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NYSE:GLW

Corning Stock Forecast, Price & News

$37.30
-0.20 (-0.53 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$37.09
Now: $37.30
$37.52
50-Day Range
$31.73
MA: $34.87
$37.50
52-Week Range
$17.44
Now: $37.30
$37.58
Volume1.83 million shs
Average Volume5.62 million shs
Market Capitalization$28.50 billion
P/E Ratio186.50
Dividend Yield2.35%
Beta1.13
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 organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. 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. It also offers pharmaceutical glass tubing and packages. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings; and collaboration with Pixelligent. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
CUSIP21935010
Phone607-974-9000
Employees49,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.50 billion
Cash Flow$4.45 per share
Book Value$13.82 per share

Profitability

Net Income$960 million

Miscellaneous

Market Cap$28.50 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$37.30
-0.20 (-0.53 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Corning (NYSE:GLW) Frequently Asked Questions

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 (WHO). Since then, GLW stock has increased by 61.1% and is now trading at $37.30.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Corning?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Corning
.

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 winning trading ideas this year 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.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Corning
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) issued its quarterly earnings data on Tuesday, October, 27th. The electronics maker reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. The electronics maker earned $3.01 billion during the quarter, compared to the consensus estimate of $2.93 billion. Corning had a return on equity of 11.50% and a net margin of 2.71%. Corning's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS.
View Corning's earnings history
.

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

Corning declared a quarterly dividend on Thursday, October 8th. Stockholders of record on Friday, November 13th will be given a dividend of $0.22 per share on Friday, December 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 12th.
View Corning's dividend history
.

What price target have analysts set for GLW?

9 Wall Street analysts have issued 1-year price targets for Corning's stock. Their forecasts range from $26.00 to $39.00. On average, they anticipate Corning's share price to reach $32.86 in the next year. This suggests that the stock has a possible downside of 11.9%.
View analysts' price targets for Corning
.

Are investors shorting Corning?

Corning saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 10,720,000 shares, a decline of 27.2% from the October 15th total of 14,730,000 shares. Based on an average trading volume of 4,440,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.4% of the shares of the stock are sold short.
View Corning's Short Interest
.

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).

Who are Corning's key executives?

Corning's management team includes the following people:
  • Mr. Wendell P. Weeks, Chairman & CEO (Age 60, Pay $6.06M)
  • Mr. R. Tony Tripeny, Exec. VP & CFO (Age 61, Pay $1.8M)
  • Dr. David L. Morse, Exec. VP & CTO (Age 68, Pay $1.89M)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 61, Pay $1.99M)
  • Mr. James P. Clappin, Vice Chairman (Age 63, Pay $1.96M)
  • Mr. Eric S. Musser, Pres & COO (Age 60)
  • Ms. Anne Elizabeth Mullins, Sr. VP and Chief Digital & Information Officer (Age 57)
  • Mr. Lewis A. Steverson, Exec. VP and Chief Legal & Admin. Officer (Age 56)
  • Ms. Ann H. S. Nicholson, VP of Investor Relations
  • Kevin G. Corliss, VP of Global Employee Relations & Chief Compliance Officer

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 investors include BlackRock Inc. (6.75%), State Street Corp (4.94%), Morgan Stanley (1.03%), Truist Financial Corp (0.53%), Charles Schwab Investment Management Inc. (0.50%) and Swiss National Bank (0.39%). 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, Li Fang, Martin J Curran 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 First Trust Advisors LP, LSV Asset Management, Raymond James & Associates, Truist Financial Corp, TCW Group Inc., Schafer Cullen Capital Management Inc, Victory Capital Management Inc., and Foundation Resource Management Inc.. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, Edward A Schlesinger, Eric S Musser, Lawrence D Mcrae, Li Fang, Martin J Curran, and Wendell P Weeks.
View insider buying and selling activity for Corning
.

Which major investors are buying Corning stock?

GLW stock was bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., JPMorgan Chase & Co., KBC Group NV, Neuberger Berman Group LLC, Trexquant Investment LP, Connor Clark & Lunn Investment Management Ltd., Andra AP fonden, and Engineers Gate Manager LP.
View insider buying and selling activity for Corning
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $37.30.

How big of a company is Corning?

Corning has a market capitalization of $28.50 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.

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 or via email at [email protected]

This page was last updated on 11/26/2020 by MarketBeat.com Staff

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