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NYSE:GLW

Corning Stock Forecast, Price & News

$31.91
+0.26 (+0.82%)
(As of 07/6/2022 05:43 PM ET)
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Compare
Today's Range
$31.51
$32.19
50-Day Range
$31.37
$37.27
52-Week Range
$30.63
$43.47
Volume
3.30 million shs
Average Volume
5.19 million shs
Market Capitalization
$26.95 billion
P/E Ratio
25.53
Dividend Yield
3.41%
Price Target
$45.20

Corning MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
41.5% Upside
$45.20 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Corning in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$76,716 Sold Last Quarter
Proj. Earnings Growth
11.02%
From $2.36 to $2.62 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.55 out of 5 stars

Computer And Technology Sector

96th out of 932 stocks

Nonferrous Wiredrawing & Insulating Industry

2nd out of 4 stocks

30 days | 90 days | 365 days | Advanced Chart

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Corning 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.

GLW Stock News Headlines

StockNews.com Upgrades Corning (NYSE:GLW) to Buy
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 6/29 Dividend
5/27/2022
Dividend Payable
6/29/2022
Today
7/06/2022
Next Earnings (Confirmed)
7/26/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$45.20
High Stock Price Forecast
$51.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+41.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.6
Research Coverage
10 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
16.12%

Debt

Sales & Book Value

Annual Sales
$14.08 billion
Cash Flow
$3.86 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
841,571,000
Market Cap
$26.95 billion
Optionable
Optionable
Beta
0.95

Social Links















Corning Frequently Asked Questions

Should I buy or sell Corning stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year price objectives for Corning's shares. Their GLW stock forecasts range from $37.00 to $51.00. On average, they expect Corning's share price to reach $45.20 in the next year. This suggests a possible upside of 41.6% 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 performed in 2022?

Corning's stock was trading at $37.23 at the beginning of the year. Since then, GLW shares have decreased by 14.3% and is now trading at $31.91.
View the best growth stocks for 2022 here
.

Are investors shorting Corning?

Corning saw a increase in short interest in May. As of May 31st, there was short interest totaling 15,400,000 shares, an increase of 28.1% from the May 15th total of 12,020,000 shares. Based on an average daily volume of 5,090,000 shares, the short-interest ratio is presently 3.0 days. Currently, 2.0% of the company's stock are short sold.
View Corning's Short Interest
.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Corning
.

How can I listen to Corning's earnings call?

Corning will be holding an earnings conference call on Tuesday, July 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its earnings results on Tuesday, April, 26th. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The electronics maker earned $3.74 billion during the quarter, compared to analysts' expectations of $3.55 billion. Corning had a trailing twelve-month return on equity of 21.56% and a net margin of 13.05%. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share.
View Corning's earnings history
.

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

Corning announced a quarterly dividend on Thursday, June 30th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.27 per share on Thursday, September 29th. This represents a $1.08 dividend on an annualized basis and a yield of 3.38%. 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 3.41%. 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 86.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Corning will have a dividend payout ratio of 41.22% 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 issued an update on its FY 2022 earnings guidance on Friday, July, 1st. 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 $15.39 billion.

Who are Corning's key executives?

Corning's management team includes the following people:

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.

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), 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 number of retail and institutional investors. Top institutional investors include Cacti Asset Management LLC (0.10%), Neville Rodie & Shaw Inc. (0.01%), Nexus Investment Management ULC (0.01%), Park National Corp OH (0.00%) and Parsec Financial Management Inc. (0.00%). 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
.

Which major investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc., Park National Corp OH, and Parsec Financial Management Inc.. Company insiders that have sold Corning company stock in the last two years include Clark S Kinlin, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Stefan Becker, Thomas Peterffy, and Wendell P Weeks.
View insider buying and selling activity for Corning
or view top insider-selling stocks.

Which major investors are buying Corning stock?

GLW stock was bought by a variety of institutional investors in the last quarter, including Nexus Investment Management ULC, and Cacti Asset Management LLC.
View insider buying and selling activity for Corning
or or view top insider-buying stocks.

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 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 $31.91.

How much money does Corning make?

Corning (NYSE:GLW) has a market capitalization of $26.95 billion and generates $14.08 billion in revenue each year. The electronics maker earns $1.91 billion in net income (profit) each year or $1.25 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 7/6/2022 by MarketBeat.com Staff

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