S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit

Corning - GLW Stock Forecast, Price & News

$35.80
-0.69 (-1.89%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.69
$36.28
50-Day Range
$31.37
$36.76
52-Week Range
$30.63
$43.47
Volume
4.65 million shs
Average Volume
4.39 million shs
Market Capitalization
$30.26 billion
P/E Ratio
15.36
Dividend Yield
3.02%
Price Target
$42.80

Corning MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
19.6% Upside
$42.80 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.03mentions of Corning in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$204,603 Sold Last Quarter
Proj. Earnings Growth
11.21%
From $2.23 to $2.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Computer And Technology Sector

66th out of 832 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 3 stocks

GLW stock logo

About Corning (NYSE:GLW) Stock

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GLW shares. Morgan Stanley reaffirmed a "hold" rating and issued a $40.00 price objective on shares of Corning in a research note on Thursday, April 14th. Susquehanna Bancshares lowered their price objective on shares of Corning from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Wednesday, July 27th. JPMorgan Chase & Co. lowered their price objective on shares of Corning from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. Citigroup downgraded shares of Corning from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $46.00 to $37.00 in a report on Monday, May 23rd. Finally, UBS Group reduced their target price on shares of Corning to $40.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.80.

Corning Stock Performance

NYSE:GLW traded down $0.69 during midday trading on Friday, hitting $35.80. The company's stock had a trading volume of 4,652,525 shares, compared to its average volume of 4,388,775. Corning has a fifty-two week low of $30.63 and a fifty-two week high of $43.47. The firm's 50 day moving average is $33.78 and its 200-day moving average is $36.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a market cap of $30.26 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.47 and a beta of 0.99.

Corning (NYSE:GLW - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The electronics maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Corning had a net margin of 13.73% and a return on equity of 15.38%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $0.53 EPS. Corning's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Corning will post 2.23 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.08 annualized dividend and a yield of 3.02%. Corning's dividend payout ratio (DPR) is presently 46.35%.

Insider Buying and Selling

In other Corning news, SVP John P. Bayne, Jr. sold 5,575 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $36.70, for a total value of $204,602.50. Following the sale, the senior vice president now owns 7,345 shares in the company, valued at approximately $269,561.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.

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GLW Stock News Headlines

Corning (NYSE:GLW) Rating Lowered to Hold at StockNews.com
Corning (NYSE:GLW) PT Lowered to $40.00 at UBS Group
Susquehanna Cuts Corning (NYSE:GLW) Price Target to $46.00
Corning (GLW) Q2 2022 Earnings Call Transcript
Corning: Q2 Earnings Snapshot - Greenwich Time
See More Headlines
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GLW Company Calendar

Ex-Dividend for 6/29 Dividend
5/27/2022
Dividend Payable
6/29/2022
Last Earnings
7/26/2022
Today
8/07/2022
Ex-Dividend for 9/29 Dividend
8/30/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nonferrous wiredrawing & insulating
Sub-Industry
Electronic Components
CUSIP
21935010
Employees
61,200
Year Founded
1851

Price Target and Rating

Average Stock Price Forecast
$42.80
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
17.57%

Debt

Sales & Book Value

Annual Sales
$14.08 billion
Cash Flow
$3.86 per share
Book Value
$14.18 per share

Miscellaneous

Free Float
842,275,000
Market Cap
$30.26 billion
Optionable
Optionable
Beta
0.99

Social Links















GLW Stock - Frequently Asked Questions

Should I buy or sell Corning stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Corning stock.
View analyst ratings for Corning
or view top-rated stocks.

What is Corning's stock price forecast for 2022?

10 brokers have issued twelve-month price targets for Corning's shares. Their GLW stock forecasts range from $37.00 to $50.00. On average, they anticipate Corning's share price to reach $42.80 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price.
View analysts' price targets for Corning
or view top-rated stocks among Wall Street analysts.

How has Corning's stock price performed in 2022?

Corning's stock was trading at $37.23 at the beginning of the year. Since then, GLW stock has decreased by 3.8% and is now trading at $35.80.
View the best growth stocks for 2022 here
.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for Corning
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its earnings results on Tuesday, July, 26th. The electronics maker reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. The electronics maker had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.79 billion. Corning had a trailing twelve-month return on equity of 15.38% and a net margin of 13.73%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS.
Read Corning's conference call transcript
.

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

Corning declared a quarterly dividend on Thursday, June 30th. Investors of record on Wednesday, August 31st will be paid a dividend of $0.27 per share on Thursday, September 29th. This represents a $1.08 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, August 30th.
View Corning's dividend history
.

Is Corning a good dividend stock?

Corning(NYSE:GLW) pays an annual dividend of $1.08 per share and currently has a dividend yield of 3.02%. Corning has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Corning is 46.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Corning will have a dividend payout ratio of 43.55% next year. This indicates that Corning will be able to sustain or increase its dividend.
View Corning's dividend history.

What guidance has Corning issued on next quarter's earnings?

Corning updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $15.00B-, compared to the consensus revenue estimate of $15.35 billion.

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning CEO Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among Corning's employees.

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), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).

What is Corning's stock symbol?

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

Who are Corning's major shareholders?

Corning's stock is owned by a variety of institutional and retail investors. Top institutional investors include Truist Financial Corp (0.45%), Envestnet Asset Management Inc. (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Staley Capital Advisers Inc. (0.14%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.13%) and RNC Capital Management LLC (0.13%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, David L Morse, Deborah Rieman, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
View institutional ownership trends for Corning
.

How do I buy shares of Corning?

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

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $35.80.

How much money does Corning make?

Corning (NYSE:GLW) has a market capitalization of $30.26 billion and generates $14.08 billion in revenue each year. The electronics maker earns $1.91 billion in net income (profit) each year or $2.33 on an earnings per share basis.

How many employees does Corning have?

Corning employs 61,200 workers across the globe.

Does Corning have any subsidiaries?

The following companies are subsidiares of Corning: 3M Communication, Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Holdings Corporation, Axygen Inc., CCS Holdings Inc., Chengdu Honing Display Glass Co. Ltd., Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning B.V., Corning China (Shanghai) Regional Headquarter, Corning Display Technologies (China) Co. Ltd., Corning Display Technologies (Chongqing) Co. Ltd., Corning Display Technologies (Guangzhou) Co. Ltd., Corning Display Technologies (Hefei) Co. Ltd., Corning Display Technologies (Wuhan) Co. Ltd., Corning Display Technologies Taiwan Co. Ltd., Corning Environmental Technologies (Hefei) Co. Ltd., Corning Finance B.V., Corning Finance Luxembourg S.à.r.l., Corning GmbH, Corning Holding GmbH, Corning Hungary Data Services Limited Liability Company, Corning International Corporation, Corning International Luxembourg S.à.r.l., Corning International Netherlands B.V., Corning Japan K.K., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications Holding Co. Inc., Corning Optical Communications LLC, Corning Optical Communications Polska Sp.zo.o., Corning Optical Communications Pty. Ltd, Corning Optical Communications RF LLC, Corning Optical Communications Vermoegensverwaltungsgesellschaft mbH, Corning Optical Fiber Cable (Chengdu) Co. Ltd., Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.a r.l., Corning Singapore Holdings Private Limited, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies India Private Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, Corning Ventures S.à.r.l., DC HSC Holdings LLC, Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, Hemlock Semiconductor L.L.C., Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Saint-Gobain Corning Automotive Glazing S.N.C., Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, US Conec Ltd., Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc..
Read More

When was Corning founded?

Corning was founded in 1851.

How can I contact Corning?

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The official website for Corning is www.corning.com. The electronics maker can be reached via phone at (607) 974-9000, via email at irinfo@corning.com, or via fax at 607-974-2063.

This page (NYSE:GLW) was last updated on 8/7/2022 by MarketBeat.com Staff

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