Key Details
Price
$48.26Last Dividend
$0.28Annual ROE
4.81%Beta
0.87Events Calendar
Next earnings date:
Jan 30, 2025Recent quarterly earnings:
Oct 29, 2024Recent annual earnings:
Jan 30, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 15, 2024Next split:
N/ARecent split:
Oct 04, 2000Analyst ratings
Recent major analysts updates
Screeners with GLW included
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
This month, the European Union started an investigation into Corning due to worries about possible exclusive agreements. In response, the company that makes Gorilla Glass has proposed several changes to its contract terms to help resolve the issue.
The Zacks Style Scores help investors quickly identify highly-rated stocks that match their investment preferences. Here are some reasons to make the most of this tool.
No matter if you focus on value, growth, or momentum investing, discovering solid stocks is simpler with the Zacks Style Scores, which is a key aspect of the Zacks Premium research service.
Corning Incorporated's stock has increased in value over the past year since my last positive view on it. Recently, GLW announced impressive Q3 results and is experiencing strong demand driven by AI and data centers from major telecom companies. Additionally, Corning offers a good dividend yield, has a solid financial position, and is considered a growth stock at a fair price.
Investors interested in the Communication - Components sector may want to look at Corning (GLW) or Arista Networks (ANET). However, which of these two stocks is more appealing for value investors?
Corning announced impressive results for the third quarter, surpassing expectations for both revenue and profit. They experienced an 8% increase in revenue and a 20% rise in income for Q3, with forecasts suggesting a 15% sales growth and a 40% income boost in Q4. This indicates that Corning is entering a significant growth phase, making it a strong long-term investment option.
No matter if you focus on value, growth, or momentum investing, discovering solid stocks is simpler with the Zacks Style Scores, which is a key part of the Zacks Premium research service.
Corning's impressive results in the third quarter and positive future predictions indicate that GLW stock could rise, appealing to long-term investors. The Optical Communications division is gaining from new products related to generative AI, with possible growth from partnerships with AT&T and Lumen Technologies. Corning anticipates that its operating margins will exceed 20% by 2026, supported by solid gross margins, cash flow, and technical skills.
Corning's latest third-quarter results have given investors a lot to be enthusiastic about.
Corning Incorporated (NYSE:GLW) will hold its Q3 2024 Earnings Conference Call on October 29, 2024, at 8:30 AM ET. The call will feature company representatives, including Ann Nicholson, Wendell Weeks, and Edward Schlesinger, along with participants from various financial institutions. The operator will begin the call by welcoming everyone and thanking them for their patience.
FAQ
- What is the primary business of Corning Incorporated?
- What is the ticker symbol for Corning Incorporated?
- Does Corning Incorporated pay dividends?
- What sector is Corning Incorporated in?
- What industry is Corning Incorporated in?
- What country is Corning Incorporated based in?
- When did Corning Incorporated go public?
- Is Corning Incorporated in the S&P 500?
- Is Corning Incorporated in the NASDAQ 100?
- Is Corning Incorporated in the Dow Jones?
- When was Corning Incorporated's last earnings report?
- When does Corning Incorporated report earnings?
- Should I buy Corning Incorporated stock now?