Corning GLW Stock Price, News & Info The Motley Fool

On average, they expect the company’s stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 24.8% from the stock’s current price. View analysts price targets for GLW or view top-rated stocks among Wall Street analysts.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. For 170 years, Corning has combined its unparalleled expertise in glass science, ceramic science, and optical physics with deep manufacturing and engineering capabilities to develop life-changing innovations. Corning’s stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.84%), State Street Corp (3.70%), Geode Capital Management LLC (1.91%), Northern Trust Corp (1.38%), Dimensional Fund Advisors LP (1.11%) and Bank of New York Mellon Corp (0.87%). The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.

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More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Learn more about how we are governed by a Board consisting of twelve independent directors and how we tie executive compensation strongly to financial performance. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

Review, download, and graph financial results on a GAAP or core reporting basis. One share of GLW stock can currently be purchased for approximately $31.26. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The company behind your smartphone’s glass looks like a pretty compelling long-term investment, but it’s not completely without risk.

Corning Inc. stock underperforms Thursday when compared to competitors

The world’s most famous glassmaker just beat earnings — and promised to do it again next quarter, too. Japan’s Nikkei 225 index advanced but most other regional markets fell. Oil prices retreated slightly, with Brent crude settling just below $90 a barrel. Silver fell for a sixth straight session, the first time it has happened this year. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.

Its health could provide more insight into how inflation is affecting consumer spending. Energy stocks rose along with crude oil prices after Saudi Arabia and Russia said they will extend their voluntary production cut of 1 million barrels of oil a day through the end of the year. Crude oil prices pushed higher, adding to inflationary pressures at a time when investors are hoping to see central banks back away from interest rate hikes.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.

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GLW’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of GLW’s
competitive advantage. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

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• Oil prices retreated slightly, with Brent crude settling just below $90 a barrel.
• This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.58%.

Corning’s stock was trading at $31.94 at the beginning of 2023. Since then, GLW shares have decreased by 2.1% and is now trading at $31.26. Shares of Corning Inc. were off more than 5% in premarket trading Tuesday after the manufacturer of glass lf full form in accounting products delivered a lower-than-expected outlook for the current period as it waits to forecast a significant recov… Last week, investors were busy reviewing a heavy load of economic data as they try to get a better picture of the economy.

10 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Corning in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” GLW shares.

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Terms of Service apply. Visit Performance Disclosure for information about the performance numbers displayed above. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Corning (GLW) Down 6.4% Since Last Earnings Report: Can It Rebound?

Corning is a materials science behemoth with differentiated glass products for televisions, notebooks, mobile devices, wearables, optical fiber, cars, and pharmaceutical packaging. In its 170 years of operation, the company has constantly innovated (including inventing glass optical fiber and ceramic substrates for catalytic converters) and oriented itself toward evolving demand trends that it can serve through its core competency of materials science. Most recently, we point to Corning’s domination of the smartphone cover glass market and deals with U.S. network carriers to supply fiber for 5G buildouts as evidence of the pivot toward growth.

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Corning announced a quarterly dividend on Wednesday, June 21st. Shareholders of record on Thursday, August 31st will be given a dividend of $0.28 per share on Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.58%. Corning saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,900,000 shares, a drop of 12.0% from the August 15th total of 8,980,000 shares.

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 Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications.

Quotes & News

The S&P/ASX 200 in Australia slipped 0.6% to 7,273.30 as the government reported the economy grew at a 2.3% annual pace in the last quarter. Get smarter about markets with our free morning and evening newsletters, delivered every weekday. Stocks finished Thursday mostly lower, with all three major U.S. indexes on a path toward weekly losses. We’d like to share more about how we work and what drives our day-to-day business.

• Upgrade to MarketBeat All Access to add more stocks to your watchlist.
• More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
• The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
• The technique has proven to be very useful for finding positive surprises.
• The Institute for Supply Management releases its latest report on the U.S. services sector on Wednesday.
• Most recently, we point to Corning’s domination of the smartphone cover glass market and deals with U.S. network carriers to supply fiber for 5G buildouts as evidence of the pivot toward growth.

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 10 Wall Street analysts have issued 1 year price targets for Corning’s stock. Their GLW share price forecasts range from $33.00 to $42.00.