NYSE:GLWCorning Stock Price, Forecast & News

Corning's stock was trading at $23.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GLW shares have decreased by 12.7% and is now trading at $20.22. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Corning.

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Corning.

Corning will be holding an earnings conference call on Tuesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Corning Incorporated (NYSE:GLW) announced its earnings results on Wednesday, January, 29th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.02. The electronics maker earned $2.82 billion during the quarter, compared to the consensus estimate of $2.72 billion. Corning had a net margin of 8.35% and a return on equity of 14.29%. The company's revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. View Corning's earnings history.

Corning announced a quarterly dividend on Wednesday, February 5th. Investors of record on Friday, February 28th will be paid a dividend of $0.22 per share on Tuesday, March 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, February 27th. This is a boost from Corning's previous quarterly dividend of $0.20. View Corning's dividend history.

11 equities research analysts have issued twelve-month price targets for Corning's stock. Their forecasts range from $24.00 to $42.00. On average, they expect Corning's stock price to reach $30.70 in the next year. This suggests a possible upside of 51.8% from the stock's current price. View analysts' price targets for Corning.

News articles about GLW stock have trended very negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Corning earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutCorning.

Corning saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 25,395,700 shares, an increase of 7.2% from the February 27th total of 23,690,000 shares. Based on an average trading volume of 6,270,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.3% of the shares of the company are sold short. View Corning's Current Options Chain.

Some companies that are related to Corning include Amphenol (APH), Dolby Laboratories (DLB), AVX (AVX), Littelfuse (LFUS), Vishay Intertechnology (VSH) and Rogers (ROG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), AT&T (T), General Electric (GE), Cisco Systems (CSCO), NVIDIA (NVDA), Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), Bank of America (BAC) and Ford Motor (F).

Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

Corning's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cacti Asset Management LLC (0.21%), State of Alaska Department of Revenue (0.04%), Chemung Canal Trust Co. (0.02%), Neville Rodie & Shaw Inc. (0.01%), Park National Corp OH (0.01%) and Corrado Advisors LLC (0.01%). 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, Martin J Curran, R Tony Tripeny and Wendell P Weeks. View institutional ownership trends for Corning.

GLW stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Chemung Canal Trust Co., Enterprise Trust & Investment Co, Corrado Advisors LLC, Park National Corp OH, and Neville Rodie & Shaw Inc.. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, Deborah Rieman, Hansel E Tookes II, Lewis A Steverson, and Martin J Curran. View insider buying and selling activity for Corning.

GLW stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity for Corning.

Shares of GLW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GLW stock can currently be purchased for approximately $20.22.

Corning has a market capitalization of $15.42 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. Corning employs 49,500 workers across the globe. View additional information about Corning.

The official website for Corning is http://www.corning.com/.

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]