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Corning (DE:GLW)
XETRA:GLW
Holding DE:GLW?
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GLW Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€23.95 - €43.14
Previous Close€42.81
Volume0.00
Average Volume (3M)363.00
Market Cap
€36.74B
Enterprise Value€43.71B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.28B
Price to Earnings (P/E)―
Beta0.72
Next Earnings
Oct 29, 2024EPS Estimate
€0.48Next Dividend Ex-Date
Nov 15, 2024Dividend Yield2.43%
Share Statistics
EPS (TTM)N/A
Shares Outstanding855,700,821
10 Day Avg. Volume266
30 Day Avg. Volume363
Standard Deviation0.07
R-Squared0.29
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)3.45
Price to Sales (P/S)3.21
Price to Cash Flow (P/CF)19.10
P/FCF Ratio30.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.53
Enterprise Value/Gross Profit11.12
Enterprise Value/Ebitda17.05
Forecast
1Y Price Target
€44.53Price Target Upside4.27% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Corning News
Bulls Say, Bears Say
Bulls Say
Optical Connectivity GrowthCorning is experiencing significant growth in its optical connectivity business, particularly driven by AI datacenters, which supports revenue upside.
Solar Growth PotentialSolar could become the second-largest contributor to growth, with Corning's Hemlock Semiconductor already holding a leading position in solar polysilicon and making protective glass for solar panels.
Springboard Plan And Margin TargetsCorning's Springboard plan targets incremental annualized revenues of up to $5 billion, with a 20% operating margin, enhancing EPS growth and shareholder returns.
Bears Say
Business SegmentsDriving a lower margin mix for the company, with Optical margins on the lower-end of the margins across Corning’s business while Display comprises the highest margin business.
Financial PerformanceThere is a weaker performance in Corning's environmental segment, specifically in auto sales, which partially offsets its growth in the optical connectivity business.
Market DemandGlobal major TV Makers anticipate a seasonal increase in demand from mid-3Q24 to early 4Q24; however, their shipment forecasts have been revised downwards, driving TV Makers to reduce their panel purchasing volumes for 3Q24 and be conservative when refilling panels in 4Q24.
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Options Prices
Currently, No data available
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Ownership Overview
0.32% Insiders
24.11% Mutual Funds
1.36% Other Institutional Investors
52.76% Public Companies and
Individual Investors
GLW FAQ
What was Corning’s price range in the past 12 months?
Corning lowest stock price was €23.95 and its highest was €43.14 in the past 12 months.
What is Corning’s market cap?
Currently, no data Available
When is Corning’s upcoming earnings report date?
Corning’s upcoming earnings report date is Oct 29, 2024 which is in 10 days.
How were Corning’s earnings last quarter?
Corning released its earnings results on Jul 30, 2024. The company reported €0.429 earnings per share for the quarter, beating the consensus estimate of €0.423 by €0.006.
Is Corning overvalued?
According to Wall Street analysts Corning’s price is currently Undervalued.
Does Corning pay dividends?
Corning pays a Quarterly dividend of €0.26 which represents an annual dividend yield of 2.43%. See more information on Corning dividends here
What is Corning’s EPS estimate?
Corning’s EPS estimate is €0.48.
How many shares outstanding does Corning have?
Corning has 855,700,800 shares outstanding.
What happened to Corning’s price movement after its last earnings report?
Corning reported an EPS of €0.429 in its last earnings report, beating expectations of €0.423. Following the earnings report the stock price went down -8.355%.
Which hedge fund is a major shareholder of Corning?
Among the largest hedge funds holding Corning’s share is PRIMECAP Management Co. It holds Corning’s shares valued at 333M.
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Corning Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
€44.53 (4.27% Upside)
€44.53 (4.27% Upside)
Blogger Sentiment
Bullish
DE:GLW Sentiment 92%
Sector Average 71%
Sector Average 71%
Insider Transactions
Sold Shares
Worth $4.9M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
70.51%
12-Months-Change
Fundamentals
Return on Equity
3.97%
Trailing 12-Months
Asset Growth
-5.12%
Trailing 12-Months
Company Description
Corning
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
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GLW Company Deck
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GLW Earnings Call
Q2 2024
0:00 / 0:00
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GLW Revenue Breakdown
31.87% Telecommunication products
21.40% Display products
14.73% Specialty glass products
13.19% Environmental substrate and filter products
18.81% Other
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GLW Stock 12 Month Forecast
Average Price Target
€44.53
▲(4.27% Upside)
Technical Analysis
Best Analysts Covering GLW
1 Year
1 Year Success Rate
17/22 ratings generated profit
1 Year Average Return
+22.84%
reiterated a buy rating 11 days ago
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