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Corning Incorporated (NYSE: GLW) stock scored its fourth straight day of gains Wednesday, rising 2.4% through 11 a.m. ET -- and adding to a surge in price that's put the stock up 18% over the past week.
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Most of Corning's stock gains came on Tuesday, when Verizon announced it had struck a multi-year, multi-billion-dollar supply agreement to order more than 80 million miles' worth of fiber-optic cable from Corning for its network.
Precisely how many multi-billions of dollars we're talking about here isn't exactly clear. Still, the duration of the supply agreement -- 2027 through 2032 -- means that whatever the number is, you'll want to divide it by five or six to figure out the annual boost to Corning's revenue.