Shares of Corning have moved -0.7% today, and are now trading at a price of $32.91. In contrast, the S&P 500 index saw a -0.0% change. Today's trading volume is 668,563 compared to the stock's average volume of 4,784,385.
Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. Based in Corning, United States the company has 49,800 full time employees and a market cap of $28,083,560,448. Corning currently offers its equity investors a dividend that yields 3.4% per year.
The company is now trading -5.17% away from its average analyst target price of $34.7 per share. The 10 analysts following the stock have set target prices ranging from $29.0 to $40.0, and on average give Corning a rating of buy.
Over the last 52 weeks, GLW stock has risen 0.9%, which amounts to a -31.1% difference compared to the S&P 500. The stock's 52 week high is $36.02 whereas its 52 week low is $25.26 per share. With its net margins declining an average -10.9% over the last 6 years, Corning may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 13,000,000 | 585,000 | 4 | -55.56 |
| 2022 | 14,189,000 | 1,316,000 | 9 | -35.71 |
| 2021 | 14,082,000 | 1,906,000 | 14 | 180.0 |
| 2020 | 11,303,000 | 512,000 | 5 | -37.5 |
| 2019 | 11,503,000 | 960,000 | 8 | -11.11 |
| 2018 | 11,290,000 | 1,066,000 | 9 | n/a |
