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DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:GLW

Corning Stock Forecast, Price & News

$37.46
+0.50 (+1.35 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$35.97
Now: $37.46
$37.64
50-Day Range
$35.23
MA: $37.48
$39.47
52-Week Range
$17.44
Now: $37.46
$39.78
Volume3.88 million shs
Average Volume4.67 million shs
Market Capitalization$28.78 billion
P/E Ratio187.30
Dividend Yield2.49%
Beta1.16
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 organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. 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. It also offers pharmaceutical glass tubing and packages. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings; and collaboration with Pixelligent. 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.
Corning logo

Headlines

How to Develop Investment Plans for Corning $GLW
March 4, 2021 |  marketwatch.com
Should Value Investors Consider Corning (GLW) Stock Now?
February 26, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
CUSIP21935010
Phone607-974-9000
Employees50,110
Year Founded1851

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.50 billion
Cash Flow$4.04 per share
Book Value$13.91 per share

Profitability

Net Income$960 million

Miscellaneous

Market Cap$28.78 billion
Next Earnings Date4/27/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.18 out of 5 stars

Computer And Technology Sector

52nd out of 1,528 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 6 stocks

Analyst Opinion: 2.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$37.46
+0.50 (+1.35 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Corning (NYSE:GLW) Frequently Asked Questions

Is Corning a buy right now?

10 Wall Street 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 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.

Are investors shorting Corning?

Corning saw a decline in short interest in the month of January. As of January 29th, there was short interest totaling 7,670,000 shares, a decline of 21.0% from the January 14th total of 9,710,000 shares. Based on an average daily volume of 3,980,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the shares of the stock are sold short.
View Corning's Short Interest
.

When is Corning's next earnings date?

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

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its quarterly earnings results on Wednesday, January, 27th. The electronics maker reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 trailing twelve-month return on equity of 11.50% and a net margin of 2.71%. The company's quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share.
View Corning's earnings history
.

How has Corning's stock price been impacted by Coronavirus?

Corning's stock was trading at $23.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GLW shares have increased by 61.8% and is now trading at $37.46.
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 Thursday, February 4th. Stockholders of record on Friday, February 26th will be given 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 2.56%. The ex-dividend date is Thursday, February 25th. This is an increase from Corning's previous quarterly dividend of $0.22.
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 2.49%. 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 issued an update on 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 earnings per share 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.

What price target have analysts set for GLW?

10 brokerages have issued 12-month price targets for Corning's shares. Their forecasts range from $26.00 to $45.00. On average, they expect Corning's stock price to reach $37.78 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
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 $6.06M)
  • Mr. R. Tony Tripeny, Exec. VP & CFO (Age 62, Pay $1.8M) (LinkedIn Profile)
  • Dr. David L. Morse, Exec. VP & CTO (Age 69, Pay $1.89M) (LinkedIn Profile)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 62, Pay $1.99M)
  • Mr. James P. Clappin, Vice Chairman (Age 64, Pay $1.96M)
  • Mr. Eric S. Musser, Pres & COO (Age 61) (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?

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. (6.79%), Price T Rowe Associates Inc. MD (2.28%), Primecap Management Co. CA (1.63%), Janus Henderson Group PLC (1.57%), Bank of New York Mellon Corp (1.28%) and Dimensional Fund Advisors LP (1.15%). 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, Li Fang, Martin J Curran 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 Price T Rowe Associates Inc. MD, Skandinaviska Enskilda Banken AB publ , Sumitomo Mitsui Trust Holdings Inc., Primecap Management Co. CA, Bank of New York Mellon Corp, Northern Trust Corp, New York State Common Retirement Fund, and Towerview LLC. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, Edward A Schlesinger, Eric S Musser, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, and Wendell P Weeks.
View insider buying and selling activity for Corning
or view top insider-selling stocks.

Which institutional investors are buying Corning stock?

GLW stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, First Trust Advisors LP, Wedge Capital Management L L P NC, KBC Group NV, Bowen Hanes & Co. Inc., Nuveen Asset Management LLC, Morgan Stanley, and Assenagon Asset Management S.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 $37.46.

How much money does Corning make?

Corning has a market capitalization of $28.78 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 3/7/2021 by MarketBeat.com Staff

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