Key Points It will supply the equipment for fiber optic cabling to its partner. The deal will be in force for quite a while. 10 stocks we like better than Corning › A major deal with a top name in the telecom sphere propelled Corning (NYSE: GLW) stock to a solid gain on Tuesday. The arrangement will see the company, an important supplier of fiber-optic cable, provide its wares to the client for years. Corning's shares closed the day nearly 5% higher after the news, contrasting favorably with the S&P 500 index's 0.2% dip. Calling on a monster new deal The deal was revealed by Corning's counterparty, AT&T , in a press release published before market open.
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