Corning (GLW)

NYSE
Currency in USD
50.01
+0.77(+1.56%)
Real-time Data
GLW Scorecard
Full Analysis
Net income is expected to grow this year
Earnings results expected in 12 days
Fair Value
Day's Range
49.5250.08
52 wk Range
29.8251.03
Key Statistics
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Prev. Close
49.24
Open
49.78
Day's Range
49.52-50.08
52 wk Range
29.82-51.03
Volume
1.25M
Average Volume (3m)
4.28M
1-Year Change
64.96%
Book Value / Share
12.98
Fair Value
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Fair Value Upside
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GLW Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
52.99
Upside
+5.97%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high earnings multiple
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Corning Company Profile

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.

Employees
49800

Corning Incorporated SWOT Analysis


Optical Surge
Corning's optical segment outperforms expectations, driven by AI-related demand and setting the stage for continued growth in coming quarters.
Display Dynamics
Explore Corning's strategic pricing actions in display technologies, with double-digit increases anticipated amid market challenges and competition.
Financial Trajectory
Analysts project a 14% CAGR in EPS between 2024-2027, with estimates for FY 2024 at $1.96. Average price target ranges from $36 to $53.
Innovation Edge
Delve into Corning's R&D focus and Springboard strategy, positioning the company at the forefront of materials science in rapidly evolving tech markets.
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: 30/10/2024, 19:32
Read Full Transcript

Compare GLW to Peers and Sector

Metrics to compare
GLW
Peers
Sector
Relationship
P/E Ratio
274.5x13.2x11.5x
PEG Ratio
−3.70−0.670.01
Price/Book
3.9x1.5x2.4x
Price / LTM Sales
3.4x1.7x2.1x
Upside (Analyst Target)
9.6%−7.2%25.8%
Fair Value Upside
Unlock6.8%4.6%Unlock

Analyst Ratings

8 Buy
6 Hold
1 Sell
Ratings:
15 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 52.99

(+5.97% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.183
Dividend Yield
2.29%
Industry Median 1.07%
Annualised payout
1.1200
Paid quarterly
5-Years Growth
+7.50%
Growth Streak

Earnings

Latest Release
Oct 29, 2024
EPS / Forecast
0.54 / 0.53
Revenue / Forecast
3.73B / 3.72B
EPS Revisions
Last 90 days

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FAQ

What Is the Corning (GLW) Stock Price Today?

The Corning stock price today is 50.01

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 2.27%.

What Is the Corning Market Cap?

As of today, Corning market cap is 42.73B.

What is Corning Earnings Per Share?

The Corning EPS is 0.183.

What Is the Next Corning Earnings Date?

Corning will release its next earnings report on 29 Jan 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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