NYSE:GLW - Corning Stock Price, News & Analysis

$27.45
-0.73 (-2.59 %)
(As of 08/25/2019 10:53 AM ET)
Today's Range
$27.29
Now: $27.45
$28.2650
50-Day Range
$27.17
MA: $30.89
$34.19
52-Week Range
$26.98
Now: $27.45
$36.56
Volume4.64 million shs
Average Volume6.85 million shs
Market Capitalization$21.43 billion
P/E Ratio15.42
Dividend Yield2.84%
Beta1.16
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.29 billion
Cash Flow$3.6118 per share
Book Value$14.37 per share

Profitability

Net Income$1.07 billion

Miscellaneous

Employees51,500
Market Cap$21.43 billion
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable

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Corning (NYSE:GLW) Frequently Asked Questions

What is Corning's stock symbol?

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

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

Corning declared a quarterly dividend on Wednesday, July 17th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.20 per share on Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, August 29th. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its quarterly earnings data on Tuesday, July, 30th. The electronics maker reported $0.45 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.01. The electronics maker had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.97 billion. Corning had a net margin of 12.78% and a return on equity of 15.60%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. View Corning's Earnings History.

When is Corning's next earnings date?

Corning is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for Corning.

What price target have analysts set for GLW?

9 analysts have issued 1 year price targets for Corning's shares. Their forecasts range from $30.00 to $42.00. On average, they anticipate Corning's stock price to reach $35.2567 in the next year. This suggests a possible upside of 28.4% from the stock's current price. View Analyst Price Targets for Corning.

What is the consensus analysts' recommendation for Corning?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corning.

Has Corning been receiving favorable news coverage?

News coverage about GLW stock has trended positive on Sunday, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Corning earned a daily sentiment score of 2.5 on InfoTrie's scale. They also gave headlines about the electronics maker a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near future. View News Stories for Corning.

Are investors shorting Corning?

Corning saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 20,879,200 shares, an increase of 28.9% from the June 30th total of 16,193,700 shares. Based on an average daily volume of 5,260,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 2.7% of the shares of the company are sold short. View Corning's Current Options Chain.

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), General Electric (GE), Cisco Systems (CSCO), AT&T (T), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), Walt Disney (DIS), Ford Motor (F) and Johnson & Johnson (JNJ).

Who are Corning's key executives?

Corning's management team includes the folowing 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)

Who are Corning's major shareholders?

Corning's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.04%), BlackRock Inc. (6.79%), BlackRock Inc. (6.79%), Price T Rowe Associates Inc. MD (3.12%), Primecap Management Co. CA (1.98%) and Bank of New York Mellon Corp (1.68%). 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, John A Canning Jr, Lawrence D Mcrae, Lewis A Steverson, Mark S Rogus, R Tony Tripeny 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 Price T Rowe Associates Inc. MD, Eaton Vance Management, Bank of New York Mellon Corp, LSV Asset Management, BlackRock Inc., BlackRock Inc., WINTON GROUP Ltd and Mackenzie Financial Corp. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Eric S Musser, Lawrence D Mcrae, Lewis A Steverson and Wendell P Weeks. View Insider Buying and Selling for Corning.

Which major investors are buying Corning stock?

GLW stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Morgan Stanley, Janus Henderson Group PLC, Janus Henderson Group PLC, Cannell Peter B & Co. Inc., Invesco Ltd., Schafer Cullen Capital Management Inc and Nomura Holdings Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $27.45.

How big of a company is Corning?

Corning has a market capitalization of $21.43 billion and generates $11.29 billion in revenue each year. The electronics maker earns $1.07 billion in net income (profit) each year or $1.78 on an earnings per share basis. Corning employs 51,500 workers across the globe.View Additional Information About Corning.

What is Corning's official website?

The official website for Corning is http://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]


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  794 (Vote Outperform)
Underperform Votes:  781 (Vote Underperform)
Total Votes:  1,575
MarketBeat's community ratings are surveys of what our community members think about Corning and other stocks. Vote "Outperform" if you believe GLW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/25/2019 by MarketBeat.com Staff

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