GLW Stock Analysis

GLW -  USA Stock  

USD 38.70  0.62  1.58%

The small fall in market price for the last few months may raise some interest from sophisticated investors. The stock closed today at a share price of 38.70 on 8,693,300 in trading volume. The company directors and management did not add much value to Corning investors in May. 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 1.65. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
Please check Risk vs Return Analysis.

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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. GLW stock analysis module also helps to analyze the Corning price relationship with some important fundamental indicators such as market cap and management efficiency.

GLW Stock Analysis Notes

About 69.0% of the company shares are owned by institutional investors. The book value of Corning was currently reported as 14.41. The company has Price/Earnings To Growth (PEG) ratio of 0.82. Corning next dividend is scheduled to be issued on the 27th of May 2021. 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 50110 people. To learn more about Corning call Wendell Weeks at 607-974-9000 or check out http://www.corning.com.

Corning Quarterly Cost of Revenue

2.13 BillionShare

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 generates negative expected return over the last 90 days
Corning has a strong financial position based on the latest SEC filings
About 69.0% 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 Report27th of July 2021
Next Earnings Report26th of October 2021
Next Fiscal Quarter End30th of June 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report31st of March 2021
Last Earning Announcement30th of June 2020

GLW 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 2021
Submission of Matters to a Vote of Security Holders
View
27th of April 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
8th of April 2021
Unclassified Corporate Event
View
5th of April 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
View
10th of February 2021
Unclassified Corporate Event
View
8th of February 2021
Unclassified Corporate Event
View
4th of February 2021
Financial Statements and Exhibits. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year. Unclassified Corporate Event
View
3rd of February 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

GLW 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 Shares90.1 M3.9 B
Wellington Management Group LlpCommon Shares57.1 M2.5 B
Blackrock IncCommon Shares54.1 M2.4 B
State Street CorpCommon Shares38.1 M1.7 B
Price T Rowe Associates IncCommon Shares16.9 M733.7 M
State Farm Mutual Automobile Insurance CoCommon Shares16.2 M704.2 M
Geode Capital Management LlcCommon Shares12.9 M557.7 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.

GLW Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 36.74 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.

GLW 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 9.89 %, 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 26.82 %, which entails that for every 100 dollars of revenue, it generated 0.27 of operating income.
Last ReportedProjected for 2021
Return on Investment 2.36  2.42 
Return on Average Assets 0.018  0.0185 
Return on Average Equity 0.041  0.06 
Return on Invested Capital 0.032  0.0328 
Return on Sales 0.08  0.08 

Management Efficiency

The entity has Return on Asset of 3.82 % which means that on every $100 spent on asset, it made $3.82 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 9.34 %, implying that it generated $9.34 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. Return on Investment is likely to climb to 2.42 in 2021. Return on Average Assets is likely to climb to 0.0185 in 2021. Corning Total Assets are fairly stable at the moment as compared to the past year. Corning reported Total Assets of 30.77 Billion in 2020. Assets Non Current is likely to climb to about 23.4 B in 2021, whereas Goodwill and Intangible Assets are likely to drop slightly above 3.2 B in 2021.
Last ReportedProjected for 2021
Book Value per Share 17.35  18.39 
Enterprise Value over EBIT 37.00  39.92 
Enterprise Value over EBITDA 13.67  11.43 
Price to Book Value 2.08  1.92 
Tangible Assets Book Value per Share 35.35  32.81 
Enterprise Value33.1 B31.6 B
Tangible Asset Value27 B25.3 B

Technical Drivers

As of the 19th of June, Corning shows the risk adjusted performance of (0.07), and Mean Deviation of 2.34. 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 38.7 per share. Given that Corning has jensen alpha of (1.03), 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

The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. View also all equity analysis or get more info about mavp overlap studies indicator.

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 Outstanding Bonds

Corning issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Corning uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most GLW bonds can be classified according to their maturity, which is the date when Corning has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
MaturityCouponRating
GLW 08152021 887508/15/20218.875
A-
GLW 08012024 762508/01/20247.625
A-
GLW 03012029 68503/01/20296.85
A-
CORNING INC 72508/15/20367.25
A-
GLW 05152024 7005/15/20247.0
A-
CORNING INC 57508/15/20405.75
A-
GLW 03152042 47503/15/20424.75
A-
GLW 03152037 4703/15/20374.7
A-

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 GLW 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 GLW Stock analysis, traders can create a robust methodology for identifying GLW entry and exit points for their positions.
Last ReportedProjected for 2021
Operating Margin 4.50  4.62 
EBITDA Margin 0.21  0.29 
Gross Margin 0.31  0.33 
Profit Margin 0.045  0.0462 
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 50110 people.

Current GLW Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. GLW 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. GLW 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
46.57Buy7Odds
Corning current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most GLW 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 GLW 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 GLW conference calls.
GLW Analyst Advice Details

GLW 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 Ratio1.36
Trailing Annual Dividend Rate0.90
Fifty Two Week Low25.11
Revenue Growth37.60%
Payout Ratio65.69%
Average Daily Volume Last 10 Day4.56M
Shares Short Prior Month10.92M
Average Daily Volume In Three Month4.55M
Shares Percent Shares Out1.14%
Gross Margins36.13%
Forward Price Earnings18.06
Short Percent Of Float1.55%
Float Shares768.64M
Fifty Two Week High46.82
Fifty Day Average44.00
Enterprise Value To Ebitda14.18
Two Hundred Day Average40.33
Enterprise Value To Revenue3.80
Trailing Annual Dividend Yield2.09%
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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The market value of Corning is measured differently than its book value, which is the value of GLW 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 underlying business (such as 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.