Corning Inc. (GLW): Price and Financial Metrics

Corning Inc. (GLW): $32.33

0.18 (-0.55%)

POWR Rating

Component Grades

Momentum

D

Stability

C

Sentiment

Quality

C

GLW Price/Volume Stats

Current price $32.33 52-week high $36.01
Prev. close $32.51 52-week low $25.26
Day low $32.27 Volume 6,913,300
Day high $32.68 Avg. volume 4,918,179
50-day MA $31.79 Dividend yield 3.44%
200-day MA $31.22 Market Cap 27.59B

GLW Stock Price Chart Interactive Chart >

GLW POWR Grades

  • Growth is the dimension where GLW ranks best; there it ranks ahead of 83.56% of US stocks.
  • The strongest trend for GLW is in Stability, which has been heading up over the past 26 weeks.
  • GLW's current lowest rank is in the Momentum metric (where it is better than 0.89% of US stocks).

GLW Stock Summary

  • GLW has a higher market value than 90.91% of US stocks; more precisely, its current market capitalization is $25,706,159,104.
  • CORNING INC's stock had its IPO on January 1, 1986, making it an older stock than 92.92% of US equities in our set.
  • With a price/earnings ratio of 43.94, CORNING INC P/E ratio is greater than that of about 83.71% of stocks in our set with positive earnings.
  • If you're looking for stocks that are quantitatively similar to CORNING INC, a group of peers worth examining would be KEYS, AMKR, WWD, TRMB, and SSNC.
  • 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 Valuation Summary

  • In comparison to the median Technology stock, GLW's price/earnings ratio is 59.47% higher, now standing at 42.5.
  • Over the past 243 months, GLW's EV/EBIT ratio has gone up 38.6.

Below are key valuation metrics over time for GLW.

Stock Date P/S P/B P/E EV/EBIT
GLW 2023-12-08 1.9 2.2 42.5 27.7
GLW 2023-12-07 1.9 2.2 42.3 27.6
GLW 2023-12-06 1.9 2.1 42.0 27.4
GLW 2023-12-05 1.9 2.1 41.5 27.2
GLW 2023-12-04 1.9 2.2 42.1 27.5
GLW 2023-12-01 1.9 2.2 42.1 27.5

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%.
Over the past 34 months, GLW's revenue has gone up $3,107,000,000.

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)

Corning Inc. (GLW) Company Bio


  Corning Incorporated is an American multinational technology company that specializes in specialty glassceramics, 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)


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.

Investors Interested In Corning Incorporated's (NYSE:GLW) Earnings

Corning Incorporated's ( NYSE:GLW ) price-to-earnings (or "P/E") ratio of 44.4x might make it look like a strong sell...

Yahoo | December 18, 2023

5G and Beyond: 3 Companies Innovating at the Edge of Connectivity

The telecom industry had a bumpy year.

Ian Bezek on InvestorPlace | December 6, 2023

3 Dividend-Paying Tech Stocks to Buy in December

Dividend investors tend not to think about tech stocks when seeking income. Many emerging tech plays forgo dividend payments to invest in growth. Also, even when they pay dividends, they tend to have dividend yields below the S&P 500 average of 1.5%.

Yahoo | December 4, 2023

Treat Yourself: These Cheap Stocks Are On Sale

40% off select models. Up to 70% off clearance. Only one coupon code per customer. We’ve been bombarded with Black Friday deals for weeks; what used to be a one-day-only, in-store event has turned into a month-long celebration of “the best deals of the year,” and we’d feel pretty foolish for not jumping on that 70-inch television, AirPods Max headphones, or Ninja 14-piece knife set we’ve been eyeing since July. So, in the spirit of the week, I thought I’d revisit a couple of cheap stocks I’ve be

Yahoo | November 25, 2023

With 69% institutional ownership, Corning Incorporated (NYSE:GLW) is a favorite amongst the big guns

Key Insights Significantly high institutional ownership implies Corning's stock price is sensitive to their trading...

Yahoo | November 25, 2023

Read More 'GLW' Stories Here

GLW Price Returns

1-mo 2.20%
3-mo 7.35%
6-mo 4.14%
1-year 2.10%
3-year -14.12%
5-year 9.82%
YTD 7.10%
2023 -1.23%
2022 -11.56%
2021 5.92%
2020 27.57%
2019 -1.02%

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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