Corning Incorporated (GLW)
- Previous Close
30.91 - Open
30.91 - Bid --
- Ask --
- Day's Range
30.91 - 31.20 - 52 Week Range
25.26 - 36.02 - Volume
540,096 - Avg. Volume
4,788,196 - Market Cap (intraday)
26.674B - Beta (5Y Monthly) 1.09
- PE Ratio (TTM)
45.86 - EPS (TTM)
0.68 - Earnings Date Apr 30, 2024
- Forward Dividend & Yield 1.12 (3.62%)
- Ex-Dividend Date Feb 28, 2024
- 1y Target Est
34.80
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. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. 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.
www.corning.com49,800
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: GLW
Performance Overview: GLW
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: GLW
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Statistics: GLW
Valuation Measures
Market Cap
26.44B
Enterprise Value
33.14B
Trailing P/E
45.46
Forward P/E
16.34
PEG Ratio (5yr expected)
1.10
Price/Sales (ttm)
2.11
Price/Book (mrq)
2.29
Enterprise Value/Revenue
2.63
Enterprise Value/EBITDA
13.18
Financial Highlights
Profitability and Income Statement
Profit Margin
4.62%
Return on Assets (ttm)
2.85%
Return on Equity (ttm)
5.37%
Revenue (ttm)
12.59B
Net Income Avi to Common (ttm)
581M
Diluted EPS (ttm)
0.68
Balance Sheet and Cash Flow
Total Cash (mrq)
1.78B
Total Debt/Equity (mrq)
71.49%
Levered Free Cash Flow (ttm)
214.88M
Research Analysis: GLW
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: GLW
The Argus High-Yield Model Portfolio
Value stocks -- a market segment that includes high-yield stocks -- outperformed growth stocks in 2022. That's a recent rarity, as for the past decade-plus, the performance record has favored growth. But the tide turned in 2022. The rollout of COVID-19 vaccines gave a lift to some of the cyclical companies (energy and regional banks) that had lagged in recent quarters, and value stocks outpaced growth stocks that year. While growth stocks have retaken the lead since 2023, the Federal Reserve continues to keep interest rates high to fend off inflation. This could possibly cap multiple expansion for growth companies in coming quarters. In any event, the value sector is the place to achieve income.
Analyst Report: Corning, Inc.
Corning Inc. is the leading global supplier of precision glass for liquid crystal displays, and a leader in the manufacture and sale of optical fiber and cable. It participates in the environmental business, with a focus on emission substrates for gasoline and diesel engines, and is also active in the life sciences business. Specialty Materials operations produce Gorilla Glass, the fast-growing, tough-cover glass used in smartphones and tablets.
RatingBullishPrice TargetMarket Digest: GLW, OSK, SAP, UPS, URI, MSCI, AGNC
The 'Energizer Bunny' stock market seems to have a lot of juice left, as the major indices powered to new all-time highs on Monday, January 29, while smaller-cap stocks also joined in. The S&P 500 (SPX) and the S&P 100 rose 0.8%, the Nasdaq and Nasdaq 100 rallied a bit more than 1%, the S&P 400 tacked on 0.9%, and the Russell 2000 led the day, popping 1.7%. Ten of the 11 SPX sectors rose, with Consumer Discretionary, Technology, Communication Services, Real Estate, Healthcare, Industrials, Utilities, and Staples all rising 0.6% to 1.5%.
Analyst Report: Corning Incorporated
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
RatingNeutralPrice Target