Corning Stock Today

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Corning Incorporated is selling for under 26.48 as of the 8th of July 2020; that is -1.27 percent down since the beginning of the trading day. The stock's lowest day price was 26.27. Corning Incorporated has about a 39 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 30 trading days. Equity ratings for Corning Incorporated are calculated daily based on the scoring framework. The performance scores are derived for the period starting the 9th of April 2020 and ending today, the 8th of July 2020. Click here to learn more.
Analyze Filter   Report: 4th of August 2020

   Performance
9 100 

   Odds of Distress
39  

Corning Incorporated Profile

The upcoming quarterly report is expected on the 4th of August 2020. Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York. Corning Incorporated operates under Electronic Components classification in the United States and is traded on BATS Exchange. It employs 49500 people. more on Corning Incorporated
Corning Incorporated Fama & French Steel Works Etc
Steel Works Etc
Fama & French Classification
Corning Incorporated SEC Filings
Corning Incorporated SEC Filings
Security & Exchange Commission EDGAR ReportsView All
Legal NameCorning Incorporated
ChairmanWendell WeeksView All
Thematic Classifications
Active investing themes Corning Incorporated currently participates. An investing theme is an unweighted collection of funds, stocks, ETFs or cryptocurrencies
Average Analyst Recommendation
Current trade recommendation based on an ongoing consensus estimate among financial analysis covering Corning Incorporated. The Corning consensus assessment is calculated by taking the average estimates from all of the analysts covering Corning Incorporated
Piotroski F Score
Academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Corning Incorporated financial position. Scores of 8 and 9 are usually clasified strong value stocks whereas scores of 2 or below are considered weak value stocks.
 7 - StrongDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares920.4 M769.1 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted1.2 B899 M
Significantly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations2.3 BB
Moderately Up
Decreasing
Stable
Total Assets31.2 B28.9 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities13.8 B15.9 B
Fairly Down
Increasing
Slightly volatile
Current Assets8.8 B7.5 B
Fairly Up
Increasing
Very volatile
Current Liabilities3.3 B3.5 B
Significantly Down
Increasing
Slightly volatile
Total Debt6.4 B7.7 B
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.04870.035
Significantly Up
Decreasing
Slightly volatile
Gross Margin0.360.351
Fairly Up
Decreasing
Slightly volatile
Asset Turnover0.40.414
Sufficiently Down
Increasing
Slightly volatile
Macroaxis Advice
Macroaxis buy hold or sell recommendation provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Corning Incorporated available fundamental, technical, and predictive indicators. Current horizon is 30 days (very short) - details
Financial Strength
Corning Incorporated financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Corning Incorporated success along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
BBB ( Average Bond Rating ) Adequate
  Operating Cash Flow
Corning Incorporated (GLW) is traded on BATS Exchange in USA. It is located in One Riverfront Plaza, Corning, NY 14831, United States and employs 49,500 people. Corning Incorporated is listed under Steel Works Etc category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 19.78 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Corning Incorporated's market, we take the total number of its shares issued and multiply it by Corning Incorporated's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Corning Incorporated runs under Technology sector within Electronic Components industry. The entity has 760.95 M outstanding shares of which 23.77 M shares are currently shorted by investors with about 3.63 days to cover shorted positions. CORNING INC has about 2.02 B in cash with 2.31 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.66.
Check Corning Incorporated Probability Of Bankruptcy

Ownership Allocation (%)

Corning Stock Price Odds Analysis

Odds Down 26.48HorizonTargetOdds Up 26.48
89.44%30 days
 26.48 
10.50%
Based on a normal probability distribution, the odds of Corning Incorporated to move above the current price in 30 days from now is about 10.5 (This Corning Incorporated probability density function shows the probability of Corning Incorporated Stock to fall within a particular range of prices over 30 days) .

Corning Stock Institutional Holders

InstituionSecurity TypeTotal SharesValue
Cacti Asset Management LlcCommon SharesM27.2 M
Park National CorpCommon Shares88.9 K2.3 M
View Corning Incorporated Diagnostics

Corning Incorporated Income Statement Over Time

Corning Incorporated Income Statement is one of the three primary financial statements used for reporting Corning's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Corning Incorporated revenue and expense. Corning Incorporated Income Statement primarily focuses on the company's revenues and expenses during a particular period. Corning Incorporated Income Tax Expense is fairly stable at the moment as compared to the past year. Corning Incorporated reported Income Tax Expense of 256 Million in 2019 View More Fundamentals

Corning Stock Against Markets

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Corning Incorporated Upcoming and Recent Events

Corning Incorporated Company Earnings Announcements Dates

Upcoming Quarterly Report4th of August 2020
Next Earnings Report3rd of November 2020
Next Fiscal Quarter End30th of June 2020
Next Fiscal Year End3rd of February 2021
Last Quarter Report31st of March 2020
Last Earning Announcement30th of June 2019

Corning Incorporated Corporate Filings

Corning Incorporated SEC Reporting

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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Financial Statements and Exhibits. Results of Operations and Financial Condition
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Unclassified Corporate Event
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Corning Incorporated Distributions to stockholders

A dividend is the distribution of a portion of Corning Incorporated earnings, decided and managed by the Corning Incorporateds board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Corning Incorporated dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment.
28th of May 2020
27th of February 2020
14th of November 2019
29th of August 2019
30th of May 2019
27th of February 2019
15th of November 2018
30th of August 2018

Corning Incorporated Corporate Executives

Tony Tripeny CFO and Sr. VP
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page