Corning Incorporated (GLW)
| Market Cap | 40.42B |
| Revenue (ttm) | 12.61B |
| Net Income (ttm) | 156.00M |
| Shares Out | 856.21M |
| EPS (ttm) | 0.18 |
| PE Ratio | 257.03 |
| Forward PE | 21.13 |
| Dividend | $1.12 (2.38%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 482,905 |
| Open | 47.16 |
| Previous Close | 47.78 |
| Day's Range | 46.58 - 47.23 |
| 52-Week Range | 29.71 - 51.03 |
| Beta | 1.03 |
| Analysts | Buy |
| Price Target | 51.92 (+9.98%) |
| Earnings Date | Jan 28, 2025 |
About GLW
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 e... [Read more]
Financial Performance
In 2023, Corning's revenue was $12.59 billion, a decrease of -11.28% compared to the previous year's $14.19 billion. Earnings were $581.00 million, a decrease of -55.85%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for GLW stock is "Buy." The 12-month stock price forecast is $51.92, which is an increase of 9.98% from the latest price.
News
Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'
As the tech sector pivots from AI-fueled growth to a broader market recovery, JPMorgan analyst Samik Chatterjee highlights a cyclical rebound powering upside for traditional IT infrastructure and indu...
Corning offers bundle of commitments in bid to settle EU antitrust probe
After the European Union opened a competition investigation into Corning earlier this month, citing concerns over alleged exclusive dealing, the Gorilla Glass maker has offered a raft of changes to it...
Apple supplier Corning offers to waive exclusive deals in EU antitrust probe
The European Commission on Monday said U.S. maker of break resisting glass Corning had offered to waive all exclusive deals with mobile phone manufactures to address concerns over possible anticompeti...
Corning, maker of toughened Gorilla Glass for phones, faces EU antitrust probe
On Wednesday, the European Union opened an investigation of U.S. manufacturer Corning over possible anti-competitive practices. Corning may not be a name that's super familiar to the average tech cons...
Corning's Comeback: From Forgotten Stock To AI Darling
Corning Incorporated's price has rallied over the past year, since my last bullish take on the stock. GLW recently reported robust Q3 results, and is seeing strong momentum around AI and data center-f...
Corning Q3: The Period Of Growth Is Finally Here
Corning reported strong Q3 results, beating on top and bottom lines. 8% revenue growth, 20% income expansion in Q3 and a projected sales growth of 15% and income increase of 40% in Q4 mean Corning ent...
Corning Q3 2024 Earnings Review: EPS And Revenue Beat, Guidance Increased
Corning's strong Q3 performance and bullish outlook suggest GLW stock may trade higher, attracting long-term investors. Corning's Optical Communications unit benefits from new optical-connectivity pro...
Corning Incorporated (GLW) Q3 2024 Earnings Call Transcript
Corning Incorporated (NYSE:GLW) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and Chief...
Corning forecasts upbeat quarterly results on robust demand for optical fiber
Gorilla Glass maker Corning fourth-quarter profit forecast beat estimates on Tuesday, as rising consumption of data over networks, including for generative AI model training, continues to increase dem...
Corning Reports Strong Third-Quarter 2024 Financial Results(1) Highlighting Key Milestones in ‘Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Achieve Operating Margin of 20%, by the End of 2026
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its third-quarter 2024 results and provided its outlook for fourth-quarter 2024. Wendell P. Weeks, chairman and chief e...
AT&T announces $1 bln fiber deal with Corning
AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services.
AT&T and Corning Expand Collaboration with Multi-Year Purchase Agreement
DALLAS & CORNING, N.Y.--(BUSINESS WIRE)--AT&T (NYSE: T) today announced a multi-year purchase agreement with Corning Incorporated (NYSE: GLW) to provide next-generation fiber, cable, and connectivity ...
Corning (GLW) Breaks Out on Partnership News
Oct 9th, 2024 - Corning Inc (GLW, Financial) stock technically made a classic breakout from the Cup with Handle pattern and invited traders to make some buzz with the stock today. The news powering th...
Preliminary Earnings Spotlight: Watching 3 Cyclicals Ahead Of The Q3 Reporting Season
Preliminary earnings reports are typically released ahead of formal quarterly financials and allow companies to provide updated guidance. Dow, Nucor, and Corning, each exposed to the macroeconomy, iss...
Corning Announces Quarterly Dividend
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on December 13, 2024, to shar...
Corning Unveils EXTREME ULE® Glass to Enable Next Generation of Microchips
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW), one of the world's leading innovators in glass, ceramic, and materials science, today unveiled Corning® EXTREME ULE® Glass, a next-gen...
Momentum Is Driving Corning Stock Higher
Corning's EPS is expected to meet or exceed quarters going back to 2022. The stock has Momentum driven by strong results and positive guidance. Corning stock rates a speculative Buy, but the risks mig...
Corning's stock rises as it sticks to Q3 profit view
Maker of optical fiber and displays continues to expect Q3 profit of 50 cents to 54 cents a share.
Corning Provides Update on Key Milestones in ‘Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Shares Operating-Margin Target of 20% by End of 2026
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide sig...
Generative AI And Springboard Plan Drive Higher Corning Earnings
Corning Incorporated is poised for mid-teens earnings growth due to its Springboard plan and generative AI optical connectivity products, making it a Buy. Corning has diverse revenue streams, ranging ...
Corning Energy Corporation Announces Retirement of CEO Michael German
CORNING, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Corning Energy Corporation (formerly Corning Natural Gas Holding Corporation) announced today that Michael German, the company's CEO, will retire effe...
Corning Incorporated (GLW) Presents at Citi's 2024 Global TMT Conference Transcript
Corning Incorporated (NYSE:GLW) Citi's 2024 Global TMT Conference September 5, 2024 9:10 AM ET Company Participants Ed Schlesinger - EVP & CFO Conference Call Participants Asiya Merchant - Citi Asiya...
Corning Stock Rises After Mizuho Upgrade Highlighting Growth Driven by Data Centers
Corning's (GLW) stock price rose Wednesday after an upgrade from Mizuho analysts, who said the recent pullback following last month's earnings report has created an "attractive entry point."
Corning's Pullback Provides an ‘Attractive Entry Point'
Mizuho analyst John Roberts upgraded shares to Outperform from Neutral.
Corning: Rock-Solid Fundamentals Already Priced In
Corning stock returned 35% to investors since January, outperforming the market. GLW's latest earnings report was robust, but the valuation appears overpriced. Corning's exposure to 5G, data centers, ...