode Electronics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mei#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 4.47%</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Barrington Research analyst Christopher Howe reiterated a Market Perform on May 25, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On March 7, Methode Electronics reported worse-than-expected third-quarter financial results and suspended guidance.</li>
</ul>
<h3>Hewlett Packard Enterprise Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpe#NYSE">HPE</a>)</h3>
<ul>
<li>Dividend Yield: 2.97%</li>
<li>Wells Fargo analyst Aaron Rakers downgraded the stock from Overweight to Equal-Weight and cut the price target from $21 to $17 on March 1, 2024. This analyst has an accuracy rate of 85%.</li>
<li>Evercore ISI Group analyst Amit Daryanani maintained an In-Line rating and slashed the price target from $19 to $18 on March 1, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Feb. 29, Hewlett Packard Enterprise reported worse-than-expected first-quarter revenue results and issued FY24 EPS guidance below estimates.</li>
</ul>
<h3>Corning Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glw#NYSE">GLW</a>)</h3>
<ul>
<li>Dividend Yield: 3.44%</li>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and raised the price target from $28 to $35 on Jan. 31, 2024. This analyst has an accuracy rate of 73%.</li>
<li>JP Morgan analyst Samik Chatterjee maintained a Neutral rating and lowered the price target from $36 to $31 on Oct. 25, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Jan. 30, Corning posted better-than-expected quarterly sales results.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37724679/hibbett-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> Hibbett Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Small Cap

Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$4.00</td>
<td>$30.5K</td>
<td>5.9K</td>
<td>5.3K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$750.00</td>
<td>$30.1K</td>
<td>7.3K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$180.00</td>
<td>$159.1K</td>
<td>16.0K</td>
<td>5.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$25.00</td>
<td>$114.5K</td>
<td>318</td>
<td>3.8K</td>
</tr>
<tr>
<td>AMBA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$60.00</td>
<td>$51.5K</td>
<td>61</td>
<td>2.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$880.00</td>
<td>$25.6K</td>
<td>632</td>
<td>2.0K</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$570.00</td>
<td>$26.5K</td>
<td>2.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$20.00</td>
<td>$29.0K</td>
<td>1.6K</td>
<td>1.4K</td>
</tr>
<tr>
<td>GLW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$30.00</td>
<td>$64.4K</td>
<td>1.9K</td>
<td>887</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$650.00</td>
<td>$28.7K</td>
<td>443</td>
<td>313</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on February 23, 2024. Parties traded 610 contract(s) at a $4.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $50.0 per contract. There were 5972 open contracts at this strike prior to today, and today 5354 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on February 23, 2024. This event was a transfer of 8 contract(s) at a $750.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $3765.0 per contract. There were 7365 open contracts at this strike prior to today, and today 5321 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on March 15, 2024. This event was a transfer of 200 contract(s) at a $180.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $159.1K, with a price of $795.0 per contract. There were 16053 open contracts at this strike prior to today, and today 5298 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option trade that happens to be bullish, expiring in 217 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $114.5K, with a price of $1145.0 per contract. There were 318 open contracts at this strike prior to today, and today 3838 contract(s) were bought and sold. 
• For AMBA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on March 15, 2024. This event was a transfer of 66 contract(s) at a $60.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $780.0 per contract. There were 61 open contracts at this strike prior to today, and today 2557 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 13 contract(s) at a $880.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $1980.0 per contract. There were 632 open contracts at this strike prior to today, and today 2021 contract(s) were bought and sold. 
• For ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 25 contract(s) at a $570.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $1060.0 per contract. There were 2128 open contracts at this strike prior to today, and today 1421 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on February 23, 2024. This event was a transfer of 415 contract(s) at a $20.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $70.0 per contract. There were 1665 open contracts at this strike prior to today, and today 1400 contract(s) were bought and sold. 
• For GLW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 300 contract(s) at a $30.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $64.4K, with a price of $215.0 per contract. There were 1915 open contracts at this strike prior to today, and today 887 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on February 23, 2024. This event was a transfer of 25 contract(s) at a $650.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1160.0 per contract. There were 443 open contracts at this strike prior to today, and today 313 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ADBE

AMBA

CLSK

MARA

MSTR

NVDA

SMCI

SOUN

10 Information Technology Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$730.00</td>
<td>$33.3K</td>
<td>11.1K</td>
<td>51.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$185.00</td>
<td>$28.0K</td>
<td>13.5K</td>
<td>19.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$1000.00</td>
<td>$25.0K</td>
<td>3.4K</td>
<td>19.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$175.00</td>
<td>$30.4K</td>
<td>13.1K</td>
<td>10.6K</td>
</tr>
<tr>
<td>ARM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/23/24</td>
<td>$130.00</td>
<td>$132.5K</td>
<td>1.8K</td>
<td>4.1K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$405.00</td>
<td>$32.3K</td>
<td>3.9K</td>
<td>363</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$650.00</td>
<td>$99.9K</td>
<td>200</td>
<td>340</td>
</tr>
<tr>
<td>GLW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$32.00</td>
<td>$33.6K</td>
<td>1.3K</td>
<td>329</td>
</tr>
<tr>
<td>NET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$95.00</td>
<td>$25.3K</td>
<td>1.8K</td>
<td>309</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$19.00</td>
<td>$63.0K</td>
<td>19.7K</td>
<td>291</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on February 16, 2024. Parties traded 35 contract(s) at a $730.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $953.0 per contract. There were 11181 open contracts at this strike prior to today, and today 51976 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on February 23, 2024. This event was a transfer of 270 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $104.0 per contract. There were 13528 open contracts at this strike prior to today, and today 19927 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on February 16, 2024. This event was a transfer of 10 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $2500.0 per contract. There were 3464 open contracts at this strike prior to today, and today 19147 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on February 16, 2024. This event was a transfer of 105 contract(s) at a $175.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $289.0 per contract. There were 13107 open contracts at this strike prior to today, and today 10669 contract(s) were bought and sold. 
• Regarding ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on February 23, 2024. Parties traded 121 contract(s) at a $130.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $132.5K, with a price of $1095.0 per contract. There were 1879 open contracts at this strike prior to today, and today 4197 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with neutral sentiment. It expires in 64 day(s) on April 19, 2024. Parties traded 20 contract(s) at a $405.00 strike. The total cost received by the writing party (or parties) was $32.3K, with a price of $1615.0 per contract. There were 3942 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on February 23, 2024. Parties traded 180 contract(s) at a $650.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $99.9K, with a price of $555.0 per contract. There were 200 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold. 
• Regarding GLW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), we observe a call option sweep with bearish sentiment. It expires in 337 day(s) on January 17, 2025. Parties traded 116 contract(s) at a $32.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $290.0 per contract. There were 1322 open contracts at this strike prior to today, and today 329 contract(s) were bought and sold. 
• Regarding NET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), we observe a put option trade with bearish sentiment. It expires in 29 day(s) on March 15, 2024. Parties traded 111 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $228.0 per contract. There were 1881 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on February 16, 2024. Parties traded 100 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $630.0 per contract. There were 19785 open contracts at this strike prior to today, and today 291 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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	The post <a href="https://investorplace.com/earning-results/2024/04/glw-stock-earnings-corning-for-q1-of-2024/">GLW Stock Earnings: Corning Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Corning Stock (NYSE:GLW), Short Interest Report

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