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Corning (GLW)
NYSE:GLW
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GLW Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$27.57 - $51.03
Previous Close$46.49
Volume3.66M
Average Volume (3M)4.44M
Market Cap
$39.81B
Enterprise Value$47.58B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.41B
Price to Earnings (P/E)260.0
Beta1.05
Next Earnings
Feb 04, 2025EPS Estimate
$0.56Last Dividend Ex-Date
Nov 15, 2024Dividend Yield2.41%
Share Statistics
EPS (TTM)0.18
Shares Outstanding856,208,758
10 Day Avg. Volume4,143,970
30 Day Avg. Volume4,438,086
Standard Deviation0.08
R-Squared0.44
Alpha0.00130
Financial Highlights & Ratios
Price to Book (P/B)3.58
Price to Sales (P/S)3.19
Price to Cash Flow (P/CF)14.40
P/FCF Ratio17.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.77
Enterprise Value/Gross Profit12.10
Enterprise Value/Ebitda21.08
Forecast
1Y Price Target
$53.57Price Target Upside15.23% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Corning News
Bulls Say, Bears Say
Bulls Say
Enterprise Customer SalesEnterprise customer sales increased 23%, with data centers switching to optical from copper wire.
Optical Connectivity GrowthCorning is experiencing significant growth in its optical connectivity business, particularly driven by AI datacenters, which supports revenue upside.
Positive Financial OutlookRobust revenue growth is driving an above consensus earnings forecast for 2025 and 2026, helped by limited incremental operating expenses and capital investments.
Bears Say
EarningsEnvironmental segment's net income declined 24% year-over-year due to a 15% drop in volume.
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.
ValuationFundamental FCF support remains stretched and the multiple is giving credit for linearity / predictability that doesn't exist in the business.
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Ownership Overview
0.30% Insiders
24.81% Mutual Funds
12.60% Other Institutional Investors
41.12% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GLW FAQ
What was Corning’s price range in the past 12 months?
Corning lowest stock price was $27.57 and its highest was $51.03 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 Feb 04, 2025 which is in 78 days.
How were Corning’s earnings last quarter?
Corning released its earnings results on Oct 29, 2024. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.526 by $0.014.
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 2.41%. See more information on Corning dividends here
What is Corning’s EPS estimate?
Corning’s EPS estimate is $0.56.
How many shares outstanding does Corning have?
Corning has 856,208,740 shares outstanding.
What happened to Corning’s price movement after its last earnings report?
Corning reported an EPS of $0.54 in its last earnings report, beating expectations of $0.526. Following the earnings report the stock price went up 4.682%.
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:
$53.57 (15.23% Upside)
$53.57 (15.23% Upside)
Blogger Sentiment
Bullish
GLW Sentiment 92%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 599.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $13.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 2.2%
Last 30 Days ▲ 2.2%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
66.92%
12-Months-Change
Fundamentals
Return on Equity
1.38%
Trailing 12-Months
Asset Growth
0.16%
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
Q3 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
$53.57
▲(15.23% Upside)
Technical Analysis
Best Analysts Covering GLW
1 Year
1 Year Success Rate
18/22 ratings generated profit
1 Year Average Return
+24.35%
reiterated a buy rating 19 days ago
Copying Asiya Merchant's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +24.35% per trade.
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