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 7,390 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
161% more first-time investments, than exits
New positions opened: 201 | Existing positions closed: 77
32% more funds holding in top 10
Funds holding in top 10: 25 [Q3] → 33 (+8) [Q4]
7% more funds holding
Funds holding: 1,340 [Q3] → 1,440 (+100) [Q4]
7% more capital invested
Capital invested by funds: $27.7B [Q3] → $29.6B (+$1.82B) [Q4]
0.32% less ownership
Funds ownership: 72.02% [Q3] → 71.71% (-0.32%) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 475 | Existing positions reduced: 528
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$52
4%
upside
Avg. target
$60
19%
upside
High target
$68
36%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
B of A Securities Wamsi Mohan 60% 1-year accuracy 51 / 85 met price target | 36%upside $68 | Buy Maintained | 19 Mar 2025 |
HSBC Stephen Bersey 78% 1-year accuracy 7 / 9 met price target | 20%upside $60 | Buy Upgraded | 30 Jan 2025 |
Barclays Tim Long 61% 1-year accuracy 34 / 56 met price target | 4%upside $52 | Equal-Weight Maintained | 29 Jan 2025 |
Citigroup Asiya Merchant 18% 1-year accuracy 6 / 34 met price target | 16%upside $58 | Buy Maintained | 21 Jan 2025 |
Financial journalist opinion
Based on 10 articles about GLW published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Corning Upgrades Guidance on Solid Customer Growth: Stock to Gain?
GLW upgrades its guidance backed by robust demand for its optical connectivity products, the launch of solar energy solutions and a price hike in display technologies.
Neutral
Seeking Alpha
5 days ago
Corning Incorporated (GLW) Investor Event Conference Call (Transcript)
Corning Incorporated (NYSE:GLW ) Investor Event Conference Call March 18, 2025 8:45 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Mike O'Day - SVP & GM, Optical Communication Dr. Claudio Mazzali - Vice President, Global Research Hal Nelson - SVP & GM, Automotive, Life Sciences & Solar Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Tim Long - Barclays Samik Chatterjee - JPMorgan Asiya Merchant - Citi Josh Spector - UBS Matt Niknam - Deutsche Bank Peter O'Keefe - O'Keefe Stevens Advisory Woo Jin Ho - Bloomberg Intelligence Ann Nicholson Good morning, everybody. It's my pleasure to welcome you to Corning's Investor Event right here at the Stock Exchange.
Positive
WSJ
6 days ago
Corning Bumps Up Long-Term Targets
The maker of specialty glass for TV screens and smartphones gave its long-term financial targets a boost as it makes progress on its so-called “Springboard” plan to add billions of dollars in sales in the coming years.
Positive
Zacks Investment Research
6 days ago
Restructuring Efforts Buoy GLW: Can the Stock Sustain This Growth?
With a reorganized operating structure, Corning is benefiting from improved demand and commercialization of its innovations.
Neutral
Business Wire
6 days ago
Corning Upgrades High-Confidence Springboard Plan to Now Add More Than $4 Billion in Annualized Sales, and to Achieve Operating Margin of 20%, by End of 2026 (1)
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced an upgrade to its Springboard plan, along with details on the key milestones achieved across the company, at an investor event in New York City. Wendell P. Weeks, chairman and chief executive officer, said, “Today, we upgraded our high-confidence Springboard plan to now add more than $4 billion in annualized sales, and to achieve operating margin of 20%, by the end of 2026. We expect our upgraded sales to come with.
Positive
CNBC Television
6 days ago
Corning CEO on growth plan: Everything we see continues to point to strong demand over near-term
Corning chairman and CEO Wendell Weeks joins 'Squawk Box' to discuss updates to the company's 'Springboard' plan, new Q1 guidance, impact of generative AI and infrastructure buildout, the company's solar division, and more.
Positive
Seeking Alpha
1 week ago
Corning: Buy The Dip
Corning's drop in price presents a great buying opportunity for value and growth investors. Its strong growth in optical communications, driven by AI and data center demand, supports its robust fundamentals and future potential. Strategic partnerships with Lumen Technologies and AT&T bolster Corning's position in expanding fiber infrastructure, enhancing its growth trajectory.
Positive
Reuters
2 weeks ago
Tech company Corning, US solar manufacturers partner on American-made panel
Technology company Corning has struck a deal with U.S. solar manufacturers Suniva and Heliene to produce what will be the only solar panel composed of all American-made components, the companies said on Thursday.
Neutral
Business Wire
2 weeks ago
Corning, Suniva and Heliene Announce First ‘Made in America' Solar Module Supply Chain
CORNING, N.Y. & NORCROSS, Ga. & MOUNTAIN IRON, Minn.--(BUSINESS WIRE)--Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells, and Heliene Inc., a leading U.S. solar PV module manufacturer, today announced a landmark deal with Corning Incorporated (NYSE: GLW) to provide the U.S. domestic market with the only solar module made with polysilicon, wafers and cells manufactured in the United States. Corning is supplying the wafers and, as the majority.
Negative
Zacks Investment Research
3 weeks ago
Why Is Corning (GLW) Down 2% Since Last Earnings Report?
Corning (GLW) reported earnings 30 days ago. What's next for the stock?
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