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Corning Incorporated (GLW)
42.85  0.04 (0.09%)    07-26 16:00
Open: 43.25
High: 43.25
Volume: 7,324,760
  
Pre. Close: 42.81
Low: 42.615
Market Cap: 36,706(M)
Technical analysis
2024-07-26 4:44:32 PM
Short term     
Mid term     
Targets 6-month :  54.18 1-year :  63.28
Resists First :  46.38 Second :  54.18
Pivot price 44.59
Supports First :  41.12 Second :  37.86
MAs MA(5) :  43.59 MA(20) :  43.08
MA(100) :  36.11 MA(250) :  32.7
MACD MACD :  1.3 Signal :  1.7
%K %D K(14,3) :  54.5 D(3) :  64.4
RSI RSI(14): 54
52-week High :  46.38 Low :  25.26
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ GLW ] has closed above bottom band by 9.2%. Bollinger Bands are 12.4% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 43.27 - 43.53 43.53 - 43.78
Low: 41.99 - 42.3 42.3 - 42.6
Close: 42.38 - 42.83 42.83 - 43.27
Company Description

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.

Headline News

Fri, 26 Jul 2024
CANADA LIFE ASSURANCE Co Increases Stock Position in Corning Incorporated (NYSE:GLW) - MarketBeat

Thu, 25 Jul 2024
Corning Inc. stock underperforms Thursday when compared to competitors - MarketWatch

Wed, 24 Jul 2024
Corning Incorporated (NYSE:GLW) Shares Sold by Orion Portfolio Solutions LLC - Defense World

Tue, 23 Jul 2024
Will Modest Revenue Growth Improve Corning's (GLW) Q2 Earnings? - Yahoo Finance

Tue, 23 Jul 2024
Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release - Yahoo Finance

Tue, 23 Jul 2024
Corning (GLW) Paid off in Q2 - Insider Monkey

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Technology
Industry:
Hardware, Equipment & Parts
Shares Out 857 (M)
Shares Float 773 (M)
Held by Insiders 9.6 (%)
Held by Institutions 71.6 (%)
Shares Short 19,140 (K)
Shares Short P.Month 12,930 (K)
Stock Financials
EPS 0.72
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 13.71
Profit Margin 4.9 %
Operating Margin 8.6 %
Return on Assets (ttm) 2.8 %
Return on Equity (ttm) 5.7 %
Qtrly Rev. Growth -6.5 %
Gross Profit (p.s.) 0
Sales Per Share 14.46
EBITDA (p.s.) 3.09
Qtrly Earnings Growth 20 %
Operating Cash Flow 2,150 (M)
Levered Free Cash Flow 327 (M)
Stock Valuations
PE Ratio 59.51
PEG Ratio 1.7
Price to Book value 3.12
Price to Sales 2.96
Price to Cash Flow 17.07
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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