Corning’s transformation into an AI enabler centers on its fiber-optic glass, which secures photon-based data transfer at higher speeds. A landmark $6 billion agreement to equip Meta’s data centers has underpinned a 152% share price surge over the past year, drawing significant institutional interest.

In Q4 Corning reported revenue of $4.4 billion, up 14% year-over-year, with earnings per share of $0.72 and a 26% rise in earnings driving an operating margin of 20.2%, a full-year efficiency target achieved early. Management raised its Springboard plan forecast, now targeting $11 billion in incremental annualized sales by 2028, up from $8 billion.

The stock trades at a 72.6 P/E ratio, a 2.3 PEG and 9.3 price-to-book, prompting caution over potential overvaluation. Insider selling accelerated with $14 million exited in Q4 and over $11 million so far this quarter, while short interest climbed over 8% even as institutions hold nearly 70% of shares.