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Corning (GB:0R2X)
LSE:0R2X
Holding GB:0R2X?
Track your performance easily
0R2X Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.30 - $46.38
Previous Close$45.4
Volume1.33K
Average Volume (3M)28.75K
Market Cap
$38.75B
Enterprise Value$46.38B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.28B
Price to Earnings (P/E)89.6
Beta0.98
Next Earnings
Oct 22, 2024EPS Estimate
$0.53Last Dividend Ex-Date
Aug 30, 2024Dividend Yield2.51%
Share Statistics
EPS (TTM)0.51
Shares Outstanding855,700,821
10 Day Avg. Volume2,832
30 Day Avg. Volume28,755
Standard Deviation0.08
R-Squared0.24
Alpha0.00880
Financial Highlights & Ratios
Price to Book (P/B)3.61
Price to Sales (P/S)3.13
Price to Cash Flow (P/CF)18.60
P/FCF Ratio29.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.74
Enterprise Value/Gross Profit11.80
Enterprise Value/Ebitda18.09
Forecast
1Y Price Target
$46.40Price Target Upside3.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Corning News
Bulls Say, Bears Say
Bulls Say
Growth In Solar MarketSolar could become second largest contributor to growth.
New Products And InnovationCorning detailed new products to deal with smaller footprint requirements and labor constraints in data center connectivity.
Optical Communications ExpansionEnterprise optical guide is now expected to grow by more than 40% y/y in 3Q, driven by strong adoption of new connectivity products.
Bears Say
Currency RiskThere are lingering risks from continued JPY weakness, which could affect the overall fiscal year performance.
Market DemandGlobal major TV Makers have revised downwards their shipment forecasts, leading to reduced panel purchasing volumes.
Segment PerformanceCarrier remains a drag on the Optical business, negatively impacting overall performance.
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Options Prices
Currently, No data available
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Ownership Overview
10.12% Insiders
26.05% Mutual Funds
33.88% Other Institutional Investors
29.95% Public Companies and
Individual Investors
0R2X FAQ
What was Corning’s price range in the past 12 months?
Corning lowest share price was $25.30 and its highest was $46.38 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 22, 2024 which is in 26 days.
How were Corning’s earnings last quarter?
Corning released its earnings results on Jul 30, 2024. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.463 by $0.007.
Is Corning overvalued?
According to Wall Street analysts Corning’s price is currently Undervalued.
Does Corning pay dividends?
Corning pays a Quarterly dividend of $0.28 which represents an annual dividend yield of 2.51%. See more information on Corning dividends here
What is Corning’s EPS estimate?
Corning’s EPS estimate is $0.53.
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 $0.47 in its last earnings report, beating expectations of $0.463. Following the earnings report the stock price went down -8.128%.
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
Moderate Buy
Average Price Target:
$46.40 (3.73% Upside)
$46.40 (3.73% Upside)
Blogger Sentiment
Bullish
GB:0R2X 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
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
49.03%
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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0R2X Company Deck
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0R2X Earnings Call
Q2 2024
0:00 / 0:00
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0R2X 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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0R2X Stock 12 Month Forecast
Average Price Target
$46.40
▲(3.73% Upside)
Technical Analysis
Best Analysts Covering 0R2X
1 Year
1 Year Success Rate
16/21 ratings generated profit
1 Year Average Return
+21.96%
reiterated a buy rating 8 days ago
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