Summary

38.48 0.20(0.51%)06/27/2024
Corning, Inc. (GLW)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
0.51-3.916.8218.4725.7514.2332.544,645.56


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Trading Data
Close38.48
Open38.28
High38.61
Low37.87
Volume5,884,679
Change0.20
Change %0.51
Avg Volume (20 Days)7,347,650
Volume/Avg Volume (20 Days) Ratio0.80
52 Week Range25.26 - 40.46
Price vs 52 Week High-4.91%
Price vs 52 Week Low52.32%
Range-2.93
Gap Up/Down-0.55
Fundamentals
Market Capitalization (Mln)32,791
EBIDTA2,649,999,872
PE Ratio47.4583
PEG Ratio1.1218
WallStreet Target Price35.64
Book Value13.7070
Earnings Per Share0.7200
EPS Estimate Current Quarter0.3500
EPS Estimate Next Quarter0.4400
EPS Estimate Current Year1.8800
EPS Estimate Next Year2.1800
Diluted EPS (TTM)0.7200
Revenues
Profit Marging0.0496
Operating Marging (TTM)0.0864
Return on asset (TTM)0.0285
Return on equity (TTM)0.0574
Revenue TTM12,385,000,448
Revenue per share TTM14.5710
Quarterly Revenue Growth (YOY)-0.0640
Quarterly Earnings Growth (YOY)0.2000
Gross Profit (TTM)4,843,000,000
Dividends
Dividend Share1.1200
Dividend Yield0.0328
Valuations
Trailing PE47.4583
Forward PE16.6389
Price Sales (TTM)0.0000
Price Book (MRQ)2.3318
Revenue Enterprise Value 2.6724
EBITDA Enterprise Value13.3811
Shares
Shares Outstanding856,619,008
Shares Float772,756,200
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.01
Insider (%)9.66
Institutions (%)70.61


06/22 06:18 EST - investorplace.com
Stop Sleeping on These 3 Tech Stocks With Insane AI Potential
Last Thursday, AI stocks were rocked. Market leader Nvidia (NASDAQ: NVDA ) shed more than 3.5% of its value in a day.
06/18 14:01 EST - youtube.com
Calls of the Day: Corning, Accenture and Carmax
The Investment Committee discuss the latest Calls of the Day.
06/18 06:20 EST - investorplace.com
AAPL Picking: 3 Stocks to Buy Because of Their Apple Partnerships
Apple (NASDAQ: AAPL ) has been one of the most remarkable investment success stories in the tech world over the past couple of decades. Yet, despite its behemoth status, Apple's success is heavily reliant on a network of partners and suppliers.
06/13 14:19 EST - benzinga.com
Josh Brown: This 'Low-Key, Misunderstood' Stock Is Just 'Waiting To Be Discovered' As An AI Play
Ritholtz Wealth Management's Josh Brown identified an under-the-radar stock that he believes will play an essential role in the AI, data center buildout story.
06/13 12:07 EST - investorplace.com
5 Stocks to Buy and Hold Forever
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.
06/05 06:36 EST - investorplace.com
3 Overlooked Stocks to Play an AI Phone Supercycle
As generative artificial intelligence (AI) works its way into our laptops, tablets, smartphones, watches and even lapel pins, we may very well have the “killer” new feature to convince consumers to upgrade their hardware. Whether new, capable “IntelliPhones” spark a red-hot supercycle (or a lukewarm refresh cycle) remains a big question on the minds of investors, specifically those hanging onto shares of Apple (NASDAQ: AAPL ).
06/03 07:30 EST - seekingalpha.com
Corning: The Rally Is Just Getting Started
Corning has been undervalued due to temporary headwinds and is climbing out of its trough. GLW is seeing increasing profitability and management is guiding for revenue growth over both the near and medium term. Growth catalysts include increased spending by telcos, EPA-driven demand for environmental technologies, and AI datacenter demand.
05/30 13:42 EST - youtube.com
Final Trades: Corning, Apple, JPMorgan and the Russel 2000
The Investment Committee give you their top stocks to watch for the second half.
05/30 12:37 EST - zacks.com
Corning (GLW) Up 6.2% Since Last Earnings Report: Can It Continue?
Corning (GLW) reported earnings 30 days ago. What's next for the stock?
05/23 08:25 EST - benzinga.com
Jim Cramer Offers His Take On Corning, Calls This Healthcare Stock A 'Terrific Spec' - Corning (NYSE:GLW)
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Recursion Pharmaceuticals, Inc. RXRX is a “terrific spec” and he recommended buying the same.
05/21 12:36 EST - youtube.com
Trade Tracker: Josh Brown buys Corning and SharkNinja
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to detail his latest buys.
05/21 08:15 EST - businesswire.com
Corning to Participate in J.P. Morgan 52nd Global Technology, Media and Communications Conference
CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated (NYSE: GLW) today announced that Wendell P. Weeks, chairman and chief executive officer, will participate in a fireside chat at the J.P. Morgan 52nd Global Technology, Media and Communications Conference in Boston today. During the discussion, Weeks will review Corning's value-creation approach, which is centered on the company's focused and cohesive portfolio of capabilities. He will also outline Corning's framework to add more than $3 billi.
05/20 07:24 EST - https://www.defenseworld.net
Avantax Advisory Services Inc. Acquires 11,449 Shares of Corning Incorporated (NYSE:GLW)
Avantax Advisory Services Inc. grew its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 63.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,442 shares of the electronics maker’s stock after acquiring an additional 11,449 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Corning were worth $897,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company. Natixis Advisors L.P. raised its position in shares of Corning by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 101,322 shares of the electronics maker’s stock valued at $3,087,000 after buying an additional 5,616 shares in the last quarter. KMG Fiduciary Partners LLC bought a new stake in Corning during the fourth quarter worth $1,199,000. Socha Financial Group LLC boosted its holdings in shares of Corning by 8.8% in the 4th quarter. Socha Financial Group LLC now owns 343,624 shares of the electronics maker’s stock valued at $10,463,000 after purchasing an additional 27,772 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Corning by 24.2% in the 4th quarter. HB Wealth Management LLC now owns 9,871 shares of the electronics maker’s stock valued at $301,000 after purchasing an additional 1,926 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Corning by 59.8% during the 4th quarter. SG Americas Securities LLC now owns 108,358 shares of the electronics maker’s stock worth $3,300,000 after buying an additional 40,564 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds. Insider Activity at Corning In other Corning news, VP Martin J. Curran sold 16,416 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $33.70, for a total value of $553,219.20. Following the completion of the sale, the vice president now directly owns 65,598 shares in the company, valued at $2,210,652.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Martin J. Curran sold 16,416 shares of Corning stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.70, for a total transaction of $553,219.20. Following the completion of the transaction, the vice president now directly owns 65,598 shares in the company, valued at $2,210,652.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis A. Steverson sold 29,978 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $33.05, for a total transaction of $990,772.90. Following the completion of the sale, the executive vice president now owns 31,294 shares in the company, valued at approximately $1,034,266.70. The disclosure for this sale can be found here. Insiders have sold 239,841 shares of company stock worth $7,971,257 in the last quarter. Company insiders own 0.45% of the company’s stock. Corning Price Performance Shares of NYSE GLW opened at $35.35 on Monday. The company has a market capitalization of $30.28 billion, a PE ratio of 49.79, a P/E/G ratio of 1.70 and a beta of 1.07. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.61. Corning Incorporated has a twelve month low of $25.26 and a twelve month high of $36.01. The firm has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $31.18. Corning (NYSE:GLW – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Corning had a return on equity of 12.31% and a net margin of 4.96%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Corning Incorporated will post 1.9 EPS for the current year. Corning Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.17%. Corning’s dividend payout ratio is currently 157.75%. Wall Street Analyst Weigh In A number of research analysts have issued reports on GLW shares. UBS Group lifted their target price on Corning from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Susquehanna restated a “positive” rating and set a $40.00 price objective on shares of Corning in a research report on Monday, April 1st. Barclays upped their price objective on Corning from $28.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Morgan Stanley reiterated an “overweight” rating and set a $35.00 target price on shares of Corning in a research report on Monday, April 22nd. Finally, Mizuho initiated coverage on shares of Corning in a report on Tuesday, May 7th. They set a “neutral” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Corning has a consensus rating of “Hold” and an average target price of $35.00. Check Out Our Latest Stock Analysis on Corning About Corning (Free Report) Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. See Also Five stocks we like better than Corning Why Special Dividends Can be a Delightful Surprise for Income Investors Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Why is the Ex-Dividend Date Significant to Investors? 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Warren Buffett’s Mystery Stock Was Just Revealed Want to see what other hedge funds are holding GLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corning Incorporated (NYSE:GLW – Free Report).
05/06 09:00 EST - forbes.com
What's Next For Corning Stock After An Upbeat Q1?
Corning Corning (NYSE: GLW) recently reported its Q1 results, with revenues and earnings exceeding our estimates. The company reported core revenue of 3.3 billion, down 3% y-o-y but above our $3.1 billion estimate.
05/02 10:22 EST - businesswire.com
Corning Announces Quarterly Dividend
CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,.
05/01 10:56 EST - zacks.com
Why Corning (GLW) is a Top Momentum Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
04/30 13:22 EST - seekingalpha.com
Corning Incorporated (GLW) Q1 2024 Earnings Call Transcript
Corning Incorporated (NYSE:GLW ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Ann Nicholson - VP of IR Wendell Weeks - Chairman & CEO Ed Schlesinger - EVP & CFO Conference Call Participants Wamsi Mohan - Bank of America Meta Marshall - Morgan Stanley Martin Yang - Oppenheimer Samik Chatterjee - JPMorgan Tim Long - Barclays Asiya Merchant - Citi Joshua Spector - UBS Steven Fox - Fox Advisors George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter One 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.
04/30 12:01 EST - zacks.com
Corning (GLW) Beats Q1 Earnings and Revenue Estimates
Despite signs of recovery in several end markets, lower demand stemming from inventory corrections in the Optical Communications and Life Sciences vertical impedes Corning's (GLW) top line.
04/30 10:35 EST - zacks.com
Corning (GLW) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
04/30 10:24 EST - barrons.com
Corning Shares Jump On Solid Earnings and Upbeat Outlook
The company sees better days ahead for some of its important end markets like optical fiber.