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Corning Incorporated (GLW)

29.02   -0.6 (-2.03%) 10-01 10:39
Open: 29.5 Pre. Close: 29.62
High: 29.915 Low: 28.98
Volume: 4,342,345 Market Cap: 24,531(M)
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 29.98 - 30.15 30.15 - 30.33
Low: 28.51 - 28.69 28.69 - 28.9
Close: 28.67 - 28.99 28.99 - 29.34

Technical analysis

as of: 2022-09-30 4:28:32 PM
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 38.84     One year: 41.93
Support: Support1: 28.97    Support2: 24.11
Resistance: Resistance1: 33.25    Resistance2: 35.9
Pivot: 31.26
Moving Average: MA(5): 29.59     MA(20): 31.73
MA(100): 33.83     MA(250): 36.15
MACD: MACD(12,26): -1.4     Signal(9): -1.2
Stochastic oscillator: %K(14,3): 7.9     %D(3): 8.3
RSI: RSI(14): 25.1
52-week: High: 43.47  Low: 28.97
Average Vol(K): 3-Month: 4,485 (K)  10-Days: 4,056 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ GLW ] has closed above bottom band by 13.0%. Bollinger Bands are 49.1% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 2 days. This is a sign that the current trend might continue.

Headline News

Thu, 29 Sep 2022
We Think Corning (NYSE:GLW) Can Stay On Top Of Its Debt - Simply Wall St

Mon, 19 Sep 2022
Corning Stock: This Is Getting Ridiculous (NYSE:GLW) - Seeking Alpha

Sun, 18 Sep 2022
Corning (NYSE:GLW) Shareholders Will Want The ROCE Trajectory To Continue - Simply Wall St

Thu, 15 Sep 2022
Corning gets ~$104M in additional funding for planned glass tubing & vial manufacturing - Seeking Alpha

Tue, 13 Sep 2022
Corning Incorporated (GLW) Management Presents at 2022 Goldman Sachs Communacopia + Technology Conference (Transcript) - Seeking Alpha

Fri, 09 Sep 2022
Corning (GLW) Boosts Fiber Output in EU With Poland Facility - Nasdaq

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Technology
Industry:  Electronic Components
Shares Out. 853 (M)
Shares Float 759 (M)
% Held by Insiders 10 (%)
% Held by Institutions 72.1 (%)
Shares Short 20,400 (K)
Shares Short P.Month 15,620 (K)

Stock Financials

EPS 1.4
EPS Est Next Qtl 0.38
EPS Est This Year 1.72
EPS Est Next Year 1.85
Book Value (p.s.) 14.4
Profit Margin (%) 13.7
Operating Margin (%) 15.4
Return on Assets (ttm) 4.7
Return on Equity (ttm) 16.8
Qtrly Rev. Growth 3.2
Gross Profit (p.s.) 6.02
Sales Per Share 17.09
EBITDA (p.s.) 4.39
Qtrly Earnings Growth 0
Operating Cash Flow 3,210 (M)
Levered Free Cash Flow 1,380 (M)

Stock Valuations

PE Ratio 20.58
PEG Ratio 0.7
Price to Book value 2.01
Price to Sales 1.69
Price to Cash Flow 7.71

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2021-12-16
Ex-Dividend Date 2021-11-09
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