Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising 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 Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment manufactures and supplies scientific laboratory products consisting of consumables, such as plastic vessels, specialty surfaces, and media and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
SectorComputer and Technology
SymbolNYSE:GLW
CUSIP21935010
Phone607-974-9000
Debt
Debt-to-Equity Ratio0.39
Current Ratio2.56
Quick Ratio1.95
Price-To-Earnings
Trailing P/E Ratio16.93
Forward P/E Ratio16.93
P/E Growth3.46
Sales & Book Value
Annual Sales$10.12 billion
Price / Sales2.39
Cash Flow$3.3166 per share
Price / Cash8.78
Book Value$15.50 per share
Price / Book1.88
Profitability
EPS (Most Recent Fiscal Year)$1.72
Net Income$-497,000,000.00
Net Margins-11.44%
Return on Equity11.66%
Return on Assets5.98%
Miscellaneous
Employees46,200
Outstanding Shares830,350,000
Market Cap$24,453.78
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 announced a quarterly dividend on Friday, July 20th. Investors of record on Friday, August 31st will be paid a dividend of $0.18 per share on Friday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, August 30th. View Corning's Dividend History.
How were Corning's earnings last quarter?
Corning Incorporated (NYSE:GLW) released its quarterly earnings data on Tuesday, April, 24th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.01. The electronics maker had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Corning had a negative net margin of 11.44% and a positive return on equity of 11.66%. Corning's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. View Corning's Earnings History.
When is Corning's next earnings date?
What price target have analysts set for GLW?
11 analysts have issued 12 month price objectives for Corning's shares. Their forecasts range from $17.50 to $38.00. On average, they anticipate Corning's stock price to reach $31.5556 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Ratings 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 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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, "Corning is benefiting from strength in its Optical Communications, Environmental Technologies and Life Sciences business lines. Strong demand for Gorilla Glass 5 and its fiber optics products is a key catalyst. The company also benefits from sequential decline in LCD glass prices. Strong demand for company’s Gorilla-sized automotive glass business and additional contract wins are positives. Corning recently reached a milestone when its manufacturing facility in Kaiserslautern, Germany, produced its millionth Corning DuraTrap GC gasoline particulate filter for automotive emissions control. Further, penetration into developing regions and product portfolio expansion remain tailwinds. Aggressive share buyback favors bottom line growth. However, weakness in the Display segment remains a headwind. Shares of the company have underperformed the industry in the past year on average." (6/26/2018)
- 2. Guggenheim analysts commented, "We continue to see near-term adds setting up meaningful 2H18E leverage and reacceleration driven by capacity and margin expansion, with only minor estimate tweaks keeping our FY18E revenue and EPS estimates unchanged at $10.9B (+6%Y/Y) and $1.73 (+8%Y/Y) ahead of consensus $1.69." (4/24/2018)
Who are some of Corning's key competitors?
Some companies that are related to Corning include NTT Docomo (DCM), NTT Docomo (DCMYY), Baidu (BIDU), ASML (ASML), SOFTBANK Corp/ADR (SFTBY), Broadcom (AVGO), QUALCOMM (QCOM), Dell Technologies (DVMT), Micron Technology (MU), Vodafone Group (VOD), VMware (VMW), America Movil SAB de CV ADR Series L (AMX), Intuit (INTU), Hon Hai Precision Industry Co., Ltd. GDR - Reg S (HNHPF) and T-Mobile Us (TMUS).
Who are Corning's key executives?
Corning's management team includes the folowing people:
- Mr. Wendell P. Weeks, Chairman, CEO & Pres (Age 58)
- Mr. R. Tony Tripeny, Sr. VP & CFO (Age 59)
- Dr. David L. Morse, Exec. VP & CTO (Age 66)
- Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 59)
- Mr. James P. Clappin, Exec. VP of Corning Glass Technologies (Age 61)
Has Corning been receiving favorable news coverage?
News coverage about GLW stock has been trending somewhat negative this week, according to Accern. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Corning earned a news sentiment score of -0.17 on Accern's scale. They also gave news coverage about the electronics maker an impact score of 48.00 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Corning's major shareholders?
Corning's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.13%), Gateway Investment Advisers LLC (0.09%), Polaris Greystone Financial Group LLC (0.09%), Westpac Banking Corp (0.08%), Assenagon Asset Management S.A. (0.07%) and James Investment Research Inc. (0.06%). 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, Robert F Cummings Jr 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 Park National Corp OH, Hartford Investment Management Co., Municipal Employees Retirement System of Michigan, Tompkins Financial Corp, Retirement Systems of Alabama, Fox Run Management L.L.C., Capital One National Association and F&V Capital Management LLC. 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, Hansel E Tookes II, Lawrence D Mcrae, Mark S Rogus 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 Bank of Montreal Can, Gateway Investment Advisers LLC, Polaris Greystone Financial Group LLC, Westpac Banking Corp, Assenagon Asset Management S.A., James Investment Research Inc., Nisa Investment Advisors LLC and BLB&B Advisors 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 $29.12.
How big of a company is Corning?
Corning has a market capitalization of $24.45 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.
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)
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.
