Corning Incorporated

GLW

US2193501051

Electronic Equipment & Parts

Market Closed - Nyse Other stock markets 16:00:02 2024-07-15 EDT			5-day change	1st Jan Change
45.76 ^USD	+0.31%		+6.30%	+50.28%

07-12	Citigroup Adjusts Price Target on Corning to $51 From $45	MT
07-10	Corning Strong Q2 Performance Fueled by Optical Sales Due to Early AI Data Center Orders, Oppenheimer Says	MT

Corning Incorporated Updates Earnings Guidance for the Second Quarter of 2024

July 08, 2024 at 07:10 am

Corning Incorporated updated earnings guidance for the second quarter of 2024. The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly above management?s guided range of $0.42 to $0.46.

Latest news about Corning Incorporated

Citigroup Adjusts Price Target on Corning to $51 From $45	07-12	MT
Corning Strong Q2 Performance Fueled by Optical Sales Due to Early AI Data Center Orders, Oppenheimer Says	07-10	MT
Oppenheimer Raises Corning's Price Target to $50 From $40, Outperform Rating Maintained	07-10	MT
US Equities Markets End Mixed Tuesday Even as Fed Chair Powell Says Inflation Improving	07-09	MT
Equity Markets Mostly Rise Intraday After Fed Chair Powell's Comments	07-09	MT
Top Midday Gainers	07-09	MT
US Stocks Shake Off Early Jitters From Powell Remarks Before Congress, Led by Rate-Sensitive Equities	07-09	MT
Corning 'Outperformance' Driven by Optical Upside From GenAI, Morgan Stanley Says	07-09	MT
JPMorgan Adjusts Price Target on Corning to $47 From $43	07-09	MT
UBS Raises Price Target on Corning to $44 From $38, Maintains Neutral Rating	07-09	MT
Deutsche Bank Adjusts Corning's Price Target to $46 From $39, Keeps Hold Rating	07-09	MT
Argus Adjusts Price Target on Corning to $50 From $40	07-09	MT
HSBC Upgrades Corning to Hold From Reduce, Adjusts Price Target to $37 From $29	07-09	MT
Top Midday Gainers	07-08	MT
Morgan Stanley Adjusts Corning's Price Target to $39 From $38, Maintains Equalweight Rating	07-08	MT
Corning Shares Rise After Q2 Core Sales Outlook Boosted	07-08	MT
Fox Advisors Adjusts Price Target on Corning to $50 From $45	07-08	MT
Corning raises second-quarter core sales forecast driven by AI boom	07-08	RE
Corning Incorporated Updates Earnings Guidance for the Second Quarter of 2024	07-08	CI
Deutsche Bank Adjusts Price Target on Corning to $39 From $35, Maintains Hold Rating	07-03	MT
Corning Maintains Quarterly Dividend at $0.28 a Share, Payable Sept. 27 to Shareholders of Record Aug. 30	06-26	MT
Corning Incorporated Announces Quarterly Dividend, Payable on September 27, 2024	06-26	CI
Citigroup Adjusts Price Target on Corning to $45 From $38	06-21	MT
Mizuho Adjusts Price Target on Corning to $42 From $36, Keeps Neutral Rating	06-18	MT
Fox Advisors Upgrades Corning to Outperform From Equal Weight, $45 Price Target	06-17	MT

Chart Corning Incorporated

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Company Profile

Corning Incorporated is the world leader of the production and the marketing of substrata of glass and ceramic of specialty. Net sales break down by market as follows: - telecommunications (29.6%): products of fiber optical, cables, etc. for networks of communication; - electronic large public (26%): glass substrata intended for screens of televisions sets LCD, PC and laptops; - environment (13%): substrata of ceramic and filters intended for systems fight against vehicles emissions; - life science (7.1%): in particular optical biosensors for pharmaceutical research; - other (24.3%): solutions based on plastic and glass of specialty intended notably to the sectors of semiconductors, aerospace, defense, astronomy and metrology. Net sales are distributed geographically as follows: the United States (32.7%), North America (3%), Asia/Pacific (51.5%), Europe (11.3%) and other (1.5%).

Sector

Electronic Equipment & Parts

Calendar

2024-07-30 - Q2 2024 Earnings Release

Related indices

S&P 500

More about the company

Income Statement Evolution

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Analysis / Opinion

Corning's Valuation Covers Expected Near-Term Gains, Fiber Demand Upside, Morgan Stanley Says

June 13, 2024 at 12:51 pm

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Ratings for Corning Incorporated

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

45.76 USD

Average target price

41.89 USD

Spread / Average Target

-8.45%

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Quarterly earnings - Rate of surprise

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