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NYSE:GLW - Corning Stock Price, Forecast & News

$23.86
-0.17 (-0.71 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$22.80
Now: $23.86
$24.10
50-Day Range
$23.86
MA: $28.32
$30.40
52-Week Range
$22.80
Now: $23.86
$35.34
Volume13.67 million shs
Average Volume6.25 million shs
Market Capitalization$18.22 billion
P/E Ratio23.17
Dividend Yield3.33%
Beta1.2
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$11.50 billion
Cash Flow$3.79 per share
Book Value$14.01 per share

Profitability

Net Income$960 million

Miscellaneous

Employees49,500
Market Cap$18.22 billion
Next Earnings Date5/5/2020 (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, February 5th. Shareholders of record on Friday, February 28th will be given a dividend of $0.22 per share on Tuesday, March 31st. This represents a $0.88 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, February 27th. This is an increase from Corning's previous quarterly dividend of $0.20. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its quarterly earnings results on Wednesday, January, 29th. The electronics maker reported $0.46 EPS for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.02. The electronics maker earned $2.82 billion during the quarter, compared to analysts' expectations of $2.72 billion. Corning had a return on equity of 14.29% and a net margin of 8.35%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 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, May 5th 2020. View Earnings Estimates for Corning.

What price target have analysts set for GLW?

11 brokers have issued 12 month price targets for Corning's shares. Their forecasts range from $25.00 to $42.00. On average, they anticipate Corning's stock price to reach $32.30 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price. View Analyst Price Targets for Corning.

What is the consensus analysts' recommendation for Corning?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corning.

Has Corning been receiving favorable news coverage?

Media stories about GLW stock have been trending positive recently, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corning earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave media stories about the electronics maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Corning.

Are investors shorting Corning?

Corning saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 28,270,000 shares, an increase of 6.6% from the January 15th total of 26,510,000 shares. Based on an average daily volume of 5,000,000 shares, the short-interest ratio is presently 5.7 days. Approximately 3.7% of the company's shares are short sold. 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), AT&T (T), General Electric (GE), Cisco Systems (CSCO), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Walt Disney (DIS), Ford Motor (F) and Bank of America (bac).

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 institutional and retail investors. Top institutional investors include Wealth Quarterback LLC (28.52%), State Street Corp (4.85%), Hotchkis & Wiley Capital Management LLC (2.59%), Geode Capital Management LLC (1.52%), Janus Henderson Group PLC (1.39%) and Bank of New York Mellon Corp (1.38%). 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, Lawrence D Mcrae, Lewis A Steverson, 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 LSV Asset Management, Schafer Cullen Capital Management Inc, Bank of New York Mellon Corp, DekaBank Deutsche Girozentrale, KBC Group NV, Franklin Resources Inc., State Street Corp and Cullen Capital Management LLC. 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, Lewis A Steverson and Martin J Curran. 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 Wealth Quarterback LLC, Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, Alliancebernstein L.P., Stifel Financial Corp, Massachusetts Financial Services Co. MA, Janus Henderson Group PLC and FIL Ltd. 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, Robinhood, Fidelity and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $23.86.

How big of a company is Corning?

Corning has a market capitalization of $18.22 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.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 https://investor.corning.com.


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  840 (Vote Outperform)
Underperform Votes:  832 (Vote Underperform)
Total Votes:  1,672
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 2/28/2020 by MarketBeat.com Staff

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