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DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Market Wizard who made $95 million for his clients in 2008 (Ad)
US to hold trade talks with Taiwan, island drills military
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Market Wizard who made $95 million for his clients in 2008 (Ad)
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Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Market Wizard who made $95 million for his clients in 2008 (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Market Wizard who made $95 million for his clients in 2008 (Ad)
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Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Market Wizard who made $95 million for his clients in 2008 (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Market Wizard who made $95 million for his clients in 2008 (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Market Wizard who made $95 million for his clients in 2008 (Ad)
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Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Market Wizard who made $95 million for his clients in 2008 (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
NYSE:GLW

Corning - GLW Stock Forecast, Price & News

$36.86
+0.48 (+1.32%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.35
$36.99
50-Day Range
$31.37
$37.54
52-Week Range
$30.63
$43.47
Volume
2.40 million shs
Average Volume
4.98 million shs
Market Capitalization
$31.16 billion
P/E Ratio
15.82
Dividend Yield
2.97%
Price Target
$42.18

Corning MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
14.4% Upside
$42.18 Price Target
Short Interest
Healthy
1.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.14mentions of Corning in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$204,603 Sold Last Quarter
Proj. Earnings Growth
11.21%
From $2.23 to $2.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.20 out of 5 stars

Computer And Technology Sector

17th out of 660 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 2 stocks

GLW stock logo

About Corning (NYSE:GLW) Stock

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. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, 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.

Corning Stock Performance

Shares of NYSE:GLW opened at $36.38 on Thursday. The business's 50 day moving average price is $33.92 and its 200-day moving average price is $36.12. The firm has a market capitalization of $30.75 billion, a PE ratio of 15.61, a P/E/G ratio of 2.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 0.91. Corning has a 1 year low of $30.63 and a 1 year high of $43.47.

Corning (NYSE:GLW - Get Rating) last posted its earnings results on Tuesday, July 26th. The electronics maker reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. Corning had a return on equity of 15.38% and a net margin of 13.73%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts expect that Corning will post 2.23 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.97%. Corning's dividend payout ratio is currently 46.35%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GLW shares. Citigroup lowered Corning from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $46.00 to $37.00 in a research report on Monday, May 23rd. Barclays downgraded Corning from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $53.00 to $38.00 in a research note on Wednesday, May 11th. UBS Group dropped their price target on Corning to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. StockNews.com downgraded Corning from a "buy" rating to a "hold" rating in a research note on Monday, August 1st. Finally, Credit Suisse Group assumed coverage on Corning in a report on Tuesday. They set a "neutral" rating and a $36.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Corning has an average rating of "Moderate Buy" and an average price target of $42.18.

Insider Transactions at Corning

In related news, SVP John P. Bayne, Jr. sold 5,575 shares of the company's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $36.70, for a total value of $204,602.50. Following the completion of the sale, the senior vice president now directly owns 7,345 shares of the company's stock, valued at approximately $269,561.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company's stock.

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GLW Stock News Headlines

Analyst Ratings for Owens-Corning - Benzinga
Corning (NYSE:GLW) Rating Lowered to Hold at StockNews.com
Corning (NYSE:GLW) PT Lowered to $40.00 at UBS Group
Susquehanna Cuts Corning (NYSE:GLW) Price Target to $46.00
See More Headlines
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GLW Company Calendar

Ex-Dividend for 6/29 Dividend
5/27/2022
Dividend Payable
6/29/2022
Last Earnings
7/26/2022
Today
8/18/2022
Ex-Dividend for 9/29 Dividend
8/30/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nonferrous wiredrawing & insulating
Sub-Industry
Electronic Components
CUSIP
21935010
Employees
61,200
Year Founded
1851

Price Target and Rating

Average Stock Price Forecast
$42.18
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+14.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
17.57%

Debt

Sales & Book Value

Annual Sales
$14.08 billion
Cash Flow
$3.80 per share
Book Value
$14.18 per share

Miscellaneous

Free Float
842,275,000
Market Cap
$31.16 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Mr. Wendell P. WeeksMr. Wendell P. Weeks (Age 62)
    Chairman & CEO
    Comp: $12.74M
  • Mr. Eric S. MusserMr. Eric S. Musser (Age 62)
    Pres & COO
    Comp: $4.72M
  • Mr. Lewis A. SteversonMr. Lewis A. Steverson (Age 58)
    Exec. VP and Chief Legal & Admin. Officer
    Comp: $3.65M
  • Mr. Lawrence D. McRaeMr. Lawrence D. McRae (Age 63)
    First Vice Chairman & Corp. Devel. Officer
    Comp: $3.92M
  • Mr. Edward A. SchlesingerMr. Edward A. Schlesinger (Age 54)
    Exec. VP & CFO
  • Mr. Stefan BeckerMr. Stefan Becker (Age 50)
    Sr. VP of Fin., Corp. Controller & Principal Accounting Officer
  • Dr. Jaymin Amin (Age 54)
    Sr. VP & CTO
  • Ms. Anne Elizabeth Mullins (Age 59)
    Sr. VP and Chief Digital & Information Officer
  • Ms. Ann H. S. Nicholson
    VP of Investor Relations
  • Kevin G. Corliss
    VP of Global Employee Relations & Chief Compliance Officer













GLW Stock - Frequently Asked Questions

Should I buy or sell Corning stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GLW shares.
View GLW analyst ratings
or view top-rated stocks.

What is Corning's stock price forecast for 2022?

11 analysts have issued 1 year price targets for Corning's shares. Their GLW share price forecasts range from $36.00 to $50.00. On average, they expect the company's share price to reach $42.18 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
View analysts price targets for GLW
or view top-rated stocks among Wall Street analysts.

How have GLW shares performed in 2022?

Corning's stock was trading at $37.23 on January 1st, 2022. Since then, GLW stock has decreased by 1.0% and is now trading at $36.86.
View the best growth stocks for 2022 here
.

Are investors shorting Corning?

Corning saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 12,630,000 shares, a drop of 38.1% from the July 15th total of 20,400,000 shares. Based on an average daily volume of 4,840,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.7% of the shares of the stock are sold short.
View Corning's Short Interest
.

When is Corning's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our GLW earnings forecast
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its earnings results on Tuesday, July, 26th. The electronics maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The electronics maker earned $3.76 billion during the quarter, compared to analyst estimates of $3.79 billion. Corning had a trailing twelve-month return on equity of 15.38% and a net margin of 13.73%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share.
Read the conference call transcript
.

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

Corning declared a quarterly dividend on Thursday, June 30th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.27 per share on Thursday, September 29th. This represents a $1.08 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for GLW
.

Is Corning a good dividend stock?

Corning (NYSE:GLW) pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLW will have a dividend payout ratio of 43.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

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

Corning issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $15.00B-, compared to the consensus revenue estimate of $15.35 billion.

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

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), 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 a number of institutional and retail investors. Top institutional investors include State Street Corp (3.70%), Price T Rowe Associates Inc. MD (2.37%), Northern Trust Corp (1.39%), Primecap Management Co. CA (1.11%), Truist Financial Corp (0.45%) and Massachusetts Financial Services Co. MA (0.44%). Insiders that own company stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, 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, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
View institutional ownership trends
.

How do I buy shares of Corning?

Shares of GLW stock 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 $36.86.

How much money does Corning make?

Corning (NYSE:GLW) has a market capitalization of $31.16 billion and generates $14.08 billion in revenue each year. The electronics maker earns $1.91 billion in net income (profit) each year or $2.33 on an earnings per share basis.

How many employees does Corning have?

The company employs 61,200 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..
Read More
When was Corning founded?

Corning was founded in 1851.

How can I contact Corning?

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The official website for the company is www.corning.com. The electronics maker can be reached via phone at (607) 974-9000, via email at irinfo@corning.com, or via fax at 607-974-2063.

This page (NYSE:GLW) was last updated on 8/19/2022 by MarketBeat.com Staff

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