NYSE:GLW - Corning Stock Price, News, & Analysis

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$34.78 +0.28 (+0.81 %)
(As of 02/22/2019 03:46 PM ET)
Previous Close$34.50
Today's Range$34.60 - $34.92
52-Week Range$26.11 - $36.56
Volume106,851 shs
Average Volume5.81 million shs
Market Capitalization$27.36 billion
P/E Ratio19.52
Dividend Yield2.08%
Beta1.21
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. Its Optical Communications segment manufactures 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 for various carrier network applications. This segment also offers subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment develops, manufactures, and supplies laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. This segment sells its products 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.

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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$3.7198 per share
Book Value$14.73 per share

Profitability

Net Income$1.07 billion

Miscellaneous

Employees51,500
Market Cap$27.36 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

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, February 7th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.20 per share on Friday, March 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Wednesday, February 27th. This is an increase from Corning's previous quarterly dividend of $0.18. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its earnings results on Tuesday, January, 29th. The electronics maker reported $0.59 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.02. The electronics maker earned $3.04 billion during the quarter, compared to analysts' expectations of $3.02 billion. Corning had a net margin of 9.44% and a return on equity of 14.21%. The business's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 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, April 23rd 2019. View Earnings Estimates for Corning.

What price target have analysts set for GLW?

7 brokers have issued 12-month price objectives for Corning's shares. Their predictions range from $29.00 to $42.00. On average, they expect Corning's share price to reach $35.8571 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Corning.

What is the consensus analysts' recommendation for Corning?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corning.

Has Corning been receiving favorable news coverage?

Media coverage about GLW stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. 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 media sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines about the electronics maker a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Are investors shorting Corning?

Corning saw a increase in short interest in January. As of January 31st, there was short interest totalling 17,752,554 shares, an increase of 19.4% from the January 15th total of 14,867,771 shares. Based on an average daily volume of 8,231,211 shares, the short-interest ratio is presently 2.2 days. Currently, 2.2% of the company's stock are short sold. 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), Micron Technology (MU), Cisco Systems (CSCO), Bank of America (BAC), NVIDIA (NVDA), Ford Motor (F), AT&T (T), Walt Disney (DIS) and Gilead Sciences (GILD).

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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.65%), Bank of New York Mellon Corp (1.75%), LSV Asset Management (1.41%), Geode Capital Management LLC (1.35%), Oregon Public Employees Retirement Fund (1.20%) and Northern Trust Corp (1.16%). 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, James P Clappin, John A Canning Jr, Lawrence D Mcrae, Lewis A Steverson, Lisa Ferrero, Mark S Rogus, R Tony Tripeny and Wendell P Weeks. View Institutional Ownership Trends for Corning.

Which major investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Shapiro Capital Management LLC, Polar Capital LLP, LSV Asset Management, PGGM Investments, New York State Common Retirement Fund, Bank of Montreal Can and Westpac Banking Corp. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Lawrence D Mcrae, Lewis A Steverson, R Tony Tripeny and Wendell P Weeks. View Insider Buying and Selling for Corning.

Which major investors are buying Corning stock?

GLW stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Millennium Management LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Wedge Capital Management L L P NC, Geode Capital Management LLC, Gotham Asset Management LLC and Bank of New York Mellon Corp. 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, Scottrade, Fidelity and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $34.78.

How big of a company is Corning?

Corning has a market capitalization of $27.36 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.

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 investor.corning.com.


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  766 (Vote Outperform)
Underperform Votes:  749 (Vote Underperform)
Total Votes:  1,515
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 2/22/2019 by MarketBeat.com Staff

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