$148.980
-3.725 (-2.50%)At close
GLW News
GLW Events
Salesforce Shares Rise 12.8% After Earnings Boost
The AI capex trade continued to work on Wednesday as gains in the Tech sector were paced by strong performance in computer hardware, communication equipment, and electronic components groups. Names like Arista Networks, Seagate, Western Digital, Corning, and Lumentumsaw outsized gains for the second consecutive session, and even infrastructure software performed well - Palantirand Oraclewere up nearly 3% on the day. Healthcare underperformed as investors booked profits after the sector's relative strength over recent weeks to rotate into AI-exposed areas of the market.Sentiment was also coiled heading into multiple blockbuster earnings announcements in the tech sector after hours, and the reporting companies did not disappoint. Nvidia was slightly weaker after earnings, but the management's forecast of 70% revenue growth in FY28 brought in buyers. Salesforce - the purported posterchild of "enterprise software as a victim of AI adoption" theme - spiked 13% to February highs as the company blew away estimates, raised guidance, and deepened its partnership with Anthropic. Meanwhile, cybersecurity and identity software stocks reporting results - Crowdstrike and Okta - also traded much firmer.In the opening hour of the evening session, US index futures reflect the optimism of positive earnings barrage - S&P e-minis are up 0.6% and NASDAQ 100 contract is up 1.1%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Oktaup 20.3%Salesforceup 12.8%Lantronix (LTRX) up 12.2%Phibro Animal Health Corporation (PAHC) up 10.3%CrowdStrike Holdingsup 10.0%Veeva Systemsup 9.0%Nutanixup 8.1%Ooma, Inc.up 6.9%Agilent Technologiesup 4.6%NVIDIAup 4.2%Everpure, Inc.up 3.3%ALSO HIGHER -Tenable Holdingsup 7.8% after admission into S&P SmallCap 600 indexFunkoup 6.0% after insider buyDOWN AFTER EARNINGS -HP Inc.down 9.1%Urban Outfitters, Inc.down 3.6%Synopsysdown 1.0%ALSO LOWER -Wendy's Companydown 13.2% after Reuters report Trian is backing away from bid
Corning Shares Rise $5.53 to $152.69
Moderately bullish activity in Corning (GLW), with shares up $5.53, or 3.75%, near $152.69. Options volume relatively light with 29k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.81. Implied volatility (IV30) dropped 0.0 near 61.25,and below the 52wk median, suggesting an expected daily move of $5.89. Put-call skew flattened, suggesting a modestly bullish tone.
Cboe Data Shows Corning Shares Up $2.17
Cboe data suggests bullish flow in Corning (GLW), with shares up $2.17, or 1.49%, near $147.72. Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.84. Implied volatility (IV30) is higher by 2.0 points near 61.14,and below the 52wk median, suggesting an expected daily move of $5.69. Put-call skew flattened, suggesting a modestly bullish tone.
Zayo Expands Strategic Supply Agreement with Corning
Zayo announced an expanded strategic supply agreement with Corning Incorporated. The agreement secures a significant portion of the fiber Zayo has projected to need through the remainder of the decade, providing supply assurance as the company executes one of the largest network expansions in its history.
Trump Administration to Set Price Floor on Polysilicon
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.POLYSILICON:In a decision expected to come later this month, the Trump administration is preparing to set a price floor and impose tariffs on polysilicon, Nichola Groom of Reuters. These decisions aim to protect U.S. polysilicon factories from increasing Chinese ambitions in the chip supply chain. Companies in the space include Corning, Daqo New Energy, T1 Energy, and Canadian Solar.LITHIUM-ION BATTERY, TUNGSTEN WASTE:The U.S. is banning the export of lithium-ion battery and tungsten waste in an effort to curb its reliance on China and secure more of the critical materials its defense industry needs, The Wall Street Journal's Kim Mackrael. Beginning later this month, certain battery scrap and tungsten waste in the U.S. must be sold domestically, according to a Department of Commerce rule published on the Federal Register. The ban will be in effect for a year.TRUMP ACCOUNTS:Strategywill contribute $250 each year to a Trump Account for every eligible child under 18 of its U.S. employees, regardless of the child's birth year. For children born on or after January 1, 2025, Strategy will also make a one-time $1,000 contribution matching the U.S. government's seed contribution in the child's birth year.JONES ACT WAIVER:The White House is expected to extend the Jones Act waiver to preserve shipping flexibility and help lower gasoline prices, while officials consider narrowing its scope before the current exemption expires on August 16, Reuters' Jarrett Renshaw and Arathy Somasekhar. President Trump said on Monday that ExxonMobiland Chevronare "making too much money," urging them to "give some of that back to the public" by lowering gasoline prices.ROGUE AI:Staff from Meta, Anthropic, Google, and OpenAI intend to meet with U.S. President Donald Trump's advisers on Tuesday to discuss voluntary testing for advanced AI models amid mounting concerns over rogue AI agents, Reuters' Courtney Rozen, citing four sources familiar with the meeting. The meeting comes after OpenAI and Anthropic disclosed that their AI tools breached systems of other companies, with such hacks raising concerns among U.S. lawmakers about whether advanced AI models could be used to conduct or facilitate more hacks, the author notes.
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