Corning stock rises on a Verizon fiber deal
Published on 09/09/2026 at 19:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Corning stock (ISIN US2193501051) rose 7.4 percent to USD 165.73 on September 8, 2026 after Verizon said it had signed a multi-billion-dollar optical-fiber deal with Corning. The move came as MarketBeat showed a USD 142.76 billion market value, a 52-week range of USD 71.75 to USD 271.78 and volume of 9.93 million shares.
Fiber deal sets the tone
According to Reuters on September 8, 2026, Verizon said the agreement covers high-density optical fiber for broadband expansion and AI workloads. GV Wire said the supply plan runs from 2027 through 2032 and calls for more than 80 million miles of high-density optical fiber and connectivity solutions.
That scale matters because the contract links Corning's fiber business to a long customer runway, while the market also had to digest a stock that had already advanced 91.2 percent since January 1, 2026, according to MarketBeat. Yahoo Finance put Corning's year-to-date gain at 85.1 percent and said the shares were trading at USD 168.62 in premarket commentary on September 9, 2026.
Analysts stay constructive
MarketBeat said Corning carries a consensus rating of Moderate Buy with 17 analysts and an average price target of USD 178.64 as of September 8, 2026. In the same snapshot, the site showed earnings for Corning expected to rise from USD 3.27 a share to USD 4.28 a share over the next year, a 30.89 percent increase.
Yahoo Finance showed second-quarter 2026 revenue of USD 4.5 billion and earnings of USD 559 million, with a profit margin of 12.41 percent. On its analyst page, Yahoo Finance also showed a current-quarter revenue estimate of USD 4.99 billion for September 2026 and a current-quarter EPS estimate of USD 0.87.
Price still matters
Corning closed at USD 165.73 on September 8, 2026, with MarketBeat showing a day range of USD 158.84 to USD 169.73. The stock also sat 39.0 percent below its 52-week high of USD 271.78 and 130.6 percent above its 52-week low of USD 71.75.
Corning stock at a glance
- Company: Corning Incorporated
- ISIN: US2193501051
- Ticker: GLW
- Trading venue: NYSE
- Price (as of September 8, 2026, 3:59 PM): USD 165.73
- Market capitalization: USD 142.76 billion (as of September 8, 2026)
- Sector / Industry: Technology / Electronic Equipment, Instruments and Components
- Index membership: S&P 500
- Next earnings date: October 27, 2026
