Corning (NYSE:GLW) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Corning from “buy” to “strong-buy.” Overall, analysts maintain a “Moderate Buy” consensus, with 10 buy ratings and six holds and an average price target of $174.08.
• Corning reported quarterly adjusted earnings of $0.78 per share and revenue of $4.74 billion, exceeding analyst estimates; revenue increased 17.1% year over year. The company guided to third-quarter 2026 EPS of $0.85–$0.89.
• Corning shares were trading at $165.65, up 5.4%, while insiders sold roughly $30.7 million worth of stock during the latest quarter. Institutional investors own approximately 69.8% of the company.

Corning (NYSE:GLW - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

A number of other research firms have also recently weighed in on GLW. Zacks Research cut shares of Corning from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Morgan Stanley reduced their target price on shares of Corning from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. Truist Financial upgraded shares of Corning from a "hold" rating to a "buy" rating and decreased their target price for the stock from $205.00 to $175.00 in a research report on Sunday, August 2nd. Oppenheimer dropped their price target on shares of Corning from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Corning from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Corning has a consensus rating of "Moderate Buy" and an average price target of $174.08.

Corning Trading Up 5.4%

NYSE:GLW opened at $165.65 on Friday. Corning has a 12-month low of $63.37 and a 12-month high of $271.78. The firm has a market capitalization of $142.69 billion, a P/E ratio of 75.64, a P/E/G ratio of 2.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The business has a 50 day simple moving average of $179.73 and a 200 day simple moving average of $159.07.

Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities research analysts predict that Corning will post 3.27 EPS for the current year.

Insider Activity at Corning

In other news, VP John Z. Zhang sold 10,000 shares of the business's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the sale, the vice president owned 5,138 shares of the company's stock, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Wendell P. Weeks sold 100,000 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares of the company's stock, valued at $169,371,500.38. This represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,655 shares of company stock worth $30,692,560 in the last quarter. Company insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On Corning

Several large investors have recently made changes to their positions in GLW. Norges Bank acquired a new stake in shares of Corning during the 4th quarter valued at $921,435,000. Bank of New York Mellon Corp acquired a new position in shares of Corning in the 2nd quarter worth $1,510,911,000. Capital Research Global Investors raised its position in shares of Corning by 52.7% during the fourth quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker's stock worth $1,478,959,000 after purchasing an additional 5,831,873 shares during the period. Deutsche Bank AG acquired a new stake in shares of Corning during the second quarter worth $612,763,000. Finally, Polar Capital Holdings Plc lifted its holdings in shares of Corning by 141.2% during the third quarter. Polar Capital Holdings Plc now owns 4,011,153 shares of the electronics maker's stock valued at $329,035,000 after purchasing an additional 2,348,125 shares during the last quarter. Institutional investors own 69.80% of the company's stock.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.

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