Corning upgraded by HSBC Securities with a new price target
$GLW
Telecommunications Equipment
Industrials
HSBC Securities upgraded Corning from Hold to Buy and set a new price target of $60.00 from $51.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2025 | $51.00 → $60.00 | Hold → Buy | HSBC Securities |
| 8/21/2024 | $44.00 → $47.00 | Neutral → Outperform | Mizuho |
| 7/31/2024 | $46.00 | Hold → Buy | Deutsche Bank |
| 7/9/2024 | $37.00 | Reduce → Hold | HSBC Securities |
| 6/17/2024 | $45.00 | Equal Weight → Overweight | Fox Advisors |
| 6/13/2024 | $35.00 → $38.00 | Overweight → Equal-Weight | Morgan Stanley |
| 5/30/2024 | $37.00 → $43.00 | Neutral → Overweight | JP Morgan |
| 5/7/2024 | $36.00 | Neutral | Mizuho |
4 - CORNING INC /NY (0000024741) (Issuer)
4 - CORNING INC /NY (0000024741) (Issuer)
4 - CORNING INC /NY (0000024741) (Issuer)
(1) Fourth-quarter GAAP results: Sales were $3.5 billion, gross margin was 34.2%, operating margin was 11.2%, EPS was $0.36, and operating cash flow was $623 million. Full-year GAAP results: Sales were $13.1 billion, gross margin was 32.6%, operating margin was 8.7%, EPS was $0.58, and operating cash flow was $1.9 billion. Fourth-quarter results exceeded guidance, with record core sales of $3.9 billion, up 18% year over year, and core EPS of $0.57, up more than twice the rate of sales Core operating margin expanded 220 basis points year over year to 18.5% Continued strong adoption of new optical-connectivity products drove 93% year-over-year growth in Optical Communications' Enterpris
Corning® Gorilla® Armor 2 sets a new standard of durability while delivering superior mobile display clarity on the Galaxy S25 Ultra Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. Samsung's Galaxy S25 Ultra devices showcase this revolutionary innovation on their front displays, marking an impressive milestone in mobile display technology. Gorilla Armor 2 is a landmark achievement in glass ceramic technology, combining superior toughness with excellent clarity on a smartphone display.
Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard' target of 20% by the end of 2026 Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to gro
SC 13G/A - CORNING INC /NY (0000024741) (Subject)
SC 13G/A - CORNING INC /NY (0000024741) (Subject)
SC 13G/A - CORNING INC /NY (0000024741) (Subject)
8-K - CORNING INC /NY (0000024741) (Filer)
10-Q - CORNING INC /NY (0000024741) (Filer)
8-K - CORNING INC /NY (0000024741) (Filer)
CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE:GLW) Board of Directors today announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning's Board of Directors, effective June 20, 2023. "Tom brings unique industry knowledge and expertise across technology-driven companies and in Corning's key markets," said Wendell P. Weeks, chairman and chief executive officer. "He will be an excellent asset to our diverse, accomplished, and engaged Board of Directors." Mr. French will serve on the board's Audit Committee as well as its Corporate Responsibility and Sustainability Committee.
CORNING, N.Y., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced the appointment of Edward Schlesinger to executive vice president and chief financial officer, effective Feb. 18, 2022. Schlesinger will report to Wendell Weeks, chairman and chief executive officer, and will succeed retiring CFO Tony Tripeny, whose important contributions throughout his career have made Corning a stronger company. Schlesinger, age 54, will oversee Finance and Investor Relations. His transition reflects a broader plan to develop top talent across Corning globally, best positioning the company to capture an attractive set of long-term opportunities and deliver ongoing value to
CORNING, N.Y., June 29, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced that Pamela J. Craig, former chief financial officer of Accenture plc, has been appointed to Corning's Board of Directors, effective June 29, 2021. "Pamela is an accomplished business leader who brings great financial and operational expertise to Corning," said Wendell P. Weeks, chairman and chief executive officer. "She will provide valuable perspective as we continue advancing category-defining innovations that transform industries and improve lives." Ms. Craig will serve on the board's Corporate Responsibility and Sustainability Committee as well as its Audit Committee. She will hold offic
(1) Fourth-quarter GAAP results: Sales were $3.5 billion, gross margin was 34.2%, operating margin was 11.2%, EPS was $0.36, and operating cash flow was $623 million. Full-year GAAP results: Sales were $13.1 billion, gross margin was 32.6%, operating margin was 8.7%, EPS was $0.58, and operating cash flow was $1.9 billion. Fourth-quarter results exceeded guidance, with record core sales of $3.9 billion, up 18% year over year, and core EPS of $0.57, up more than twice the rate of sales Core operating margin expanded 220 basis points year over year to 18.5% Continued strong adoption of new optical-connectivity products drove 93% year-over-year growth in Optical Communications' Enterpris
Corning® Gorilla® Armor 2 sets a new standard of durability while delivering superior mobile display clarity on the Galaxy S25 Ultra Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. Samsung's Galaxy S25 Ultra devices showcase this revolutionary innovation on their front displays, marking an impressive milestone in mobile display technology. Gorilla Armor 2 is a landmark achievement in glass ceramic technology, combining superior toughness with excellent clarity on a smartphone display.
Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard' target of 20% by the end of 2026 Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to gro
HSBC Securities upgraded Corning from Hold to Buy and set a new price target of $60.00 from $51.00 previously
Mizuho upgraded Corning from Neutral to Outperform and set a new price target of $47.00 from $44.00 previously
Deutsche Bank upgraded Corning from Hold to Buy and set a new price target of $46.00