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NYSE:GLWCorning Stock Price, Forecast & News

$26.68
+1.93 (+7.80 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$25.86
Now: $26.68
$26.71
50-Day Range
$19.44
MA: $21.31
$25.15
52-Week Range
$17.44
Now: $26.68
$34.26
Volume8.21 million shs
Average Volume6.31 million shs
Market Capitalization$20.30 billion
P/E Ratio83.38
Dividend Yield3.56%
Beta1.09
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.33 out of 5 stars


Industry, Sector and Symbol

Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
CUSIP21935010
Phone607-974-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.50 billion
Cash Flow$4.25 per share
Book Value$13.91 per share

Profitability

Net Income$960 million

Miscellaneous

Employees49,500
Market Cap$20.30 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Corning (NYSE:GLW) Frequently Asked Questions

How has Corning's stock been impacted by COVID-19 (Coronavirus)?

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 15.2% and is now trading at $26.68. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Corning?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Corning.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Corning.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) issued its earnings results on Tuesday, April, 28th. The electronics maker reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. The electronics maker earned $2.39 billion during the quarter, compared to the consensus estimate of $2.47 billion. Corning had a net margin of 3.29% and a return on equity of 13.01%. The business's quarterly revenue was down 15.0% compared to the same quarter last year. During the same period last year, the firm earned $0.40 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 Monday, May 4th. Investors of record on Friday, May 29th will be given a dividend of $0.22 per share on Tuesday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Thursday, May 28th. View Corning's dividend history.

What price target have analysts set for GLW?

12 analysts have issued 12 month price targets for Corning's stock. Their forecasts range from $22.00 to $42.00. On average, they expect Corning's stock price to reach $30.00 in the next year. This suggests a possible upside of 12.4% from the stock's current price. View analysts' price targets for Corning.

Has Corning been receiving favorable news coverage?

Press coverage about GLW stock has trended extremely negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Corning earned a news impact score of -5.0 on InfoTrie's scale. They also assigned news headlines about the electronics maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutCorning.

Are investors shorting Corning?

Corning saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 21,140,000 shares, a decrease of 5.1% from the April 30th total of 22,270,000 shares. Based on an average trading volume of 6,730,000 shares, the short-interest ratio is presently 3.1 days. Approximately 2.8% of the shares of the stock are sold short. 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), AT&T (T), Cisco Systems (CSCO), General Electric (GE), NVIDIA (NVDA), Walt Disney (DIS), QUALCOMM (QCOM), Micron Technology (MU), Verizon Communications (VZ) and Bank of America (BAC).

Who are Corning's key executives?

Corning's management team includes the following 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)

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.96%), Wellington Management Group LLP (5.70%), State Street Corp (4.94%), Primecap Management Co. CA (1.83%), Geode Capital Management LLC (1.60%) and Loomis Sayles & Co. L P (1.36%). 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, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran, 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 Deutsche Bank AG, Schafer Cullen Capital Management Inc, Janus Henderson Group PLC, Alliancebernstein L.P., Primecap Management Co. CA, Nuveen Asset Management LLC, Bank of New York Mellon Corp, and BlackRock Inc.. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, Deborah Rieman, Hansel E Tookes II, Lewis A Steverson, and Martin J Curran. View insider buying and selling activity for Corning.

Which major investors are buying Corning stock?

GLW stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Invesco Ltd., Massachusetts Financial Services Co. MA, Randolph Co Inc, Ziegler Capital Management LLC, RNC Capital Management LLC, Swiss National Bank, and Geode Capital Management LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $26.68.

How big of a company is Corning?

Corning has a market capitalization of $20.30 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 49,500 workers across the globe.

What is Corning's official website?

The official website for Corning is 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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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