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Corning (DE:GLW)
XETRA:GLW
Corning (GLW) Stock Price & Analysis
4 Followers
GLW Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€23.51 - €31.75
Previous Close€29.52
Volume0.00
Average Volume (3M)363.00
Market Cap
€25.18B
Enterprise Value€32.36B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$7.53B
Price to Earnings (P/E)N/A
Beta0.76
Next Earnings
Apr 30, 2024EPS Estimate
€0.33Next Dividend Ex-DateN/A
Dividend Yield3.57%
Share Statistics
EPS (TTM)N/A
Shares Outstanding853,474,317
10 Day Avg. Volume49
30 Day Avg. Volume363
Standard Deviation0.07
R-Squared0.33
Alpha0.00625
Financial Highlights & Ratios
Price to Book (P/B)3.24
Price to Sales (P/S)8.41
Price to Cash Flow (P/CF)9.40
P/FCF Ratio12.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.57
Enterprise Value/Gross Profit8.23
Enterprise Value/Ebitda15.54
Forecast
1Y Price Target
€32.07Price Target Upside8.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Corning News
PremiumPre-Earnings
Is GLW a Buy, Before Earnings?
PremiumCompany Announcements
Corning CFO to Speak at Morgan Stanley Conference
PremiumPress Releases
Corning Announces Quarterly Dividend
Bulls Say, Bears Say
Bulls Say
Financial ForecastOptimism around sales recovery with a price objective increase to $36.
Industry TrendCompetitors such as Asahi and NEG are likely to follow Corning's lead in raising prices, indicating an industry trend.
Market PositionAnalyst reiterates Buy rating on the company as more content in end devices will allow the company to grow revenue in excess of its end markets.
Bears Say
Demand And Supply DynamicsOmdia expects panel demand to slow, and panel makers are anticipated to lower their fab utilization rates.
Pricing ChallengesPanel makers are currently losing money, which could make it difficult for Corning to successfully implement the needed price increases.
Profitability ConcernsCorning's profitability from Display is expected to decline with the best case scenario being flat compared to the current year.
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Options Prices
Currently, No data available
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Ownership Overview
0.00% Insiders
0.00% Mutual Funds
2.45% Other Institutional Investors
97.55% Public Companies and
Individual Investors
GLW FAQ
What was Corning’s price range in the past 12 months?
Corning lowest stock price was €23.51 and its highest was €31.75 in the past 12 months.
What is Corning’s market cap?
Currently, no data Available
When is Corning’s upcoming earnings report date?
Corning’s upcoming earnings report date is Apr 30, 2024 which is in 2 days.
How were Corning’s earnings last quarter?
Corning released its earnings results on Jan 30, 2024. The company reported €0.364 earnings per share for the quarter, missing the consensus estimate of €0.367 by -€0.003.
Is Corning overvalued?
According to Wall Street analysts Corning’s price is currently Undervalued.
Does Corning pay dividends?
Corning does not currently pay dividends.
What is Corning’s EPS estimate?
Corning’s EPS estimate is €0.33.
How many shares outstanding does Corning have?
Currently, no data Available
What happened to Corning’s price movement after its last earnings report?
Corning reported an EPS of €0.364 in its last earnings report, missing expectations of €0.367. Following the earnings report the stock price went down -1.358%.
Which hedge fund is a major shareholder of Corning?
Among the largest hedge funds holding Corning’s share is PRIMECAP Management Co. It holds Corning’s shares valued at 264M.
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Corning Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
€32.07 (8.65% Upside)
€32.07 (8.65% Upside)
Blogger Sentiment
Bullish
DE:GLW Sentiment 100%
Sector Average 72%
Sector Average 72%
Insider Transactions
Sold Shares
Worth $4.3M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
0.72%
12-Months-Change
Fundamentals
Return on Equity
4.93%
Trailing 12-Months
Asset Growth
-3.39%
Trailing 12-Months
Company Description
Corning
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
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GLW Company Deck
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GLW Earnings Call
Q4 2024
0:00 / 0:00
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GLW Stock 12 Months Forecast
Average Price Target
€32.07
▲(8.65% Upside)
Technical Analysis
Best Analysts Covering GLW
1 Year
1 Year Success Rate
10/18 ratings generated profit
1 Year Average Return
+11.21%
reiterated a buy rating 24 days ago
Copying Asiya Merchant's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +11.21% per trade.
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