Corning Incorporated (GLW)

NYSE: GLW · Real-Time Price · USD
48.87
-1.29 (-2.56%)
Mar 3, 2025, 2:15 PM EST - Market open
-2.56%
Market Cap 41.86B
Revenue (ttm) 13.12B
Net Income (ttm) 506.00M
Shares Out 856.56M
EPS (ttm) 0.58
PE Ratio 84.25
Forward PE 20.81
Dividend $1.12 (2.29%)
Ex-Dividend Date Feb 28, 2025
Volume 1,990,443
Open 50.47
Previous Close 50.15
Day's Range 48.74 - 50.60
52-Week Range 30.72 - 55.33
Beta 1.02
Analysts Buy
Price Target 53.00 (+8.45%)
Earnings Date Jan 29, 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]

Sector Technology
Founded 1851
Employees 56,300
Stock Exchange NYSE
Ticker Symbol GLW
Full Company Profile

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 Statements

Analyst Forecast

According to 13 analysts, the average rating for GLW stock is "Buy." The 12-month stock price forecast is $53.0, which is an increase of 8.45% from the latest price.

Price Target
$53.0
(8.45% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

11 days ago - Business Wire

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...

19 days ago - Business Wire

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...

24 days ago - Seeking Alpha

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.

4 weeks ago - Benzinga

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...

4 weeks ago - Seeking Alpha

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 ...

4 weeks ago - Reuters

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...

4 weeks ago - Business Wire

DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants

IT hardware stocks have dropped following the DeepSeek news.

Other symbols: AAPLHPESTXWDC
4 weeks ago - Benzinga

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...

5 weeks ago - Business Wire

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...

Other symbols: DELL
2 months ago - Benzinga

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...

3 months ago - TechCrunch

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...

Other symbols: AAPL
3 months ago - Reuters

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...

4 months ago - TechCrunch

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...

4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - Reuters

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...

4 months ago - Business Wire

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.

Other symbols: T
4 months ago - Reuters

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 ...

Other symbols: T
4 months ago - Business Wire

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...

5 months ago - GuruFocus

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...

Other symbols: DOWNUE
5 months ago - Seeking Alpha

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...

5 months ago - Business Wire

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...

5 months ago - Seeking Alpha