Corning Incorporated (GLW)
| Market Cap | 35.77B |
| Revenue (ttm) | 13.12B |
| Net Income (ttm) | 506.00M |
| Shares Out | 856.78M |
| EPS (ttm) | 0.58 |
| PE Ratio | 71.98 |
| Forward PE | 17.78 |
| Dividend | $1.12 (2.68%) |
| Ex-Dividend Date | Feb 28, 2025 |
| Volume | 4,803,918 |
| Open | 41.29 |
| Previous Close | 40.70 |
| Day's Range | 41.23 - 42.09 |
| 52-Week Range | 31.20 - 55.33 |
| Beta | 1.02 |
| Analysts | Buy |
| Price Target | 52.92 (+26.75%) |
| Earnings Date | May 2, 2025 |
About GLW
Corning Incorporated engages in the optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company’s 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 individua... [Read more]
Financial Performance
In 2024, Corning's revenue was $13.12 billion, an increase of 4.21% compared to the previous year's $12.59 billion. Earnings were $506.00 million, a decrease of -12.91%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for GLW stock is "Buy." The 12-month stock price forecast is $52.92, which is an increase of 26.75% from the latest price.
News
Corning: A Materials Giant Playing The Long Game
Corning's diversified business model spans optical communications, display technologies, specialty materials, environmental technologies, and life sciences, driving balanced growth and strong financia...
Airspan Completes Acquisition of Corning's Wireless Business
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced the successful completion of its acquisitio...
Corning Launches GlassWorks AI™ Solutions, a One-Stop Shop for AI Data Center Infrastructure Needs
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE:GLW) today launched Corning GlassWorks AI™ solutions, a “one-stop shop” of customized data center products and services to help operators bui...
Corning Launches Corning® Gorilla® Glass Ceramic, Expanding Renowned Portfolio of Tough Cover Materials
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced the introduction of Corning® Gorilla® Glass Ceramic, an innovative, transparent, and strengthenable glass ceramic mater...
Corning Incorporated (GLW) Investor Event Conference Call (Transcript)
Corning Incorporated (NYSE:GLW) Investor Event Conference Call March 18, 2025 8:45 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Execu...
Corning Bumps Up Long-Term Targets
The maker of specialty glass for TV screens and smartphones gave its long-term financial targets a boost as it makes progress on its so-called “Springboard” plan to add billions of dollars in sales in...
Corning Upgrades High-Confidence Springboard Plan to Now Add More Than $4 Billion in Annualized Sales, and to Achieve Operating Margin of 20%, by End of 2026 (1)
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced an upgrade to its Springboard plan, along with details on the key milestones achieved across the company, at an investo...
Corning CEO on growth plan: Everything we see continues to point to strong demand over near-term
Corning chairman and CEO Wendell Weeks joins 'Squawk Box' to discuss updates to the company's 'Springboard' plan, new Q1 guidance, impact of generative AI and infrastructure buildout, the company's so...
Corning: Buy The Dip
Corning's drop in price presents a great buying opportunity for value and growth investors. Its strong growth in optical communications, driven by AI and data center demand, supports its robust fundam...
Tech company Corning, US solar manufacturers partner on American-made panel
Technology company Corning has struck a deal with U.S. solar manufacturers Suniva and Heliene to produce what will be the only solar panel composed of all American-made components, the companies said ...
Corning, Suniva and Heliene Announce First ‘Made in America' Solar Module Supply Chain
CORNING, N.Y. & NORCROSS, Ga. & MOUNTAIN IRON, Minn.--(BUSINESS WIRE)--Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells, and Heliene Inc., a lead...
Airspan Announces Agreement to Acquire Corning's Wireless Business
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agree...
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 March 28, 2025, to shareho...
Corning Q4: Accelerating Growth Supports Buy Rating
Corning's Q4 2024 results exceeded expectations in revenue and EPS, with optimistic guidance for Q1 2025, reinforcing my long-term Buy rating. The company has entered a period of accelerated revenue g...
Nasdaq Down Over 100 Points; Corning Posts Upbeat Earnings
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
Corning Incorporated (GLW) Q4 2024 Earnings Call Transcript
Corning Incorporated (NYSE:GLW) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief E...
Corning forecasts Q1 results above estimates on robust demand for AI-related infrastructure
Corning on Wednesday forecasted first-quarter revenue and profit that beat Wall Street expectations, with the Gorilla Glass-maker expecting robust demand for its optical fiber products for artificial ...
Corning Reports Strong Fourth-Quarter and Full-Year 2024 Financial Results,(1) Marking Successful First Year of ‘Springboard' Plan
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its fourth-quarter and full-year 2024 results and provided its outlook for first-quarter 2025. Wendell P. Weeks, chairm...
DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants
IT hardware stocks have dropped following the DeepSeek news.
Samsung Galaxy S25 Ultra Introduces Corning® Gorilla® Armor 2, the Industry's First Anti-Reflective Glass Ceramic for Mobile Devices
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry's firs...
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...