Bulletin
Investor Alert

New York Markets Open in:

Corning Inc.

NYS: GLW

GO
/marketstate/country/us

Before the Bell

 --Real time quotes

Nov 24, 2020, 8:08 a.m.

GLW
/zigman2/quotes/200045496/composite

$

37.00

Change

+0.37 +1.01%

Volume

Volume 2,003

Real time quotes

/zigman2/quotes/200045496/composite

Previous close

$ 36.63

$ 36.63

Change

+0.33 +0.91%

Day low

Day high

$36.30

$36.84

Open

52 week low

52 week high

$17.44

$37.13

Open

Company Description

Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic s...

Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

Valuation

P/E Current

33.99

P/E Ratio (with extraordinary items)

147.36

P/E Ratio (without extraordinary items)

27.26

Price to Sales Ratio

2.28

Price to Book Ratio

2.09

Price to Cash Flow Ratio

12.89

Enterprise Value to EBITDA

12.10

Enterprise Value to Sales

2.99

Total Debt to Enterprise Value

0.24

Efficiency

Revenue/Employee

232,384.00

Income Per Employee

19,394.00

Receivables Turnover

6.09

Total Asset Turnover

0.41

Liquidity

Current Ratio

2.12

Quick Ratio

1.46

Cash Ratio

0.69

Profitability

Gross Margin

32.28

Operating Margin

11.26

Pretax Margin

10.57

Net Margin

8.35

Return on Assets

3.40

Return on Equity

7.19

Return on Total Capital

6.30

Return on Invested Capital

4.70

Capital Structure

Total Debt to Total Equity

77.80

Total Debt to Total Capital

39.00

Total Debt to Total Assets

28.56

Long-Term Debt to Equity

77.11

Long-Term Debt to Total Capital

38.65

Officers and Executives

Name Age Officer Since Title
Mr. Wendell P. Weeks 59 1983 Chairman & Chief Executive Officer
Mr. Eric S. Musser 59 1986 President & Chief Operating Officer
Mr. R. Tony Tripeny 59 1985 Chief Financial Officer & Executive Vice President
Ms. Anne Mullins - 2019 Chief Information Officer & Senior Vice President
Dr. David L. Morse 66 1976 Senior Vice President, Director-Corporate Research

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
11/19/2020 Clark S. Kinlin
Executive Vice President
2,850   Gift at $0 per share. 0
11/19/2020 John P. Bayne
SVP &GM, Mobile Consumer Elec.
14,360   Disposition at $35.84 per share. 514,662
11/19/2020 John P. Bayne
SVP &GM, Mobile Consumer Elec.
7,389   Derivative/Non-derivative trans. at $14.5 per share. 107,140
11/19/2020 John P. Bayne
SVP &GM, Mobile Consumer Elec.
6,971   Derivative/Non-derivative trans. at $15.37 per share. 107,144
11/18/2020 Clark S. Kinlin
Executive Vice President
9,140   Disposition at $36.4 per share. 332,696
11/18/2020 Clark S. Kinlin
Executive Vice President
23,236   Disposition at $36.38 per share. 845,325
11/18/2020 Clark S. Kinlin
Executive Vice President
23,236   Derivative/Non-derivative trans. at $15.37 per share. 357,137
11/09/2020 Li Fang
Pres&GM, Corning Greater China
3,409   Disposition at $36.34 per share. 123,883
11/09/2020 Li Fang
Pres&GM, Corning Greater China
1,093   Derivative/Non-derivative trans. at $22.03 per share. 24,078
11/09/2020 Li Fang
Pres&GM, Corning Greater China
1,061   Derivative/Non-derivative trans. at $22.69 per share. 24,074
11/09/2020 Li Fang
Pres&GM, Corning Greater China
1,255   Derivative/Non-derivative trans. at $19.19 per share. 24,083
11/05/2020 David L. Morse
Exec. VP & Chief Tech. Officer
200   Disposition at $34.68 per share. 6,936
11/05/2020 David L. Morse
Exec. VP & Chief Tech. Officer
100   Derivative/Non-derivative trans. at $22.69 per share. 2,269
11/05/2020 David L. Morse
Exec. VP & Chief Tech. Officer
100   Derivative/Non-derivative trans. at $19.19 per share. 1,919
11/03/2020 Eric S. Musser
President and COO
25,357   Disposition at $33.74 per share. 855,545
11/03/2020 Edward A. Schlesinger
Senior VP & Controller
6,247   Disposition at $33.55 per share. 209,586
11/03/2020 Eric S. Musser
President and COO
11,967   Derivative/Non-derivative trans. at $20.89 per share. 249,990
11/03/2020 Eric S. Musser
President and COO
13,390   Derivative/Non-derivative trans. at $18.67 per share. 249,991
11/03/2020 Edward A. Schlesinger
Senior VP & Controller
2,054   Derivative/Non-derivative trans. at $21.3 per share. 43,750
11/03/2020 Edward A. Schlesinger
Senior VP & Controller
2,092   Derivative/Non-derivative trans. at $20.91 per share. 43,743
11/03/2020 Edward A. Schlesinger
Senior VP & Controller
2,101   Derivative/Non-derivative trans. at $20.82 per share. 43,742
09/17/2020 Wendell P. Weeks
Chairman and CEO; Director
54,917   Disposition at $32.47 per share. 1,783,154
09/16/2020 R. Tony Tripeny
Exec. Vice President and CFO
21,685   Disposition at $33.07 per share. 717,122
09/16/2020 R. Tony Tripeny
Exec. Vice President and CFO
14,456   Derivative/Non-derivative trans. at $12.97 per share. 187,494
09/16/2020 R. Tony Tripeny
Exec. Vice President and CFO
7,229   Derivative/Non-derivative trans. at $12.9 per share. 93,254
09/14/2020 Jeffrey W. Evenson
Exec. VP & Chief Strategy Off
19,477   Disposition at $32.7 per share. 636,897
09/14/2020 Jeffrey W. Evenson
Exec. VP & Chief Strategy Off
19,477   Derivative/Non-derivative trans. at $18.54 per share. 361,103
09/11/2020 Martin J. Curran
Exec. VP & Innovation Officer
41,484   Disposition at $31.75 per share. 1,317,117
09/11/2020 Martin J. Curran
Exec. VP & Innovation Officer
20,138   Derivative/Non-derivative trans. at $15.37 per share. 309,521
09/11/2020 Martin J. Curran
Exec. VP & Innovation Officer
21,346   Derivative/Non-derivative trans. at $14.5 per share. 309,517
09/03/2020 David L. Morse
Exec. VP & Chief Tech. Officer
3,100   Gift at $0 per share. 0
/news/latest/company/us/glw

MarketWatch News on GLW

  1. Corning Inc. stock rises Monday, outperforms market

    6:24 p.m. Nov. 23, 2020

    - MarketWatch Automation

  2. Corning Inc. stock falls Friday, still outperforms market

    6:24 p.m. Nov. 20, 2020

    - MarketWatch Automation

  3. Corning Inc. stock rises Thursday, outperforms market

    6:24 p.m. Nov. 19, 2020

    - MarketWatch Automation

  4. Corning Inc. stock outperforms market despite losses on the day

    6:25 p.m. Nov. 18, 2020

    - MarketWatch Automation

  5. Corning Inc. stock underperforms Tuesday when compared to competitors

    6:24 p.m. Nov. 17, 2020

    - MarketWatch Automation

  6. Corning Inc. stock outperforms market on strong trading day

    6:24 p.m. Nov. 16, 2020

    - MarketWatch Automation

  7. Corning Inc. stock outperforms market on strong trading day

    6:25 p.m. Nov. 13, 2020

    - MarketWatch Automation

  8. Corning Inc. stock falls Thursday, underperforms market

    6:25 p.m. Nov. 12, 2020

    - MarketWatch Automation

  9. Corning Inc. stock underperforms Tuesday when compared to competitors

    5:14 p.m. Oct. 27, 2020

    - MarketWatch Automation

  10. Corning Stock Slips Despite Solid Earnings

    11:09 a.m. Oct. 27, 2020

    - Barron's Online

  11. Here’s How Investors Reacted to Apple’s iPhone 12 Debut

    4:44 p.m. Oct. 13, 2020

    - Barron's Online

  12. Apple Has Finally Unveiled 5G iPhones. What to Know.

    10:43 a.m. Oct. 14, 2020

    - Barron's Online

  13. Corning's stock jumps after upbeat sales outlook

    6:30 a.m. Sept. 9, 2020

    - Tomi Kilgore

  14. Corning Q3 sales expected to rise 'low-teen' percentage sequentially; FactSet consensus implies 7.3% rise

    6:22 a.m. Sept. 9, 2020

    - Tomi Kilgore

  15. 13 Stocks That Both Growth and Value Investors Will Love

    7:34 a.m. Sept. 9, 2020

    - Barron's Online

  16. Corning Earnings Top Street Estimates, but the Stock Slips Anyway

    11:21 a.m. July 28, 2020

    - Barron's Online

  17. Buy Corning Stock to Play Strong TV and Phone Demand, Analyst Says

    11:16 a.m. July 16, 2020

    - Barron's Online

  18. Corning stock price target raised to $36 from $25 at J.P. Morgan

    5:56 a.m. July 16, 2020

    - Tomi Kilgore

  19. Corning upgraded to overweight from neutral at J.P. Morgan

    5:56 a.m. July 16, 2020

    - Tomi Kilgore

  20. Loading more headlines...
/news/nonmarketwatch/company/us/glw

Other News on GLW

  1. 3M Is In The Sweet Spot Of Its Fair Value

    12:19 p.m. Nov. 16, 2020

    - Seeking Alpha

  2. Covid-19 Vaccines Could Depend on the Strength of This Vial

    5:26 p.m. Nov. 13, 2020

    - Jared S. Hopkins

  3. Jeff Auxier Comments on Corning

    11:46 a.m. Nov. 9, 2020

    - GuruFocus.com

  4. Ubiquiti (UI) Stock Gains on Q1 Earnings & Revenue Beat

    8:50 a.m. Nov. 9, 2020

    - Zacks.com

  5. Corning: Illusory EPS And 'Leaky Equity Bucket' - Avoid

    12:15 p.m. Nov. 4, 2020

    - Seeking Alpha

  6. Smart Cars Are Getting Much Smarter

    1:28 a.m. Nov. 4, 2020

    - Seeking Alpha

  7. Loading more headlines...

At a Glance

Corning, Inc.

One Riverfront Plaza

Corning, New York 14831

Phone

1 6079749000

Industry

Industrial Products

Sector

Industrial Goods

Fiscal Year-end

12/2020

Revenue

$11.50B

Net Income

$960.00M

2019 Sales Growth

1.9%

Employees

49,500

/news/pressrelease/company/us/glw

Press Releases on GLW

  1. Corning Reports Third-Quarter 2020 Results

    7:16 a.m. Oct. 27, 2020

    - GlobeNewswire

  2. Corning Reports Third-Quarter 2020 Results

    7:15 a.m. Oct. 27, 2020

    - GlobeNewswire

  3. Daily Dividend Report: SIRI,GLW,EPD,AYI,ALLY

    12:00 p.m. Oct. 7, 2020

    - MarketNewsVideo.com

  4. Corning Announces Quarterly Dividend

    11:16 a.m. Oct. 7, 2020

    - GlobeNewswire

  5. Loading more headlines...
Link to MarketWatch's Slice.