Commodity Channel Index
|Bid||31.51 x 2200|
|Ask||31.51 x 800|
|Day's Range||31.19 - 31.59|
|52 Week Range||28.98 - 37.73|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||29.18|
|Earnings Date||Jul 24, 2023 - Jul 28, 2023|
|Forward Dividend & Yield||1.12 (3.63%)|
|Ex-Dividend Date||May 30, 2023|
|1y Target Est||37.00|
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With its stock down 7.1% over the past three months, it is easy to disregard Corning (NYSE:GLW). However, the company's...
Despite the price increase, Corning (GLW) expects demand for glass products to pick up in the second half of the year, driven by the continued recovery of the display industry.
Corning, N.Y., May 23, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) is announcing a 20% increase to its display glass substrate prices. The global price increase will impact all regions, compositions, and glass Gen sizes beginning in the third quarter of 2023. This price adjustment is intended to offset ongoing elevated costs in energy, raw materials, and other non-yen denominated operational expenses during this period of extended inflation which has impacted many global industries
Fifth-generation (5G) wireless technology is igniting a digital renaissance worldwide. The sector is brimming with contenders that could potentially become juggernauts in the space. However, in selecting the best 5G stocks to buy now, it’s imperative to exercise caution. After all, with any technology, such as 5G, the potential for a robust upside is massive. Unfortunately, it can also carry strong market volatility, regulatory uncertainty, and higher valuations. With the market in a downturn, t
The construction materials company has enjoyed strong earnings growth in the past 3 years
Technology stocks get a reputation as high-flying, high-risk bold investments, but that's not always true. Plenty of technology companies with dependable, steady business models pump out cash that gets funneled to shareholders as dividends. Long-term dividend investors should diversify their portfolios to reflect as many industries as possible, including sprinkling in some tech names.
Key Insights Corning's estimated fair value is US$36.91 based on 2 Stage Free Cash Flow to Equity Current share price...
Now is an excellent time to research the top blue-chip stocks to buy for the long haul. It’s safe to say that investors are stuck in a market that shows little conviction. This is frustrating for bulls and bears. One problem is valuation. Many stocks still are trading at a premium to the market. This includes some blue-chip stocks. Some, but not all. And that’s where there’s an opportunity for investors who have the patience to look for the top blue-chip stocks to buy. InvestorPlace - Stock Mark
Corning Incorporated (NYSE:GLW) Q1 2023 Earnings Call Transcript April 25, 2023 Corning Incorporated beats earnings expectations. Reported EPS is $0.41, expectations were $0.39. Operator: Welcome to the Corning Inc. Quarter 1 2023 Earnings Call. . It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations. Ann Nicholson: Thank you, and […]
Corning Incorporated's ( NYSE:GLW ) dividend will be increasing from last year's payment of the same period to $0.28 on...
Arista Networks, Corning and TESSCO have been highlighted in this Industry Outlook article.
CORNING, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 29, 2023, to shareholders of record on May 31, 2023. Caution Concerning Forward-Looking StatementsThe 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
Increased fiber densification and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and TESS are well-positioned to make the most of the demand for seamless connectivity solutions.
Corning Inc (NYSE: GLW) reported a first-quarter FY23 core sales decline of 10% year-on-year to $3.37 billion, beating the consensus of $3.34 billion. Display Technologies sales declined 20% Y/Y and 3% Q/Q to $763 million due to a decline in volume and glass price. Optical Communications sales declined by 6% Y/Y and Q/Q to $1.13 billion, reflecting a greater-than-normal seasonal volume decline associated with the pacing of customer projects. Specialty Materials sales decreased by 18% Y/Y and 20%
Corning (GLW) reported lower revenues year over year in the first quarter 2023 due to low demand in multiple key markets and weakness in China.
Shares of the company, whose Gorilla glass is used in smartphones of companies including Apple Inc and Samsung Electronics, rose 2% in premarket trading. Price increases meant that "profitability improved despite sequentially lower sales, which were impacted by recession-level demand in several key markets and overall weakness in China, as anticipated," CEO and Chairman Wendell Weeks said. Core gross margin increased by 160 basis points sequentially to 35.2% in the first three months of the year, helping Corning post an adjusted profit of 41 cents per share that was more than expectations of 39 cents, according to Refinitiv data.
First-quarter sales and EPS were as expected, reflecting the impact of anticipated recession-level demand in several key markets and overall weakness in China; Pricing and productivity-improvement actions drove sequential increases in both gross and operating margin percentages despite lower sales; Display Technologies’ volume increased late in the quarter as conditions improved and panel maker utilization resumed its recovery; Management expects second-quarter improvement in sales, profitabilit
As we march forward toward a hyperconnected future, the importance of 5G stocks is becoming increasingly evident. 5G, the fifth generation of cellular network technology, will likely revolutionize communication, offering stronger speeds, more reliable connections, and a myriad of opportunities for innovation. Moreover, with over 250 global commercial 5G network deployments already and robust momentum in mid-band and high-band spectrum auctions, the 5G future is full of promise. For those interes
General Electric, Kimberly-Clark, Corning, Raytheon Technologies and Align Technology are included in this Analyst Blog.
We have narrowed our search to five U.S. corporate bigwigs that are set to report first-quarter 2023 earnings results next week. These are: GE, KMB, GLW, RTX and ALGN.
Corning is likely to have witnessed a revenue contraction year over year owing to macroeconomic uncertainty. However, the launch of innovative products is likely to cushion the top line.
Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fellowship recipient Dr. Francisco Sanchez-Vega will research factors that lead to negative colorectal cancer outcomes in Black communitiesCORNING, N.Y., April 13, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) and Memorial Sloan Kettering Cancer Center (MSK) announced today that Dr. Francisco Sanchez-Vega, Ph.D., has been awarded the Corning-MSK Health Equity Research Fellowship, a two-year grant that funds research into the broad disparities in cancer outcomes for patients in histor
CommScope and Corning announced increased fiber-optic cable capacity in North Caroline in a boost to the Biden administration's "Internet for All" plan.