GLW 📈 Corning - Overview
Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2193501051
GLW: Glass, Fibers, Cables, Ceramics, Crystals, Substrates, Filters
Corning Incorporated is a multifaceted company that operates in various sectors, including display technologies, optical communications, environmental technologies, specialty materials, and life sciences, both domestically and internationally. Its Display Technologies segment is a key player in the production of glass substrates for flat panel displays, such as liquid crystal displays and organic light-emitting diodes, which are integral components of numerous electronic devices, including televisions, notebook computers, desktop monitors, tablets, and handheld devices. This segment's products are crucial for the manufacture of high-quality displays that offer superior visual clarity and durability.
The company's Optical Communications segment is another significant area of focus, providing a wide range of products and solutions for the telecommunications industry, including optical fibers, cables, and various hardware and equipment products like cable assemblies, fiber optic hardware, and connectors. These products cater to the needs of telecommunications companies, businesses, governments, and individuals, facilitating the transmission of data at high speeds and over long distances. This segment plays a vital role in enabling modern communication systems, including the internet and mobile networks, to function efficiently.
Corning's Specialty Materials segment is involved in the manufacture of a diverse array of products, including glass, glass ceramics, crystals, precision metrology instruments, and software. This segment also produces glass wafers and substrates, tinted sunglasses, and radiation shielding products, which are used in various markets such as mobile consumer electronics, semiconductor equipment optics, aerospace and defense optics, and telecommunications components. The products from this segment are designed to offer unique material formulations that meet the specific requirements of different industries, contributing to innovation and advancement in these fields.
The Environmental Technologies segment of Corning is dedicated to providing solutions for emissions control, primarily through the production of ceramic substrates and filter products. These products are used in mobile, gasoline, and diesel applications, helping to reduce emissions and minimize the environmental impact of vehicles and industrial processes. By offering these solutions, Corning contributes to global efforts to improve air quality and mitigate climate change, aligning its business operations with sustainable development goals.
Corning's Life Sciences segment offers a broad range of laboratory products, including consumables like plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, glassware, and equipment. These products are marketed under well-known brands such as Corning, Pyrex, Falcon, and Axygen, and are designed to support scientific research, drug discovery, and biotechnology applications. By providing high-quality laboratory products, Corning enables scientists and researchers to conduct their work efficiently and effectively, contributing to advancements in life sciences and healthcare.
With a history dating back to 1851, Corning Incorporated has evolved significantly over the years, transforming from its origins as Corning Glass Works to its current form as a diversified technology company. The company changed its name to Corning Incorporated in April 1989, reflecting its expanded scope and range of activities. Headquartered in Corning, New York, Corning Incorporated is listed on the New York Stock Exchange (NYSE) under the ticker symbol GLW, and its common stock is classified under the GICS Sub Industry of Electronic Components, with the ISIN US2193501051. More information about the company can be found on its website at https://www.corning.com.
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GLW Stock Overview
Market Cap in USD | 41,226m |
Sector | Technology |
Industry | Electronic Components |
GiC Sub-Industry | Electronic Components |
IPO / Inception | 1981-12-31 |
GLW Stock Ratings
Growth 5y | 54.2% |
Fundamental | 3.33% |
Dividend | 60.2% |
Rel. Strength Industry | 154 |
Analysts | 3.93/5 |
Fair Price Momentum | 50.72 USD |
Fair Price DCF | 31.39 USD |
GLW Dividends
Dividend Yield 12m | 2.37% |
Yield on Cost 5y | 4.47% |
Annual Growth 5y | 6.96% |
Payout Consistency | 80.6% |
GLW Growth Ratios
Growth Correlation 3m | 78% |
Growth Correlation 12m | 96% |
Growth Correlation 5y | 37.5% |
CAGR 5y | 13.51% |
CAGR/Mean DD 5y | 0.83 |
Sharpe Ratio 12m | 1.76 |
Alpha | 32.90 |
Beta | 1.10 |
Volatility | 24.60% |
Current Volume | 11445.9k |
Average Volume 20d | 4479.6k |
As of December 22, 2024, the stock is trading at USD 47.31 with a total of 11,445,935 shares traded.
Over the past week, the price has changed by -1.74%, over one month by -0.08%, over three months by +6.95% and over the past year by +63.70%.
Neither. Based on ValueRay Fundamental Analyses, Corning is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 3.33 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of GLW as of December 2024 is 50.72. This means that GLW is currently overvalued and has a potential downside of 7.21%.
Corning has received a consensus analysts rating of 3.93. Therefor, it is recommend to buy GLW.
- Strong Buy: 7
- Buy: 1
- Hold: 6
- Sell: 1
- Strong Sell: 0
According to ValueRays Forecast Model, GLW Corning will be worth about 56 in December 2025. The stock is currently trading at 47.31. This means that the stock has a potential upside of +18.45%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | 52.3 | 10.5% |
Analysts Target Price | 36.8 | -22.2% |
ValueRay Target Price | 56 | 18.5% |