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.
Industry, Sector and Symbol
Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
SectorComputer and Technology
Phone607-974-9000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$11.29 billion
Profitability
Miscellaneous
Employees51,500
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 declared a quarterly dividend on Thursday, February 7th. Investors of record on Thursday, February 28th will be paid a dividend of $0.20 per share on Friday, March 29th. This represents a $0.80 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, February 27th. This is a boost 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) issued its earnings results on Tuesday, January, 29th. The electronics maker reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The electronics maker had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.02 billion. Corning had a return on equity of 14.21% and a net margin of 9.44%. The firm's revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. View Corning's Earnings History.
When is Corning's next earnings date?
What price target have analysts set for GLW?
7 equities research analysts have issued 1-year price targets for Corning's stock. Their forecasts range from $29.00 to $42.00. On average, they expect Corning's stock price to reach $35.8571 in the next twelve months. This suggests a possible upside of 3.9% 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?
Headlines about GLW stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Corning earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned media stories about the electronics maker a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the stock's share price in the near term.
Are investors shorting Corning?
Corning saw a increase in short interest in the month of 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 trading volume of 8,231,211 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.2% of the company's stock are sold short. View Corning's Current Options Chain.
Who are some of Corning's key competitors?
Some companies that are related to Corning include Texas Instruments (TXN), SoftBank Group (SFTBY), NVIDIA (NVDA), Siemens (SIEGY), NTT Docomo (DCMYY), ASML (ASML), VMware (VMW), QUALCOMM (QCOM), T-Mobile Us (TMUS), Dell Technologies (DVMT), Intuit (INTU), Baidu (BIDU), KDDI CORP/ADR (KDDIY), America Movil SAB de CV ADR Series L (AMX) and Vodafone Group (VOD).
What other stocks do shareholders of Corning own?
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 a number of of retail and institutional investors. Top institutional shareholders 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 institutional 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 institutional 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 $34.50.
How big of a company is Corning?
Corning has a market capitalization of $27.14 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?
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)
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.
