Is Corning Incorporated Stock a Good Investment?
Corning Incorporated Investment Advice | GLW |
- Examine Corning Incorporated's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Corning Incorporated's leadership team and their track record. Good management can help Corning Incorporated navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electronic Equipment, Instruments & Components space and any emerging trends that could impact Corning Incorporated's business and its evolving consumer preferences.
- Compare Corning Incorporated's performance and market position to its competitors. Analyze how Corning Incorporated is positioned in terms of product offerings, innovation, and market share.
- Check if Corning Incorporated pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Corning Incorporated's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Corning Incorporated stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Corning Incorporated is a good investment.
Sell | Buy |
Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Corning Incorporated Stock
Researching Corning Incorporated's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 73.0% of the company shares are owned by institutional investors. The book value of Corning Incorporated was currently reported as 13.64. The company has Price/Earnings To Growth (PEG) ratio of 0.62. Corning Incorporated last dividend was issued on the 15th of November 2024. The entity had 3:1 split on the 4th of October 2000.
To determine if Corning Incorporated is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Corning Incorporated's research are outlined below:
| Corning Incorporated is unlikely to experience financial distress in the next 2 years | |
| Corning Incorporated has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company shares are owned by institutional investors | |
| On 15th of November 2024 Corning Incorporated paid $ 0.28 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Heres Why Owens Corning is a Strong Growth Stock |
Corning Incorporated Quarterly Accounts Payable |
|
Corning Incorporated uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Corning Incorporated. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Corning Incorporated's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 30th of January 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 30th of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Corning Incorporated's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Corning Incorporated's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2003-01-23 | 2002-12-31 | -0.09 | -0.1 | -0.01 | 11 | ||
1998-04-16 | 1998-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
1996-04-15 | 1996-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2005-07-26 | 2005-06-30 | 0.18 | 0.2 | 0.02 | 11 | ||
2004-07-19 | 2004-06-30 | 0.09 | 0.11 | 0.02 | 22 | ||
2003-10-22 | 2003-09-30 | 0.02 | 0.04 | 0.02 | 100 | ||
2002-10-30 | 2002-09-30 | -0.08 | -0.06 | 0.02 | 25 | ||
2002-07-23 | 2002-06-30 | -0.09 | -0.07 | 0.02 | 22 |
Know Corning Incorporated's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Corning Incorporated is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Corning Incorporated backward and forwards among themselves. Corning Incorporated's institutional investor refers to the entity that pools money to purchase Corning Incorporated's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2024-06-30 | 13.3 M | Northern Trust Corp | 2024-09-30 | 10.7 M | Norges Bank | 2024-06-30 | 10.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 9.7 M | Primecap Management Company | 2024-09-30 | 8.6 M | Amvescap Plc. | 2024-06-30 | 7.9 M | Fidelity International Ltd | 2024-06-30 | 7.3 M | Bank Of New York Mellon Corp | 2024-06-30 | 7.1 M | Legal & General Group Plc | 2024-06-30 | 6.4 M | Vanguard Group Inc | 2024-09-30 | 99 M | Blackrock Inc | 2024-06-30 | 62.2 M |
Corning Incorporated's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 41.67 B.Market Cap |
|
Corning Incorporated's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.03 | |
| Return On Capital Employed | 0.04 | 0.05 | |
| Return On Assets | 0.02 | 0.03 | |
| Return On Equity | 0.05 | 0.05 |
Determining Corning Incorporated's profitability involves analyzing its financial statements and using various financial metrics to determine if Corning Incorporated is a good buy. For example, gross profit margin measures Corning Incorporated's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Corning Incorporated's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Corning Incorporated's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Corning Incorporated. Check Corning Incorporated's Beneish M Score to see the likelihood of Corning Incorporated's management manipulating its earnings.
Evaluate Corning Incorporated's management efficiency
Corning Incorporated has Return on Asset of 0.0275 % which means that on every $100 spent on assets, it made $0.0275 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0193 %, implying that it generated $0.0193 on every 100 dollars invested. Corning Incorporated's management efficiency ratios could be used to measure how well Corning Incorporated manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.03 in 2024. Return On Capital Employed is likely to climb to 0.05 in 2024. At this time, Corning Incorporated's Non Currrent Assets Other are fairly stable compared to the past year. Other Current Assets is likely to climb to about 1.3 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 12 B in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 14.00 | 14.70 | |
| Tangible Book Value Per Share | 10.12 | 5.43 | |
| Enterprise Value Over EBITDA | 12.94 | 8.27 | |
| Price Book Value Ratio | 2.24 | 4.20 | |
| Enterprise Value Multiple | 12.94 | 8.27 | |
| Price Fair Value | 2.24 | 4.20 | |
| Enterprise Value | 26.5 B | 27.8 B |
The decision-making processes within Corning Incorporated are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Dividend Yield 0.0232 | Forward Dividend Yield 0.0232 | Forward Dividend Rate 1.12 | Beta 1.029 |
Basic technical analysis of Corning Stock
As of the 30th of November, Corning Incorporated shows the Mean Deviation of 1.08, risk adjusted performance of 0.1325, and Downside Deviation of 1.48. Corning Incorporated technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Corning Incorporated variance and potential upside to decide if Corning Incorporated is priced correctly, providing market reflects its regular price of 48.67 per share. Given that Corning Incorporated has jensen alpha of 0.0986, we suggest you to validate Corning Incorporated's prevailing market performance to make sure the company can sustain itself at a future point.Corning Incorporated's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Corning Incorporated insiders, such as employees or executives, is commonly permitted as long as it does not rely on Corning Incorporated's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Corning Incorporated insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
John Bayne over three months ago Disposition of 4189 shares by John Bayne of Corning Incorporated at 20.89 subject to Rule 16b-3 | ||
Michael Bell over three months ago Disposition of 2175 shares by Michael Bell of Corning Incorporated at .0245 subject to Rule 16b-3 | ||
John Zhang over three months ago Disposition of 13652 shares by John Zhang of Corning Incorporated subject to Rule 16b-3 | ||
Eric Musser over six months ago Disposition of 31785 shares by Eric Musser of Corning Incorporated at 31.29 subject to Rule 16b-3 | ||
John Bayne over six months ago Disposition of 2305 shares by John Bayne of Corning Incorporated at 31.73 subject to Rule 16b-3 | ||
Jaymin Amin over six months ago Disposition of 2390 shares by Jaymin Amin of Corning Incorporated at 20.92 subject to Rule 16b-3 | ||
John Zhang over six months ago Exercise or conversion by John Zhang of 4951 shares of Corning Incorporated subject to Rule 16b-3 |
Corning Incorporated's Outstanding Corporate Bonds
Corning Incorporated issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Corning Incorporated uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Corning bonds can be classified according to their maturity, which is the date when Corning Incorporated has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US219350BP93 Corp BondUS219350BP93 | View | |
| CORNING INC Corp BondUS219350BQ76 | View | |
| CORNING INC 535 Corp BondUS219350BK07 | View | |
| CORNING INC 585 Corp BondUS219350BL89 | View | |
| CORNING INC 4375 Corp BondUS219350BF12 | View | |
| CORNING INC 575 Corp BondUS219350AV70 | View | |
| US219350AW53 Corp BondUS219350AW53 | View | |
| CORNING INC 725 Corp BondUS219350AR68 | View |
Understand Corning Incorporated's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Corning Incorporated's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1325 | |||
| Market Risk Adjusted Performance | 0.2323 | |||
| Mean Deviation | 1.08 | |||
| Semi Deviation | 1.27 | |||
| Downside Deviation | 1.48 | |||
| Coefficient Of Variation | 598.12 | |||
| Standard Deviation | 1.44 | |||
| Variance | 2.08 | |||
| Information Ratio | 0.0719 | |||
| Jensen Alpha | 0.0986 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | 0.2223 | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.02 | |||
| Downside Variance | 2.19 | |||
| Semi Variance | 1.61 | |||
| Expected Short fall | (1.10) | |||
| Skewness | 0.4047 | |||
| Kurtosis | 1.63 |
| Risk Adjusted Performance | 0.1325 | |||
| Market Risk Adjusted Performance | 0.2323 | |||
| Mean Deviation | 1.08 | |||
| Semi Deviation | 1.27 | |||
| Downside Deviation | 1.48 | |||
| Coefficient Of Variation | 598.12 | |||
| Standard Deviation | 1.44 | |||
| Variance | 2.08 | |||
| Information Ratio | 0.0719 | |||
| Jensen Alpha | 0.0986 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | 0.2223 | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.02 | |||
| Downside Variance | 2.19 | |||
| Semi Variance | 1.61 | |||
| Expected Short fall | (1.10) | |||
| Skewness | 0.4047 | |||
| Kurtosis | 1.63 |
Consider Corning Incorporated's intraday indicators
Corning Incorporated intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Corning Incorporated stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Corning Incorporated Corporate Filings
F4 | 26th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 22nd of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 1st of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 29th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Corning Stock media impact
Far too much social signal, news, headlines, and media speculation about Corning Incorporated that are available to investors today. That information is available publicly through Corning media outlets and privately through word of mouth or via Corning internal channels. However, regardless of the origin, that massive amount of Corning data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Corning Incorporated news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Corning Incorporated relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Corning Incorporated's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Corning Incorporated alpha.
Corning Incorporated Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Corning Incorporated can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Corning Incorporated Historical Investor Sentiment
Investor biases related to Corning Incorporated's public news can be used to forecast risks associated with an investment in Corning. The trend in average sentiment can be used to explain how an investor holding Corning can time the market purely based on public headlines and social activities around Corning Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Corning Incorporated's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Corning Incorporated and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Corning Incorporated news discussions. The higher the estimate score, the more favorable the investor's outlook on Corning Incorporated.
Corning Incorporated Corporate Directors
| Deborah Rieman | Independent Director | Profile | |
| Daniel Huttenlocher | Independent Director | Profile | |
| Kevin Martin | Independent Director | Profile | |
| Deborah Henretta | Independent Director | Profile |
Additional Tools for Corning Stock Analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.