Corning Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 3 hold ratings and 7 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.

Wall Street analysts have given Corning a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Corning wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Corning saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 10,920,000 shares, an increase of 31.3% from the February 28th total of 8,320,000 shares. Based on an average trading volume of 4,730,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the shares of the company are short sold.
View Corning's Short Interest.

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for Corning.

Corning will be holding an earnings conference call on Tuesday, April 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Corning Incorporated (NYSE:GLW) posted its quarterly earnings results on Wednesday, January, 27th. The electronics maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The electronics maker had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.18 billion. Corning had a net margin of 2.71% and a trailing twelve-month return on equity of 11.50%. Corning's revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share.
View Corning's earnings history.

Corning's stock was trading at $23.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GLW stock has increased by 97.8% and is now trading at $45.80.
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Corning declared a quarterly dividend on Thursday, February 4th. Stockholders of record on Friday, February 26th will be paid a dividend of $0.24 per share on Tuesday, March 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, February 25th. This is a positive change from Corning's previous quarterly dividend of $0.22.
View Corning's dividend history.

Corning pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.12%. Corning does not yet have a strock track record of dividend growth. The dividend payout ratio of Corning is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Corning will have a dividend payout ratio of 52.46% next year. This indicates that Corning will be able to sustain or increase its dividend.
View Corning's dividend history.

Corning updated its first quarter earnings guidance on Wednesday, January, 27th. The company provided earnings per share (EPS) guidance of $0.40-$0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.39. The company issued revenue guidance of $3.0-$3.2 billion, compared to the consensus revenue estimate of $2.94 billion.

10 analysts have issued twelve-month target prices for Corning's stock. Their forecasts range from $26.00 to $54.00. On average, they expect Corning's stock price to reach $39.89 in the next twelve months. This suggests that the stock has a possible downside of 12.9%.
View analysts' price targets for Corning or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Corning include Amphenol (APH), Dolby Laboratories (DLB), Littelfuse (LFUS), Rogers (ROG) and Vishay Intertechnology (VSH).
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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), The Walt Disney (DIS) and Johnson & Johnson (JNJ).

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

Corning's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.20%), Cacti Asset Management LLC (0.11%), State of Alaska Department of Revenue (0.05%), Retirement Systems of Alabama (0.04%), Royal London Asset Management Ltd. (0.04%) and O Keefe Stevens Advisory Inc. (0.04%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny and Wendell P Weeks.
View institutional ownership trends for Corning.

GLW stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Foundation Resource Management Inc., State of Alaska Department of Revenue, Clear Street Markets LLC, Retirement Systems of Alabama, Guardian Investment Management, Corrado Advisors LLC, and Pacer Advisors Inc.. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, and Wendell P Weeks.
View insider buying and selling activity for Corning or view top insider-selling stocks.

GLW stock was purchased by a variety of institutional investors in the last quarter, including Country Club Trust Company n.a., DnB Asset Management AS, Nexus Investment Management ULC, Clarus Group Inc., Everence Capital Management Inc., Parkside Investments LLC, Hodges Capital Management Inc., and Norman Fields Gottscho Capital Management LLC.
View insider buying and selling activity for Corning or or view top insider-buying stocks.

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.
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One share of GLW stock can currently be purchased for approximately $45.80.

Corning has a market capitalization of $35.23 billion and generates $11.50 billion in revenue each year. The electronics maker earns $960 million in net income (profit) each year or $1.76 on an earnings per share basis.

Corning employs 50,110 workers across the globe.

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..

Corning was founded in 1851.

The official website for Corning is www.corning.com.

Corning is headquartered at ONE RIVERFRONT PLAZA, CORNING NY, 14831.

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]