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Posted by
Two Blokes Jul 15 -
Filed in
Stock
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Corning's Q1 results beat expectations, thanks to the Optical segment. Q2 guidance is only modestly above consensus. In our last update, the company traded at a 15x P/E. We believe caution is warranted due to potential margin pressures and elevated market expectations. Tariff headwinds and high valuations mean even small earnings misses could trigger sharp corrections. We believe Corning is priced in at this valuation.
