Here Are the Facts You Need to Understand GLW

Shares of Industrials sector company Corning moved 1.3% today, and are now trading at a price of $37.35. The Large-Cap stock's daily volume was 8,783,634 compared to its average volume of 4,826,222. 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 $31,994,718,208. Corning currently offers its equity investors a dividend that yields 3.0% per year.

12 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 3.98% away from its average analyst target price of $35.92 per share.

Over the last year, GLW's share price has increased by 11.7%, which represents a difference of -11.0% when compared to the S&P 500. The stock's 52 week high is $37.57 per share whereas 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 is in a position to continue its strong stock performance trend.

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
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.