Oct 9th, 2024 - Corning Inc (NYSE:GLW) stock technically made a classic breakout from the Cup with Handle pattern and invited traders to make some buzz with the stock today. The news powering the buzz is that Corning, a manufacturer of glass, ceramic and optical fibers for various industries, partnered with KD to deliver high speed connectivity for modern software-equipped vehicles.

As the increasing demand for robust in-vehicle connectivity, KD as an optical transceivers provider, picked Corning to collaborate Corning's automotive-grade glass optical fiber with KD's multi-gigabit transceivers. The collaboration will create a new standard, IEEE 802.3cz Standard, that enables faster connectivity at speeds of up to 50 Gbps for driver-assistance systems and information displays on cars.

• Warning! GuruFocus has detected 12 Warning Signs with GLW.

This partnership highlights Corning's provision of lighter and more flexible copper cables with 20x more bandwidth that is immune to electromagnetic interference to be integrated with KD's KD7251 Transceiver that is compliant with IEEE 802.3cz standard.

Corning's GF Score indicates that it has moderate performance but with strong stock price uptick with profitability rank of 7, a growth rank of 7, a financial strength rank of 5 and a momentum rank at 9. Below is a snapshot of how corning makes its money:

With Corning's slow growth rate of 5% per year within the last five years, and thin net margin of 4% only, for long term investment you might want to consider other stocks that promise a thicker margin with higher growth. With GuruFocus' easy-to-understand visuals, you'll find your research more handy. Don't just read the latest news - make informed investment decisions. Visit GuruFocus today and dive deeper into Corning's performance with Charts & Guru Insights.

This article first appeared on GuruFocus.