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Corning Stock Price, Forecast & Analysis (NYSE:GLW)

$28.62
-0.33 (-1.14 %)
(As of 11/20/2019 04:00 PM ET)
Today's Range
$28.41
Now: $28.62
$28.97
50-Day Range
$27.36
MA: $29.31
$30.71
52-Week Range
$26.75
Now: $28.62
$35.34
Volume3.74 million shs
Average Volume4.85 million shs
Market Capitalization$22.01 billion
P/E Ratio16.08
Dividend Yield2.73%
Beta1.16
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Read More…

Industry, Sector and Symbol

Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
SectorComputer and Technology
CUSIP21935010
Phone607-974-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.29 billion
Cash Flow$3.61 per share
Book Value$14.48 per share

Profitability

Net Income$1.07 billion

Miscellaneous

Employees51,500
Market Cap$22.01 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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Corning (NYSE:GLW) Frequently Asked Questions

What is Corning's stock symbol?

Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

How often does Corning pay dividends? What is the dividend yield for Corning?

Corning announced a quarterly dividend on Thursday, September 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.20 per share on Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, November 14th. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its quarterly earnings data on Tuesday, October, 29th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The electronics maker earned $2.93 billion during the quarter, compared to the consensus estimate of $2.87 billion. Corning had a return on equity of 15.19% and a net margin of 10.41%. The firm's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. View Corning's Earnings History.

When is Corning's next earnings date?

Corning is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Corning.

What price target have analysts set for GLW?

11 analysts have issued 1 year target prices for Corning's stock. Their forecasts range from $30.00 to $42.00. On average, they expect Corning's share price to reach $32.90 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Corning.

What is the consensus analysts' recommendation for Corning?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corning.

Has Corning been receiving favorable news coverage?

Media coverage about GLW stock has trended somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corning earned a coverage optimism score of -1.9 on InfoTrie's scale. They also assigned headlines about the electronics maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Corning.

Are investors shorting Corning?

Corning saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 23,180,000 shares, a decrease of 8.6% from the September 30th total of 25,360,000 shares. Based on an average trading volume of 5,370,000 shares, the short-interest ratio is presently 4.3 days. Approximately 3.0% of the company's stock are sold short. View Corning's Current Options Chain.

Who are some of Corning's key competitors?

What other stocks do shareholders of Corning own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), General Electric (GE), AT&T (T), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), Ford Motor (F), Walt Disney (DIS), NVIDIA (NVDA) and Johnson & Johnson (JNJ).

Who are Corning's key executives?

Corning's management team includes the folowing people:
  • Mr. Wendell P. Weeks, Chairman, CEO & Pres (Age 59)
  • Mr. R. Tony Tripeny, Exec. VP & CFO (Age 60)
  • Dr. David L. Morse, Exec. VP & CTO (Age 67)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 60)
  • Mr. James P. Clappin, Exec. VP of Corning Glass Technologies (Age 62)

Who are Corning's major shareholders?

Corning's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.39%), River Road Asset Management LLC (0.27%), California Public Employees Retirement System (0.24%), First Trust Advisors LP (0.24%), Cacti Asset Management LLC (0.22%) and Minneapolis Portfolio Management Group LLC (0.22%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, John A Canning Jr, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran, R Tony Tripeny and Wendell P Weeks. View Institutional Ownership Trends for Corning.

Which institutional investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Zurcher Kantonalbank Zurich Cantonalbank, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Comerica Bank, Russell Investments Group Ltd., James Investment Research Inc., CWM LLC and PGGM Investments. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Eric S Musser, Hansel E Tookes II, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran and Wendell P Weeks. View Insider Buying and Selling for Corning.

Which institutional investors are buying Corning stock?

GLW stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BB&T Securities LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, BB&T Corp, State of Alaska Department of Revenue, Towerview LLC and Miller Howard Investments Inc. NY. View Insider Buying and Selling for Corning.

How do I buy shares of Corning?

Shares of GLW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $28.62.

How big of a company is Corning?

Corning has a market capitalization of $22.01 billion and generates $11.29 billion in revenue each year. The electronics maker earns $1.07 billion in net income (profit) each year or $1.78 on an earnings per share basis. Corning employs 51,500 workers across the globe.View Additional Information About Corning.

What is Corning's official website?

The official website for Corning is http://www.corning.com/.

How can I contact Corning?

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The electronics maker can be reached via phone at 607-974-9000 or via email at [email protected]


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  816 (Vote Outperform)
Underperform Votes:  804 (Vote Underperform)
Total Votes:  1,620
MarketBeat's community ratings are surveys of what our community members think about Corning and other stocks. Vote "Outperform" if you believe GLW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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