Corning Inc

GLW remains in a Stage 4 decline with sustained lower highs and lower lows underpinning a bearish medium-term bias. Price is extended below declining EMAs and extreme oversold, suggesting patience is warranted. We will defer additional sell-side execution into rallies toward the 9/21 EMA zone and prior support-turned-resistance.

• ↑Q1 2026 revenue $4.35B (+18% YoY) and EPS $0.70 (+30%), beating expectations.
• ↑Optical communications sales $1.8B (+36% YoY) backed by multi-year hyperscaler contracts.
• ↓Shares trade at ~93x P/E, questioning value versus growth prospects.