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

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$30.83 +0.05 (+0.16 %)
(As of 10/22/2018 04:00 PM ET)
Previous Close$30.78
Today's Range$30.6050 - $31.1099
52-Week Range$26.11 - $36.56
Volume7.75 million shs
Average Volume6.17 million shs
Market Capitalization$24.93 billion
P/E Ratio17.92
Dividend Yield2.31%
Beta1.35
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising 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 Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment manufactures and supplies scientific laboratory products consisting of consumables, such as plastic vessels, specialty surfaces, and media and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. 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

Stock Exchange NYSE
Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
SectorComputer and Technology
SymbolNYSE:GLW
CUSIP21935010
Phone607-974-9000

Debt

Debt-to-Equity Ratio0.44
Current Ratio2.23
Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio17.92
Forward P/E Ratio17.82
P/E Growth2.17

Sales & Book Value

Annual Sales$10.12 billion
Price / Sales2.47
Cash Flow$3.3584 per share
Price / Cash9.18
Book Value$15.50 per share
Price / Book1.99

Profitability

EPS (Most Recent Fiscal Year)$1.72
Net Income$-497,000,000.00
Net Margins-8.32%
Return on Equity12.03%
Return on Assets5.81%

Miscellaneous

Employees46,200
Outstanding Shares810,020,000
Market Cap$24.93 billion

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 declared a quarterly dividend on Wednesday, October 3rd. Investors of record on Friday, November 16th will be paid a dividend of $0.18 per share on Friday, December 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 15th. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its quarterly earnings results on Wednesday, July, 25th. The electronics maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The electronics maker had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.67 billion. Corning had a positive return on equity of 12.03% and a negative net margin of 8.32%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. View Corning's Earnings History.

When is Corning's next earnings date?

Corning is scheduled to release their next quarterly earnings announcement on Tuesday, October 23rd 2018. View Earnings Estimates for Corning.

How can I listen to Corning's earnings call?

Corning will be holding an earnings conference call on Tuesday, October 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8002301074.

What price target have analysts set for GLW?

10 Wall Street analysts have issued 12-month price objectives for Corning's stock. Their predictions range from $29.00 to $42.00. On average, they expect Corning's stock price to reach $35.8889 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price. View Analyst Price Targets for Corning.

What is the consensus analysts' recommendation for Corning?

10 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corning.

What are Wall Street analysts saying about Corning stock?

Here are some recent quotes from research analysts about Corning stock:
  • 1. According to Zacks Investment Research, "Corning is a leading innovator in the glass substrate industry. The company continues to benefit from strength in its Optical Communications, Environmental Technologies and Life Sciences business. Solid demand for Gorilla Glass 5 and fiber optics products remain key catalyst. The company introduced Corning Gorilla Glass 6 to provide the toughest cover glass available for consumer mobile devices. Corning has been developing formulations that are not only suitable for imparting superior picture quality, but also taking care of their effects on the environment. Management’s aim to return value to shareholders through share repurchases and dividends is encouraging. The stock has outperformed the industry in the past three months on an average. However, building a significant position in China in the prevailing economic and political environment will be challenging for the company given the ongoing trade war between the two nations." (10/22/2018)
  • 2. Guggenheim analysts commented, "We continue to believe consensus numbers look too low through 2019E." (7/25/2018)

Who are some of Corning's key competitors?

Who are Corning's key executives?

Corning's management team includes the folowing people:
  • Mr. Wendell P. Weeks, Chairman, CEO & Pres (Age 58)
  • Mr. R. Tony Tripeny, Sr. VP & CFO (Age 59)
  • Dr. David L. Morse, Exec. VP & CTO (Age 66)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 59)
  • Mr. James P. Clappin, Exec. VP of Corning Glass Technologies (Age 61)

Who are Corning's major shareholders?

Corning's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Cacti Asset Management LLC (0.22%), Bank of Montreal Can (0.13%), Gateway Investment Advisers LLC (0.09%), Foundation Resource Management Inc. (0.09%), Polaris Greystone Financial Group LLC (0.09%) and Aperio Group LLC (0.09%). 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, Martin J Curran, R Tony Tripeny, Robert F Cummings Jr 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 Denali Advisors LLC, Union Bankshares Corp, Park National Corp OH, Douglass Winthrop Advisors LLC, Bank of Montreal Can, Andra AP fonden, Texas Permanent School Fund and First Citizens Bank & Trust Co.. 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, Hansel E Tookes II, Lawrence D Mcrae, Mark S Rogus, 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 Cornerstone Wealth Management LLC, First Hawaiian Bank, We Are One Seven LLC, Manning & Napier Group LLC, Polaris Greystone Financial Group LLC, Aperio Group LLC, American Financial Network Advisory Services LLC and GHP Investment Advisors Inc.. 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 $30.83.

How big of a company is Corning?

Corning has a market capitalization of $24.93 billion and generates $10.12 billion in revenue each year. The electronics maker earns $-497,000,000.00 in net income (profit) each year or $1.72 on an earnings per share basis. Corning employs 46,200 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 [email protected]


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  734 (Vote Outperform)
Underperform Votes:  698 (Vote Underperform)
Total Votes:  1,432
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 10/22/2018 by MarketBeat.com Staff

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