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NYSE:GLW

Corning Stock Forecast, Price & News

$31.42
-1.02 (-3.14 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$30.95
Now: $31.42
$31.86
50-Day Range
$30.90
MA: $32.28
$33.70
52-Week Range
$17.44
Now: $31.42
$33.86
Volume5.80 million shs
Average Volume6.06 million shs
Market Capitalization$23.94 billion
P/E Ratio314.23
Dividend Yield2.71%
Beta1.14
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment manufactures 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 manufactures 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 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 manufactures 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 develops, manufactures, and supplies laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. This segment sells its products 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.02 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.50 billion
Cash Flow$3.85 per share
Book Value$13.91 per share

Profitability

Net Income$960 million

Miscellaneous

Employees49,500
Market Cap$23.94 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$31.42
-1.02 (-3.14 %)
(As of 09/21/2020 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. Since then, GLW shares have increased by 35.7% and is now trading at $31.42.
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 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Corning
.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Corning
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) announced its earnings results on Tuesday, July, 28th. The electronics maker reported $0.25 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.13. The electronics maker had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.41 billion. Corning had a return on equity of 11.59% and a net margin of 1.89%. Corning's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share.
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, July 16th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.22 per share on Wednesday, September 30th. This represents a $0.88 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, August 27th.
View Corning's dividend history
.

What price target have analysts set for GLW?

9 analysts have issued 12-month 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 $32.25 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price.
View analysts' price targets for Corning
.

Are investors shorting Corning?

Corning saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 18,210,000 shares, a decline of 13.1% from the August 15th total of 20,950,000 shares. Based on an average daily volume of 5,560,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.4% 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), AT&T (T), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Verizon Communications (VZ).

Who are Corning's key executives?

Corning's management team includes the following people:
  • Mr. Wendell P. Weeks, Chairman, CEO & Pres (Age 59)
  • Mr. R. Tony Tripeny, Exec. VP & CFO (Age 60)
  • Dr. David L. Morse, Exec. VP & CTO (Age 67)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 60)
  • Mr. James P. Clappin, Exec. VP of Corning Glass Technologies (Age 62)

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.93%), Bank of New York Mellon Corp (1.32%), FMR LLC (0.77%), Bank of America Corp DE (0.76%), Sumitomo Mitsui Trust Holdings Inc. (0.63%) and FIL Ltd (0.58%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Eric S Musser, Hansel E Tookes II, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran 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 LSV Asset Management, TCW Group Inc., Goldman Sachs Group Inc., Cacti Asset Management LLC, Bank of America Corp DE, Stifel Financial Corp, Quaker Capital Investments LLC, and Bank of Montreal Can. 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, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran, and Wendell P Weeks.
View insider buying and selling activity for Corning
.

Which institutional investors are buying Corning stock?

GLW stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FMR LLC, Sumitomo Mitsui Trust Holdings Inc., Neuberger Berman Group LLC, State of Wisconsin Investment Board, Skandinaviska Enskilda Banken AB publ, Nordea Investment Management AB, and RNC Capital Management LLC.
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 $31.42.

How big of a company is Corning?

Corning has a market capitalization of $23.94 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 9/22/2020 by MarketBeat.com Staff

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