30.06 0.00 (0.00%)
After hours: 5:28PM EDT
|Bid||30.02 x 100|
|Ask||30.06 x 100|
|Day's range||29.70 - 30.07|
|52-week range||22.23 - 32.17|
|PE ratio (TTM)||13.43|
|Forward Dividend & Yield||0.62 (2.09%)|
|1y target est||N/A|
Analysts say Corning could be building glass and ceramic materials to support wireless charging in the iPhone 8, or glass for Apple's rumored AR glasses.
Verizon Communications Inc (LSE: 0Q1S.L - news) has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next three years as the No. 1 U.S. wireless carrier aims to improve its network infrastructure, the companies said on Tuesday. Corning (Swiss: GLW-USD.SW - news) will sell up to 12.4 million miles of optical fiber to Verizon (NYSE: VZ - news) each year from 2018 through 2020, with a minimum purchase commitment of $1.05 billion, according to the agreement.
Verizon announced Tuesday it has agreed to a $1.05 billion deal with fiber-optic cable manufacturer Corning.