Corning Incorporated (GLW)

NYSE
Currency in USD
52.89
+0.35(+0.67%)
Closed
After Hours
53.00+0.11(+0.21%)
GLW Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
52.4353.06
52 wk Range
30.7255.33
Key Statistics
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Prev. Close
52.54
Open
52.98
Day's Range
52.43-53.06
52 wk Range
30.72-55.33
Volume
3.41M
Average Volume (3m)
4.86M
1-Year Change
65.75%
Book Value / Share
12.48
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
54.78
Upside
+3.57%
Members' Sentiments
Bearish
Bullish
ProTips
7 analysts have revised their earnings upwards for the upcoming period
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Corning Incorporated Company Profile

Corning Incorporated engages in the optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company’s 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. Its 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. 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.

Employees
56300

Corning Incorporated SWOT Analysis


Optical Momentum
Corning's Optical Communications segment outperforms expectations, driven by AI demand and increased carrier activity, projecting 13% CAGR through 2027
Display Dynamics
Explore Corning's Display Technologies segment, facing challenges but poised for growth with double-digit price increases anticipated in the latter half of the yea
Strategic Execution
Delve into Corning's successful "Springboard" strategy, enhancing operational efficiency and positioning the company to capitalize on emerging opportunities in AI and advanced displays
Future Prospects
Analysts project solid earnings growth with a 14% CAGR between 2024-2027. Average price target stands at $48.50, ranging from $40 to $55
Read full SWOT analysis

Corning Incorporated Earnings Call Summary for Q3/2024

  • Q3 sales up 8% to $3.73B, EPS grew 20% to $0.54; Optical Communications segment led with 55% Enterprise sales increase
  • Springboard plan targets $3B+ annual sales growth by 2026; Q4 outlook: 15% sales growth to $3.75B, 40% EPS increase to $0.53-$0.57
  • Environmental Tech sales down 11% due to Class 8 truck market downturn; Display segment expects sequential volume decline
  • Optical Communications net income up 92% to $175M; Display Tech net income rose 10% to $285M; Specialty Materials sales grew 9%
  • Lumen deal not impacting Q3/Q4 results; new hedge rates to be shared next year; cautious optimism on optical segment recovery
Last Updated: 2024/10/30, 21:34
Read Full Transcript

Compare GLW to Peers and Sector

Metrics to compare
GLW
Peers
Sector
Relationship
P/E Ratio
89.5x18.2x11.6x
PEG Ratio
−6.05−0.090.01
Price/Book
4.2x1.3x2.4x
Price / LTM Sales
3.5x1.7x2.2x
Upside (Analyst Target)
8.5%−3.1%21.0%
Fair Value Upside
Unlock5.5%3.9%Unlock

Analyst Ratings

9 Buy
5 Hold
1 Sell
Ratings:
15 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 54.78
(+3.57% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.593
Dividend Yield
2.13%
Industry Median 1.06%
Annualised payout
1.12
Paid quarterly
5-Years Growth
+6.96%
Growth Streak

Earnings

Latest Release
Jan 29, 2025
EPS / Forecast
0.57 / 0.56
Revenue / Forecast
3.50B / 3.75B
EPS Revisions
Last 90 days

FAQ

What Is the Corning (GLW) Stock Price Today?

The Corning stock price today is 52.89

What Stock Exchange Does Corning Trade On?

Corning is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Corning?

The stock symbol for Corning is "GLW."

Does Corning Pay Dividends? What’s The Current Dividend Yield?

The Corning dividend yield is 2.13%.

What Is the Corning Market Cap?

As of today, Corning market cap is 45.14B.

What is Corning Earnings Per Share?

The Corning EPS is 0.593.

What Is the Next Corning Earnings Date?

Corning will release its next earnings report on 05 May 2025.

From a Technical Analysis Perspective, Is GLW a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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