GLW - Corning Inc Stock Price, Fair Value and News

33.58USD+0.14 (+0.42%)Delayed as of 07 May 2024, 11:59 am ET

Market Summary

USD33.58+0.14

Delayedas of 07 May 2024, 11:59 am

0.42%

GLW Alerts

2 major insider sales recently.

GLW Stock Price

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GLW RSI Chart

GLW Valuation

Market Cap

28.6B

Price/Earnings (Trailing)

46.39

Price/Sales (Trailing)

2.31

EV/EBITDA

16.13

Price/Free Cashflow

13.32

GLW Price/Sales (Trailing)

GLW Profitability

Operating Margin

31.66%

EBT Margin

7.14%

Return on Equity

5.34%

Return on Assets

2.24%

Free Cashflow Yield

7.51%

GLW Fundamentals

GLW Revenue

Revenue (TTM)

12.4B

Rev. Growth (Yr)

-6.39%

Rev. Growth (Qtr)

-0.63%

GLW Earnings

Earnings (TTM)

617.5M

Earnings Growth (Yr)

9.42%

Earnings Growth (Qtr)

457.26%

Breaking Down GLW Revenue

52 Week Range

29.5036.02

(Low)(High)

Last 7 days

5.2%

Last 30 days

2.8%

Last 90 days

4.4%

Trailing 12 Months

6.2%

How does GLW drawdown profile look like?

GLW Financial Health

Current Ratio

1.67

Debt/Equity

0.61

Debt/Cashflow

0.3

GLW Investor Care

Dividend Yield

3.35%

Dividend/Share (TTM)

1.12

Shares Dilution (1Y)

0.76%

Diluted EPS (TTM)

0.72

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	12.4B	0	0	0
2023	13.7B	13.3B	13.0B	12.6B
2022	14.5B	14.6B	14.5B	14.2B
2021	12.2B	13.1B	13.8B	14.1B
2020	11.1B	10.7B	10.8B	11.3B
2019	11.6B	11.8B	11.7B	11.5B
2018	10.2B	10.5B	10.9B	11.3B
2017	9.7B	9.9B	10.0B	10.1B
2016	8.9B	8.9B	9.1B	9.4B
2015	9.7B	9.6B	9.3B	9.1B
2014	8.3B	8.8B	9.3B	9.7B
2013	7.9B	8.0B	8.0B	7.8B
2012	7.9B	7.8B	7.8B	8.0B
2011	7.0B	7.3B	7.8B	7.9B
2010	6.0B	6.3B	6.4B	6.6B
2009	5.3B	5.0B	4.9B	5.4B
2008	0	5.9B	5.9B	5.9B
2007	0	0	0	5.9B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Corning Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	zhang john z	sold	-419,302	33.4212	-12,546	svp&gm display, mce & asia
May 01, 2024	steverson lewis a	sold	-990,644	33.0457	-29,978	evp and clao
Apr 15, 2024	bayne john p jr	sold (taxes)	-278,731	31.29	-8,908	svp &gm, mobile consumer elec.
Apr 15, 2024	verkleeren ronald l	sold (taxes)	-312,368	31.29	-9,983	svp emerging innovations group
Apr 15, 2024	verkleeren ronald l	acquired	-	-	23,200	svp emerging innovations group
Apr 15, 2024	weeks wendell p	sold (taxes)	-2,833,590	31.29	-90,559	chairman and ceo
Apr 15, 2024	weeks wendell p	acquired	-	-	185,951	chairman and ceo
Apr 15, 2024	curran martin j	acquired	-	-	31,703	exec. vp & innovation officer
Apr 15, 2024	musser eric s	sold (taxes)	-994,553	31.29	-31,785	president and coo
Apr 15, 2024	becker stefan	sold (taxes)	-168,278	31.29	-5,378	senior vp & controller

Which funds bought or sold GLW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 03, 2024	FDx Advisors, Inc.	added	7.33	161,000	1,157,000	0.18%
May 03, 2024	LFA - Lugano Financial Advisors SA	unchanged	-	866	11,371	0.01%
May 03, 2024	Sowell Financial Services LLC	sold off	-100	-328,000	-	-%
May 03, 2024	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	reduced	-68.19	-4,118,940	2,162,800	0.04%
May 03, 2024	DAVENPORT & Co LLC	added	0.38	44,524	558,928	-%
May 03, 2024	Glassman Wealth Services	sold off	-100	-28,283	-	-%
May 03, 2024	CapWealth Advisors, LLC	added	0.2	1,352,070	17,328,000	1.95%
May 03, 2024	McClarren Financial Advisors, Inc.	sold off	-100	-13,000	-	-%
May 03, 2024	Beacon Bridge Wealth Partners, LLC	sold off	-100	-214,866	-	-%
May 03, 2024	Financial Connections Group, Inc.	sold off	-100	-3,000	-	-%

Are Funds Buying or Selling GLW?

Are funds buying GLW calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GLW

No. of Funds

GLW Alerts

2 major insider sales recently.

Unveiling Corning Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.52%	98,246,749	SC 13G/A
Jan 26, 2024	blackrock inc.	7.1%	60,192,751	SC 13G/A
Feb 09, 2023	vanguard group inc	11.49%	97,196,146	SC 13G/A
Feb 01, 2023	blackrock inc.	6.6%	55,527,143	SC 13G/A
Feb 09, 2022	vanguard group inc	10.79%	92,075,409	SC 13G/A
Feb 09, 2022	state street corp	3.90%	33,243,465	SC 13G/A
Feb 04, 2022	wellington management group llp	4.37%	37,273,654	SC 13G/A
Feb 01, 2022	blackrock inc.	6.3%	53,727,975	SC 13G/A
Apr 08, 2021	samsung display co., ltd.	9.0%	8e+07	SC 13G/A
Feb 10, 2021	vanguard group inc	11.08%	84,650,440	SC 13G/A

Recent SEC filings of Corning Inc

View All Filings

Date Filed	Form Type	Document
May 06, 2024	8-K	Current Report
May 06, 2024	144	Notice of Insider Sale Intent
May 03, 2024	144	Notice of Insider Sale Intent
May 02, 2024	4	Insider Trading
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	144	Notice of Insider Sale Intent
May 02, 2024	4	Insider Trading
May 01, 2024	144	Notice of Insider Sale Intent
Apr 30, 2024	8-K	Current Report
Apr 17, 2024	4	Insider Trading

Peers (Alternatives to Corning Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.8T	381.6B	7.15%	4.69%	27.76	7.3	-0.90%	6.43%
APH	74.9B	12.8B	6.31%	64.83%	36.78	5.84	1.52%	6.35%
GLW	28.6B	12.4B	2.77%	6.23%	46.39	2.31	-9.51%	-33.28%
FTV	27.1B	6.1B	-8.65%	18.94%	30.12	4.42	3.71%	17.79%
FLEX	12.3B	29.4B	0.45%	42.39%	16.33	0.42	-1.12%	-8.06%
MID-CAP
CGNX	7.6B	847.2M	10.14%	-10.24%	76.65	9.01	-8.39%	-42.67%
ARW	6.8B	31.3B	-0.23%	6.28%	9.49	0.22	-14.93%	-46.67%
BMI	5.6B	740.8M	19.85%	36.95%	54.66	7.55	25.07%	42.99%
AVT	4.5B	24.7B	2.56%	16.39%	7.87	0.18	-6.09%	-33.76%
ESE	2.8B	968.8M	4.22%	11.04%	29.94	2.87	9.35%	8.73%
SMALL-CAP
CNXN	1.6B	2.8B	-5.35%	60.84%	19.9	0.59	-10.09%	0.74%
BHE	1.4B	2.8B	27.15%	79.15%	20.81	0.49	-4.25%	-5.27%
GPRO	292.9M	1.0B	-6.37%	-56.09%	-5.51	0.29	-8.05%	-284.36%
AEY	32.0M	56.7M	-14.40%	32.10%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.3M	27.6M	-1.67%	-36.56%	18.44	0.92	3.62%	-35.71%

Corning Inc News

Latest updates

Corning Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.6%	2,975	2,994	3,173	3,243	3,178	3,406	3,488	3,615	3,680	3,676	3,615	3,501	3,290	3,350	3,001	2,561	2,391	2,817	2,934	2,940	2,812
Cost Of Revenue	-4.8%	1,982	2,083	2,169	2,230	2,175	2,491	2,426	2,369	2,397	2,405	2,294	2,186	2,134	2,137	2,000	1,805	1,830	1,963	1,917	1,875	1,713
Gross Profit	9.0%	993	911	1,004	1,013	1,003	915	1,062	1,246	1,283	1,271	1,321	1,315	1,156	1,213	1,001	756	561	854	1,017	1,065	1,099
S&GA Expenses	-12.3%	451	514	468	440	421	517	461	486	434	476	486	465	400	471	480	401	395	401	369	414	401
R&D Expenses	-10.7%	258	289	270	263	254	281	278	240	248	280	251	242	222	232	231	430	261	278	255	249	249
EBITDA Margin	5.0%	0.17*	0.16*	0.16*	0.16*	0.19*	0.22*	0.26*	0.27*	0.26*	0.27*	0.26*	0.27*	-	-	-	-	-	-	-	-	-
Income Taxes	810.0%	71.00	-10.00	35.00	106	37.00	31.00	34.00	166	180	89.00	109	67.00	226	78.00	23.00	22.00	-12.00	-3.00	71.00	124	52.00
Earnings Before Taxes	878.9%	296	-38.00	217	409	228	4.00	260	750	783	586	493	521	825	341	450	-49.00	-108	17.00	408	216	575
EBT Margin	10.1%	0.07*	0.06*	0.07*	0.07*	0.09*	0.13*	0.16*	0.18*	0.16*	0.17*	0.16*	0.16*	-	-	-	-	-	-	-	-	-
Net Income	457.3%	209	-58.50	164	303	191	-57.50	208	584	603	484	371	454	601	249	427	-65.00	-96.00	23.00	337	105	505
Net Income Margin	4.7%	0.05*	0.05*	0.05*	0.05*	0.07*	0.09*	0.13*	0.14*	0.13*	0.14*	0.12*	0.13*	-	-	-	-	-	-	-	-	-
Free Cashflow	-86.5%	96.00	713	722	619	-49.00	617	706	758	534	1,023	895	771	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-3.1%	27,618	28,500	28,278	28,645	28,822	29,499	28,735	29,718	30,257	30,154	29,706	29,806	30,143	30,775	30,267	27,546	27,859	28,898	27,329	27,575	27,321
Current Assets	-3.3%	6,971	7,212	7,298	7,293	6,877	7,453	7,804	7,883	7,861	3,163	7,679	7,648	8,103	3,434	8,058	6,846	6,946	3,301	6,156	6,311	6,349
Cash Equivalents	-23.3%	1,365	1,779	1,639	1,538	1,146	1,671	1,630	1,629	2,016	2,148	2,212	2,320	2,868	2,672	2,514	2,158	2,025	2,434	971	1,178	1,456
Inventory	1.8%	2,713	2,666	2,655	2,757	2,863	2,904	2,951	2,835	2,618	2,481	2,463	2,387	2,361	2,481	2,581	2,235	2,347	2,320	2,337	2,291	2,190
Net PPE	-2.9%	14,199	14,630	14,407	14,681	15,137	15,371	14,645	15,350	15,780	1,426	15,383	15,455	15,364	1,463	15,449	14,691	14,932	1,764	15,083	15,137	14,878
Goodwill	-0.4%	2,370	2,380	2,372	2,382	2,394	2,394	2,368	2,389	2,408	2,421	2,425	2,433	2,429	2,460	2,427	1,925	1,918	1,935	1,924	1,938	1,930
Liabilities	-3.4%	16,059	16,632	16,534	16,935	16,615	17,224	17,187	17,736	17,628	17,609	17,351	17,664	16,585	17,327	17,410	15,413	15,572	15,901	14,195	14,054	13,615
Current Liabilities	-3.3%	4,175	4,319	4,285	4,411	4,773	5,175	5,167	5,530	5,061	4,806	4,337	4,624	3,513	3,767	3,849	3,020	3,191	3,521	3,600	3,416	3,059
Long Term Debt	-2.2%	7,050	7,206	7,200	7,437	6,700	6,687	6,500	6,677	6,839	6,989	7,019	7,000	7,700	7,816	7,822	7,800	7,800	7,729	6,200	6,080	6,018
Shareholder's Equity	0.1%	11,559	11,551	11,430	11,710	12,207	12,008	11,548	11,982	12,629	12,545	12,355	12,142	13,558	13,448	12,857	12,133	12,287	12,997	13,134	13,521	13,706
Retained Earnings	-0.2%	16,358	16,391	16,673	16,509	16,713	16,778	17,044	16,837	16,737	16,389	16,110	15,739	16,509	16,120	16,065	15,847	16,114	16,408	16,555	16,399	16,489
Additional Paid-In Capital	0.4%	16,998	16,929	16,877	16,817	16,746	16,682	16,649	16,590	16,531	16,475	16,398	16,352	14,722	14,642	14,494	14,398	14,340	14,323	14,295	14,277	14,243
Accumulated Depreciation	-0.8%	14,439	14,553	14,257	14,171	14,239	14,147	13,348	13,499	14,010	13,969	13,857	13,657	13,514	13,663	13,874	13,476	13,187	12,995	12,731	12,506	12,136
Minority Interest	5.0%	333	317	314	298	282	267	264	248	234	212	210	182	189	191	197	84.00	89.00	90.00	100	96.00	99.00
Float	-	-	-	-	30,000	-	-	-	26,000	-	-	-	35,000	-	-	-	19,000	-	-	-	25,000	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-86.5%	96.00	713	722	619	-49.00	617	706	758	534	1,023	895	771	723	774	608	550	248	1,018	889	153	-29.00
Share Based Compensation	20.0%	60.00	50.00	57.00	59.00	52.00	30.00	52.00	51.00	42.00	73.00	39.00	44.00	34.00	80.00	62.00	-	-	13.00	13.00	-	-
Cashflow From Investing	20.0%	-184	-230	-255	-287	-228	-386	-402	-289	-278	-616	-388	-127	-288	-378	-148	-245	-539	-357	-500	-551	-483
Cashflow From Financing	15.2%	-308	-363	-356	84.00	-248	-219	-252	-803	-375	-462	-601	-1,199	-190	-314	-143	-178	-94.00	786	-571	131	-393
Buy Backs	-	-	-	-	-	-	-	20.00	52.00	149	252	21.00	-	-	-	-	-	105	232	301	150	257

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GLW Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net sales	$ 2,975	$ 3,178
Cost of sales	1,982	2,175
Gross margin	993	1,003
Operating expenses:
Selling, general and administrative expenses	451	421
Research, development and engineering expenses	258	254
Amortization of purchased intangibles	30	31
Operating income	254	297
Interest income	12	7
Interest expense	(83)	(76)
Translated earnings contract gain (loss), net (Note 11)	39	(8)
Other income, net	74	8
Income before income taxes	296	228
Provision for income taxes (Note 3)	(71)	(37)
Net income	225	191
Net income attributable to non-controlling interest	(16)	(15)
Net income attributable to Corning Incorporated	$ 209	$ 176
Earnings per common share available to common shareholders:
Basic (Note 4) (in dollars per share)	$ 0.25	$ 0.21
Diluted (Note 4) (in dollars per share)	$ 0.24	$ 0.2

GLW Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,365	$ 1,779
Trade accounts receivable, net of doubtful accounts - $29 and $30	1,621	1,572
Inventories (Note 5)	2,713	2,666
Other current assets	1,272	1,195
Total current assets	6,971	7,212
Property, plant and equipment, net of accumulated depreciation - $14,439 and $14,553	14,199	14,630
Goodwill	2,370	2,380
Other intangible assets, net	871	905
Deferred income taxes (Note 3)	1,132	1,153
Other assets	2,075	2,220
Total Assets	27,618	28,500
Current liabilities:
Current portion of long-term debt and short-term borrowings	318	320
Accounts payable	1,476	1,466
Other accrued liabilities (Notes 6 and 10)	2,381	2,533
Total current liabilities	4,175	4,319
Long-term debt (Note 7)	7,050	7,206
Postretirement benefits other than pensions (Note 8)	399	398
Other liabilities (Notes 6 and 10)	4,435	4,709
Total liabilities	16,059	16,632
Commitments and contingencies (Note 10)
Shareholders’ equity (Note 12):
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion	917	916
Additional paid-in capital – common stock	16,998	16,929
Retained earnings	16,358	16,391
Treasury stock, at cost; Shares held: 981 million and 980 million	(20,672)	(20,637)
Accumulated other comprehensive loss	(2,375)	(2,048)
Total Corning Incorporated shareholders’ equity	11,226	11,551
Non-controlling interest	333	317
Total equity	11,559	11,868
Total Liabilities and Equity	$ 27,618	$ 28,500

About Corning Inc

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. 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, Falcon, Pyrex, and Axygen brands. Corning Incorporated was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. The company was founded in 1851 and is headquartered in Corning, New York.

CEO	Mr. Wendell P. Weeks
WEBSITE	corning.com
INDUSTRY	Consumer Electronics
EMPLOYEES	57500

Corning Inc Frequently Asked Questions

What is the ticker symbol for Corning Inc? What does GLW stand for in stocks?

GLW is the stock ticker symbol of Corning Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Corning Inc (GLW)?

As of Mon May 06 2024, market cap of Corning Inc is 28.65 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GLW stock?

You can check GLW's fair value in chart for subscribers.

What is the fair value of GLW stock?

You can check GLW's fair value in chart for subscribers. The fair value of Corning Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Corning Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GLW so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Corning Inc a good stock to buy?

The fair value guage provides a quick view whether GLW is over valued or under valued. Whether Corning Inc is cheap or expensive depends on the assumptions which impact Corning Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GLW.

What is Corning Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 06 2024, GLW's PE ratio (Price to Earnings) is 46.39 and Price to Sales (PS) ratio is 2.31. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GLW PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Corning Inc's stock?

In the past 10 years, Corning Inc has provided 0.072 (multiply by 100 for percentage) rate of return.