NYSE:GLW

Corning Stock Forecast, Price & News

$44.75
+0.18 (+0.40 %)
(As of 04/9/2021 12:00 AM ET)
Add
Compare
Today's Range
$44.40
Now: $44.75
$44.83
50-Day Range
$36.96
MA: $40.58
$45.48
52-Week Range
$18.82
Now: $44.75
$45.84
Volume3.95 million shs
Average Volume4.95 million shs
Market Capitalization$34.42 billion
P/E Ratio223.75
Dividend Yield2.15%
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 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.
Corning logo

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$4.82 per share
Book Value$13.91 per share

Profitability

Net Income$960 million

Miscellaneous

Market Cap$34.42 billion
Next Earnings Date4/27/2021 (Confirmed)
OptionableOptionable

Headlines

Corning (NYSE:GLW) PT Raised to $54.00 at Argus
April 7, 2021 |  americanbankingnews.com
Corning (NYSE:GLW) Price Target Raised to $37.00
April 6, 2021 |  americanbankingnews.com
Corning (NYSE:GLW) Hits New 12-Month High at $44.95
April 5, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.98 out of 5 stars

Computer And Technology Sector

77th out of 1,544 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 6 stocks

Analyst Opinion: 1.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$44.75
+0.18 (+0.40 %)
(As of 04/9/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive GLW News and Ratings via Email

Sign-up to receive the latest news and ratings for GLW and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Corning (NYSE:GLW) Frequently Asked Questions

Is Corning a buy right now?

10 Wall Street equities research 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 equities 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.

Are investors shorting Corning?

Corning saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 10,920,000 shares, an increase of 31.3% from the February 28th total of 8,320,000 shares. Based on an average trading volume of 4,730,000 shares, the short-interest ratio is currently 2.3 days. Currently, 1.4% of the company's stock are short sold.
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 can I listen to Corning's earnings call?

Corning will be holding an earnings conference call on Tuesday, April 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) announced its earnings results on Wednesday, January, 27th. The electronics maker reported $0.52 earnings per share for the quarter, beating the Zacks' 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 firm's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.46 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 93.3% and is now trading at $44.75.
View which stocks have been most impacted by COVID-19
.

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

Corning announced a quarterly dividend on Thursday, February 4th. Shareholders 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 yield of 2.15%. The ex-dividend date is Thursday, February 25th. This is a positive change 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 2.15%. 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 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 Wall Street analysts have issued twelve-month price targets for Corning's shares. Their forecasts range from $26.00 to $54.00. On average, they expect Corning's stock price to reach $39.89 in the next year. This suggests that the stock has a possible downside of 10.9%.
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?

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 a variety of retail and institutional investors. Top institutional shareholders include Cacti Asset Management LLC (0.11%), State of Alaska Department of Revenue (0.05%), Jacobs & Co. CA (0.03%), North American Management Corp (0.02%), F&V Capital Management LLC (0.02%) and Chemung Canal Trust Co. (0.02%). 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, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, 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 Foundation Resource Management Inc., State of Alaska Department of Revenue, Pacer Advisors Inc., Bridge Creek Capital Management LLC, Park National Corp OH, Jacobs & Co. CA, Canandaigua National Corp, and Chemung Canal Trust Co.. 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, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, 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 acquired by a variety of institutional investors in the last quarter, including Nexus Investment Management ULC, Everence Capital Management Inc., Hodges Capital Management Inc., North American Management Corp, First Hawaiian Bank, F&V Capital Management LLC, Private Trust Co. NA, and Cacti Asset Management LLC.
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 $44.75.

How much money does Corning make?

Corning has a market capitalization of $34.42 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 4/12/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.