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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:GLW

Corning Stock Forecast, Price & News

$37.60
-0.34 (-0.90 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$37.27
Now: $37.60
$37.84
50-Day Range
$34.92
MA: $36.82
$38.53
52-Week Range
$17.44
Now: $37.60
$38.84
Volume4.31 million shs
Average Volume4.33 million shs
Market Capitalization$28.73 billion
P/E Ratio188.00
Dividend Yield2.34%
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 offers glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including 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 operator-grade distributed antenna systems; optical network evolution wireless platform; 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 company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. It also offers pharmaceutical glass tubing and packages. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings; and collaboration with Pixelligent. 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.
Corning logo

MarketRank

Overall MarketRank

2.17 out of 5 stars

Computer And Technology Sector

33rd out of 1,509 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 6 stocks

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
CUSIP21935010
Phone607-974-9000
Employees49,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.50 billion
Cash Flow$4.05 per share
Book Value$13.91 per share

Profitability

Net Income$960 million

Miscellaneous

Market Cap$28.73 billion
Next Earnings Date1/27/2021 (Confirmed)
OptionableOptionable
$37.60
-0.34 (-0.90 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Corning (NYSE:GLW) Frequently Asked Questions

How has Corning's stock price been impacted by COVID-19 (Coronavirus)?

Corning's stock was trading at $23.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GLW shares have increased by 62.4% and is now trading at $37.60.
View which stocks have been most impacted by COVID-19
.

Is Corning a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Corning stock.
View analyst ratings for Corning
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Corning?

Wall Street analysts have given Corning a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Corning wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Corning
.

How can I listen to Corning's earnings call?

Corning will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its quarterly earnings results on Tuesday, October, 27th. The electronics maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. The electronics maker earned $3.01 billion during the quarter, compared to analyst estimates of $2.93 billion. Corning had a net margin of 2.71% and a trailing twelve-month return on equity of 11.50%. Corning's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 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 8th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.22 per share on Friday, December 18th. This represents a $0.88 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, November 12th.
View Corning's dividend history
.

Is Corning a good dividend stock?

Corning pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.32%. The dividend payout ratio of Corning is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Corning will have a dividend payout ratio of 48.09% 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 2020 After-Hours earnings guidance on Monday, November, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.151-3.241 billion, compared to the consensus revenue estimate of $3.15 billion.

What price target have analysts set for GLW?

10 analysts have issued 12-month price targets for Corning's shares. Their forecasts range from $26.00 to $44.00. On average, they expect Corning's stock price to reach $36.88 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
View analysts' price targets for Corning
or view Wall Street analyst' top-rated stocks.

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), The Walt Disney (DIS) and Johnson & Johnson (JNJ).

Who are Corning's key executives?

Corning's management team includes the following people:
  • Mr. Wendell P. Weeks, Chairman & CEO (Age 60, Pay $6.06M)
  • Mr. R. Tony Tripeny, Exec. VP & CFO (Age 61, Pay $1.8M)
  • Dr. David L. Morse, Exec. VP & CTO (Age 68, Pay $1.89M)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 61, Pay $1.99M)
  • Mr. James P. Clappin, Vice Chairman (Age 63, Pay $1.96M)
  • Mr. Eric S. Musser, Pres & COO (Age 60)
  • Ms. Anne Elizabeth Mullins, Sr. VP and Chief Digital & Information Officer (Age 57)
  • Mr. Lewis A. Steverson, Exec. VP and Chief Legal & Admin. Officer (Age 56)
  • Ms. Ann H. S. Nicholson, VP of Investor Relations
  • Kevin G. Corliss, VP of Global Employee Relations & Chief Compliance Officer

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 a variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.24%), RNC Capital Management LLC (0.14%), Gateway Investment Advisers LLC (0.06%), State of Alaska Department of Revenue (0.06%), Verity & Verity LLC (0.04%) and Investment House LLC (0.04%). 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, Li Fang, Martin J Curran 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 Hendley & Co. Inc., Candriam Luxembourg S.C.A., Beech Hill Advisors Inc., OLD National Bancorp IN, State of Alaska Department of Revenue, BLB&B Advisors LLC, Wealth Advisors of Tampa Bay LLC, and Thompson Investment Management Inc.. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, Edward A Schlesinger, Eric S Musser, Lawrence D Mcrae, Li Fang, Martin J Curran, 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 bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Nwam LLC, TrimTabs Asset Management LLC, OneAscent Financial Services LLC, Crescent Capital Consulting LLC, IFM Investors Pty Ltd, Kestra Advisory Services LLC, and Private Trust Co. NA.
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.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $37.60.

How big of a company is Corning?

Corning has a market capitalization of $28.73 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.

What is Corning's official website?

The official website for Corning is 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]

This page was last updated on 1/25/2021 by MarketBeat.com Staff

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