Market Summary
USD31.19-0.43
Market Closed-1.36%
GLW Stock Price
GLW RSI Chart
GLW Valuation
GLW Price/Sales (Trailing)
GLW Profitability
GLW Fundamentals
GLW Revenue
GLW Earnings
Price Action
52 Week Range
28.7537.10
(Low)(High)
Last 7 days
1.2%
Last 30 days
-1.2%
Last 90 days
-8.2%
Trailing 12 Months
0.6%
GLW Financial Health
GLW Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for GLW
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | Capps Cheryl C | back to issuer | - | - | -50,000 | svp & chief supply chain off. |
2023-08-31 | Capps Cheryl C | sold (taxes) | -31,671 | 32.82 | -965 | svp & chief supply chain off. |
2023-08-31 | Capps Cheryl C | acquired | - | - | 2,170 | svp & chief supply chain off. |
2023-07-26 | STEVERSON LEWIS A | acquired | 62,270 | 19.65 | 3,169 | evp and clao |
2023-07-26 | WEEKS WENDELL P | sold | -3,378,000 | 33.78 | -100,000 | chairman and ceo |
2023-07-26 | STEVERSON LEWIS A | sold | -572,324 | 34.2504 | -16,710 | evp and clao |
2023-07-20 | Capps Cheryl C | sold (taxes) | -737,482 | 33.19 | -22,220 | svp & chief supply chain off. |
2023-07-17 | Schlesinger Edward A | sold (taxes) | -137,222 | 33.6 | -4,084 | exec. vice president and cfo |
2023-07-17 | Amin Jaymin | sold (taxes) | -343,056 | 33.6 | -10,210 | svp and chief tech. officer |
2023-07-10 | Kammerud Jordana Daryl | acquired | - | - | 72,816 | senior vice president & chro |
Which funds bought or sold GLW recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | -1,440 | 210,240 | 0.09% |
2023-09-13 | CGC Financial Services, LLC | new | - | 4,555 | 4,555 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -16.05 | -72,414 | 363,365 | 0.08% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 6,024,640 | 6,024,640 | 0.32% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 1,069,220 | 1,069,220 | 0.20% |
2023-08-30 | Western Wealth Management, LLC | added | 38.68 | 243,064 | 887,020 | 0.08% |
2023-08-28 | DT Investment Partners, LLC | new | - | 1,036,800 | 1,036,800 | 0.12% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 23.98 | 488,855 | 2,601,640 | 0.58% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -3,792 | 553,632 | -% |
2023-08-24 | Harvest Investment Advisors, LLC | added | 0.94 | 3,198 | 1,258,710 | 1.08% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Corning
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Recent SEC filings of Corning
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 05, 2023 | 8-K | Current Report | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | 4 | Insider Trading | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jul 26, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 26, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 25, 2023 | 8-K | Current Report | |
| Jul 21, 2023 | 4 | Insider Trading | |
| Jul 19, 2023 | 4 | Insider Trading |
Peers (Alternatives to Corning)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
TEL | 39.5B | 16.4B | -2.21% | 3.59% | 19.13 | 2.42 | 3.93% | -17.82% |
CDW | 28.0B | 22.4B | 3.76% | 24.97% | 25.99 | 1.25 | -2.39% | 6.56% |
GLW | 26.5B | 13.3B | -1.19% | 0.56% | 28.4 | 1.93 | -8.71% | -68.18% |
KEYS | 23.6B | 5.6B | 2.28% | -19.41% | 20.88 | 4.22 | 6.17% | 2.08% |
JBL | 14.1B | 35.3B | 4.34% | 81.92% | 14.42 | 0.4 | 10.73% | 14.25% |
ZBRA | - | 5.5B | -11.85% | -17.44% | - | - | -5.22% | 30.78% |
| MID-CAP | ||||||||
DLB | 7.8B | 1.3B | -4.46% | 13.68% | 35.71 | 6.08 | 2.12% | 9.33% |
LFUS | 6.3B | 2.5B | -2.77% | 20.45% | 19.3 | 2.54 | 6.83% | -6.01% |
FN | 5.6B | 2.6B | 31.67% | 58.01% | 22.44 | 2.1 | 16.93% | 23.72% |
BDC | 4.1B | 2.7B | 11.53% | 49.78% | 13.92 | 1.53 | 6.82% | 239.88% |
| SMALL-CAP | ||||||||
KN | 1.4B | 692.6M | -7.91% | 16.25% | -6.95 | 1.98 | -19.15% | -88.42% |
CTS | 1.3B | 585.4M | -4.27% | -2.57% | 22.64 | 2.24 | 6.90% | 364.82% |
PAR | 1.1B | 391.4M | 8.18% | 31.07% | -16.03 | 2.88 | 20.49% | 23.51% |
BHE | 842.9M | 3.0B | -5.96% | -7.84% | 12.69 | 0.29 | 14.83% | 36.44% |
NSSC | 839.8M | 168.6M | 8.55% | -24.39% | 25.28 | 4.98 | 24.14% | 88.79% |
Corning News
Returns for GLW
Cumulative Returns on GLW
10.5%
10-Year Cumulative Returns
7.1%
7-Year Cumulative Returns
-0.2%
5-Year Cumulative Returns
1.2%
3-Year Cumulative Returns
Risks for GLW
What is the probability of a big loss on GLW?
73.1%
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
Financials for Corning
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -2.7% | 13,315 | 13,687 | 14,189 | 14,459 | 14,586 | 14,472 | 14,082 | 13,756 | 13,142 | 12,202 | 11,303 | 10,770 | 10,703 | 11,082 | 11,503 | 11,721 | 11,795 | 11,602 | 11,290 | 10,892 | 10,491 |
| Cost Of Revenue | -1.5% | 9,322 | 9,461 | 9,683 | 9,597 | 9,465 | 9,282 | 9,019 | 8,751 | 8,457 | 8,076 | 7,772 | 7,598 | 7,515 | 7,585 | 7,468 | 7,338 | 7,197 | 6,997 | 6,829 | 6,601 | 6,382 |
| Gross Profit | -5.5% | 3,993 | 4,226 | 4,506 | 4,862 | 5,121 | 5,190 | 5,063 | 5,005 | 4,685 | 4,126 | 3,531 | 3,172 | 3,188 | 3,497 | 4,035 | 4,383 | 4,598 | 4,605 | 4,461 | 4,291 | 4,109 |
| S&GA Expenses | -2.4% | 1,839 | 1,885 | 1,898 | 1,857 | 1,882 | 1,861 | 1,827 | 1,822 | 1,816 | 1,752 | 1,747 | 1,677 | 1,566 | 1,579 | 1,585 | 1,631 | 1,701 | 1,699 | 1,799 | 1,753 | 1,689 |
| R&D Expenses | 2.2% | 1,076 | 1,053 | 1,047 | 1,046 | 1,019 | 1,021 | 995 | 947 | 927 | 1,115 | 1,154 | 1,200 | 1,224 | 1,043 | 1,031 | 1,018 | 1,007 | 1,001 | 993 | 969 | 940 |
| EBITDA | -100.0% | - | 2,539 | 3,126 | 3,717 | 3,920 | 3,984 | 4,036 | - | - | 1,854 | 921 | 558 | 516 | 781 | 1,464 | 1,750 | 2,100 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.19* | 0.22* | 0.26* | 0.27* | 0.28* | 0.29* | - | - | 0.15* | 0.08* | 0.05* | 0.05* | 0.07* | 0.13* | 0.15* | 0.18* | - | - | - | - |
| Earnings Before Taxes | -27.5% | 901 | 1,242 | 1,797 | 2,378 | 2,611 | 2,382 | 2,426 | 2,180 | 2,137 | 1,567 | 634 | 310 | 268 | 533 | 1,216 | 1,545 | 1,895 | 2,543 | 1,503 | 1,723 | 1,444 |
| EBT Margin | -100.0% | - | 0.09* | 0.13* | 0.16* | 0.18* | 0.16* | 0.17* | 0.16* | 0.16* | 0.13* | 0.06* | 0.03* | 0.03* | 0.05* | 0.11* | - | - | - | - | - | - |
| Net Income | -30.5% | 644 | 926 | 1,316 | 1,861 | 2,024 | 1,915 | 1,906 | 1,678 | 1,734 | 1,215 | 512 | 298 | 208 | 378 | 960 | 1,239 | 1,527 | 2,166 | 1,075 | -629 | -864 |
| Net Income Margin | -100.0% | - | 0.07* | 0.09* | 0.13* | 0.14* | 0.13* | 0.14* | 0.12* | 0.13* | 0.10* | 0.05* | 0.03* | 0.02* | 0.03* | 0.08* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,032 | 2,615 | 3,021 | 3,210 | 3,223 | 3,412 | 3,163 | 2,876 | 2,655 | 2,180 | 2,424 | 2,705 | 2,308 | 2,031 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.6% | 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 | 27,505 | 26,392 | 26,140 |
| Current Assets | 6.0% | 7,293 | 6,877 | 7,453 | 7,804 | 7,883 | 7,861 | 7,659 | 7,679 | 7,648 | 8,103 | 8,004 | 8,058 | 6,846 | 6,946 | 7,463 | 6,156 | 6,311 | 6,349 | 7,034 | 6,632 | 6,484 |
| Cash Equivalents | 34.2% | 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 | 2,355 | 1,903 | 2,023 |
| Inventory | -3.7% | 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 | 2,037 | 1,921 | 1,896 |
| Net PPE | -3.0% | 14,681 | 15,137 | 15,371 | 14,645 | 15,350 | 15,780 | 15,804 | 15,383 | 15,455 | 15,364 | 15,742 | 15,449 | 14,691 | 14,932 | 15,337 | 15,083 | 15,137 | 14,878 | 14,895 | 14,345 | 14,201 |
| Goodwill | -0.5% | 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 | 1,936 | 1,930 | 1,918 |
| Liabilities | 1.9% | 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 | 13,619 | 12,414 | 12,189 |
| Current Liabilities | -7.6% | 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 | 3,311 | 3,112 | 2,908 |
| Long Term Debt | 11.8% | 7,437 | 6,654 | 6,687 | 6,500 | 6,700 | 6,839 | 7,000 | 7,019 | 7,000 | 7,700 | 7,816 | 7,822 | 7,797 | 7,800 | 7,729 | 6,225 | 6,080 | 6,018 | 5,994 | 5,056 | 5,099 |
| Shareholder's Equity | -6.5% | 11,412 | 12,207 | 12,008 | 11,284 | 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 | 13,886 | 13,978 | 13,951 |
| Retained Earnings | -1.2% | 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 | 16,303 | 16,186 | 15,731 |
| Additional Paid-In Capital | 0.4% | 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 | 14,212 | 14,201 | 14,158 |
| Accumulated Depreciation | -0.5% | 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 | 11,932 | 11,368 | 11,259 |
| Minority Interest | 5.7% | 298 | 282 | 267 | 264 | 248 | 234 | 212 | 210 | 182 | 189 | 191 | 197 | 84.00 | 89.00 | 90.00 | 100 | 96.00 | 99.00 | 94.00 | 88.00 | 74.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -6.8% | 1,893 | 2,032 | 2,615 | 3,021 | 3,210 | 3,223 | 3,412 | 3,163 | 2,876 | 2,655 | 2,180 | 2,424 | 2,705 | 2,308 | 2,031 | 1,954 | 2,008 | 2,570 | 2,919 | 2,866 | 2,568 |
| Share Based Compensation | 4.3% | 193 | 185 | 175 | 218 | 205 | 198 | 190 | 197 | 220 | 235 | 207 | 150 | 52.00 | - | 56.00 | 52.00 | 60.00 | - | 51.00 | - | - |
| Cashflow From Investing | 0.2% | -1,303 | -1,305 | -1,355 | -1,585 | -1,571 | -1,409 | -1,419 | -1,181 | -941 | -1,059 | -1,310 | -1,289 | -1,641 | -1,947 | -1,891 | -2,155 | -2,166 | -2,726 | -2,887 | -2,758 | -2,831 |
| Cashflow From Financing | 58.3% | -635 | -1,522 | -1,649 | -1,892 | -2,241 | -2,637 | -2,452 | -2,304 | -1,846 | -825 | -729 | 371 | -57.00 | 252 | -47.00 | -712 | -679 | -1,429 | -1,995 | -2,145 | -2,064 |
| Buy Backs | - | 40.00 | - | 221 | 473 | 474 | 563 | 274 | 42.00 | - | - | 105 | 337 | 638 | 788 | 940 | 1,055 | 1,151 | 1,684 | 2,227 | 2,268 | 2,890 |
GLW Income Statement
2023-06-30Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net sales | $ 3,243 | $ 3,615 | $ 6,421 | $ 7,295 |
| Cost of sales | 2,230 | 2,369 | 4,405 | 4,766 |
| Gross margin | 1,013 | 1,246 | 2,016 | 2,529 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 440 | 486 | 861 | 920 |
| Research, development and engineering expenses | 263 | 240 | 517 | 488 |
| Amortization of purchased intangibles | 31 | 30 | 62 | 61 |
| Operating income | 279 | 490 | 576 | 1,060 |
| Interest income | 8 | 3 | 15 | 6 |
| Interest expense | (81) | (72) | (157) | (143) |
| Translated earnings contract gain, net (Note 10) | 116 | 196 | 108 | 325 |
| Other income, net | 87 | 133 | 95 | 285 |
| Income before income taxes | 409 | 750 | 637 | 1,533 |
| Provision for income taxes (Note 3) | (106) | (166) | (143) | (346) |
| Net income | 303 | 584 | 494 | 1,187 |
| Net income attributable to non-controlling interest | (22) | (21) | (37) | (43) |
| Net income attributable to Corning Incorporated | $ 281 | $ 563 | $ 457 | $ 1,144 |
| Earnings per common share available to common shareholders: | ||||
| Basic (Note 4) (in dollars per share) | $ 0.33 | $ 0.67 | $ 0.54 | $ 1.36 |
| Diluted (Note 4) (in dollars per share) | $ 0.33 | $ 0.66 | $ 0.53 | $ 1.33 |
GLW Balance Sheet
2023-06-30Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,538 | $ 1,671 |
| Trade accounts receivable, net of doubtful accounts - $29 and $40 | 1,674 | 1,721 |
| Inventories (Note 5) | 2,757 | 2,904 |
| Other current assets | 1,324 | 1,157 |
| Total current assets | 7,293 | 7,453 |
| Property, plant and equipment, net of accumulated depreciation - $14,171 and $14,147 | 14,681 | 15,371 |
| Goodwill, net | 2,382 | 2,394 |
| Other intangible assets, net | 972 | 1,029 |
| Deferred income taxes (Note 3) | 1,083 | 1,073 |
| Other assets | 2,234 | 2,179 |
| Total Assets | 28,645 | 29,499 |
| Current liabilities: | ||
| Current portion of long-term debt and short-term borrowings | 187 | 224 |
| Accounts payable | 1,519 | 1,804 |
| Other accrued liabilities (Notes 6 and 9) | 2,705 | 3,147 |
| Total current liabilities | 4,411 | 5,175 |
| Long-term debt (Note 7) | 7,437 | 6,687 |
| Postretirement benefits other than pensions (Note 8) | 407 | 407 |
| Other liabilities (Notes 6 and 9) | 4,680 | 4,955 |
| Total liabilities | 16,935 | 17,224 |
| Commitments and contingencies (Note 9) | ||
| 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 | 915 | 910 |
| Additional paid-in capital – common stock | 16,817 | 16,682 |
| Retained earnings | 16,509 | 16,778 |
| Treasury stock, at cost; Shares held: 980 million and 977 million | (20,630) | (20,532) |
| Accumulated other comprehensive loss | (2,199) | (1,830) |
| Total Corning Incorporated shareholders’ equity | 11,412 | 12,008 |
| Non-controlling interest | 298 | 267 |
| Total equity | 11,710 | 12,275 |
| Total Liabilities and Equity | $ 28,645 | $ 29,499 |
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.