Corning Incorporated (GLW): Price and Financial Metrics
Corning Incorporated (GLW)
Today's Latest Price: $31.97 USD
Updated Oct 30 4:03pm
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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 $24,453,019,551 is ahead of 91.93% of US-listed equities.
- Corning Inc's stock had its IPO on January 1, 1986, making it an older stock than 92.8% of US equities in our set.
- GLW's current price/earnings ratio is 121.05, which is higher than 93.92% of US stocks with positive earnings.
- Stocks with similar financial metrics, market capitalization, and price volatility to Corning Inc are GRMN, ZBRA, KLAC, ON, and JKHY.
- 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 | $31.97 | 52-week high | $35.83 |
| Prev. close | $32.10 | 52-week low | $17.44 |
| Day low | $31.28 | Volume | 4,503,486 |
| Day high | $32.12 | Avg. volume | 5,815,500 |
| 50-day MA | $33.07 | Dividend yield | 2.74% |
| 200-day MA | $27.22 | Market Cap | 24.35B |
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: |
| $31.97 | $3.84 | -88% |
Below please find a table outlining a discounted cash flow forecast for GLW, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Corning Inc ranked in the 12th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for GLW, they are:
- The company's compound free cash flow growth rate over the past 5.46 years comes in at -0.2%; that's greater than just 7.69% of US stocks we're applying DCF forecasting to.
- The weighted average cost of capital for the company is 8. This value is greater than only 15.26% stocks in the Technology sector that generate free cash flow.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | -88% |
| 1% | -88% |
| 2% | -88% |
| 3% | -88% |
| 4% | -88% |
| 5% | -88% |
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GLW, try ON, SAP, EVOP, FEYE, and NUAN.
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