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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:30 EDTGLWCorning sees Optical Communications segment growing twice as fast in FY14
Clark S. Kinlin, executive vice president, said that optical solutions will continue driving profitable growth for Corning's Optical Communications segment. He noted that the scale and rate of bandwidth growth-driven by video, wireless data, and cloud computing - are straining data centers and networks. "Optical-based solutions provide the most cost-effective capacity and speed to alleviate pressures on the network," Kinlin explained. He highlighted industry studies that show global IP traffic growing at 23% per year through 2017, with mobile traffic the fastest-growing component. "Our solid foundation of optical components is providing our customers with the necessary integrated solutions for today's growing variety of network applications," he added. Kinlin said that the company expects its Optical Communications segment to grow twice as fast as the overall industry in 2014.
News For GLW From The Last 14 Days
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July 27, 2015
15:30 EDTGLWCorning technical comments ahead of earnings
Shares have been in a well-defined downtrend since the highs of February of this year. If news continues to be bearish, the next support based on the current price of $18.43 would be at $17.56 and then at the 52-week low at $17.03. That low was also a pivot low from October of last year. Support below $17.03 would be at $16.55. If the news is a bullish surprise, the first resistance level of significance would be at the 30-day moving average at $19.73. This average is also a good proxy for the upper bound of the current bearish price channel. It would take a breakout above this level to turn the trend to bullish. Next resistance in that event would be at $20.94.
15:03 EDTGLWNotable companies reporting before tomorrow's open
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12:44 EDTGLWEarnings Watch: Corning expecting LCD glass volume up low single-digits
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11:53 EDTGLWCorning July weekly volatility increases into Q2 and outlook
Corning July weekly call option implied volatility is at 77, August is at 39, September is at 32; compared to its 52-week range of 17 to 37, suggesting large near term price movement into the expected release of Q2 results on July 28.
July 23, 2015
07:57 EDTGLWCorning July weekly volatility elevated into Q2 and outlook
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July 21, 2015
16:27 EDTGLWCorning's Antimicrobial Gorilla Glass selected by ZTE
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July 15, 2015
19:03 EDTGLWOn The Fly: After Hours Movers
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16:51 EDTGLWCorning announces new $2B share repurchase program
Corning announced that its Board of Directors has authorized a new $2B share repurchase program of the company's common stock. The program will expire on December 31, 2016.

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