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Corning Inc Stock Research

GLW

31.19USD-0.43(-1.36%)Market Closed
Watchlist

Market Summary

USD31.19-0.43
Market Closed
-1.36%

GLW Alerts

GLW Stock Price

GLW RSI Chart

GLW Valuation

Market Cap

26.5B

Price/Earnings (Trailing)

28.4

Price/Sales (Trailing)

1.93

EV/EBITDA

12.61

Price/Free Cashflow

13.02

GLW Price/Sales (Trailing)

GLW Profitability

Operating Margin

30.88%

EBT Margin

9.07%

Return on Equity

7.82%

Return on Assets

3.23%

Free Cashflow Yield

7.68%

GLW Fundamentals

GLW Revenue

Revenue (TTM)

13.3B

Revenue Y/Y

-10.29%

Revenue Q/Q

2.05%

GLW Earnings

Earnings (TTM)

644.0M

Earnings Y/Y

-50.09%

Earnings Q/Q

47.12%

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

Current Ratio

1.44

Debt/Equity

0.56

Debt/Cashflow

0.3

GLW Investor Care

Dividend Yield

5.31%

Dividend/Share (TTM)

1.68

Diluted EPS (TTM)

0.73

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for GLW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold GLW recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

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

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

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
39.5B
16.4B
-2.21% 3.59%
19.13
2.42
3.93% -17.82%
28.0B
22.4B
3.76% 24.97%
25.99
1.25
-2.39% 6.56%
26.5B
13.3B
-1.19% 0.56%
28.4
1.93
-8.71% -68.18%
23.6B
5.6B
2.28% -19.41%
20.88
4.22
6.17% 2.08%
14.1B
35.3B
4.34% 81.92%
14.42
0.4
10.73% 14.25%
-
5.5B
-11.85% -17.44%
-
-
-5.22% 30.78%
MID-CAP
7.8B
1.3B
-4.46% 13.68%
35.71
6.08
2.12% 9.33%
6.3B
2.5B
-2.77% 20.45%
19.3
2.54
6.83% -6.01%
5.6B
2.6B
31.67% 58.01%
22.44
2.1
16.93% 23.72%
4.1B
2.7B
11.53% 49.78%
13.92
1.53
6.82% 239.88%
SMALL-CAP
1.4B
692.6M
-7.91% 16.25%
-6.95
1.98
-19.15% -88.42%
1.3B
585.4M
-4.27% -2.57%
22.64
2.24
6.90% 364.82%
1.1B
391.4M
8.18% 31.07%
-16.03
2.88
20.49% 23.51%
842.9M
3.0B
-5.96% -7.84%
12.69
0.29
14.83% 36.44%
839.8M
168.6M
8.55% -24.39%
25.28
4.98
24.14% 88.79%

Corning News

MarketWatch
Corning Inc. stock outperforms market despite losses on the day.
MarketWatch,
30 minutes ago
Yahoo Finance
Nasdaq

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-2.7%13,31513,68714,18914,45914,58614,47214,08213,75613,14212,20211,30310,77010,70311,08211,50311,72111,79511,60211,29010,89210,491
Cost Of Revenue-1.5%9,3229,4619,6839,5979,4659,2829,0198,7518,4578,0767,7727,5987,5157,5857,4687,3387,1976,9976,8296,6016,382
Gross Profit-5.5%3,9934,2264,5064,8625,1215,1905,0635,0054,6854,1263,5313,1723,1883,4974,0354,3834,5984,6054,4614,2914,109
  S&GA Expenses-2.4%1,8391,8851,8981,8571,8821,8611,8271,8221,8161,7521,7471,6771,5661,5791,5851,6311,7011,6991,7991,7531,689
  R&D Expenses2.2%1,0761,0531,0471,0461,0191,0219959479271,1151,1541,2001,2241,0431,0311,0181,0071,001993969940
EBITDA-100.0%-2,5393,1263,7173,9203,9844,036--1,8549215585167811,4641,7502,100----
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%9011,2421,7972,3782,6112,3822,4262,1802,1371,5676343102685331,2161,5451,8952,5431,5031,7231,444
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%6449261,3161,8612,0241,9151,9061,6781,7341,2155122982083789601,2391,5272,1661,075-629-864
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%-2,0322,6153,0213,2103,2233,4123,1632,8762,6552,1802,4242,7052,3082,031------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.6%28,64528,82229,49928,73529,71830,25730,15429,70629,80630,14330,77530,26727,54627,85928,89827,32927,57527,32127,50526,39226,140
  Current Assets6.0%7,2936,8777,4537,8047,8837,8617,6597,6797,6488,1038,0048,0586,8466,9467,4636,1566,3116,3497,0346,6326,484
    Cash Equivalents34.2%1,5381,1461,6711,6301,6292,0162,1482,2122,3202,8682,6722,5142,1582,0252,4349711,1781,4562,3551,9032,023
  Inventory-3.7%2,7572,8632,9042,9512,8352,6182,4812,4632,3872,3612,4812,5812,2352,3472,3202,3372,2912,1902,0371,9211,896
  Net PPE-3.0%14,68115,13715,37114,64515,35015,78015,80415,38315,45515,36415,74215,44914,69114,93215,33715,08315,13714,87814,89514,34514,201
  Goodwill-0.5%2,3822,3942,3942,3682,3892,4082,4212,4252,4332,4292,4602,4271,9251,9181,9351,9241,9381,9301,9361,9301,918
Liabilities1.9%16,93516,61517,22417,18717,73617,62817,60917,35117,66416,58517,32717,41015,41315,57215,90114,19514,05413,61513,61912,41412,189
  Current Liabilities-7.6%4,4114,7735,1755,1675,5305,0614,8064,3374,6243,5133,7673,8493,0203,1913,5213,6003,4163,0593,3113,1122,908
  Long Term Debt11.8%7,4376,6546,6876,5006,7006,8397,0007,0197,0007,7007,8167,8227,7977,8007,7296,2256,0806,0185,9945,0565,099
Shareholder's Equity-6.5%11,41212,20712,00811,28411,98212,62912,54512,35512,14213,55813,44812,85712,13312,28712,99713,13413,52113,70613,88613,97813,951
  Retained Earnings-1.2%16,50916,71316,77817,04416,83716,73716,38916,11015,73916,50916,12016,06515,84716,11416,40816,55516,39916,48916,30316,18615,731
  Additional Paid-In Capital0.4%16,81716,74616,68216,64916,59016,53116,47516,39816,35214,72214,64214,49414,39814,34014,32314,29514,27714,24314,21214,20114,158
Accumulated Depreciation-0.5%14,17114,23914,14713,34813,49914,01013,96913,85713,65713,51413,66313,87413,47613,18712,99512,73112,50612,13611,93211,36811,259
Minority Interest5.7%29828226726424823421221018218919119784.0089.0090.0010096.0099.0094.0088.0074.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-6.8%1,8932,0322,6153,0213,2103,2233,4123,1632,8762,6552,1802,4242,7052,3082,0311,9542,0082,5702,9192,8662,568
  Share Based Compensation4.3%19318517521820519819019722023520715052.00-56.0052.0060.00-51.00--
Cashflow From Investing0.2%-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 Financing58.3%-635-1,522-1,649-1,892-2,241-2,637-2,452-2,304-1,846-825-729371-57.00252-47.00-712-679-1,429-1,995-2,145-2,064
  Buy Backs-40.00-22147347456327442.00--1053376387889401,0551,1511,6842,2272,2682,890

GLW Income Statement

2023-06-30
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended6 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 sales2,2302,3694,4054,766
Gross margin1,0131,2462,0162,529
Operating expenses:    
Selling, general and administrative expenses440486861920
Research, development and engineering expenses263240517488
Amortization of purchased intangibles31306261
Operating income2794905761,060
Interest income83156
Interest expense(81)(72)(157)(143)
Translated earnings contract gain, net (Note 10)116196108325
Other income, net8713395285
Income before income taxes4097506371,533
Provision for income taxes (Note 3)(106)(166)(143)(346)
Net income3035844941,187
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

2023-06-30
Consolidated 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 $401,6741,721
Inventories (Note 5)2,7572,904
Other current assets1,3241,157
Total current assets7,2937,453
Property, plant and equipment, net of accumulated depreciation - $14,171 and $14,14714,68115,371
Goodwill, net2,3822,394
Other intangible assets, net9721,029
Deferred income taxes (Note 3)1,0831,073
Other assets2,2342,179
Total Assets28,64529,499
Current liabilities:  
Current portion of long-term debt and short-term borrowings187224
Accounts payable1,5191,804
Other accrued liabilities (Notes 6 and 9)2,7053,147
Total current liabilities4,4115,175
Long-term debt (Note 7)7,4376,687
Postretirement benefits other than pensions (Note 8)407407
Other liabilities (Notes 6 and 9)4,6804,955
Total liabilities16,93517,224
Commitments and contingencies (Note 9)
Shareholders’ equity (Note 12):  
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion915910
Additional paid-in capital – common stock16,81716,682
Retained earnings16,50916,778
Treasury stock, at cost; Shares held: 980 million and 977 million(20,630)(20,532)
Accumulated other comprehensive loss(2,199)(1,830)
Total Corning Incorporated shareholders’ equity11,41212,008
Non-controlling interest298267
Total equity11,71012,275
Total Liabilities and Equity$ 28,645$ 29,499
Wendell P. Weeks
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.