|Bid||28.90 x 900|
|Ask||28.91 x 1800|
|Day's Range||28.75 - 29.10|
|52 Week Range||26.75 - 35.34|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||21.46|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||0.80 (2.73%)|
|1y Target Est||31.47|
Moody's Investors Service ("Moody's") assigned a Baa1 rating to Corning Incorporated's ("Corning") new unsecured notes. The issuance does not impact other ratings of Corning, including the Baa1 senior unsecured or P-2 short-term ratings. The increase in debt from the notes offering will result in debt-to-EBITDA approaching the mid 2x level, above the low 2x range we had expected for Corning.
Corning (GLW) reported September quarter revenues of $2.97 billion, above the $2.89 billion consensus estimate. Earnings of 44¢ a share soundly beat expectations for 40 cents, explains Michael Murphy, editor of New World Investor.
October is over, much to the delight of investors, mainly because it historically experienced 37% greater monthly price fluctuations than the average for the other 11 months since 1945, notes analyst Sam Stovall, chief investment strategist for CFRA Research's The Outlook.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Corning Incorporated and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Corning (ticker: GLW) warned last month that it was seeing lower-than-expected demand for its television display glass and fiber-optic cable products as some customers reduced their spending, and took down its previous guidance for the third quarter.
Corning's (GLW) third-quarter results benefit from ongoing actions to reduce operating costs, align capacity to demand in Display Technologies, and speed up capital projects in Optical Communications.
Corning (GLW) delivered earnings and revenue surprises of 10.00% and 2.62%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
CORNING, N.Y. , Oct. 29, 2019 -- Corning Incorporated (NYSE: GLW) today announced results for its third quarter ended Sept. 30, 2019. Results are consistent with the early.
Corning Inc. is expected to report net income of $357 million, or 40 cents a share, on sales of $2.9 billion before the market opens on Tuesday, based on a FactSet survey of 12 analysts. In the upcoming quarter analysts are forecasting net income of $404.3 million, or 46 cents a share, on sales of $2.7 billion. Corning is currently trading at a price-to-forward-earnings ratio of 16.3 based on the 12-month estimates of 12 analysts surveyed by FactSet.
Corning (NYSE: GLW ) will be releasing its next round of earnings this Tuesday. For all of the relevant information, here is your guide for the Q3 earnings announcement. Earnings and Revenue Corning EPS ...
The pharmaceutical packaging technology of Corning (GLW) gets FDA approval to enhance the storage and delivery of drugs, providing quality assurance for pharmaceutical manufacturers.
Corning Incorporated (GLW) today announced that a leading pharmaceutical manufacturer has received FDA approval of Corning Valor® Glass for use as a primary package for a marketed drug product. Valor Glass has been specifically designed for pharmaceutical applications, and this approval makes Valor Glass the first and only fundamentally new glass composition to be approved by the FDA since the advent of borosilicate glass more than 100 years ago.
Softness in Display Technologies and Optical Communications business segments is likely to have hurt Corning's (GLW) third-quarter 2019 financial performance.
While Ericsson (ERIC) misses third-quarter 2019 earnings estimates, AT&T's (T) advertising unit Xandr acquires Clypd to expand into the television ad realm.
The strategic alliance combines Corning's (GLW) wireless connectivity portfolio and Intel's cutting-edge technologies to boost the availability of 5G in buildings.
Corning Incorporated (GLW) and Intel (INTC) today announced a strategic collaboration to accelerate the availability of 5G in buildings. The two companies will work together to deliver a virtual platform for Corning’s 5G network solutions powered by Intel® Xeon® Scalable processors and Intel® FlexRAN Reference Software Architecture. “5G will enable dramatic advances in the way people work and companies create value,” said Michelle Engarto, vice president, Wireless Product Line Management, Corning Optical Communications.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
Corning Incorporated’s (GLW) Board of Directors today declared a quarterly dividend of $0.20 per share on the company’s common stock. This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially.
The Trump administration placed 28 Chinese entities on a blacklist, citing alleged human rights violations against Muslim minorities in the country. Firms on the list include surveillance companies and artificial intelligence startups. Tony Nash, Founder & CEO of Complete Intelligence, joins Akiko Fujita on The Ticker to discuss.