Corning Incorporated (NYSE:GLW – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $174.07.
Several research firms have recently commented on GLW. UBS Group reaffirmed a “buy” rating and issued a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. China Renaissance upgraded shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research note on Tuesday, September 8th. Sanford C. Bernstein began coverage on shares of Corning in a report on Wednesday. They issued a “market perform” rating and a $140.00 target price on the stock. Mizuho decreased their target price on Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, September 15th. Finally, The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a report on Tuesday, September 15th.
View Our Latest Analysis on Corning
Key Corning News
- Positive Sentiment: Corning signed a more than $3 billion fiber and cable supply agreement with AT&T. The deal is expected to support U.S. broadband expansion and increase demand for Corning’s fiber capacity as data consumption and AI adoption grow. Can Corning’s AT&T Deal Boost Its Optical Communications Growth?
- Positive Sentiment: The AT&T partnership reinforces Corning’s optical communications growth outlook and provides a sizable source of contracted demand for its fiber and cable business. AT&T, Corning Strike $3 Bln-Plus Fiber And Cable Supply Deal
- Positive Sentiment: Corning advanced alongside Coherent and Lumentum as investors continued rotating into companies positioned to benefit from AI-related connectivity and optical infrastructure spending. Coherent Jumps 10% on PhotonLink Push and Bernstein’s Outperform Start; Lumentum Rises 9%, Corning Advances 3%
- Neutral Sentiment: Sanford C. Bernstein initiated coverage with a “market perform” rating, indicating a balanced view of Corning’s prospects.
- Negative Sentiment: Bernstein assigned a $140 price target, below the recent trading level, suggesting limited near-term upside in the analyst’s valuation framework.
- Negative Sentiment: Pomerantz LLP announced an investigation on behalf of Corning investors. The announcement could create reputational and potential legal uncertainty, although no specific findings or claims were detailed. Investor Alert: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Corning Incorporated
Insider Activity
In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Alliance Wealth Advisors LLC grew its position in Corning by 1.4% during the second quarter. Alliance Wealth Advisors LLC now owns 4,045 shares of the electronics maker’s stock valued at $1,033,000 after acquiring an additional 56 shares during the last quarter. Ares Financial Consulting LLC boosted its stake in shares of Corning by 15.6% in the 2nd quarter. Ares Financial Consulting LLC now owns 444 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 60 shares in the last quarter. Signature Equity Partners LLC grew its holdings in shares of Corning by 19.3% during the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC grew its holdings in shares of Corning by 0.8% during the 1st quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 64 shares during the last quarter. Finally, Balefire LLC raised its position in Corning by 0.7% in the 1st quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after purchasing an additional 65 shares during the period. Institutional investors own 69.80% of the company’s stock.
Corning Stock Up 4.4%
Shares of NYSE GLW opened at $160.50 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning has a 1 year low of $77.39 and a 1 year high of $271.78. The stock’s 50-day simple moving average is $152.75 and its 200-day simple moving average is $167.53. The firm has a market cap of $138.25 billion, a price-to-earnings ratio of 73.29, a PEG ratio of 1.96 and a beta of 1.13.
Corning (NYSE:GLW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Corning’s revenue for the quarter was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts anticipate that Corning will post 3.28 earnings per share for the current fiscal year.
About Corning
Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.
Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.
Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.
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