Corning Inc. (GLW): Price and Financial Metrics
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GLW POWR Grades
- Stability is the dimension where GLW ranks best; there it ranks ahead of 76.62% of US stocks.
- The strongest trend for GLW is in Quality, which has been heading down over the past 177 days.
- GLW ranks lowest in Growth; there it ranks in the 9th percentile.
GLW Stock Summary
- With a market capitalization of $27,809,608,413, CORNING INC has a greater market value than 92.28% of US stocks.
- CORNING INC's stock had its IPO on January 1, 1986, making it an older stock than 93.5% of US equities in our set.
- In terms of volatility of its share price, GLW is more volatile than just 6.55% of stocks we're observing.
- Stocks with similar financial metrics, market capitalization, and price volatility to CORNING INC are KEYS, CMI, DOW, ANSS, and AMKR.
- GLW's SEC filings can be seen here. And to visit CORNING INC's official web site, go to www.corning.com.
GLW Valuation Summary
- In comparison to the median Technology stock, GLW's price/sales ratio is 16.67% lower, now standing at 2.
- Over the past 243 months, GLW's price/earnings ratio has gone up 26.7.
Below are key valuation metrics over time for GLW.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| GLW | 2023-03-21 | 2 | 2.4 | 21.7 | 16.7 |
| GLW | 2023-03-20 | 2 | 2.3 | 21.4 | 16.5 |
| GLW | 2023-03-17 | 2 | 2.3 | 21.1 | 16.4 |
| GLW | 2023-03-16 | 2 | 2.3 | 21.4 | 16.6 |
| GLW | 2023-03-15 | 2 | 2.3 | 21.1 | 16.4 |
| GLW | 2023-03-14 | 2 | 2.4 | 21.6 | 16.7 |
GLW Growth Metrics
- Its 5 year revenue growth rate is now at 14.04%.
- Its year over year cash and equivalents growth rate is now at -29.71%.
- The 3 year revenue growth rate now stands at 24.74%.
The table below shows GLW's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-12-31 | 14,189 | 2,615 | 1,316 |
| 2022-09-30 | 14,459 | 3,021 | 1,839 |
| 2022-06-30 | 14,586 | 3,210 | 2,002 |
| 2022-03-31 | 14,472 | 3,223 | 1,085 |
| 2021-12-31 | 14,082 | 3,412 | 1,079 |
| 2021-09-30 | 13,756 | 3,163 | 868 |
GLW's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- GLW has a Quality Grade of C, ranking ahead of 74.6% of graded US stocks.
- GLW's asset turnover comes in at 0.457 -- ranking 36th of 40 Steel Works Etc stocks.
- CENX, TWI, and AA are the stocks whose asset turnover ratios are most correlated with GLW.
The table below shows GLW's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-09-30 | 0.457 | 0.364 | 0.090 |
| 2021-06-30 | 0.434 | 0.356 | 0.087 |
| 2021-03-31 | 0.411 | 0.338 | 0.066 |
| 2020-12-31 | 0.388 | 0.312 | 0.032 |
| 2020-09-30 | 0.376 | 0.295 | 0.021 |
| 2020-06-30 | 0.384 | 0.298 | 0.019 |
GLW Price Target
For more insight on analysts targets of GLW, see our GLW price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $48.45 | Average Broker Recommendation | 1.46 (Moderate Buy) |
GLW Stock Price Chart Interactive Chart >
GLW Price/Volume Stats
| Current price | $33.55 | 52-week high | $38.52 |
| Prev. close | $33.35 | 52-week low | $28.98 |
| Day low | $33.25 | Volume | 3,835,500 |
| Day high | $33.63 | Avg. volume | 4,397,019 |
| 50-day MA | $34.71 | Dividend yield | 3.41% |
| 200-day MA | $33.57 | Market Cap | 28.42B |
Corning Inc. (GLW) Company Bio
Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The company was named Corning Glass Works until 1989. Corning divested its consumer product lines (including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bakeware) in 1998 by selling the Corning Consumer Products Company subsidiary (now known as Corelle Brands) to Borden, but still holds an interest of about 8 percent. (Source:Wikipedia)
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.
12 Best Diversified Dividend Stocks to Buy NowIn this article, we discuss 12 diversified dividend stocks to buy now. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Best Diversified Dividend Stocks to Buy Now. Diversified companies can provide investors with diversification across different industries and sectors, which can help reduce […] |
When Should You Buy Corning Incorporated (NYSE:GLW)?Today we're going to take a look at the well-established Corning Incorporated ( NYSE:GLW ). The company's stock... |
Micron (MU) to Report Q2 Earnings: What's in the Offing?Micron's (MU) Q2 performance is likely to have been hurt by customer inventory adjustment actions amid declining consumer spending and growing macroeconomic uncertainties. |
3 Dividend-Paying Tech Stocks to Buy in MarchNot all technology stocks are the high risk/high reward, volatile stomach-churners that have had investors pulling their hair out over the past year. Adding them to your portfolio can help you diversify and generate passive income while the stock market digests banking fears, political tensions, and a potential recession. Cisco Systems (NASDAQ: CSCO) has helped the world connect since the invention of the internet in the early 1980s; the company sells hardware and software products for networking and information technology. |
Corning (GLW) Unveils Easily Deployable Data Center SolutionCorning (GLW) launched the New EDGE Distribution System to expedite and simplify server cabling installation and enhance the data center's capability to process larger information flow. |
GLW Price Returns
| 1-mo | -2.22% |
| 3-mo | 5.77% |
| 6-mo | 17.51% |
| 1-year | -9.61% |
| 3-year | 76.09% |
| 5-year | 38.17% |
| YTD | 5.91% |
| 2022 | -11.56% |
| 2021 | 5.92% |
| 2020 | 27.57% |
| 2019 | -1.02% |
| 2018 | -3.28% |
GLW Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
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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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