S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
The Next Big Crisis Is Here (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
The Next Big Crisis Is Here (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
The Next Big Crisis Is Here (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
The Next Big Crisis Is Here (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
NYSE:GLW

Corning - GLW Stock Forecast, Price & News

$36.80
+0.37 (+1.02%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$36.30
$37.04
50-Day Range
$31.42
$36.54
52-Week Range
$28.98
$43.47
Volume
4.59 million shs
Average Volume
3.91 million shs
Market Capitalization
$31.13 billion
P/E Ratio
17.20
Dividend Yield
2.96%
Price Target
$39.00

Corning MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
6.0% 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
0.26mentions of Corning in the last 14 days
Based on 4 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.

2.22 out of 5 stars

Computer And Technology Sector

225th out of 634 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

Receive GLW Stock News and Ratings via Email

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

GLW Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Analysts Set Corning Incorporated (NYSE:GLW) PT at $39.09
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
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
Receive GLW Stock News and Ratings via Email

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

GLW Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 12/16 Dividend
11/17/2022
Dividend Payable
12/16/2022
Today
1/28/2023
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
+6.0%
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
$14.08 billion
Cash Flow
$3.90 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
842,766,000
Market Cap
$31.13 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 brokers have issued 1 year price objectives for Corning's stock. Their GLW share price forecasts range from $35.00 to $50.00. On average, they predict the company's stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 6.0% 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 shares have increased by 15.2% and is now trading at $36.80.
View the best growth stocks for 2023 here
.

Are investors shorting Corning?

Corning saw a increase in short interest in the month of 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 short-interest ratio is currently 2.3 days. Currently, 1.3% of the shares of the 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) released its quarterly earnings data on Tuesday, October, 26th. The electronics maker reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.02. The electronics maker earned $3.64 billion during the quarter, compared to analyst estimates of $3.63 billion. Corning had a trailing twelve-month return on equity of 15.25% and a net margin of 12.72%. The company's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS.
Read the conference call transcript
.

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

Corning announced a quarterly dividend on Wednesday, October 5th. Stockholders 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 dividend yield of 2.93%. 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 2.96%. 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 guidance has Corning issued on next quarter's earnings?

Corning updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $0.41-$0.47 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $3.45 billion-$3.65 billion, compared to the consensus revenue estimate of $3.75 billion.

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 institutional and retail investors. Top institutional investors include 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%), Shufro Rose & Co. LLC (0.12%) and New York State Teachers Retirement System (0.10%). 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 $36.80.

How much money does Corning make?

Corning (NYSE:GLW) has a market capitalization of $31.13 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, 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..
Read More
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 1/28/2023 by MarketBeat.com Staff