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How to buy Corning Incorporated stock | $31.97
Own Corning Incorporated stock in just a few minutes.
Corning Incorporated is an electronic components business based in the US. Corning Incorporated shares (GLW) are listed on the NYSE and all prices are listed in US Dollars. Corning Incorporated employs 49,500 staff and has a trailing 12-month revenue of around USD$10.7 billion.
How to buy shares in Corning Incorporated
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Corning Incorporated Find the stock by name or ticker symbol: GLW. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Corning Incorporated reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$31.97, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Corning Incorporated, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Corning Incorporated. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- GLW shares summary
- Compare share dealing platforms
- Is GLW stock a buy or sell?
- Stock performance over time
- Can I short GLW shares?
- Is GLW suitable for ethical investing?
- Are GLW shares over-valued?
- Corning Incorporated's financials
- How volatile are GLW shares?
- Does Corning Incorporated pay a dividend?
- Have GLW shares ever split?
- Other common questions
Corning Incorporated share price
Use our graph to track the performance of GLW stocks over time.Corning Incorporated shares at a glance
Information last updated 2020-09-25.
| Latest market close | USD$31.97 |
|---|---|
| 52-week range | USD$17.44 - USD$33.86 |
| 50-day moving average | USD$32.2837 |
| 200-day moving average | USD$25.9746 |
| Wall St. target price | USD$31.69 |
| PE ratio | 234.4286 |
| Dividend yield | USD$0.88 (2.87%) |
| Earnings per share (TTM) | USD$0.136 |
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Is it a good time to buy Corning Incorporated stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Corning Incorporated price performance over time
Historical closes compared with the close of $31.97 from 2020-09-29
| 1 week (2020-09-24) | 4.17% |
|---|---|
| 1 month (2020-09-01) | -2.68% |
| 3 months (2020-07-01) | 24.59% |
| 6 months (2020-04-01) | 67.29% |
| 1 year (2019-10-01) | 15.08% |
|---|---|
| 2 years (2018-10-01) | -9.38% |
| 3 years (2017-09-29) | 6.85% |
| 5 years (2015-10-01) | 89.96% |
Is Corning Incorporated under- or over-valued?
Valuing Corning Incorporated stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Corning Incorporated's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Corning Incorporated's P/E ratio
Corning Incorporated's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 234x. In other words, Corning Incorporated shares trade at around 234x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Corning Incorporated's PEG ratio
Corning Incorporated's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5694. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Corning Incorporated's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Corning Incorporated's EBITDA
Corning Incorporated's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$2.3 billion.
The EBITDA is a measure of a Corning Incorporated's overall financial performance and is widely used to measure a its profitability.
Corning Incorporated financials
| Revenue TTM | USD$10.7 billion |
|---|---|
| Operating margin TTM | 7.02% |
| Gross profit TTM | USD$4 billion |
| Return on assets TTM | 1.7% |
| Return on equity TTM | 1.58% |
| Profit margin | 1.89% |
| Book value | $12.845 |
| Market capitalisation | USD$23.5 billion |
TTM: trailing 12 months
Shorting Corning Incorporated shares
There are currently 14.8 million Corning Incorporated shares held short by investors – that's known as Corning Incorporated's "short interest". This figure is 29.4% down from 20.9 million last month.
There are a few different ways that this level of interest in shorting Corning Incorporated shares can be evaluated.
Corning Incorporated's "short interest ratio" (SIR)
Corning Incorporated's "short interest ratio" (SIR) is the quantity of Corning Incorporated shares currently shorted divided by the average quantity of Corning Incorporated shares traded daily (recently around 4.6 million). Corning Incorporated's SIR currently stands at 3.2. In other words for every 100,000 Corning Incorporated shares traded daily on the market, roughly 3200 shares are currently held short.
However Corning Incorporated's short interest can also be evaluated against the total number of Corning Incorporated shares, or, against the total number of tradable Corning Incorporated shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Corning Incorporated's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Corning Incorporated shares in existence, roughly 20 shares are currently held short) or 0.0195% of the tradable shares (for every 100,000 tradable Corning Incorporated shares, roughly 20 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Corning Incorporated.
Find out more about how you can short Corning Incorporated stock.
Corning Incorporated's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Corning Incorporated.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Corning Incorporated's total ESG risk score
Total ESG risk: 24.2
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Corning Incorporated's overall score of 24.2 (as at 08/01/2020) is pretty good – landing it in it in the 25th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Corning Incorporated is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Corning Incorporated's environmental score
Environmental score: 12.41/100
Corning Incorporated's environmental score of 12.41 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Corning Incorporated's social score
Social score: 9.2/100
Corning Incorporated's social score of 9.2 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Corning Incorporated's governance score
Governance score: 8.08/100
Corning Incorporated's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Corning Incorporated is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Corning Incorporated's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Corning Incorporated scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Corning Incorporated has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Corning Incorporated was last rated for ESG on: 2020-08-01.
| Total ESG score | 24.2 |
|---|---|
| Total ESG percentile | 25.04 |
| Environmental score | 12.41 |
| Environmental score percentile | 5 |
| Social score | 9.2 |
| Social score percentile | 5 |
| Governance score | 8.08 |
| Governance score percentile | 5 |
| Level of controversy | 2 |
Corning Incorporated share dividends
Dividend payout ratio: 600% of net profits
Recently Corning Incorporated has paid out, on average, around 600% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Corning Incorporated shareholders could enjoy a 2.87% return on their shares, in the form of dividend payments. In Corning Incorporated's case, that would currently equate to about $0.88 per share.
Corning Incorporated's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Corning Incorporated's most recent dividend payout was on 30 September 2020. The latest dividend was paid out to all shareholders who bought their shares by 27 August 2020 (the "ex-dividend date").
Have Corning Incorporated's shares ever split?
Corning Incorporated's shares were split on a 3:1 basis on 4 October 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Corning Incorporated shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for Corning Incorporated shares which in turn could have impacted Corning Incorporated's share price.
Corning Incorporated share price volatility
Over the last 12 months, Corning Incorporated's shares have ranged in value from as little as $17.44 up to $33.86. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Corning Incorporated's is 1.1444. This would suggest that Corning Incorporated's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Corning Incorporated overview
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers operator-grade distributed antenna systems; optical network evolution wireless platform; subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. It also offers pharmaceutical glass tubing and packages. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
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