Shares of Technology sector company Corning moved 6.9% today, and are now trading at a price of $33.97. The Large-Cap stock's daily volume was 2,374,921 compared to its average volume of 4,509,927. The S&P 500 index returned a -0.0% performance.
Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company is based in Corning and has 49,800 full time employees. Its market capitalization is $29,056,309,248. Corning currently offers its equity investors a dividend that yields 3.5% per year.
10 analysts are following Corning and have set target prices ranging from $29.0 to $40.0 per share. On average, they have given the company a rating of buy. At today's prices, GLW is trading -2.39% away from its average analyst target price of $34.8 per share.
Over the last year, GLW shares have gone down by -2.2%, which represents a difference of -26.4% when compared to the S&P 500. The stock's 52 week high is $36.02 per share and its 52 week low is $25.26. With average free cash flows of $822.33 Million that have been growing at an average rate of 11.0% over the last 5 years, Corning declining stock performance may not be reflective of the quality of its underlying business.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 2,005,000 | 1,390,000 | 615,000 | -39.17 |
| 2022 | 2,615,000 | 1,604,000 | 1,011,000 | -43.04 |
| 2021 | 3,412,000 | 1,637,000 | 1,775,000 | 121.05 |
| 2020 | 2,180,000 | 1,377,000 | 803,000 | 1415.09 |
| 2019 | 2,031,000 | 1,978,000 | 53,000 | -92.17 |
| 2018 | 2,919,000 | 2,242,000 | 677,000 |
