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Corning (GLW) Stock Forecast, Price & News

$34.06
-2.23 (-6.14%)
(As of 05/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$33.82
$35.83
50-Day Range
$33.55
$38.37
52-Week Range
$33.21
$44.30
Volume
7.78 million shs
Average Volume
5.19 million shs
Market Capitalization
$28.77 billion
P/E Ratio
27.25
Dividend Yield
2.98%
Beta
0.92
30 days | 90 days | 365 days | Advanced Chart
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Corning logo

About Corning

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.

Headlines

Corning Stock is a Technology Value Play
Glass and optical technology products producer Corning (NYSE: GLW) stock has been very resilient as it is only down (-1%) versus down (-23%) for the Nasdaq 100 index.
Corning (NYSE:GLW) Downgraded by Barclays to "Equal Weight"
StockNews.com Upgrades Corning (NYSE:GLW) to "Buy"
See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$14.08 billion
Cash Flow
$3.70 per share
Book Value
$14.70 per share

Profitability

Net Income
$1.91 billion
Pretax Margin
16.12%

Debt

Price-To-Earnings

Miscellaneous

Free Float
841,571,000
Market Cap
$28.77 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/30 Dividend
2/25/2022
Dividend Payable
3/30/2022
Last Earnings
4/26/2022
Today
5/18/2022
Ex-Dividend for 6/29 Dividend
5/27/2022
Dividend Payable
6/29/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.97 out of 5 stars

Computer And Technology Sector

41st out of 930 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 4 stocks

Analyst Opinion: 3.4Community Rank: 4.4Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













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.

Are investors shorting Corning?

Corning saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 11,980,000 shares, an increase of 22.2% from the March 31st total of 9,800,000 shares. Based on an average trading volume of 5,140,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.6% 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, July 26th 2022.
View our earnings forecast for Corning
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) issued its quarterly earnings results on Tuesday, April, 26th. The electronics maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. The electronics maker had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.55 billion. Corning had a net margin of 13.05% and a trailing twelve-month return on equity of 21.56%. The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share.
View Corning's earnings history
.

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

Corning announced a quarterly dividend on Friday, April 29th. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.27 per share on Wednesday, June 29th. This represents a $1.08 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, May 27th.
View Corning's dividend history
.

Is Corning a good dividend stock?

Corning pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.98%. Corning 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 of Corning is 86.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Corning will have a dividend payout ratio of 41.22% 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 earnings guidance on Tuesday, April, 26th. The company provided earnings per share (EPS) guidance of $0.54-0.59 for the period, compared to the consensus earnings per share estimate of $0.55. The company issued revenue guidance of $3.70-3.90 billion, compared to the consensus revenue estimate of $3.69 billion.

What price target have analysts set for GLW?

10 analysts have issued twelve-month target prices for Corning's stock. Their forecasts range from $38.00 to $51.00. On average, they anticipate Corning's stock price to reach $46.10 in the next year. This suggests a possible upside of 35.3% 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:
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), 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 Vanguard Group Inc. (10.98%), BlackRock Inc. (6.41%), Wellington Management Group LLP (3.95%), State Street Corp (3.76%), Northern Trust Corp (1.36%) and Primecap Management Co. CA (1.17%). Company insiders that own Corning 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 for Corning
.

Which institutional investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Wellington Management Group LLP, State Street Corp, Caisse DE Depot ET Placement DU Quebec, Mairs & Power Inc., UBS Group AG, American Century Companies Inc., and Victory Capital Management Inc.. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, John Z Zhang, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, Robert P France, Thomas Peterffy, 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 acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Envestnet Asset Management Inc., Los Angeles Capital Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Bridgewater Associates LP, National Bank of Canada FI, and Shapiro Capital 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 $34.06.

How much money does Corning make?

Corning has a market capitalization of $28.77 billion and generates $14.08 billion in revenue each year. The electronics maker earns $1.91 billion in net income (profit) each year or $1.25 on an earnings per share basis.

How many employees does Corning have?

Corning 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..

When was Corning founded?

Corning was founded in 1851.

What is Corning's official website?

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

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, via email at [email protected], or via fax at 607-974-2063.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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