Corning

Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY. Read Less

Corning Company Stats

Industry: Technology Hardware & Equipment

Founded: 1851

Headquarters: Corning, New York

Country/Territory: United States

Chief Executive Officer: Wendell P. Weeks

Employees: 49,800

Forbes Lists

#848

Global 2000 (2024)

#479

Best Employers for Diversity (2024)

#473

America's Best Large Employers (2024)

#234

World's Best Employers (2023)

America's Best Employers By State (2023)

#332

Best Employers for Women (2023)

#127

Most Cybersecure Companies (2023)

#181

Best Employers for Veterans (2022)Dropped off in 2023

#17

Mexico's Best Employers (2022)

#53

Best Employers for New Grads (2021)Dropped off in 2022

#74

Top 100 Digital Companies (2019)

#333

America's Largest Public Companies (2018)

Corning Financial Summary

Select list year

Revenue

$12.4B

Assets

$27.6B

Profits

$614M

Sources

FactSet, Bloomberg, S&P Cap IQ; Forbes.

Corning (GLW) Stock Price Performance

SummaryAdditional DataAnalystsHistorical Quotes

Key Data

Previous Close

38.39

Open

38.51

Day’s Range

38.17 x 38.57

Volume

874,479

52 Week Range

25.26 x 40.46

Market Cap

$32.89B

P/E Ratio (ttm)

53.30

Forward P/E

19.38

Diluted EPS (ttm)

0.72

Dividends Per Share

1.12

Dividend Yield

2.90%

Ex-Dividend Date

May 31, 2024

Valuation Measures

P/E Ratio (ttm)

53.30

Forward P/E

19.38

Price to Sales (ttm)

2.63

Price to Book Value (ttm)

2.80

Price to Tangible Book Value (ttm)

3.94

Total Enterprise Value to EBIT (ttm)

31.24

Total Enterprise Value to EBITDA (ttm)

13.90

Total Enterprise Value to Total Revenue (ttm)

3.24

Markets data provided by S&P and by Xignite

Profitability Metrics

Gross Margin (ttm)

33.94%

Operating Margin (ttm)

10.38%

Net Margin (ttm)

4.96%

Return on Assets (ttm)

2.85%

Return on Equity (ttm)

5.74%

Revenue and Earnings Metrics

Revenue (ttm)

$12.39B

Revenue Per Share (ttm)

14.57

Revenue Growth (y/o/y)

-9.51%

EBITDA (ttm)

$2.65B

EBITDA Growth (y/o/y)

-12.45%

Diluted EPS (ttm)

0.72

Diluted EPS Growth (y/o/y)

-31.98

Cash and Debt Metrics

Total Cash

$1.37B

Total Cash Per Share

1.67

Total Debt

$8.29B

Total Debt/Equity

71.73%

Current Ratio

1.67

All values as of most recently reported quarter unless otherwise noted.

Markets data provided by S&P and by Xignite

Consensus Recommendation

Outperform

Consensus Price

38.04

Range of Price Targets

29.00 to 45.00

Range of EPS

1.82 to 2.10

Consensus EPS

1.98

Consensus Revenue

$14.17B

Range of Revenue

$13.86B to $14.46B

Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
EPS and Revenue estimates are for the next 12 months.

Markets data provided by S&P and by Xignite

DATE	OPEN	HIGH	LOW	CLOSE	ADJUSTED CLOSE	VOLUME
Jul 2, 2024	38.67	38.90	38.15	38.39	38.39	6,253,601
Jul 1, 2024	38.94	39.07	38.42	38.66	38.66	4,138,544
Jun 28, 2024	38.80	39.06	38.67	38.85	38.85	8,378,016
Jun 27, 2024	38.28	38.80	37.87	38.59	38.59	11,604,864
Jun 26, 2024	39.45	39.53	37.99	38.28	38.28	15,867,669
Jun 25, 2024	39.81	39.99	39.62	39.77	39.77	5,280,139
Jun 24, 2024	39.89	40.38	39.59	39.90	39.90	940,421
Jun 21, 2024	40.04	40.46	39.78	40.05	40.05	12,917,967
Jun 20, 2024	40.24	40.45	39.61	39.85	39.85	11,562,811
Jun 18, 2024	39.00	40.25	38.69	40.21	40.21	15,808,448
Jun 17, 2024	38.40	39.15	37.91	38.75	38.75	13,486,767