- Hardware, Equipment & Parts
- Technology
-
0.51
EPS
-
77.28
P/E
-
33.9B
MARKET CAP
-
2.83%
DIV YIELD
Company Overview
ONE RIVERFRONT PLAZA,CORNING NY 14831,6079749000
CEO
Mr. Wendell P. Weeks
Employess
49800
Sector
Technology
Industry
Hardware, Equipment & Parts
Website
https://www.corning.com
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
Next Earnings Date
Oct. 22, 2024
Ex Dividends date
Sep. 27, 2024
Dividend Date
Aug. 29, 2024
YTD Performance
29.85%
Fiscal Year End
12-31
IPO Date
1981-12-31
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 4.88% | 2.20% | 3.65% | -11.28% |
EPS | -6.49% | -9.39% | 8.51% | -55.77% |
Equity | -5.87% | -3.48% | -4.49% | -3.81% |
Cash | -9.27% | -5.46% | -12.68% | 6.46% |
Return On Capital (ROIC) | 4.68% | 5.32% | 6.54% | 5.36% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 432 | 335 | 55 | 158 | 11 |
Long Term Debt | 8,050 | 7,480 | 6,990 | 7,840 | 7,730 |
LT Finance Leases | 958 | 906 | 968 | 902 | 512 |
Shares Outstanding | 848 | 843 | 828 | 761 | 776 |
Market Cap | 25,800 | 26,900 | 30,800 | 27,400 | 22,600 |
Price
News
3 Stocks to Buy on the Cheap Following the Market Selloff
1 monthThe recent market sell-off has felt rather painful. It's certainly been a while since we've witnessed stocks falling into an extended losing streak.
investorplace.comCorning: Bullish AI Catalysts From Partners Lumen And Google
1 monthCorning stock has sold off ~15% from its recent high, but recent AI-related business developments indicate strong growth potential going forward. A big new fiber-optic supply agreement with Lumen Technologies is bullish and equates to 10% of Corning's global fiber capacity over each of the next two years. In another bullish catalyst, today, we learned that Google's entire new lineup of AI-powered Pixel 9 smartphones will use Corning's "Gorilla Glass Victus 2" displays.
seekingalpha.comThe 3 Best Fiber Providers to Buy After Lumen's Huge Rally
1 monthAmid the AI boom, data centers are sending and receiving so much data that they are embarking on “the largest expansion of the internet in our lifetime,” Lumen Technologies (NYSE: LUMN ) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing.
investorplace.comLumen stock soars on AI demand, Microsoft and Corning deal, CEO discusses
1 monthShares of Lumen Technologies (LUMN) are soaring largely due to its partnership with Microsoft (MSFT), among other companies, which will use Lumen to expand and improve its data centers as AI demand continues to surge. Lumen Technologies CEO Kate Johnson joins Market Domination to the partnership and Lumen's AI initiatives.
youtube.comAxion BioSystems Continues Agreement Giving Corning® Exclusive Rights to Distribute Award-Winning Cell Counting Device
1 monthATLANTA--(BUSINESS WIRE)-- #biotechnews--Axion BioSystems today announced an agreement with Corning Incorporated (NYSE: GLW) that continues Corning's exclusive worldwide distribution rights for the Corning® Cell Counter. The simple yet powerful device, developed by Axion BioSystems and distributed by Corning, was recently included in the SelectScience® top 10 list of remarkable products advancing life science research. The agreement extends the successful collaboration between Corning and Axion BioSystems to.
businesswire.comWhat's Next For Corning Stock After Downbeat Q3 Guidance?
2 monthsCorning (NYSE: GLW) recently reported its Q2 results, with revenues and earnings aligning with the street estimates. The company reported core revenue of 3.6 billion and adjusted earnings of $0.47 per share, driven by strong demand for its optical connectivity products for generative AI.
forbes.comGLW vs. ANET: Which Stock Is the Better Value Option?
2 monthsInvestors interested in Communication - Components stocks are likely familiar with Corning (GLW) and Arista Networks (ANET). But which of these two stocks offers value investors a better bang for their buck right now?
zacks.comCorning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands
2 monthsAgreement reserves 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Agreement will more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies CORNING, N.Y. and DENVER , Aug. 1, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced an agreement with Corning Incorporated (NYSE: GLW) for a substantial supply of next-generation optical cable.
prnewswire.comWhy Corning Stock Dropped 11.9% Today
2 monthsQ2 earnings matched estimates on modest growth in enterprise sales. Fiber sales are up on the need for faster AI.
fool.comCorning Stock Sinks as Results, Q3 Outlook Underwhelm
2 monthsShares of Corning (GLW), a beneficiary of the artificial intelligence (AI) boom, tumbled Tuesday after the specialty glass maker's second-quarter results and current-quarter guidance missed analysts' expectations.
investopedia.comEarnings Alert: PYPL, GLW, PG, PFE
2 monthsCorning (GLW) shares fall on weak guidance. PayPal (PYPL) is trading higher on a beat and raise second quarter.
youtube.comCorning (GLW) Surpasses Q2 Earnings Estimate on Higher Revenues
2 monthsCorning (GLW) reports a top-line expansion year over year, backed by rising demand for optical connectivity products. Solid growth in free cash flow is a tailwind.
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