Corning Incorporated (GLW): Price and Financial Metrics
Corning Incorporated (GLW)
Today's Latest Price: $36.63 USD
Updated Nov 23 6:40pm
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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 >
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 Price | DCF 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 Flow | Return 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.
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