Several banks reduced their stakes in Corning, yet the company beat earnings estimates, keeping a "Moderate Buy" rating.

Several banks and financial institutions have adjusted their stakes in Corning Incorporated, with some reducing their holdings. CNB Bank, for example, cut its stake by 24.9%, while AdvisorNet Financial Inc reduced its ownership by 10.5%. Despite mixed revenue forecasts, Corning reported a quarterly EPS of $0.54, beating analysts' estimates. Analysts rate the stock as a "Moderate Buy" with a consensus target price of $50.77. Institutional investors and hedge funds collectively own 69.80% of the company's stock.