Corning Stock Analysis

GLW -  USA Stock  

USD 33.27  0.49  1.45%

Corning price fall over the last few months may raise some interest from sophisticated investors. The stock closed today at a share price of 33.27 on 6,015,722 in trading volume. The company executives were not very successful in positioning the firm resources to exploit market volatility in April. However, diversifying your holdings with Corning or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.43. The current volatility is consistent with the ongoing market swings in April 2022 as well as with Corning unsystematic, company-specific events.
Please check Risk vs Return Analysis.
  
Refresh
The Corning stock analysis report makes it easy to digest most publicly released information about Corning and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Corning Stock analysis module also helps to analyze the Corning price relationship with some important fundamental indicators such as market cap and management efficiency.

Corning Stock Analysis Notes

About 70.0% of the company shares are owned by institutional investors. The book value of Corning was currently reported as 14.51. The company has Price/Earnings To Growth (PEG) ratio of 0.69. Corning next dividend is scheduled to be issued on the 27th of May 2022. The entity had 3:1 split on the 4th of October 2000. 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 operates under Electronic Components classification in the United States and is traded on New York Stock Exchange. It employs 61200 people. To learn more about Corning call Wendell Weeks at 607 974 9000 or check out https://www.corning.com.

Corning Quarterly Cost of Revenue

2.4 Billion

Share

Corning Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Corning's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Corning or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Corning generated a negative expected return over the last 90 days
About 70.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Corning exotic insider transaction detected

Corning Upcoming and Recent Events

Earnings reports are used by Corning to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Corning previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report26th of January 2022
Next Financial Report26th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Corning Largest EPS Surprises

Earnings surprises can significantly impact Corning's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2003-01-23
2002-12-31-0.09-0.1-0.0111 
1998-04-16
1998-03-310.080.090.0112 
1996-04-15
1996-03-310.090.10.0111 
View All Earnings Estimates

Corning SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Corning prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Corning investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Corning specific information freely available to individual and institutional investors to make a timely investment decision.
29th of April 2022
Submission of Matters to a Vote of Security Holders
View
26th of April 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
9th of February 2022
Unclassified Corporate Event
View
4th of February 2022
Unclassified Corporate Event
View
3rd of February 2022
Financial Statements and Exhibits. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
View
31st of January 2022
Unclassified Corporate Event
View
26th of January 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
9th of December 2021
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View

Corning Thematic Classifications

In addition to having Corning stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Baby Boomer Prospects IdeaBaby Boomer Prospects
Mega stocks, funds and ETFs that tend to appeal to people considering retirement from the work force
Steel Works Etc IdeaSteel Works Etc
USA Equities from Steel Works Etc industry as classified by Fama & French

Corning Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Corning is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Corning backward and forwards among themselves. Corning's institutional investor refers to the entity that pools money to purchase Corning's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Vanguard Group IncCommon Shares92.7 M3.4 B
Blackrock IncCommon Shares54.1 MB
Wellington Management Group LlpCommon Shares33.4 M1.2 B
State Street CorpCommon Shares31.8 M1.2 B
Jpmorgan Chase CoCommon Shares14.7 M544.3 M
Ameriprise Financial IncCommon Shares14.6 M538.4 M
Price T Rowe Associates IncCommon Shares14.6 M537.3 M
Note, although Corning's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Corning Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 28.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Corning's market, we take the total number of its shares issued and multiply it by Corning'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 Profitablity

Corning's profitability indicators refer to fundamental financial ratios that showcase Corning's ability to generate income relative to its revenue or operating costs. If, let's say, Corning is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Corning's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Corning's profitability requires more research than a typical breakdown of Corning's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 13.05 %, which may imply that it executes well on its competitive polices and has reasonable control over its expenses and variable costs. This is very large. In the same way, it shows Net Operating Margin of 26.73 %, which entails that for every 100 dollars of revenue, it generated 0.27 of operating income.
Last ReportedProjected for 2022
Return on Investment 2.72  2.79 
Return on Average Assets 0.036  0.0414 
Return on Average Equity 0.09  0.08 
Return on Invested Capital 0.10  0.09 
Return on Sales 0.19  0.21 

Management Efficiency

The entity has Return on Asset of 4.92 % which means that on every $100 spent on asset, it made $4.92 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 14.42 %, implying that it generated $14.42 on every 100 dollars invested. Corning management efficiency ratios could be used to measure how well corning manages its routine affairs as well as how well it operates its assets and liabilities. Corning Return on Investment is fairly stable at the moment as compared to the past year. Corning reported Return on Investment of 2.72 in 2021. Return on Average Assets is likely to climb to 0.0414 in 2022, whereas Return on Average Equity is likely to drop 0.08 in 2022. Corning Total Assets are fairly stable at the moment as compared to the past year. Corning reported Total Assets of 30.15 Billion in 2021. Assets Non Current is likely to climb to about 23.6 B in 2022, whereas Goodwill and Intangible Assets are likely to drop slightly above 3.3 B in 2022.
Last ReportedProjected for 2022
Book Value per Share 14.45  16.97 
Enterprise Value over EBIT 14.00  15.26 
Enterprise Value over EBITDA 8.77  9.00 
Price to Book Value 2.58  2.23 
Tangible Assets Book Value per Share 31.15  31.40 
Enterprise Value36.6 B33.9 B
Tangible Asset Value26.6 B25.1 B

Technical Drivers

As of the 24th of May, Corning shows the Mean Deviation of 1.95, downside deviation of 3.3, and Risk Adjusted Performance of 0.0191. Corning technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Corning, which can be compared to its rivals. Please confirm Corning variance and potential upside to decide if Corning is priced correctly, providing market reflects its regular price of 33.27 per share. Given that Corning has jensen alpha of 0.2829, we suggest you to validate Corning's prevailing market performance to make sure the company can sustain itself at a future point.

Corning Price Movement Analysis

Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Mid-point over period is an average of Corning highest and lowest values attained during the given period.
.

Corning Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Corning insiders, such as employees or executives, is commonly permitted as long as it does not rely on Corning's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Corning insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Corning Predictive Daily Indicators

Corning intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Corning stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Corning Forecast Models

Corning time-series forecasting models is one of many Corning's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Corning's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Corning Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Corning stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Corning shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Corning. By using and applying Corning Stock analysis, traders can create a robust methodology for identifying Corning entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 5.18  5.32 
EBITDA Margin 0.30  0.31 
Gross Margin 0.36  0.35 
Profit Margin 0.08  0.11 
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 operates under Electronic Components classification in the United States and is traded on New York Stock Exchange. It employs 61200 people.

Current Corning Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Corning analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Corning analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
44.0Buy9Odds
Corning current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Corning analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Corning stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Corning, talking to its executives and customers, or listening to Corning conference calls.
Corning Analyst Advice Details

Corning Stock Analysis Indicators

Corning stock analysis indicators help investors evaluate how Corning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Corning shares will generate the highest return on investment. By understating and applying Corning stock analysis, traders can identify Corning position entry and exit signals to maximize returns.
Quick Ratio0.78
Trailing Annual Dividend Rate0.94
Fifty Two Week Low32.24
Revenue Growth11.90%
Payout Ratio79.84%
Average Daily Volume Last 10 Day5.22M
Shares Short Prior Month9.8M
Average Daily Volume In Three Month5.17M
Earnings Growth1.90%
Shares Percent Shares Out1.35%
Earnings Quarterly Growth-3.00%
Gross Margins36.46%
Forward Price Earnings12.50
Short Percent Of Float1.52%
Float Shares743.26M
Fifty Two Week High44.30
Fifty Day Average35.84
Enterprise Value To Ebitda8.87
Two Hundred Day Average37.90
Enterprise Value To Revenue2.37
Trailing Annual Dividend Yield2.80%
Please check Risk vs Return Analysis. Note that the Corning information on this page should be used as a complementary analysis to other Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Corning Stock analysis

When running Corning price analysis, check to measure Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning is operating at the current time. Most of Corning's value examination focuses on studying past and present price action to predict the probability of Corning's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Corning's price. Additionally, you may evaluate how the addition of Corning to your portfolios can decrease your overall portfolio volatility.
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Is Corning's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corning. If investors know Corning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Corning is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning's value that differs from its market value or its book value, called intrinsic value, which is Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corning's market value can be influenced by many factors that don't directly affect Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine Corning value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.