Corning Incorporated (GLW): Price and Financial Metrics


Corning Incorporated (GLW)

Today's Latest Price: $36.63 USD

0.33 (0.91%)

Updated Nov 23 6:40pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 38 in Industrial - Manufacturing

See all "A" rated Strong Buy stocks

GLW Stock Summary

  • Corning Inc's market capitalization of $27,733,564,053 is ahead of 92.32% of US-listed equities.
  • Corning Inc's stock had its IPO on January 1, 1986, making it an older stock than 92.95% of US equities in our set.
  • With a price/earnings ratio of 94.98, Corning Inc P/E ratio is greater than that of about 91.42% of stocks in our set with positive earnings.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Corning Inc are ZBRA, GRMN, KLAC, RMD, and CMI.
  • Visit GLW's SEC page to see the company's official filings. To visit the company's web site, go to www.corning.com.

GLW Stock Price Chart Interactive Chart >

Price chart for GLW

GLW Price/Volume Stats

Current price $36.63 52-week high $37.13
Prev. close $36.30 52-week low $17.44
Day low $36.30 Volume 1,977,700
Day high $36.83 Avg. volume 5,642,396
50-day MA $33.98 Dividend yield 2.4%
200-day MA $27.78 Market Cap 27.99B

Corning Incorporated (GLW) Company Bio


Corning manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The company was founded in 1851 and is based in Corning, New York.

GLW Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$36.63$4.14 -89%

We started the process of determining a valid price forecast for Corning Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Corning Inc ranked in the 12th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Corning Inc ended up being:

  • The company's balance sheet shows it gets 77% of its capital from equity, and 23% of its capital from debt. Its equity weight surpasses that of just 24.2% of free cash flow generating stocks in the Technology sector.
  • The company's compound free cash flow growth rate over the past 5.71 years comes in at -0.19%; that's greater than only 8.43% of US stocks we're applying DCF forecasting to.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-89%
1%-89%
2%-89%
3%-88%
4%-88%
5%-88%

ON, SAP, SIMO, CASA, and ELSE can be thought of as valuation peers to GLW, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.


GLW Latest News Stream


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Latest GLW News From Around the Web

Below are the latest news stories about Corning Inc that investors may wish to consider to help them evaluate GLW as an investment opportunity.

Corning's Optical Thunderbolt 3 Cables Now Available in Lengths From 5 to 50 Meters

Back in March, we noted that optical Thunderbolt 3 cables were starting to become available some four years after the standard's debut. Availability of these high-end optical cables has taken another step forward recently, as Corning has begun shipping out its cables in lengths ranging from 5 meters to 50 meters. Corning's 10-meter optical Thunderbolt 3 cable Compared to passive and active copper Thunderbolt 3 cables that support relatively short lengths most appropriate for a desktop setting, optical cables allow for much longer cable lengths needed by certain professional and corporate users. But for anyone who wants to be able to put their computer and/or accessories like external storage some distance away from their workspace, such as for heat, noise, or aesthetic reasons, these ca...

Mac Rumors | September 30, 2020

Rapid Innovations in Blood Serum Market to Fuel Revenues Through 2025 With Thermo Fisher, Merck, Corning

The Blood Serum market 2020 research report is a detailed view of market opportunity by end-user segments, product Type segments, sales channels, key countries. It also provides market credentials such as history, various development and trends, market overview, regional markets

OpenPR | September 28, 2020

Insights into the Optical Fiber Preform Worldwide and Chinese Industry to 2026 - Featuring Corning, Sumitomo Electric & Fujikura Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global and China Optical Fiber Preform Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering. Optical fiber preform as a hi-tech product and a crucial link in the optical fiber industry chain contributes to 70% or so of profit margin. Global 4G and FTTH construction at dusk leads to the shrinking demand for optical fibers and cables, so does for optical fiber preform. But the 5G construction produces a growing demand for not only op

Business Wire | September 28, 2020

SigmaSense Closes $22M Series A Funding Round with Groundbreaking Invention Enabling Touchless Touch Screens

AUSTIN, Texas--(BUSINESS WIRE)-- #Austin--SigmaSense, the global leader in touch screen performance, today announced the closing of $22 million in Series A funding led by Foxconn Technology Group with participation from strategic investors Corning, E Ink, GIS and MRI (managing partner of LG-MRI). Former Dell CFO Tom Meredith also participated in the round. SigmaSense intends to leverage these strategic and investor relationships to make its touch solutions the preeminent standard in the high-growth $4.7

Business Wire | September 23, 2020

Submarine Fiber Cable Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcatel Submarine Networks Ltd. and Corning Inc. | Technavio

LONDON--(BUSINESS WIRE)-- #GlobalSubmarineFiberCableMarket--The Global Submarine Fiber Cable Market will grow by $ 4.34 bn during 2020-2024

Business Wire | September 14, 2020

Read More 'GLW' Stories Here

GLW Price Returns

1-mo 3.64%
3-mo 13.19%
6-mo 60.97%
1-year 29.23%
3-year 24.80%
5-year 119.62%
YTD 29.81%
2019 -1.02%
2018 -3.28%
2017 34.63%
2016 36.23%
2015 -18.32%

GLW Dividends

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Continue Researching GLW

Want to see what other sources are saying about Corning Inc's financials and stock price? Try the links below:

Corning Inc (GLW) Stock Price | Nasdaq
Corning Inc (GLW) Stock Quote, History and News - Yahoo Finance
Corning Inc (GLW) Stock Price and Basic Information | MarketWatch


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