The Critical Facts About Corning Today

Large-cap Technology company Corning has logged a -0.8% change today on a trading volume of 2,435,019. The average volume for the stock is 3,410,582.

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Based in Corning, United States the company has 57,500 full time employees and a market cap of $23,449,513,984. Corning currently offers its equity investors a dividend that yields 4.0% per year.

The company is now trading -25.31% away from its average analyst target price of $36.8 per share. The 10 analysts following the stock have set target prices ranging from $33.0 to $42.0, and on average give Corning a rating of buy.

Over the last 12 months GLW shares have declined by -15.0%, which represents a difference of -30.0% when compared to the S&P 500. The stock's 52 week high is $37.1 per share and its 52 week low is $25.26. With its net margins declining an average -0.2% over the last 6 years, Corning declining profitability gives us reason to believe its stock price will continue to underwhelm.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023 13,315,000 1,316,000 10 0.0
2022 14,189,000 1,386,000 10 -28.57
2021 14,082,000 1,906,000 14 180.0
2020 11,303,000 523,000 5 -44.44
2019 11,503,000 979,000 9 -10.0
2018 11,290,000 1,090,000 10
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.