- Previous Close
53.98 - Open
54.11 - Bid --
- Ask --
- Day's Range
53.68 - 54.27 - 52 Week Range
30.72 - 54.53 - Volume
3,865,352 - Avg. Volume
4,564,400 - Market Cap (intraday)
46.449B - Beta (5Y Monthly) 1.03
- PE Ratio (TTM)
285.53 - EPS (TTM)
0.19 - Earnings Date Jan 29, 2025
- Forward Dividend & Yield 1.12 (2.06%)
- Ex-Dividend Date Nov 15, 2024
- 1y Target Est
53.35
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 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 individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
www.corning.com49,800
Full Time Employees
December 31
Fiscal Year Ends
Technology
Sector
Electronic Components
Industry
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Performance Overview: GLW
Trailing total returns as of 2025-01-24, which may include dividends or other distributions. Benchmark is .
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Statistics: GLW
View MoreValuation Measures
Market Cap
46.45B
Enterprise Value
53.18B
Trailing P/E
285.53
Forward P/E
23.53
PEG Ratio (5yr expected)
0.69
Price/Sales (ttm)
3.73
Price/Book (mrq)
4.18
Enterprise Value/Revenue
4.22
Enterprise Value/EBITDA
26.09
Financial Highlights
Profitability and Income Statement
Profit Margin
1.24%
Return on Assets (ttm)
2.75%
Return on Equity (ttm)
1.93%
Revenue (ttm)
12.61B
Net Income Avi to Common (ttm)
156M
Diluted EPS (ttm)
0.19
Balance Sheet and Cash Flow
Total Cash (mrq)
1.61B
Total Debt/Equity (mrq)
72.74%
Levered Free Cash Flow (ttm)
1.11B
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Research Reports: GLW
View MoreCorning Earnings: Our Rebound Thesis Is Bearing Out, but Shares Now Look Inflated
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
RatingPrice TargetThe S&P 500 (SPX) recorded back-to-back gains of over 20%, which is both impressive and rare looking back to 1932.
The S&P 500 (SPX) recorded back-to-back gains of over 20%, which is both impressive and rare looking back to 1932. The last time we saw this magnitude of gains over two years was during the roaring 1990s. The SPX rose 34% in 1995 and 20% in 1996. And it didn't end there, as the index jumped another 31% in 1997 and almost 27% in 1998. The year 1999 just missed being the fifth year, with a 19.5% pop. That was a period of internet fever, not unlike the current AI boom. The only other time the SPX had consecutive yearly 20% gains was in 1935 (40%) and 1936 (28%). That time, year three didn't work out very well, as the SPX plunged almost 39% in 1937. So now we have dispelled all those bullish 2025 studies that are based on prior performance but lack numerous historical instances (statistical significance). But what do we know entering 2025? First and foremost, the trend is your friend until it isn't -- and the trend obviously is still bullish. Second, the slope of the price trend is not yet too hot. Indeed, the SPX is not overbought on a daily or weekly momentum basis. But it is overbought on a monthly basis. And therein lies a potential problem for 2025. Looking at weekly and monthly charts, and using a plethora of momentum indicators, the SPX has traced out two weekly and two monthly bearish momentum divergences. The weekly divergences go back to early 2024, while the monthly divergences go back to 2018. The last time we saw anything close to this length of monthly divergences was from May 1996 until August 2000. (Mark Arbeter, CMT)
The iShares 20+ Year Treasury Bond ETF (TLT) has been smacked over the past five days and has dropped to an important level of support.
The iShares 20+ Year Treasury Bond ETF (TLT) has been smacked over the past five days and has dropped to an important level of support. In the $91.20 areas, the ETF has reached a 61.8% retracement of the rally from November to December and a break of this key retracement might mean a full test of the November lows around $89. Volume during the latest decline is much lower than when TLT traced out its low in early November, a potential bullish sign that selling pressure is abating. Market sentiment from the two-year to the 10-year remains bearish, while the Commitment of Traders data (COT) continues to be very bullish for bond prices. We note that the COT data has been bullish for the past four months, but the smart money commercial hedgers don't look particularly smart at the moment. Seasonals are bearish until the start of 2025. The 10-year Treasury yield has jumped to 4.33% from an intraday low of 4.13% on December 6. On the upside, the first key level for the 10-year comes in at 4.4% from a trendline drawn off the peaks since October 2023 and extending the line out toward the end of the year. The second level is at 4.5%, which was the most-recent yield high in mid-November. The 4.5% level also represents a key 61.8% retracement of the decline in yields from October 2023 until September 2024. Looking out longer term on a weekly chart, the 10-year yield remains stuck in a range between 3.25% and 5%, going all the way back to September of 2022. Since the peak in October 2023, the 10-year yield has been in a downward channel but has turned higher well before reaching the bottom of the channel, a potential negative. (Mark Arbeter, CMT)
The stock market refuses to crack, despite last week's quick-but-minor two-day downdraft.
The stock market refuses to crack, despite last week's quick-but-minor two-day downdraft. The major indices tested their five-week exponential averages (EMA) last week and for the first two days this week -- and bounced. While the majors got close to a minor sell signal as the five-day EMA almost crossed the 13-day, the bounce on Tuesday averted that minor issue for now. Essentially, the majors have pulled back to their prior highs from mid-October and have held. Interestingly, the main beneficiaries during the post-election pop -- the S&P MidCap 600 (MDY) and the S&P SmallCap 600 (SML) -- have been beaten up a little more than the mega-cap indices. But they also have traded down to their recent breakout levels and bounced. This sets up the possibility that the small-caps could start to see some additional relative strength versus the majors. The Nasdaq 100 (QQQ) also pulled right back to trendline support off the lows since early September. Looking at the major components of the ETF, we note that NVDA, AAPL, AMZN, AVGO, GOOGL, META, TSLA, COST, and NFLX remain above their 200-day averages. Only MSFT is below, but not by much. The above nine stocks make up 46% of the ETF. Beside Nvidia's numbers after the close today, investors have been focused on Treasury yields. So far, the 10-year has stalled at 4.5%, a key area first hit on November 6. There is an important trendline off the peaks since October 2023 at 4.5% and it also represents a 61.8% retracement of the decline since October 2023. We finished at 4.38% on Tuesday, so we haven't had much give-back either. (Mark Arbeter, CMT)