Corning
About: Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Employees: 49,800
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
118% more first-time investments, than exits
New positions opened: 174 | Existing positions closed: 80
105% more call options, than puts
Call options by funds: $566M | Put options by funds: $276M
25% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 25 (+5) [Q3]
9% more capital invested
Capital invested by funds: $25.6B [Q2] → $27.8B (+$2.18B) [Q3]
6% more funds holding
Funds holding: 1,258 [Q2] → 1,335 (+77) [Q3]
4.9% less ownership
Funds ownership: 77.07% [Q2] → 72.17% (-4.9%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 438 | Existing positions reduced: 502
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$48
4%
downside
Avg. target
$54
8%
upside
High target
$60
20%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Morgan Stanley Meta Marshall 80% 1-year accuracy 20 / 25 met price target | 4%downside $48 | Equal-Weight Maintained | 17 Dec 2024 |
Oppenheimer Martin Yang 75% 1-year accuracy 24 / 32 met price target | 16%upside $58 | Outperform Reiterated | 30 Oct 2024 |
JP Morgan Samik Chatterjee 60% 1-year accuracy 37 / 62 met price target | 20%upside $60 | Overweight Maintained | 30 Oct 2024 |
UBS Joshua Spector 59% 1-year accuracy 19 / 32 met price target | 2%upside $51 | Neutral Maintained | 30 Oct 2024 |
Deutsche Bank Matthew Niknam 58% 1-year accuracy 11 / 19 met price target | 8%upside $54 | Buy Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 4 articles about GLW published over the past 30 days
Positive
Zacks Investment Research
4 days ago
GLW or ANET: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Communication - Components sector have probably already heard of Corning (GLW) and Arista Networks (ANET). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
Zacks Investment Research
2 weeks ago
GLW vs. ANET: Which Stock Is the Better Value Option?
Investors looking for stocks in the Communication - Components sector might want to consider either Corning (GLW) or Arista Networks (ANET). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
Zacks Investment Research
2 weeks ago
What Makes Corning (GLW) a New Buy Stock
Corning (GLW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
2 weeks ago
Is Corning (GLW) Outperforming Other Computer and Technology Stocks This Year?
Here is how Corning (GLW) and F5 Networks (FFIV) have performed compared to their sector so far this year.
Positive
Benzinga
1 month ago
Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'
As the tech sector pivots from AI-fueled growth to a broader market recovery, JPMorgan analyst Samik Chatterjee highlights a cyclical rebound powering upside for traditional IT infrastructure and industrial tech.
Positive
Zacks Investment Research
1 month ago
Here's Why Corning (GLW) is a Strong Value Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Positive
Zacks Investment Research
1 month ago
Why Is Corning (GLW) Up 0.4% Since Last Earnings Report?
Corning (GLW) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
1 month ago
3 Communication Stocks Set to Ride on Fiber Network & Cloud Focus
Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and HLIT are well-positioned to make the most of the demand for seamless connectivity solutions.
Neutral
TechCrunch
1 month ago
Corning offers bundle of commitments in bid to settle EU antitrust probe
After the European Union opened a competition investigation into Corning earlier this month, citing concerns over alleged exclusive dealing, the Gorilla Glass maker has offered a raft of changes to its contract clauses aimed at settling the probe.
Neutral
Reuters
1 month ago
Apple supplier Corning offers to waive exclusive deals in EU antitrust probe
The European Commission on Monday said U.S. maker of break resisting glass Corning had offered to waive all exclusive deals with mobile phone manufactures to address concerns over possible anticompetitive behaviour.
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