NYSE:GLWCorning Stock Price, Forecast & News

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 (WHO). Since then, GLW stock has increased by 14.4% and is now trading at $26.48. View which stocks have been most impacted by Coronavirus.

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.

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

Corning Incorporated (NYSE:GLW) announced its quarterly earnings results on Tuesday, April, 28th. The electronics maker reported $0.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.03. The electronics maker had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.47 billion. Corning had a net margin of 3.29% and a return on equity of 13.01%. The business's revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. View Corning's earnings history.

Corning announced a quarterly dividend on Monday, May 4th. Stockholders 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 yield of 3.32%. The ex-dividend date of this dividend is Thursday, May 28th. View Corning's dividend history.

12 Wall Street analysts have issued twelve-month price targets for Corning's shares. Their forecasts range from $22.00 to $42.00. On average, they expect Corning's stock price to reach $29.70 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price. View analysts' price targets for Corning.

Press coverage about GLW stock has been trending negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corning earned a news impact score of -2.1 on InfoTrie's scale. They also assigned news articles about the electronics maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Corning.

Corning saw a increase in short interest in June. As of June 30th, there was short interest totaling 23,770,000 shares, an increase of 9.3% from the June 15th total of 21,740,000 shares. Based on an average daily trading volume, of 6,150,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.1% of the company's stock are short sold. View Corning's Current Options Chain.

Some companies that are related to Corning include Amphenol (APH), Dolby Laboratories (DLB), Littelfuse (LFUS), Rogers (ROG) and Vishay Intertechnology (VSH). View all competitors.

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).

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

Corning's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cacti Asset Management LLC (0.13%), Envestnet Asset Management Inc. (0.07%), Foundation Resource Management Inc. (0.07%), State of Alaska Department of Revenue (0.05%), O Keefe Stevens Advisory Inc. (0.04%) and Old Port Advisors (0.01%). 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.

GLW stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Envestnet Asset Management Inc., Foundation Resource Management Inc., HNP Capital LLC, Corrado Advisors LLC, Park National Corp OH, West Branch Capital LLC, and Hudson Valley Investment Advisors Inc. ADV. 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.

GLW stock was purchased by a variety of institutional investors in the last quarter, including O Keefe Stevens Advisory Inc., State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Private Trust Co. NA, Clarius Group LLC, Old Port Advisors, West Oak Capital LLC, and Chesley Taft & Associates LLC. View insider buying and selling activity for 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.

One share of GLW stock can currently be purchased for approximately $26.48.

Corning has a market capitalization of $20.15 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.

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

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]