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NYSE:GLW

Corning - GLW Stock Forecast, Price & News

$35.08
-1.31 (-3.60%)
(As of 01/31/2023 11:57 AM ET)
Add
Compare
Today's Range
$34.50
$36.39
50-Day Range
$31.42
$36.80
52-Week Range
$28.98
$43.47
Volume
3.26 million shs
Average Volume
4.50 million shs
Market Capitalization
$29.67 billion
P/E Ratio
16.39
Dividend Yield
2.96%
Price Target
$39.00

Corning MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
10.2% Upside
$39.00 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Corning in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.25%
From $2.06 to $2.23 Per Share

Overall MarketRank

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

2.62 out of 5 stars

Computer And Technology Sector

232nd out of 631 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 2 stocks


GLW stock logo

About Corning (NYSE:GLW) Stock

Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets, laboratory products for the scientific community and specialized polymer products for biotechnology applications, advanced optical materials for the semiconductor industry and the scientific community, and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of prod

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GLW Stock News Headlines

Corning stock drops as its Q1 guidance disappoints
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Analysts Set Corning Incorporated (NYSE:GLW) PT at $39.09
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Analyst Ratings for Corning
Corning: Q3 Earnings Insights
Corning, Inc. (GLW) Q3 2022 Earnings Call Transcript
Corning (GLW) Meets Q3 Earnings Estimates
Corning (GLW) Q3 Earnings In Sync Despite Lower Revenues
Will Higher Revenues Benefit Corning (GLW) Q3 Earnings?
More Growth From Corning After Q3? - Forbes
See More Headlines
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GLW Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 12/16 Dividend
11/17/2022
Dividend Payable
12/16/2022
Today
1/31/2023
Next Earnings (Confirmed)
1/31/2023
Fiscal Year End
12/31/2023

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
$39.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
16.11%

Debt

Sales & Book Value

Annual Sales
$14.46 billion
Cash Flow
$3.68 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
842,766,000
Market Cap
$29.67 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Wendell P. WeeksWendell P. Weeks
    Chairman & Chief Executive Officer
  • Eric S. MusserEric S. Musser
    President & Chief Operating Officer
  • Edward A. SchlesingerEdward A. Schlesinger
    Chief Financial Officer & Executive Vice President
  • David L. MorseDavid L. Morse
    Chief Technology Officer & Executive VP
  • Anne Mullins
    Chief Information Officer & Senior Vice President













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 2023?

11 Wall Street research analysts have issued 12 month price targets for Corning's stock. Their GLW share price forecasts range from $35.00 to $50.00. On average, they predict the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 7.2% 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 2023?

Corning's stock was trading at $31.94 at the start of the year. Since then, GLW stock has increased by 13.9% and is now trading at $36.39.
View the best growth stocks for 2023 here
.

Are investors shorting Corning?

Corning saw a increase in short interest in January. As of January 15th, there was short interest totaling 10,190,000 shares, an increase of 6.8% from the December 31st total of 9,540,000 shares. Based on an average trading volume of 4,420,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.3% of the company's stock are short sold.
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, January 31st 2023.
View our GLW earnings forecast
.

How can I listen to Corning's earnings call?

Corning will be holding an earnings conference call on Tuesday, January 31st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its quarterly earnings data on Tuesday, October, 26th. The electronics maker reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.02. The electronics maker had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.63 billion. Corning had a trailing twelve-month return on equity of 15.25% and a net margin of 12.72%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 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 Wednesday, October 5th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.27 per share on Friday, December 16th. This represents a $1.08 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, November 17th.
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 2.93%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 50.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLW will have a dividend payout ratio of 48.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

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 retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.15%), Yacktman Asset Management LP (0.14%), Assenagon Asset Management S.A. (0.13%), RNC Capital Management LLC (0.12%) and Shufro Rose & Co. LLC (0.12%). Insiders that own company stock include Clark S Kinlin, David L Morse, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, 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 $36.39.

How much money does Corning make?

Corning (NYSE:GLW) has a market capitalization of $30.78 billion and generates $14.08 billion in revenue each year. The electronics maker earns $1.91 billion in net income (profit) each year or $2.14 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 - Markets Division, Alliance Fiber Optic Products Inc., Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Bioscience Inc., Axygen Holdings Corporation, Axygen Inc., Chengdu Honing Display Glass Co. Ltd., China Renewable Energy Fund LP, Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning Automotive Glass Solutions (Hefei) 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 Materials (Chongqing) 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 Incorporated, Corning International Corporation, Corning Japan K.K., Corning Life Sciences (Wujiang) Co. Ltd., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications LLC, Corning Optical Communications Polska Sp. z o. o., Corning Optical Communications RF LLC, Corning Optical Communications S. de R.L. de C.V., Corning Optical Communications Vermoegensverwaltungs GmbH, Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.à.r.l., Corning Singapore Holdings Pte Ltd, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, DC HSC Holdings LLC, Discovery Labware Inc., Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, HSC Holdings LLC, Hemlock Holdings LLC, Hemlock Semiconductor L.L.C., Hemlock Semiconductor Operations LLC, Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, NZ Applied Technologies Corporation, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc..
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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 1/31/2023 by MarketBeat.com Staff