Corning Incorporated (GLW)

NYSE: GLW · IEX Real-Time Price · USD
33.52
-0.54 (-1.59%)
At close: May 19, 2022 4:03 PM
33.60
0.08 (0.24%)
After-hours:May 19, 2022 7:33 PM EDT
Market Cap28.31B
Revenue (ttm)14.47B
Net Income (ttm)1.09B
Shares Out844.61M
EPS (ttm)1.26
PE Ratio26.65
Forward PE14.93
Dividend$1.02 (3.04%)
Ex-Dividend DateMay 27, 2022
Volume5,305,231
Open33.73
Previous Close34.06
Day's Range33.20 - 34.15
52-Week Range33.20 - 44.30
Beta0.95
AnalystsBuy
Price Target47.01 (+40.2%)
Earnings DateApr 26, 2022

About GLW

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and con...

IndustryElectronic Equipment, Instruments & Components
Founded1851
CEOWendell Weeks
Employees61,200
Stock ExchangeNYSE
Ticker SymbolGLW
Full Company Profile

Financial Performance

In 2021, Corning's revenue was $14.08 billion, an increase of 24.59% compared to the previous year's $11.30 billion. Earnings were $1.91 billion, an increase of 272.27%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for GLW stock is "Buy." The 12-month stock price forecast is 47.01, which is an increase of 40.24% from the latest price.

Price Target
$47.01
(40.24% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Corning Stock is a Technology Value Play

Glass and optical technology products producer Corning (NYSE: GLW) stock has been very resilient as it is only down (-1%) versus down (-23%) for the Nasdaq 100 index.

1 week ago - MarketBeat

Here's Why Corning (GLW) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

2 weeks ago - Zacks Investment Research

Sales and Earnings Surge at Corning, But Where'd All the Cash Go?

Weak free cash flow makes Corning a riskier bet that it seems.

2 weeks ago - The Motley Fool

Corning Announces Quarterly Dividend

CORNING, N.Y., April 28, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.27 per share on the company's common stock. The dividend...

3 weeks ago - GlobeNewsWire

Corning (GLW) Beats on Q1 Earnings, Raises 2022 Sales View

Corning's (GLW) first-quarter 2022 results benefit from strong growth in Optical Communications, Display Technologies and Hemlock's solar materials.

3 weeks ago - Zacks Investment Research

Corning (GLW) Q1 Earnings and Revenues Surpass Estimates

Corning (GLW) delivered earnings and revenue surprises of 10.20% and 5.09%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Corning shares jump 8.7% premarket after earnings beat

Shares of glass maker Corning Inc. GLW, +1.83% jumped 8.7% premarket Tuesday, after the company reported better-than-expected first-quarter earnings, boosted by strength in Optical Communications. The c...

3 weeks ago - Market Watch

Corning's Strong First-Quarter Sales and Improved Profitability Highlight Outstanding Start to 2022

Core sales grew 15% year over year to $3.7 billion and core EPS increased 20% year over year to $0.54; First-quarter free cash flow of $171 million puts company on pace for another year of strong cash g...

3 weeks ago - GlobeNewsWire

Will Higher Revenues Drive Corning's (GLW) Q1 Earnings?

Corning's (GLW) performance in first-quarter 2022 is likely to have been driven by growth in Optical Communications, Display Technologies and Specialty Materials businesses.

4 weeks ago - Zacks Investment Research

Corning (GLW) Reports Next Week: Wall Street Expects Earnings Growth

Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Corning Enters Oversold Territory

But making Corning Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of GLW entered into oversold territory, changing hands as low as $34.68 per ...

1 month ago - Forbes

How Are Apple Vendors Stocks Faring This Year?

Our theme of Apple Component Supplier Stocks – which includes a diverse set of companies that supply components for Apple's iPhones and other devices, has declined by about 8% year-to-date in 2022, roug...

Other symbols:QRVO
1 month ago - Forbes

3 Glass Stocks that Could Sharpen Your Portfolio

Glass that can sharpen your portfolio: See what we did there? Jokes aside, what can glass stocks do for you?

Other symbols:APOGVIEW
2 months ago - MarketBeat

Why Is Corning (GLW) Down 0.1% Since Last Earnings Report?

Corning (GLW) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Corning (GLW) is a Top-Ranked Value Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

2 months ago - Zacks Investment Research

Why Corning's Fiber Optics Business Is Thriving

The glass company delivered an impressive Q4 earnings report.

3 months ago - The Motley Fool

Corning Announces Increase in Quarterly Dividend

CORNING, N.Y., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.27 per share, a 12.5% increase versus the company's previ...

3 months ago - GlobeNewsWire

Why Corning (GLW) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

3 months ago - Zacks Investment Research

3D Glass Solutions Raises Additional $4 Million in Series B1 Round Extension

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--3D Glass Solutions Inc. (3DGS), a leading innovator of glass-based three-dimensional passive radio frequency (RF) devices, announced today it has raised an additional...

3 months ago - Business Wire

Why Shares in Corning Soared Nearly 15% This Week

The materials science company is preparing for margin expansion in 2022.

3 months ago - The Motley Fool

Analysts Bump Up Corning Price Target Post Q4 Results

Barclays analyst Tim Long raised the price target on Corning to $52 from $47 (26% upside) and reiterated an Overweight rating on the shares.

3 months ago - Benzinga

2 of Wednesday's Big Stock Winners Could Have Further to Rise

Good news on a couple different fronts ran counter to the choppy action in the broader market.

Other symbols:GRPN
3 months ago - The Motley Fool

Corning (GLW) Surpasses Earnings & Revenue Estimates in Q4

Corning's (GLW) fourth-quarter 2021 results benefit from growth in Optical Communications, Display Technologies and Life Sciences.

3 months ago - Zacks Investment Research

Why Corning Stock Jumped 12.5% on Wednesday

The world's most famous glassmaker just beat earnings -- and promised to do it again next quarter, too.

3 months ago - The Motley Fool

Corning (GLW) Q4 Earnings and Revenues Top Estimates

Corning (GLW) delivered earnings and revenue surprises of 5.88% and 2.87%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research