NYSE:GLW - Corning Stock Price, News, & Analysis

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$31.43 -0.54 (-1.69 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$31.43
Today's Range$31.34 - $32.02
52-Week Range$26.11 - $36.56
Volume3.20 million shs
Average Volume4.73 million shs
Market Capitalization$25.59 billion
P/E Ratio18.27
Dividend Yield2.25%
Beta1.29
Corning, Inc. develops and manufactures specialty glass and ceramics. The company provides glass for notebook computers, flat panel desktop monitors, LCD televisions, and other information display applications; optical fiber and cable and hardware and equipment 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 through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for active matrix liquid crystal displays which are used primarily in notebook computers, flat panel desktop monitors, and LCD televisions. The Optical Communications segment manufactures optical fiber and cable, and hardware and equipment to being a comprehensive provider of industry-leading optical solutions across the broader communications industry pioneer optical fiber, cable and connectivity solutions. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. Corning was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
SectorComputer and Technology
Current SymbolNYSE:GLW
Previous Symbol
CUSIP21935010
Phone607-974-9000

Debt

Debt-to-Equity Ratio0.43
Current Ratio2.13
Quick Ratio1.51

Price-To-Earnings

Trailing P/E Ratio18.27
Forward P/E Ratio17.76
P/E Growth2.06

Sales & Book Value

Annual Sales$10.12 billion
Price / Sales2.49
Cash Flow$3.2980 per share
Price / Cash Flow9.53
Book Value$15.50 per share
Price / Book2.03

Profitability

EPS (Most Recent Fiscal Year)$1.72
Net Income$-497,000,000.00
Net Margins-5.86%
Return on Equity13.22%
Return on Assets6.06%

Miscellaneous

Employees46,200
Outstanding Shares800,400,000
Market Cap$25.59 billion
OptionableOptionable

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, October 3rd. Stockholders of record on Friday, November 16th will be paid a dividend of $0.18 per share on Friday, December 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, November 15th. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) issued its quarterly earnings results on Tuesday, October, 23rd. The electronics maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.03. The electronics maker had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. Corning had a positive return on equity of 13.22% and a negative net margin of 5.86%. The business's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. View Corning's Earnings History.

When is Corning's next earnings date?

Corning is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for Corning.

What guidance has Corning issued on next quarter's earnings?

Corning updated its FY 2018 earnings guidance on Tuesday, October, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $11.3 billion, compared to the consensus revenue estimate of $11.28 billion.

What price target have analysts set for GLW?

9 brokers have issued 12 month target prices for Corning's stock. Their forecasts range from $29.00 to $42.00. On average, they expect Corning's share price to reach $36.1250 in the next twelve months. This suggests a possible upside of 14.9% 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 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corning.

What are Wall Street analysts saying about Corning stock?

Here are some recent quotes from research analysts about Corning stock:
  • 1. According to Zacks Investment Research, "Strong demand for Gorilla Glass 5 and other fiber optic products remain key catalyst as Corning continues to innovate in the glass substrate industry. Corning’s capability positions it to better serve the increase in demand for LCD panels. The company further aims to move forward in the value chain beyond glass and tap the immense potential of the automotive market, while product portfolio strength and moderating price decline bodes well for future growth. Corning is making encouraging progress on focused portfolio objectives, remaining well poised to achieve its Strategy and Capital Allocation Framework goals. Management’s aim to return value to shareholders through regular share repurchases and dividends is encouraging. The stock has outperformed the industry in the past six months on an average. However, the ongoing trade war between the United States and China remain a strong impediment to the company’s top-line growth." (12/13/2018)
  • 2. Guggenheim analysts commented, "We continue to see GLW as one of the only companies in our universe with Y/Y comps dramatically better in 2H18E than 1H18. We estimate revs +14%Y/Y and EPS +26%Y/Y in 2H18E vs. +7%Y/Y and -8%Y/Y in 1H18, which is a trend we see continuing in 1H19E as well. And we see Q3’s report in line with our expectation for that re-acceleration to be driven by specific new capacity ramps across 1) 10.5G Display glass for BOE, 2) Optical fiber and 3) Auto filters." (10/23/2018)

Has Corning been receiving favorable news coverage?

News articles about GLW stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Corning earned a news sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the electronics maker a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Corning's key competitors?

Who are Corning's key executives?

Corning's management team includes the folowing people:
  • Wendell P. Weeks, Chairman, President & Chief Executive Officer
  • R. Tony Tripeny, Chief Financial Officer & Senior Vice President
  • David L. Morse, Chief Technology Officer & Executive VP
  • James R. Steiner, Senior Vice President & GM-Specialty Materials
  • Martin J. Curran, Senior Vice President & Innovation Officer

Who are Corning's major shareholders?

Corning's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.73%), Vanguard Group Inc (7.73%), BlackRock Inc. (6.55%), Primecap Management Co. CA (2.01%), Bank of New York Mellon Corp (1.65%) and Lyrical Asset Management LP (1.53%). 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, James P Clappin, John A Canning Jr, Lawrence D Mcrae, Lewis A Steverson, Lisa Ferrero, Mark S Rogus, Martin J Curran, 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 Levin Capital Strategies L.P., BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, Russell Investments Group Ltd., Neuberger Berman Group LLC, TCW Group Inc., LSV Asset Management and Vanguard Group Inc.. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Lawrence D Mcrae, Lewis A Steverson, R Tony Tripeny and Wendell P Weeks. View Insider Buying and Selling for Corning.

Which major investors are buying Corning stock?

GLW stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, TIAA CREF Investment Management LLC, Teachers Advisors LLC, Korea Investment CORP, Bank of New York Mellon Corp, Teachers Retirement System of The State of Kentucky, Morgan Stanley and Todd Asset Management LLC. 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 $31.43.

How big of a company is Corning?

Corning has a market capitalization of $25.59 billion and generates $10.12 billion in revenue each year. The electronics maker earns $-497,000,000.00 in net income (profit) each year or $1.72 on an earnings per share basis. Corning employs 46,200 workers across the globe.

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 investor.corning.com.


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  750 (Vote Outperform)
Underperform Votes:  730 (Vote Underperform)
Total Votes:  1,480
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 12/15/2018 by MarketBeat.com Staff

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