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Corning Inc Stock Research

GLW

33.35USD+0.50(+1.52%)Market Closed

Market Summary

USD33.35+0.50
Market Closed
1.52%

GLW Alerts

GLW Stock Price

GLW RSI Chart

GLW Valuation

Market Cap

27.8B

Price/Earnings (Trailing)

21.11

Price/Sales (Trailing)

1.96

EV/EBITDA

10.49

Price/Free Cashflow

10.63

GLW Price/Sales (Trailing)

GLW Profitability

Operating Margin

31.76%

EBT Margin

12.66%

Return on Equity

10.96%

Return on Assets

4.46%

Free Cashflow Yield

9.41%

GLW Fundamentals

GLW Revenue

Revenue (TTM)

14.2B

Revenue Y/Y

-7.34%

Revenue Q/Q

-2.35%

GLW Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-107.39%

Earnings Q/Q

-117.31%

Price Action

52 Week Range

28.7537.62
(Low)(High)

Last 7 days

-1.4%

Last 30 days

-4.6%

Last 90 days

3.5%

Trailing 12 Months

-12.3%

GLW Financial Health

Current Ratio

1.44

Debt/Equity

0.56

Debt/Cashflow

0.39

GLW Investor Care

Dividend Yield

3.29%

Dividend/Share (TTM)

1.08

Buy Backs (1Y)

0.89%

Diluted EPS (TTM)

1.54

Peers (Alternatives to Corning)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
TEL
39.5B
16.3B
 -1.61% -4.17%
17.5
2.42
 7.13% -7.65%
KEYS
33.7B
5.4B
 -1.89% -1.50%
30.02
6.23
 9.69% 25.73%
GLW
27.8B
14.2B
 -4.56% -12.29%
21.11
1.96
 0.76% -30.95%
CDW
26.0B
23.7B
 -5.75% 10.01%
23.31
1.09
 14.06% 12.74%
ZBRA
14.9B
5.8B
 -5.29% -32.44%
30.01
2.57
 2.74% -44.68%
JBL
11.2B
34.5B
 1.15% 34.23%
11.44
0.32
 15.08% 32.70%
MID-CAP
DLB
7.9B
1.2B
 0.58% 9.22%
43.3
6.42
 -0.48% -28.07%
LFUS
6.5B
2.5B
 1.65% 4.37%
17.42
2.59
 20.86% 31.54%
FN
4.1B
2.5B
 -9.29% 4.95%
17.28
1.64
 17.99% 35.28%
BDC
3.6B
2.6B
 -3.74% 44.80%
14.08
1.38
 13.26% 298.38%
SMALL-CAP
KN
1.5B
764.7M
 -3.32% -24.94%
-3.45
1.94
 -11.91% -385.97%
CTS
1.4B
586.9M
 2.30% 26.78%
24.05
2.44
 14.42% 242.30%
NSSC
1.4B
160.9M
 18.68% 75.37%
54.15
8.63
 25.62% 37.31%
PAR
874.5M
355.8M
 -11.35% -22.29%
-12.62
2.46
 25.78% 8.55%
BHE
796.8M
2.9B
 -6.90% -9.54%
11.68
0.28
 27.98% 90.74%

Financials for Corning

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.9%14,18914,45914,58614,47214,082
Cost Of Revenue0.9%9,6839,5979,4659,2829,019
Gross Profit-7.3%4,5064,8625,1215,1905,063
  S&GA Expenses2.2%1,8981,8571,8821,8611,827
  R&D Expenses0.1%1,0471,0461,0191,021995
EBITDA-15.9%3,1263,7173,9203,984-
EBITDA Margin-14.3%0.22*0.26*0.27*0.28*-
Earnings Before Taxes-23.7%1,7972,3562,5892,3602,426
EBT Margin-22.3%0.13*0.16*0.18*0.16*-
Interest Expenses-287----
Net Income-30.1%1,3161,8822,0451,9151,906
Net Income Margin-28.7%0.09*0.13*0.14*0.13*-
Free Cahsflow-13.4%2,6153,0213,2103,223-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.7%29,49928,73529,71830,25730,154
  Current Assets-4.5%7,4537,8047,8837,8617,659
    Cash Equivalents2.5%1,6711,6301,6292,0162,148
  Inventory-1.6%2,9042,9512,8352,6182,481
  Net PPE5.0%15,37114,64515,35015,78015,804
  Goodwill1.1%2,3942,3682,3892,4082,421
Liabilities0.2%17,22417,18717,73617,62817,609
  Current Liabilities0.2%5,1755,1675,5305,0614,806
.    Short Term Borrowings------
  Long Term Debt2.5%6,6876,5256,7006,8396,989
Shareholder's Equity6.4%12,00811,28411,98212,62912,333
  Retained Earnings-1.6%16,77817,04416,83716,73716,389
  Additional Paid-In Capital0.2%16,68216,64916,59016,53116,475
Accumulated Depreciation6.0%14,14713,34813,49914,01013,969
Minority Interest1.1%267264248234212
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-13.4%2,6153,0213,2103,2233,412
  Share Based Compensation-19.7%175218205198190
Cashflow From Investing14.5%-1,355-1,585-1,571-1,409-1,419
Cashflow From Financing12.8%-1,649-1,892-2,241-2,637-2,452
  Buy Backs-53.3%221473474563274

Risks for GLW

What is the probability of a big loss on GLW?

75.8%

Probability that Corning stock will be more than 20% underwater in next one year

18.9%

Probability that Corning stock will be more than 30% underwater in next one year.

16.1%

Probability that Corning stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GLW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Corning was unfortunately bought at previous high price.

Drawdowns

Returns for GLW

Cumulative Returns on GLW

12.4%

10-Year Cumulative Returns

9.9%

7-Year Cumulative Returns

6.1%

5-Year Cumulative Returns

21%

3-Year Cumulative Returns

What are the long-term rolling returns for GLW?

FIve years rolling returns for Corning.

Annualized Returns

Which funds bought or sold GLW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
reduced
-1.58
491,817
6,402,120
 0.05%
2023-03-23
Prostatis Group LLC
added
9.94
1,634
17,538
 0.01%
2023-03-20
Socha Financial Group, LLC
new
-
338,316
338,316
 0.24%
2023-03-17
American Portfolios Advisors
added
6.37
-8,948
430,467
 0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-32.67
-899,375
2,573,620
 0.07%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
1,687
21,687
 -%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-10.12
-405,953
37,264,000
 0.04%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-2.81
13,934
213,934
 0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-1.49
1,294,000
16,667,000
 0.08%
2023-03-03
TIAA, FSB
reduced
-16.23
-33,261
398,739
 -%

1–10 of 48

Latest Funds Activity

Are funds buying GLW calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own GLW
No. of Funds

GLW Alerts

Corning News

Investopedia

Bank Stocks Lift Dow, S&P 500.

Investopedia,
106 minutes ago

Nasdaq

Deutsche Bank Upgrades Corning (GLW).

Nasdaq,
3 hours ago

Barron's

First Citizens, First Republic, Coinbase, Blackbaud, Carnival, and More Market Movers.

Barron's,
3 hours ago

InvestorsObserver

Should Electronic Components Stock Corning Incorporated (GLW) Be in Your Portfolio Monday?.

InvestorsObserver,
6 hours ago

Nasdaq

Semtech (SMTC) to Release Q4 Earnings: What's in the Offing?.

Nasdaq,
7 hours ago

Barron's

Corning Fundamentals Are Bottoming. It's Time to Buy the Stock, Says Analyst..

Barron's,
7 hours ago

Barchart

Markets Today: Stock Indexes Climb as Banking Concerns Ease.

Barchart,
10 hours ago

Nasdaq

How to Find Strong Computer and Technology Stocks Slated for ....

Nasdaq,
10 hours ago

Investing.com UK

Pinterest To Rally Over 27%? Here Are 10 Other Analyst Forecasts ....

Investing.com UK,
10 hours ago

Investing.com UK

US Stocks Poised To Start New Trading Week Higher On Hopes Of ....

Investing.com UK,
11 hours ago

Nasdaq

Micron (MU) to Report Q2 Earnings: What's in the Offing?.

Nasdaq,
12 hours ago

Simply Wall St

Should You Be Adding Corning (NYSE:GLW) To Your Watchlist Today?.

Simply Wall St,
13 hours ago

Nasdaq

Are iPhone Component Stocks A Buy As Apple Plans Big New ....

Nasdaq,
17 hours ago

MarketBeat

Corning Incorporated (NYSE:GLW) Shares Sold by Kovitz ....

MarketBeat,
34 hours ago

Benzinga

Peering Into Corning's Recent Short Interest - Corning (NYSE:GLW).

Benzinga,
3 days ago

Nasdaq

May 5th Options Now Available For Corning (GLW).

Nasdaq,
4 days ago

Schedule 13G FIlings of Corning

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 08, 2021
state street corp
5.11%
39,034,680
SC 13G
Feb 04, 2021
wellington management group llp
6.50%
49,637,646
SC 13G

GLW Fair Value

Recent SEC filings of Corning

View All Filings
Date Filed Form Type Document
Mar 17, 2023
DEF 14A
DEF 14A
Mar 17, 2023
DEFA14A
DEFA14A
Mar 08, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 13, 2023
10-K
Annual Report
Feb 10, 2023
4
Insider Trading
Feb 10, 2023
4
Insider Trading
Feb 10, 2023
4
Insider Trading

Latest Insider Trading transactions for GLW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-07
Fang Li
acquired
285,711
14.3509
19,909
president & gm, international
2023-03-07
Fang Li
sold
-700,178
35.1689
-19,909
president & gm, international
2023-02-27
McRae Lawrence D
sold
-1,440,480
34.3054
-41,990
vice chairman & corp. dev. off
2023-02-27
McRae Lawrence D
acquired
843,729
20.0936
41,990
vice chairman & corp. dev. off
2023-02-16
Zhang John Z
sold
-204,004
35.516
-5,744
senior vp & gm, display
2023-02-13
WEEKS WENDELL P
sold
-3,450,360
35.5096
-97,167
chairman and ceo
2023-02-13
WEEKS WENDELL P
acquired
2,031,250
20.9048
97,167
chairman and ceo
2023-02-08
Schlesinger Edward A
sold (taxes)
-13,564
35.14
-386
exec. vice president and cfo
2023-02-08
Mullins Anne
acquired
-
-
569
-
2023-02-08
McRae Lawrence D
acquired
-
-
1,195
vice chairman & corp. dev. off

1–10 of 50

About Corning

Wendell P. Weeks
www.corning.com
61200
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.

GLW Income Statement

2022-09-30
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales$ 3,488$ 3,615$ 10,783$ 10,406
Cost of sales2,4262,2947,1926,614
Gross margin1,0621,3213,5913,792
Operating expenses:    
Selling, general and administrative expenses4614861,3811,351
Research, development and engineering expenses278251766715
Amortization of purchased intangibles31329297
Operating income2925521,3521,629
Interest income3398
Interest expense(73)(72)(216)(227)
Translated earnings contract (loss) gain, net (Note 11)(68)(13)257262
Other income, net10623391169
Income before income taxes2604931,7931,841
Provision for income taxes (Note 4)(34)(109)(380)(402)
Net income2263841,4131,439
Net income attributable to non-controlling interests(18)(13)(61)(20)
Net income attributable to Corning Incorporated$ 208$ 371$ 1,352$ 1,419
Earnings per common share available to common shareholders:    
Basic (Note 5) (in dollars per share)$ 0.25$ 0.44$ 1.60$ 0.72
Diluted (Note 5) (in dollars per share)$ 0.24$ 0.43$ 1.58$ 0.71
Net income attributable to Corning Incorporated$ 208$ 371$ 1,352$ 1,419
Series A convertible preferred stock dividend  (24)
Excess consideration paid for redemption of preferred shares (1)[1]  (803)
Net income available to common shareholders$ 208$ 371$ 1,352$ 592
[1]Refer to Note 4 (Earnings (Loss) per Common Share) and Note 12 (Shareholders' Equity) to the consolidated financial statements for additional information.

GLW Balance Sheet

2022-09-30
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,630$ 2,148
Trade accounts receivable, net of doubtful accounts - $39 and $421,6202,004
Inventories, net (Note 6)2,9512,481
Other current assets1,6031,026
Total current assets7,8047,659
Property, plant and equipment, net of accumulated depreciation - $13,348 and $13,96914,64515,804
Goodwill, net2,3682,421
Other intangible assets, net1,0491,148
Deferred income taxes (Note 4)9981,066
Other assets1,8712,056
Total Assets28,73530,154
Current liabilities:  
Current portion of long-term debt and short-term borrowings (Note 8)20855
Accounts payable1,8081,612
Other accrued liabilities (Note 7 and Note 10)3,1513,139
Total current liabilities5,1674,806
Long-term debt (Note 8)6,5256,989
Postretirement benefits other than pensions (Note 9)585622
Other liabilities (Note 7 and Note 10)4,9105,192
Total liabilities17,18717,609
Commitments and contingencies (Note 10)
Shareholders’ equity (Note 13):  
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion910907
Additional paid-in capital – common stock16,64916,475
Retained earnings17,04416,389
Treasury stock, at cost; Shares held: 977 million and 970 million(20,528)(20,263)
Accumulated other comprehensive loss(2,791)(1,175)
Total Corning Incorporated shareholders’ equity11,28412,333
Non-controlling interests264212
Total equity11,54812,545
Total Liabilities and Equity$ 28,735$ 30,154