Corning Hits a New Low. What Gives?
In the following video, Brenton and Austin discuss glassmaker Corning and the reasons for its recent 52-week low. Corning has grown in popularity because of its role in providing Gorilla Glass for a wide variety of smartphones and tablets, but growth rates in that segment haven't been too impressive lately. Management blames supply-chain uncertainties for some of the recent weakness, with a boost expected next quarter. For shareholders, that growth can't come soon enough, given the struggles the company is facing in its core LCD glass business and the pricing pressures it's experiencing.
Many investors thought they would ride Corning's dominant cover glass to massive returns. That hasn't played out yet, but the all-important back half of the year could offer some nice growth rates for investors to cling to. In this brand-new premium research report on Corning, our analyst walks through the business, as well as the key opportunities and risks facing it today. Click here to claim your copy, and receive a full year of updates as key events unfold.
The article Corning Hits a New Low. What Gives? originally appeared on Fool.com.Austin Smith and The Motley Fool own shares of Apple and Corning. Brenton Flynn has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Apple and Corning. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.