S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NYSE:GLW

Corning Stock Forecast, Price & News

$37.96
-1.08 (-2.77%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$37.68
$38.57
50-Day Range
$35.39
$39.43
52-Week Range
$34.81
$46.82
Volume
2.40 million shs
Average Volume
4.42 million shs
Market Capitalization
$32.40 billion
P/E Ratio
39.54
Dividend Yield
2.46%
Beta
1.11
30 days | 90 days | 365 days | Advanced Chart
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Corning logo

About Corning

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 diode 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 produ

Headlines

Uptrend On: 3 Large Caps With Bullish Chart Patterns
November 18, 2021 |  marketbeat.com
Why Is Corning (GLW) Up 10.3% Since Last Earnings Report?
November 25, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Nonferrous wiredrawing & insulating
Sub-Industry
Electronic Components
CUSIP
21935010
Employees
50,110
Year Founded
1851

Sales & Book Value

Annual Sales
$11.30 billion
Cash Flow
$3.51 per share
Book Value
$14.48 per share

Profitability

Net Income
$512 million
Pretax Margin
15.64%

Debt

Price-To-Earnings

Miscellaneous

Free Float
849,312,000
Market Cap
$32.40 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/26/2021
Ex-Dividend
11/10/2021
Today
11/27/2021
Dividend Payable
12/17/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/26/2022

Social Links


MarketRank

Overall MarketRank

3.04 out of 5 stars

Computer And Technology Sector

21st out of 891 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 4 stocks

Analyst Opinion: 3.3Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -












Corning (NYSE:GLW) Frequently Asked Questions

Is Corning a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Corning stock.
View analyst ratings for Corning
or view top-rated stocks.

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 64.0% and is now trading at $37.96.
View which stocks have been most impacted by COVID-19
.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Wednesday, January 26th 2022.
View our earnings forecast for Corning
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its quarterly earnings data on Tuesday, October, 26th. The electronics maker reported $0.56 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.02. The electronics maker had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.63 billion. Corning had a net margin of 12.15% and a trailing twelve-month return on equity of 22.27%. The business's revenue was up 21.0% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS.
View Corning's earnings history
.

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

Corning announced a quarterly dividend on Thursday, October 7th. Shareholders of record on Friday, November 12th will be given a dividend of $0.24 per share on Friday, December 17th. This represents a $0.96 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, November 10th.
View Corning's dividend history
.

Is Corning a good dividend stock?

Corning pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.46%. Corning has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Corning is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Corning will have a dividend payout ratio of 41.38% next year. This indicates that Corning will be able to sustain or increase its dividend.
View Corning's dividend history.

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

Corning updated its fourth quarter 2021 earnings guidance on Tuesday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.500-$0.550 for the period, compared to the Thomson Reuters consensus estimate of $0.580. The company issued revenue guidance of $3.50 billion-$3.70 billion, compared to the consensus revenue estimate of $3.64 billion.

What price target have analysts set for GLW?

11 brokers have issued 12 month target prices for Corning's shares. Their forecasts range from $38.00 to $55.00. On average, they anticipate Corning's stock price to reach $44.45 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
View analysts' price targets for Corning
or view top-rated stocks among Wall Street analysts.

Who are Corning's key executives?

Corning's management team includes the following people:
  • Wendell P. Weeks, Chairman & Chief Executive Officer
  • Eric S. Musser, President & Chief Operating Officer
  • R. Tony Tripeny, Chief Financial Officer & Executive Vice President
  • David L. Morse, Chief Technology Officer & Executive VP
  • Anne Mullins, Chief Information Officer & Senior Vice President

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning CEO Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among Corning's employees.

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), 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.29%), Wellington Management Group LLP (4.50%), State Farm Mutual Automobile Insurance Co. (1.70%), Geode Capital Management LLC (1.57%), Primecap Management Co. CA (1.24%) and Janus Henderson Group PLC (1.17%). Company insiders that own Corning stock include Clark S Kinlin, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, John P Bayne Jr, John Z Zhang, 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 for Corning
.

Which major investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Arrowstreet Capital Limited Partnership, State Farm Mutual Automobile Insurance Co., BlackRock Inc., Man Group plc, Assenagon Asset Management S.A., GWM Advisors LLC, and Goldman Sachs Group Inc.. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, Display Co Ltd Samsung, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lewis A Steverson, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Stefan Becker, Thomas Peterffy, and Wendell P Weeks.
View insider buying and selling activity for Corning
or view top insider-selling stocks.

Which major investors are buying Corning stock?

GLW stock was acquired by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Renaissance Technologies LLC, Massachusetts Financial Services Co. MA, AGF Investments Inc., Morgan Stanley, American Century Companies Inc., Nordea Investment Management AB, and Capital Fund Management S.A..
View insider buying and selling activity for Corning
or or view top insider-buying stocks.

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 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 $37.96.

How much money does Corning make?

Corning has a market capitalization of $32.40 billion and generates $11.30 billion in revenue each year. The electronics maker earns $512 million in net income (profit) each year or $0.96 on an earnings per share basis.

How many employees does Corning have?

Corning employs 50,110 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..

When was Corning founded?

Corning was founded in 1851.

What is Corning's official website?

The official website for Corning is www.corning.com.

Where are Corning's headquarters?

Corning is headquartered at ONE RIVERFRONT PLAZA, CORNING NY, 14831.

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, via email at [email protected], or via fax at 607-974-2063.


This page was last updated on 11/27/2021 by MarketBeat.com Staff

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