New York, February 25, 2026, 18:13 EST — After-hours
Corning Incorporated (GLW.N) finished Wednesday’s session up 5.83% at $160.43, but slipped close to 1% in after-hours moves post-4 p.m. (MarketScreener)
Citigroup bumped up its price target on Corning to $170 from $120, sticking with a Buy rating. The bank also slapped “upside 30-day catalyst watches” on both Corning and Lumentum (LITE.O), signaling it sees a near-term event that could push shares. Citi described the pair as “pillars” in the AI optical networking stack and pointed to the Optical Fiber Communication conference in March as a likely source of good news. (TipRanks)
The call comes as investors look beyond chips, searching for AI-related hardware—particularly the nuts and bolts connecting data centers. Optical equipment stands out as a relatively pure play on that angle, with Corning right at the heart of the action.
Corning shares tacked on 4.36% Tuesday, finishing at $151.59, according to MarketWatch data. The stock had been climbing before that. (MarketWatch)
Shares moved in a range from $152.71 up to $162.10 on Wednesday, with volume hitting roughly 16.84 million, Investing.com data showed. (Investing)
A “catalyst watch” isn’t an earnings prediction. It’s more about timing the moment: the idea that news, buzz among customers, or even something said at a conference could swing sentiment fast. Here, how investors are positioned can weigh just as much as the actual numbers.
The wider market environment has been a factor. “AI is the dominant theme and what’s moving the market more than anything right now,” Aaron Schaechterle, portfolio manager at Janus Henderson Investors, told Reuters. (Reuters)
Corning isn’t focused solely on data centers—far from it. The company lists five business units: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. (Corning)
Still, rapid gains often come with a downside: they can leave the stock exposed. Should the conference buzz fizzle into chatter with little follow-through, or if large clients start tapping the brakes on high-speed network investments, those earlier gains could reverse in a hurry.
OFC 2026 lands in Los Angeles from March 15-19—the next big date for the sector. Corning and other industry players are set to showcase the latest high-capacity networking hardware there. (Corning)
