Technology -
Hardware, Equipment & Parts - NYSE - US
$ 39.61
1.38 %
$ 33.9 B
Market Cap
68.29
P/E
1. INTRINSIC VALUE
Balance Sheet
Corning Incorporated
| Current Assets | 7.99 B |
| Cash & Short-Term Investments | 1.77 B |
| Receivables | 2.05 B |
| Other Current Assets | 4.17 B |
| Non-Current Assets | 19.7 B |
| Long-Term Investments | 0 |
| PP&E | 13.4 B |
| Other Non-Current Assets | 6.38 B |
| Current Liabilities | 4.92 B |
| Accounts Payable | 1.47 B |
| Short-Term Debt | 421 M |
| Other Current Liabilities | 3.03 B |
| Non-Current Liabilities | 11.7 B |
| Long-Term Debt | 7.5 B |
| Other Non-Current Liabilities | 4.25 B |
EFFICIENCY
Earnings Waterfall
Corning Incorporated
| Revenue | 13.1 B |
| Cost Of Revenue | 8.84 B |
| Gross Profit | 4.28 B |
| Operating Expenses | 3.14 B |
| Operating Income | 1.14 B |
| Other Expenses | 543 M |
| Net Income | 592 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Corning Incorporated
| Net Income | 592 M |
| Depreciation & Amortization | 1.35 B |
| Capital Expenditures | -965 M |
| Stock-Based Compensation | 273 M |
| Change in Working Capital | -558 M |
| Others | 175 M |
| Free Cash Flow | 974 M |
Wall Street Analysts Price Targets
Corning Incorporated
Wall Street analysts predict an average 1-year price target for GLW of $48.3 , with forecasts ranging from
a
low of
$36 to a high of $60 .
GLW Lowest Price Target
Wall Street Target
36 USD
-9.11%
GLW Average Price Target
Wall Street Target
48.3 USD
22.02%
GLW Highest Price Target
Wall Street Target
60 USD
51.48%
4. DIVIDEND
ANALYSIS
0.59%
DIVIDEND YIELD
0.28 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Corning Incorporated
Sold
0-3 MONTHS
7.64 M USD 5
3-6 MONTHS
15.7 M USD 9
6-9 MONTHS
5.66 M USD 6
9-12 MONTHS
7.82 M USD 7
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
5 High ROE Stocks to Buy as Markets Face Tariff Bloodbath
ANET, GLW, JAZZ, AES and PPC are some of the stocks with high ROE to profit from as markets recoiled on tariff war.
zacks.com
- 1 week ago
Billionaire David Tepper Just Sold Out of Adobe and Bought This Artificial Intelligence Value Stock Instead
In turbulent times like these, it's always interesting to see what some of today's top investors are doing with their portfolios.
fool.com
- 2 weeks ago
Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report?
Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
zacks.com
- 2 weeks ago
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 acquisition of Corning Incorporated's (NYSE:GLW) wireless business. With the acquisition now finalized, Airspan assumes full ownership and operational control of Corning's wireless assets, including its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (R.
businesswire.com
- 2 weeks ago
GLW Unveils AI Data Center Infrastructure Solutions: Stock to Gain?
Corning's advanced GlassWorks AI solution is set to support growing fiber densification requirements in data centers and generative AI use cases.
zacks.com
- 3 weeks ago
Will GLW Stock Gain From the Launch of Corning Gorilla Glass Ceramic?
GLW's Corning Gorilla Glass Ceramic has added a new dimension to the toughness quotient of mobile devices.
zacks.com
- 3 weeks ago
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 build the dense fiber infrastructure required for generative AI. The end-to-end portfolio provides industry-leading cable and connectivity solutions along with best-in-class network planning, design, and deployment support. Operators face challenges of scale and density in meeting the infrastructure r.
businesswire.com
- 3 weeks ago
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 material to help bring advanced toughness to more mobile devices. Gorilla Glass Ceramic significantly improves drop performance on rough surfaces compared to competitive aluminosilicate glasses. The new material expands Corning's portfolio of durable cover materials for OEMs. “Gorilla Glass has built a.
businesswire.com
- 3 weeks ago
Corning Upgrades Guidance on Solid Customer Growth: Stock to Gain?
GLW upgrades its guidance backed by robust demand for its optical connectivity products, the launch of solar energy solutions and a price hike in display technologies.
zacks.com
- 1 month ago
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 Executive Officer Mike O'Day - SVP & GM, Optical Communication Dr. Claudio Mazzali - Vice President, Global Research Hal Nelson - SVP & GM, Automotive, Life Sciences & Solar Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Tim Long - Barclays Samik Chatterjee - JPMorgan Asiya Merchant - Citi Josh Spector - UBS Matt Niknam - Deutsche Bank Peter O'Keefe - O'Keefe Stevens Advisory Woo Jin Ho - Bloomberg Intelligence Ann Nicholson Good morning, everybody. It's my pleasure to welcome you to Corning's Investor Event right here at the Stock Exchange.
seekingalpha.com
- 1 month ago
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 the coming years.
wsj.com
- 1 month ago
Restructuring Efforts Buoy GLW: Can the Stock Sustain This Growth?
With a reorganized operating structure, Corning is benefiting from improved demand and commercialization of its innovations.
zacks.com
- 1 month ago
8. Profile
Summary
Corning Incorporated GLW
COUNTRY
US
INDUSTRY
Hardware, Equipment & Parts
MARKET CAP
$ 33.9 B
Dividend Yield
0.59%
Description
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 connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, 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.
Contact
One Riverfront Plaza, Corning, NY, 14831
https://www.corning.com
IPO
Date
Dec. 31, 1981
Employees
56300
Officers
Mr. John Z. Zhang
Senior Vice President & GM of Display, Mobile Consumer Electronics & Corning Asia
Dr. Jaymin Amin
Senior Vice President & Chief Technology Officer
Mr. Edward A. Schlesinger
Executive Vice President & Chief Financial Officer
Mr. Avery H. Nelson III
Senior Vice President and GM of Automotive, Live Sciences & Solar
Kevin G. Corliss
Vice President of Global Employee Relations & Chief Compliance Officer
Ms. Soumya Seetharam
Senior Vice President and Chief Digital & Information Officer
Ms. Ann H. S. Nicholson
Vice President of Investor Relations
Mr. Wendell P. Weeks
Chairman & Chief Executive Officer
Mr. Eric S. Musser
President & Chief Operating Officer
Mr. Lewis A. Steverson J.D.
Executive Vice President and Chief Legal & Administrative Officer