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 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
104% more call options, than puts
Call options by funds: $562M | Put options by funds: $275M
78% more first-time investments, than exits
New positions opened: 173 | Existing positions closed: 97
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: $24.9B [Q2] → $27.1B (+$2.23B) [Q3]
6% more funds holding
Funds holding: 1,257 [Q2] → 1,333 (+76) [Q3]
4.46% less ownership
Funds ownership: 74.85% [Q2] → 70.39% (-4.46%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 438 | Existing positions reduced: 501
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$48
1%
upside
Avg. target
$54
14%
upside
High target
$60
27%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Morgan Stanley Meta Marshall 54% 1-year accuracy 14 / 26 met price target | 1%upside $48 | Equal-Weight Maintained | 17 Dec 2024 |
Oppenheimer Martin Yang 72% 1-year accuracy 23 / 32 met price target | 23%upside $58 | Outperform Reiterated | 30 Oct 2024 |
JP Morgan Samik Chatterjee 56% 1-year accuracy 37 / 66 met price target | 27%upside $60 | Overweight Maintained | 30 Oct 2024 |
UBS Joshua Spector 39% 1-year accuracy 15 / 38 met price target | 8%upside $51 | Neutral Maintained | 30 Oct 2024 |
Deutsche Bank Matthew Niknam 58% 1-year accuracy 11 / 19 met price target | 14%upside $54 | Buy Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 6 articles about GLW published over the past 30 days
Positive
Benzinga
5 days 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 week 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
3 weeks 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
3 weeks 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
3 weeks 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
3 weeks 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.
Positive
Zacks Investment Research
1 month ago
Why Corning (GLW) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Negative
TechCrunch
1 month ago
Corning, maker of toughened Gorilla Glass for phones, faces EU antitrust probe
On Wednesday, the European Union opened an investigation of U.S. manufacturer Corning over possible anti-competitive practices. Corning may not be a name that's super familiar to the average tech consumer, but you are almost certainly within touching distance of its products as its a leading supplier of speciality toughened glass for mobile devices, including Apple's iPhone.
Positive
Zacks Investment Research
1 month ago
Here's Why Corning (GLW) is a Strong Value 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.
Neutral
Zacks Investment Research
1 month ago
GLW or ANET: Which Is the Better Value Stock Right Now?
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 stocks is more attractive to value investors?
Charts implemented using Lightweight Charts™