Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides 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 offers 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. 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.
IPO Year:
Exchange: NYSE
Website: corning.com
| 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 |
| 4/8/2024 | $34.00 → $35.00 | Neutral | UBS |
| 2/1/2024 | $29.00 | Hold → Reduce | HSBC Securities |
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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
HSBC Securities upgraded Corning from Reduce to Hold and set a new price target of $37.00
Fox Advisors upgraded Corning from Equal Weight to Overweight and set a new price target of $45.00
Morgan Stanley downgraded Corning from Overweight to Equal-Weight and set a new price target of $38.00 from $35.00 previously
JP Morgan upgraded Corning from Neutral to Overweight and set a new price target of $43.00 from $37.00 previously
Mizuho initiated coverage of Corning with a rating of Neutral and set a new price target of $36.00
UBS reiterated coverage of Corning with a rating of Neutral and set a new price target of $35.00 from $34.00 previously
HSBC Securities downgraded Corning from Hold to Reduce and set a new price target of $29.00
Corning will supply optical components for Broadcom's Bailly co-packaged optics technology Corning Incorporated (NYSE:GLW), a world leader in glass science and optical physics, today announced a collaboration with Broadcom Incorporated (NASDAQ:AVGO), a leading supplier in the semiconductor field, on a co-packaged optics (CPO) infrastructure that will significantly increase processing capacity within data centers. Corning will supply cutting-edge optical components for Broadcom's Bailly CPO system, the industry's first CPO-based 51.2 terabit per second (TBps) ethernet switch. This combination will deliver significant improvements in optical interconnection density and power savings, making
With Corning's leading-edge manufacturing technology, Corning® Gorilla® Glass Ceramic 2 offers engineered resilience on Galaxy S25 Edge, the slimmest Galaxy S series yet. Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that the upcoming Galaxy S25 Edge will feature Corning® Gorilla® Glass Ceramic 21, a new glass ceramic offering that delivers advanced protection in a new, remarkably thin device form factor. Driven by a shared vision to push the boundaries of mobile engineering, Samsung and Corning joined forces to ensure the premium S series experience balances elegance with resilience. This press release features multimedia. View the full release here: ht
Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2025, to shareholders of record on May 30, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430926457/en/ Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These fo
Company recognizes Musser for 39 years of dedicated service and lasting impact Board of Directors elects Hal Nelson chief operating officer, Lewis Steverson vice chairman, John Zhang chief corporate development officer Senior Leadership Team will help deliver company's Springboard plan and advance long-term value creation and growth strategy Corning Incorporated (NYSE:GLW) today announced that Eric S. Musser, president and chief operating officer, will retire later this year after 39 years of exceptional service across the company. Musser will continue in his current role until his retirement. This press release features multimedia. View the full release here: https://www.businesswire.co
Q1 results exceeded guidance, with core sales up 13% year over year to $3.7 billion and core EPS up 42% year over year to $0.54; core operating margin expanded 250 basis points year over year to 18% Enterprise sales grew 106% on continued strong demand for new products for Gen AI, showing strong progress on 2023-2027 30% sales CAGR Company is accelerating ramp of its U.S. advanced manufacturing assets to meet strong demand for U.S.-made solar products For the second quarter, management expects continued strong year-over-year growth, with core sales of approximately $3.85 billion, and core EPS again growing significantly faster than sales to a range of $0.55 to $0.59 (1) First-quarter GA
Legacy copper networks are no longer the most viable means to deliver the high-speed connectivity that families and communities need to compete, thrive and grow in today's world CHARLOTTE, N.C., April 23, 2025 /PRNewswire/ -- Today, a group of leading telecommunications companies published a strategic paper outlining the advantages of fiber optic, wireless, satellite and coaxial cable technologies for connectivity as copper networks across the country continue to deteriorate and become obsolete. The paper, "Meeting the Needs of Rural Subscribers for Generations to Come," is a collaborative effort among key players in the high-speed internet service ecosystem highlighting the urgency behind t
Unlocking the Future of Indoor Connectivity with a Complete Wireless Portfolio Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced the successful completion of its acquisition of Corning Incorporated's (NYSE:GLW) wireless business. With the acquisition now finalized, Airspan assumes full ownership and operational control of Corning's wireless assets, including its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (RAN) portfolio. The deal also adds valuable intellectual property and strengthens Airspan's team with experienced wireless professionals. To lead this str
End-to-end portfolio features Corning's new Contour™ Flow Cable to help accelerate deployment of high-density data center interconnect networks Corning Incorporated (NYSE:GLW) today launched Corning GlassWorks AI™ solutions, a "one-stop shop" of customized data center products and services to help operators build the dense fiber infrastructure required for generative AI. The end-to-end portfolio provides industry-leading cable and connectivity solutions along with best-in-class network planning, design, and deployment support. Operators face challenges of scale and density in meeting the infrastructure requirements of AI, both inside the data center and in the long-haul networks that conn
New glass ceramic cover material will bring improved drop performance on rough surfaces to more mobile devices. Corning Incorporated (NYSE:GLW) today announced the introduction of Corning® Gorilla® Glass Ceramic, an innovative, transparent, and strengthenable glass ceramic material to help bring advanced toughness to more mobile devices. Gorilla Glass Ceramic significantly improves drop performance on rough surfaces compared to competitive aluminosilicate glasses. The new material expands Corning's portfolio of durable cover materials for OEMs. "Gorilla Glass has built a reputation of strength and resilience, and our new glass ceramic material continues this tradition. Designed to offer e
Company raises 2023-2027 sales CAGR from 25% to 30% in Optical Communications' Enterprise business, driven by continued strong adoption of new Gen AI products for inside data centers Company launches a new Solar Market-Access Platform that is expected to increase sales, profit, and cash flow beginning in the third quarter Management raises first-quarter guidance; now expects sales to exceed $3.6 billion and EPS to come in at the high end of the range of $0.48 to $0.52 (1) In 2024, Corning shared details on its original high-confidence Springboard plan to add more than $3 billion in annualized sales, and to achieve operating margin of 20%, by the end of 2026. The starting point for Spring
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
CORNING, N.Y., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today appointed Roger W. Ferguson Jr., president and chief executive officer of TIAA, to Corning’s Board of Directors, effective April 1, 2021. Mr. Ferguson will serve on the board’s Compensation and Nominating and Corporate Governance committees. He will hold office until Corning’s annual meeting of shareholders in the spring of 2021, at which time he will stand for election to a one-year term. His appointment brings the number of Corning directors to 14. Mr. Ferguson brings to the board extensive financial expertise and significant knowledge of government policy and regulations, along with notable pub
Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2025, to shareholders of record on May 30, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430926457/en/ Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These fo
Company recognizes Musser for 39 years of dedicated service and lasting impact Board of Directors elects Hal Nelson chief operating officer, Lewis Steverson vice chairman, John Zhang chief corporate development officer Senior Leadership Team will help deliver company's Springboard plan and advance long-term value creation and growth strategy Corning Incorporated (NYSE:GLW) today announced that Eric S. Musser, president and chief operating officer, will retire later this year after 39 years of exceptional service across the company. Musser will continue in his current role until his retirement. This press release features multimedia. View the full release here: https://www.businesswire.co
Q1 results exceeded guidance, with core sales up 13% year over year to $3.7 billion and core EPS up 42% year over year to $0.54; core operating margin expanded 250 basis points year over year to 18% Enterprise sales grew 106% on continued strong demand for new products for Gen AI, showing strong progress on 2023-2027 30% sales CAGR Company is accelerating ramp of its U.S. advanced manufacturing assets to meet strong demand for U.S.-made solar products For the second quarter, management expects continued strong year-over-year growth, with core sales of approximately $3.85 billion, and core EPS again growing significantly faster than sales to a range of $0.55 to $0.59 (1) First-quarter GA
New glass ceramic cover material will bring improved drop performance on rough surfaces to more mobile devices. Corning Incorporated (NYSE:GLW) today announced the introduction of Corning® Gorilla® Glass Ceramic, an innovative, transparent, and strengthenable glass ceramic material to help bring advanced toughness to more mobile devices. Gorilla Glass Ceramic significantly improves drop performance on rough surfaces compared to competitive aluminosilicate glasses. The new material expands Corning's portfolio of durable cover materials for OEMs. "Gorilla Glass has built a reputation of strength and resilience, and our new glass ceramic material continues this tradition. Designed to offer e
Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2025, to shareholders of record on February 28, 2025. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform A
(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
Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on December 13, 2024, to shareholders of record on November 15, 2024. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Refor
Management implementing price increases in Display Technologies and expects to deliver segment net income of $900 million to $950 million in 2025, and to maintain net income margin of 25% In Optical Communications, Enterprise sales are expected to grow by more than 40% year over year in the third quarter, driven by the continued strong adoption of new optical-connectivity products for generative AI used inside data centers Company showcases new set of products to interconnect AI-enabled data centers, which support Lumen's build of a new network and mark the first outside-plant deployment of Corning's new gen AI fiber-and-cable system Corning Incorporated (NYSE:GLW) will host a meeting to
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