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 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
172% more call options, than puts
Call options by funds: $625M | Put options by funds: $230M
142% more first-time investments, than exits
New positions opened: 184 | Existing positions closed: 76
28% more funds holding in top 10
Funds holding in top 10: 25 [Q3] → 32 (+7) [Q4]
6% more capital invested
Capital invested by funds: $27.8B [Q3] → $29.4B (+$1.63B) [Q4]
4% more funds holding
Funds holding: 1,338 [Q3] → 1,389 (+51) [Q4]
0.77% less ownership
Funds ownership: 72.18% [Q3] → 71.4% (-0.77%) [Q4]
9% less repeat investments, than reductions
Existing positions increased: 464 | Existing positions reduced: 511
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$48
7%
downside
Avg. target
$55
6%
upside
High target
$60
17%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
HSBC Stephen Bersey 67% 1-year accuracy 8 / 12 met price target | 17%upside $60 | Buy Upgraded | 30 Jan 2025 |
Barclays Tim Long 55% 1-year accuracy 31 / 56 met price target | 1%upside $52 | Equal-Weight Maintained | 29 Jan 2025 |
Citigroup Asiya Merchant 59% 1-year accuracy 19 / 32 met price target | 13%upside $58 | Buy Maintained | 21 Jan 2025 |
Morgan Stanley Meta Marshall 70% 1-year accuracy 19 / 27 met price target | 7%downside $48 | Equal-Weight Maintained | 17 Dec 2024 |
Financial journalist opinion
Based on 24 articles about GLW published over the past 30 days
Neutral
Business Wire
1 day ago
Airspan Announces Agreement to Acquire Corning's Wireless Business
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agreement to acquire the wireless business of Corning Incorporated (NYSE:GLW). The transaction is subject to regulatory approval and is expected to close in Q1 2025. Corning's wireless business includes its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access n.
Positive
Zacks Investment Research
1 day ago
3 Communication Stocks Set to Ride on Healthy Fiber & Cloud Traction
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 AUDC are well-positioned to make the most of the demand for seamless connectivity solutions.
Positive
Zacks Investment Research
3 days ago
5 Dividend Stocks That Investors May Bank On for Growth
Tapestry, RTX, Cintas, Broadcom and Corning promise growth for investors.
Positive
Zacks Investment Research
3 days ago
Corning Surges 65% in the Past Year: Reason to Buy GLW Stock?
GLW is likely to benefit from improved demand and commercialization of its innovations and appears to be a solid investment option at the moment.
Neutral
24/7 Wall Street
1 week ago
Billionaire David Tepper's Appaloosa Jumps Out of Adobe and Into This Iconic Company
David Tepper's hedge fund, Appaloosa LP , filed its Q4 2024 13F holdings report recently.
Neutral
Business Wire
1 week ago
Corning Announces Quarterly Dividend
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2025, to shareholders of record on February 28, 2025. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,”.
Positive
Zacks Investment Research
2 weeks ago
Here's Why Corning (GLW) is a Strong Momentum Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Positive
Seeking Alpha
2 weeks ago
Corning Q4: Accelerating Growth Supports Buy Rating
Corning's Q4 2024 results exceeded expectations in revenue and EPS, with optimistic guidance for Q1 2025, reinforcing my long-term Buy rating. The company has entered a period of accelerated revenue growth, with margins expanding even more rapidly. Despite somewhat elevated valuation multiples, the stock has significant room for growth, with a $61 price target for 2025 under a base-case scenario.
Positive
Zacks Investment Research
2 weeks ago
These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Neutral
Zacks Investment Research
2 weeks 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 stocks offers value investors a better bang for their buck right now?
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