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GLW

GLW - Corning Inc Stock Price, Fair Value and News

30.90USD-0.08 (-0.26%)Market Closed

Market Summary

GLW
USD30.90-0.08
Market Closed
-0.26%

GLW Alerts

  • 1 major insider sales recently.

GLW Stock Price

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GLW RSI Chart

GLW Valuation

Market Cap

26.4B

Price/Earnings (Trailing)

44.06

Price/Sales (Trailing)

2.1

EV/EBITDA

15.45

Price/Free Cashflow

13.17

GLW Price/Sales (Trailing)

GLW Profitability

Operating Margin

31.23%

EBT Margin

6.48%

Return on Equity

5.19%

Return on Assets

2.1%

Free Cashflow Yield

7.59%

GLW Fundamentals

GLW Revenue

Revenue (TTM)

12.6B

Rev. Growth (Yr)

-12.1%

Rev. Growth (Qtr)

-5.64%

GLW Earnings

Earnings (TTM)

599.5M

Earnings Growth (Yr)

-1.74%

Earnings Growth (Qtr)

-135.67%

Breaking Down GLW Revenue

52 Week Range

29.5036.02
(Low)(High)

Last 7 days

-3.1%

Last 30 days

-4.3%

Last 90 days

2.6%

Trailing 12 Months

-10.3%

How does GLW drawdown profile look like?

GLW Financial Health

Current Ratio

1.67

Debt/Equity

0.62

Debt/Cashflow

0.28

GLW Investor Care

Dividend Yield

3.62%

Dividend/Share (TTM)

1.12

Shares Dilution (1Y)

0.82%

Diluted EPS (TTM)

0.68

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202313.7B13.3B13.0B12.6B
202214.5B14.6B14.5B14.2B
202112.2B13.1B13.8B14.1B
202011.1B10.7B10.8B11.3B
201911.6B11.8B11.7B11.5B
201810.2B10.5B10.9B11.3B
20179.7B9.9B10.0B10.1B
20168.9B8.9B9.1B9.4B
20159.7B9.6B9.3B9.1B
20148.3B8.8B9.3B9.7B
20137.9B8.0B8.0B7.8B
20127.9B7.8B7.8B8.0B
20117.0B7.3B7.8B7.9B
20106.0B6.3B6.4B6.6B
20095.3B5.0B4.9B5.4B
200805.9B5.9B5.9B
20070005.9B
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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 15, 2024
bayne john p jr
sold (taxes)
-278,731
31.29
-8,908
svp &gm, mobile consumer elec.
Apr 15, 2024
schlesinger edward a
sold (taxes)
-150,505
31.29
-4,810
exec. vice president and cfo
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
Apr 15, 2024
bell michael alan
sold (taxes)
-237,741
31.29
-7,598
senior vp & gm, optical comm.

1–10 of 50

Which funds bought or sold GLW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 16, 2024
MCF Advisors LLC
unchanged
-
1,567
20,568
 -%
Apr 16, 2024
Pinnacle Bancorp, Inc.
unchanged
-
3,137
41,200
 0.01%
Apr 16, 2024
COURIER CAPITAL LLC
added
20.45
221,251
949,676
 0.07%
Apr 16, 2024
Stratos Wealth Partners, LTD.
added
23.05
166,217
666,982
 0.01%
Apr 16, 2024
TOTH FINANCIAL ADVISORY CORP
unchanged
-
1,255
16,480
 -%
Apr 16, 2024
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC.
added
5.62
310,000
2,469,000
 1.88%
Apr 16, 2024
NovaPoint Capital, LLC
reduced
-8.54
-21,204
2,103,940
 0.74%
Apr 16, 2024
FIDELITY D & D BANCORP INC
new
-
200,858
200,858
 0.15%
Apr 16, 2024
Norwood Financial Corp
unchanged
-
500
6,590
 0.01%
Apr 16, 2024
Cambridge Advisors Inc.
reduced
-4.04
43,676
1,173,310
 0.28%

1–10 of 50

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

Unveiling Corning Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading

Peers (Alternatives to Corning Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
AAPL
2.6T
385.7B
 -3.29% 0.92%
25.71
6.73
 -0.47% 6.03%
APH
66.9B
12.6B
 1.74% 42.18%
34.69
5.33
 -0.54% 1.35%
FTV
28.2B
6.1B
 -5.88% 19.40%
32.55
4.65
 4.11% 14.65%
GLW
26.4B
12.6B
 -4.27% -10.29%
44.06
2.1
 -11.28% -55.18%
FLEX
11.8B
29.4B
 2.52% 28.51%
15.71
0.4
 -1.12% -8.06%
MID-CAP
CGNX
6.7B
837.5M
 -2.29% -20.65%
59.43
8.04
 -16.75% -47.46%
ARW
6.6B
33.1B
 3.71% 3.52%
7.25
0.2
 -10.82% -36.63%
BMI
4.5B
703.6M
 -0.89% 26.62%
48.5
6.38
 24.40% 39.25%
AVT
4.2B
25.6B
 1.02% 8.42%
6.28
0.16
 -2.73% -21.96%
ESE
2.5B
968.8M
 -1.69% 0.99%
26.96
2.59
 9.35% 8.73%
SMALL-CAP
CNXN
1.6B
2.9B
 -2.29% 37.71%
19.57
0.57
 -8.78% -6.67%
BHE
1.1B
2.8B
 3.16% 34.12%
16.7
0.38
 -1.64% -5.74%
GPRO
271.4M
1.0B
 -18.43% -61.61%
-5.1
0.27
 -8.05% -284.36%
CPSH
25.3M
26.9M
 -2.76% -34.57%
18.44
0.92
 3.62% -35.71%
AEY
14.9K
56.7M
 -85.71% -99.91%
0
3e-4
 -41.04% -726.48%

Corning Inc News

Latest updates
MarketBeat • 4 hours ago
Investors Buy Large Volume of Corning Call Options (NYSE:GLW)
Defense World • 10 hours ago
Mutual of America Capital Management LLC Decreases Stake in Corning Incorporated (NYSE:GLW)
MarketWatch • 23 hours ago
Corning Inc. stock outperforms competitors on strong trading day
Yahoo Canada Finance • 30 hours ago
Why Corning (GLW) is a Top Value Stock for the Long-Term
MarketBeat • 35 hours ago
Corning Incorporated (NYSE:GLW) Shares Sold by River Road Asset Management LLC
Seeking Alpha • 16 Apr 2024 • 02:32 am
Corning Stock: Near-Term Weakness But Considerable Long-Term Opportunities (NYSE:GLW)
MarketWatch • 15 Apr 2024 • 09:04 pm
Corning Inc. stock outperforms competitors despite losses on the day
Yahoo Finance • 28 Feb 2024 • 08:00 am
What Is Corning Incorporated's (NYSE:GLW) Share Price Doing?
Forbes • 2 months ago
Should You Pick Corning Stock At $32 After Q4 Beat?
Simply Wall St • 2 months ago
The Price Is Right For Corning Incorporated (NYSE:GLW)

Corning Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-5.6%2,9943,1733,2433,1783,4063,4883,6153,6803,6763,6153,5013,2903,3503,0012,5612,3912,8172,9342,9402,8123,035
Cost Of Revenue-4.0%2,0832,1692,2302,1752,4912,4262,3692,3972,4052,2942,1862,1342,1372,0001,8051,8301,9631,9171,8751,7131,833
Gross Profit-9.3%9111,0041,0131,0039151,0621,2461,2831,2711,3211,3151,1561,2131,0017565618541,0171,0651,0991,202
  S&GA Expenses9.8%514468440421517461486434476486465400471480401395401369414401447
  R&D Expenses7.0%289270263254281278240248280251242222232231430261278255249249265
EBITDA Margin1.2%0.16*0.16*0.16*0.18*0.22*0.26*0.27*0.26*0.27*0.26*0.27*0.24*---------
Income Taxes-128.6%-10.0035.0010637.0031.0034.0016618089.0010967.0022678.0023.0022.00-12.00-3.0071.0012452.0054.00
Earnings Before Taxes-117.5%-38.002174092284.00260750783586493521825341450-49.00-10817.00408216575346
EBT Margin-1.8%0.06*0.07*0.07*0.09*0.13*0.16*0.18*0.16*0.17*0.16*0.16*0.13*---------
Net Income-135.7%-58.50164303191-57.50208584603484371454601249427-65.00-96.0023.00337105505292
Net Income Margin3.1%0.05*0.05*0.05*0.07*0.09*0.13*0.14*0.13*0.14*0.12*0.13*0.10*---------
Free Cashflow-1.2%713722619-49.006177067585341,023895771723---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.8%28,50028,27828,64528,82229,49928,73529,71830,25730,15429,70629,80630,14330,77530,26727,54627,85928,89827,32927,57527,32127,505
  Current Assets-1.2%7,2127,2987,2936,8777,4537,8047,8837,8613,1637,6797,6488,1033,4348,0586,8466,9463,3016,1566,3116,3493,065
    Cash Equivalents8.5%1,7791,6391,5381,1461,6711,6301,6292,0162,1482,2122,3202,8682,6722,5142,1582,0252,4349711,1781,4562,355
  Inventory0.4%2,6662,6552,7572,8632,9042,9512,8352,6182,4812,4632,3872,3612,4812,5812,2352,3472,3202,3372,2912,1902,037
  Net PPE1.5%14,63014,40714,68115,13715,37114,64515,35015,7801,42615,38315,45515,3641,46315,44914,69114,9321,76415,08315,13714,8781,928
  Goodwill0.3%2,3802,3722,3822,3942,3942,3682,3892,4082,4212,4252,4332,4292,4602,4271,9251,9181,9351,9241,9381,9301,936
Liabilities0.6%16,63216,53416,93516,61517,22417,18717,73617,62817,60917,35117,66416,58517,32717,41015,41315,57215,90114,19514,05413,61513,619
  Current Liabilities0.8%4,3194,2854,4114,7735,1755,1675,5305,0614,8064,3374,6243,5133,7673,8493,0203,1913,5213,6003,4163,0593,311
  Long Term Debt0.1%7,2067,2007,4376,7006,6876,5006,6776,8396,9897,0197,0007,7007,8167,8227,8007,8007,7296,2006,0806,0185,994
Shareholder's Equity1.1%11,55111,43011,71012,20712,00811,54811,98212,62912,54512,35512,14213,55813,44812,85712,13312,28712,99713,13413,52113,70613,886
  Retained Earnings-1.7%16,39116,67316,50916,71316,77817,04416,83716,73716,38916,11015,73916,50916,12016,06515,84716,11416,40816,55516,39916,48916,303
  Additional Paid-In Capital0.3%16,92916,87716,81716,74616,68216,64916,59016,53116,47516,39816,35214,72214,64214,49414,39814,34014,32314,29514,27714,24314,212
Accumulated Depreciation2.1%14,55314,25714,17114,23914,14713,34813,49914,01013,96913,85713,65713,51413,66313,87413,47613,18712,99512,73112,50612,13611,932
Minority Interest1.0%31731429828226726424823421221018218919119784.0089.0090.0010096.0099.0094.00
Float---30,000---26,000---35,000---19,000---25,000--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-1.2%713722619-49.006177067585341,0238957717237746085502481,018889153-29.00941
  Share Based Compensation-12.3%50.0057.0059.0052.0030.0052.0051.0042.0073.0039.0044.0034.0080.0062.00--13.0013.00---
Cashflow From Investing9.8%-230-255-287-228-386-402-289-278-616-388-127-288-378-148-245-539-357-500-551-483-621
Cashflow From Financing-2.0%-363-35684.00-248-219-252-803-375-462-601-1,199-190-314-143-178-94.00786-571131-393121
  Buy Backs------20.0052.0014925221.00-----105232301150257347

GLW Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales$ 12,588$ 14,189$ 14,082
Cost of sales8,6579,6839,019
Gross margin3,9314,5065,063
Operating expenses:   
Selling, general and administrative expenses1,8431,8981,827
Research, development and engineering expenses1,0761,047995
Amortization of purchased intangibles122123129
Operating income8901,4382,112
Interest income381511
Interest expense(329)(292)(300)
Translated earnings contract gain, net (Note 13)161351354
Other income, net56285249
Income before income taxes8161,7972,426
Provision for income taxes (Note 6)(168)(411)(491)
Net income6481,3861,935
Net income attributable to non-controlling interest(67)(70)(29)
Net income attributable to Corning Incorporated$ 581$ 1,316$ 1,906
Earnings per common share available to common shareholders:   
Basic (Note 15) (in dollars per share)$ 0.69$ 1.56$ 1.3
Diluted (Note 15) (in dollars per share)$ 0.68$ 1.54$ 1.28
Net income attributable to Corning Incorporated$ 581$ 1,316$ 1,906
Series A convertible preferred stock dividend  (24)
Excess consideration paid for redemption of preferred stock (1)[1],[2]  (803)
Net income available to common shareholders$ 581$ 1,316$ 1,079
[1]Refer to Note 14 (Shareholders’ Equity) in the accompanying notes to the consolidated financial statements for additional information.
[2]Refer to Note 14 (Shareholders’ Equity) in the notes to the consolidated financial statements for more information.

GLW Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 1,779$ 1,671
Trade accounts receivable, net of doubtful accounts - $30 and $401,5721,721
Inventories (Note 4)2,6662,904
Other current assets (Notes 9 and 13)1,1951,157
Total current assets7,2127,453
Property, plant and equipment, net of accumulated depreciation - $14,553 and $14,147 (Note 7)[1]14,63015,371
Goodwill (Note 8)2,3802,394
Other intangible assets, net (Note 8)9051,029
Deferred income taxes (Note 6)1,1531,073
Other assets (Notes 9 and 13)2,2202,179
Total Assets28,50029,499
Current liabilities:  
Current portion of long-term debt and short-term borrowings (Note 10)320224
Accounts payable1,4661,804
Other accrued liabilities (Notes 9 and 12)2,5333,147
Total current liabilities4,3195,175
Long-term debt (Note 10)7,2066,687
Postretirement benefits other than pensions (Note 11)398407
Other liabilities (Notes 9 and 12)4,7094,955
Total liabilities16,63217,224
Commitments and contingencies (Note 12)
Shareholders’ equity (Note 14):  
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion916910
Additional paid-in capital – common stock16,92916,682
Retained earnings16,39116,778
Treasury stock, at cost; Shares held: 980 million and 977 million(20,637)(20,532)
Accumulated other comprehensive loss(2,048)(1,830)
Total Corning Incorporated shareholders’ equity11,55112,008
Non-controlling interest317267
Total equity11,86812,275
Total Liabilities and Equity$ 28,500$ 29,499
[1]Approximately $40 million, $48 million and $36 million of interest costs were capitalized as part of property, plant and equipment during the years ended December 31, 2023, 2022 and 2021, respectively.

About Corning Inc

GLW
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
 WEBSITEcorning.com
 INDUSTRYConsumer Electronics
 EMPLOYEES57500

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 Wed Apr 17 2024, market cap of Corning Inc is 26.42 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 Wed Apr 17 2024, GLW's PE ratio (Price to Earnings) is 44.06 and Price to Sales (PS) ratio is 2.1. 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 0.063 (multiply by 100 for percentage) rate of return.