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 for various carrier network applications. This segment also offers operator-grade distributed antenna systems; optical network evolution wireless platform; 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 offers 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 offers laboratory products comprising consumables, such as plastic vessels, 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.

Overall MarketRank^™

1.99 out of 5 stars

Computer And Technology Sector

82nd out of 1,563 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 6 stocks

1.4 Analyst's Opinion

Consensus Rating
Corning has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Corning has a forecasted downside of 8.7% from its current price of $46.00.
Amount of Analyst Coverage
Corning has only been the subject of 3 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Corning has received 865 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Corning has received 865 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Corning has received 50.00% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
Corning pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Corning has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Corning is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corning insiders have sold 5,111,861.36% more of their company's stock than they have bought. Specifically, they have bought $59,977.00 in company stock and sold $3,066,001,063.00 in company stock.
Percentage Held by Insiders
Only 0.47% of the stock of Corning is held by insiders.
Percentage Held by Institutions
74.33% of the stock of Corning is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Corning are expected to grow by 34.56% in the coming year, from $1.36 to $1.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corning is 230.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corning is 230.00, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 65.87.
Price to Earnings Growth Ratio
Corning has a PEG Ratio of 9.93. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Corning has a P/B Ratio of 3.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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Corning (NYSE:GLW) Frequently Asked Questions

Is Corning a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Corning stock.
View analyst ratings for Corning or view top-rated stocks.

What stocks does MarketBeat like better than Corning?

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.
View MarketBeat's top stock picks here.

When is Corning's next earnings date?

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

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its quarterly earnings data on Tuesday, April, 27th. The electronics maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The electronics maker earned $3.29 billion during the quarter, compared to the consensus estimate of $3.11 billion. Corning had a trailing twelve-month return on equity of 11.50% and a net margin of 2.71%. The firm's revenue was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS.
View Corning's earnings history.

How has Corning's stock price been impacted by COVID-19?

Corning's stock was trading at $23.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GLW shares have increased by 98.7% and is now trading at $46.00.
View which stocks have been most impacted by COVID-19.

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

Corning declared a quarterly dividend on Friday, April 30th. Investors of record on Friday, May 28th will be given a dividend of $0.24 per share on Tuesday, June 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 27th.
View Corning's dividend history.

Is Corning a good dividend stock?

Corning pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.10%. 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.

What guidance has Corning issued on next quarter's earnings?

Corning updated its second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 0.490-0.530 for the period, compared to the Thomson Reuters consensus estimate of $0.480. The company issued revenue guidance of $3.30 billion-$3.50 billion, compared to the consensus revenue estimate of $3.24 billion.

What price target have analysts set for GLW?

10 Wall Street analysts have issued 12 month price objectives for Corning's stock. Their forecasts range from $26.00 to $55.00. On average, they anticipate Corning's stock price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 8.7%.
View analysts' price targets for Corning or view top-rated stocks among Wall Street analysts.

Who are Corning's key executives?

Corning's management team includes the following people:

Mr. Wendell P. Weeks, Chairman & CEO (Age 61, Pay $9.05M)
Mr. Eric S. Musser, Pres & COO (Age 61, Pay $2.64M) (LinkedIn Profile)
Mr. R. Tony Tripeny, Exec. VP & CFO (Age 62, Pay $2.52M) (LinkedIn Profile)
Mr. Lawrence D. McRae, First Vice Chairman & Corp. Devel. Officer (Age 62, Pay $2.76M)
Mr. James P. Clappin, Second Vice Chairman & Strategic Advisor to the CEO (Age 64, Pay $2.78M)
Dr. David L. Morse, Exec. VP & CTO (Age 69) (LinkedIn Profile)
Ms. Anne Elizabeth Mullins, Sr. VP and Chief Digital & Information Officer (Age 58) (LinkedIn Profile)
Mr. Lewis A. Steverson, Exec. VP and Chief Legal & Admin. Officer (Age 57) (LinkedIn Profile)
Ms. Ann H. S. Nicholson, VP of Investor Relations (LinkedIn Profile)
Kevin G. Corliss, VP of Global Employee Relations & Chief Compliance Officer

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?

Some companies that are related to Corning include Amphenol (APH), Dolby Laboratories (DLB), Littelfuse (LFUS), Vishay Intertechnology (VSH) and Rogers (ROG).
View all of GLW's 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), The 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.36%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Swiss National Bank (0.35%), KBC Group NV (0.26%), Robeco Schweiz AG (0.21%) and Envestnet Asset Management Inc. (0.20%). 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, 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, Roger W Jr Ferguson, Stefan Becker 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 Sumitomo Mitsui Trust Holdings Inc., Towerview LLC, Minneapolis Portfolio Management Group LLC, Wedge Capital Management L L P NC, Foundation Resource Management Inc., Robeco Institutional Asset Management B.V., TCW Group Inc., and Assenagon Asset Management S.A.. 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, 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, 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Envestnet Asset Management Inc., Robeco Schweiz AG, KBC Group NV, GWM Advisors LLC, Bank of Nova Scotia, Artemis Investment Management LLP, and Country Club Trust Company n.a..
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 $46.00.

How much money does Corning make?

Corning has a market capitalization of $39.16 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.

How many employees does Corning have?

Corning employs 50,110 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..

When was Corning founded?

Corning was founded in 1851.

What is Corning's official website?

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

Where are Corning's headquarters?

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

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 5/9/2021 by MarketBeat.com Staff

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