Corning Incorporated (GLW)

NYSE: GLW · IEX Real-Time Price · USD
32.96
-0.06 (-0.18%)
At close: Mar 28, 2024, 4:00 PM
32.69
-0.27 (-0.82%)
After-hours: Mar 28, 2024, 7:07 PM EDT
-0.18%
Market Cap 28.24B
Revenue (ttm) 12.59B
Net Income (ttm) 581.00M
Shares Out 855.35M
EPS (ttm) 0.68
PE Ratio 48.54
Forward PE 17.50
Dividend $1.12 (3.40%)
Ex-Dividend Date Feb 28, 2024
Volume 3,887,906
Open 33.10
Previous Close 33.02
Day's Range 32.88 - 33.33
52-Week Range 25.26 - 36.02
Beta 1.07
Analysts Buy
Price Target 34.00 (+3.16%)
Earnings Date Apr 30, 2024

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]

Sector Technology
Founded 1851
Employees 49,800
Stock Exchange NYSE
Ticker Symbol GLW
Full Company Profile

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 Statements

Analyst Forecast

According to 8 analysts, the average rating for GLW stock is "Buy." The 12-month stock price forecast is $34.0, which is an increase of 3.16% from the latest price.

Price Target
$34.0
(3.16% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Corning Announces Quarterly Dividend

CORNING, NY, Feb. 07, 2024 (GLOBE NEWSWIRE) -- 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, 2...

7 weeks ago - GlobeNewsWire

Should You Pick Corning Stock At $32 After Q4 Beat?

Corning GLW (NYSE: GLW) recently reported its Q4 results, with revenues falling above and earnings meeting the street estimates. The company reported core revenue of 3.3 billion, down 10% y-o-y but ab...

7 weeks ago - Forbes

Bullish On GLW, MRO, RUN

Corning (GLW), Marathon Oil (MRO), and Sunrun (RUN) are today's big three stocks. Alan Knuckman and Rick Ducat discuss the technical trends, as well as how to trade these names.

Other symbols: MRORUN
2 months ago - Schwab Network

Corning Spikes on Bullish Outlook

The company expects weaker performance in the 2024 first quarter, and then improvement from there.

2 months ago - Barrons

Corning Reports Fourth-Quarter and Full-Year 2023 Financial Results

Fourth-quarter results demonstrate continued progress restoring productivity ratios to historical levels and raising price to offset inflation; Despite lower sales, fourth-quarter GAAP and core gross ...

2 months ago - GlobeNewsWire

Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity with Corning® Gorilla® Armor

Corning® Gorilla® Armor is the most scratch resistant, optically advanced Gorilla® Glass yet, enabling unprecedented durability and a maximized visual experience on Samsung's latest flagship smartphon...

2 months ago - GlobeNewsWire

13 stocks that are down for 2023 but may bounce back in 2024 or beyond

Some investors put themselves in “value” or “growth” camps, either preferring to invest in companies trading low to book value, or expected earnings or by some other measure, or preferring to focus on...

Other symbols: APDARECVXJNPRLMTMETNTR
3 months ago - Market Watch

What's Next For Corning Stock After A 13% Fall In A Month?

Corning (NYSE: GLW) recently reported its Q3 results, with revenues and earnings falling below the street estimates.

5 months ago - Forbes

Corning Stock Is Sliding. Earnings and Guidance Disappointed.

Specialty glassmaker Corning posted a softer-than-expected September quarter, and a forecast that came up short.

5 months ago - Barrons

Corning warns of hit from UAW strike as core sales forecast disappoints

Corning on Tuesday forecast fourth-quarter core sales below market expectations and flagged a likely hit from the ongoing strike against the Detroit Three automakers, sending the shares of the special...

5 months ago - Reuters

Corning Reports Third-Quarter 2023 Financial Results with Continued Improvement in Profitability and Cash Flow

Gross margin percentage expanded sequentially on consistent sales and year over year on lower sales; Operating and free cash flow both grew sequentially and year over year; Profitability and free cash...

5 months ago - GlobeNewsWire

Corning Vice Chairman Lawrence D. McRae to Retire After 38 Years with the Company

Corning, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced that its vice chairman and corporate development officer, Lawrence D. McRae, who has been with the com...

6 months ago - GlobeNewsWire

Which Is A Better Pick – Corning Stock Or West Pharmaceutical Services?

Although these companies are from different sectors, we compare them because they have a similar market capitalization of around $30 billion.

Other symbols: WST
6 months ago - Forbes

Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: JNPRNOK
6 months ago - Benzinga

Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields - Corning (NYSE:GLW), Juniper Networks (NYSE:JNPR)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: JNPRSTX
7 months ago - Benzinga

With New IPhones Around The Corner, Are Apple Supplier Stocks A Buy?

Our Theme of Apple Component Supplier Stocaks, which includes a diverse set of companies that supply components for Apple's devices, has gained about 18% year-to-date,

Other symbols: CRUSJBLQCOMQRVOSWKSTXN
8 months ago - Forbes

Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump

Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market.

8 months ago - Reuters

Corning Reports Second-Quarter 2023 Financial Results with Notable Progress on Profitability and Cash Flow

Sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; Sequential margin expansion and $310 million of free cash f...

8 months ago - GlobeNewsWire

Pricing Actions To Aid Corning's Q2?

Earnings will likely come in at about $0.48 per share, marginally beating the consensus estimate of $0.46.

9 months ago - Forbes

Corning's New Viridian™ Vials Reduce Waste and Carbon Emissions in the Pharmaceutical Supply Chain

The vial technology will help drug manufacturers meet their sustainability goals while enabling faster, safer filling-line operations The vial technology will help drug manufacturers meet their sustai...

9 months ago - GlobeNewsWire

Corning Appoints Thomas D. French to Its Board of Directors

CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today announced that Thomas D. French, former senior partner and current senior partner emeritus ...

10 months ago - GlobeNewsWire

Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields - Adtran (NASDAQ:ADTN), Corning (NYSE:GLW)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: ADTNNOK
10 months ago - Benzinga

Corning Stock Rallies After Upgrade. What's Behind the Brighter Outlook.

Morgan Stanley turned bullish on the specialty glass maker, as it anticipates better times ahead.

10 months ago - Barrons

Corning and SGD Pharma announce joint venture to open new glass tubing facility and expand access to Corning® Velocity® Vial technology in India

The collaboration will enable faster, more efficient delivery of vital medicines and help support India's growing pharmaceutical industry The collaboration will enable faster, more efficient delivery ...

10 months ago - GlobeNewsWire

Will Corning Stock Rebound To Its 2021 Highs Of $45?

Returning to the pre-inflation shock level means that Corning stock will have to gain more than 45% from here.

10 months ago - Forbes