Corning is one of the world's leading innovators in materials science, with a 169-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, and life sciences.

Company profile
Ticker
GLW
Exchange
Website
CEO
Wendell Weeks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Alliance Fiber Optic Products, Inc. • Axygen Bioscience, Inc. • Axygen Holdings Corporation • Axygen, Inc. • Corning (Hainan) Optical Communications Co., Ltd. • Corning (Shanghai) Co., Ltd. • Corning Automotive Glass Solutions (Hefei) Co., Ltd. • Corning B.V. • Corning Display Technologies (China) Co., Ltd. • Corning Display Technologies (Chongqing) Co., Ltd. ...
IRS number
160393470
GLW stock data
News

Looking Into Corning's Recent Short Interest
2 Aug 22
$100 Invested In Corning 20 Years Ago Would Be Worth This Much Today
1 Aug 22
Deutsche Bank Maintains Hold Rating for Corning: Here's What You Need To Know
27 Jul 22
Expert Ratings for Corning
27 Jul 22
Susquehanna Maintains Positive on Corning, Lowers Price Target to $46
27 Jul 22
Press releases
Gladstone Commercial Corporation Executes 5-Year Lease Renewal at Industrial Property in Horseheads, New York
4 Aug 22
Corning Reports Strong Second-Quarter Results Highlighted by Continued Growth and Improved Profitability
26 Jul 22
Corning Announces Quarterly Dividend
29 Jun 22
5G Technologies Could Revolutionize Cloud Computing Capabilities
23 Jun 22
5E Advanced Materials Signs Letter of Intent With Corning Incorporated
6 Jun 22
Analyst ratings and price targets
Current price
Average target
$39.00
Low target
$37.00
High target
$41.00
Deutsche Bank
Maintains
$39.00
JP Morgan
Maintains
$41.00
Citigroup
Downgraded
$37.00
Calendar
29 Jul 22
16 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B |
Cash burn (monthly) | 129M | 57.58M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 202.73M | 90.49M | n/a | n/a | n/a | n/a |
Cash remaining | 1.43B | 1.54B | n/a | n/a | n/a | n/a |
Runway (months of cash) | 11.1 | 26.7 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Aug 22 | John P Bayne JR | Common Stock - Jt. Tenant W/wife | Sell | Dispose S | Yes | No | 36.705 | 5,575 | 204.63K | 7,345 |
18 Jul 22 | France Robert P. | Common Stock | Payment of exercise | Dispose F | No | No | 32.77 | 7,658 | 250.95K | 22,342 |
18 Jul 22 | Schlesinger Edward A | Common Stock | Payment of exercise | Dispose F | No | No | 32.77 | 4,084 | 133.83K | 51,366 |
15 Jul 22 | Jaymin Amin | Common Stock | Payment of exercise | Dispose F | No | No | 33.2 | 10,210 | 338.97K | 78,676 |
30 Jun 22 | Blair Donald W | RSU Common Stock | Grant | Acquire A | No | No | 31.51 | 1,095 | 34.5K | 41,212 |
Institutional ownership, Q1 2022
76.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1155 |
Opened positions | 98 |
Closed positions | 100 |
Increased positions | 442 |
Reduced positions | 398 |
13F shares | Current |
---|---|
Total value | 21B |
Total shares | 649.06M |
Total puts | 3.81M |
Total calls | 7.27M |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 92.75M | $3.42B |
Samsung Display | 80M | $0 |
BLK Blackrock | 54.11M | $2B |
Wellington Management | 33.36M | $1.23B |
STT State Street | 31.79M | $1.17B |
JPM JPMorgan Chase & Co. | 14.75M | $544.28M |
AMP Ameriprise Financial | 14.6M | $538.77M |
TROW T. Rowe Price | 14.56M | $537.3M |
Geode Capital Management | 14.53M | $535.26M |
State Farm Mutual Automobile Insurance | 14.53M | $536.26M |
Financial report summary
?Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
Additionally, chip, ETR, federal, NCI, nonoperational, prolonged, restated, unvested, war, write
Removed:
affiliated, Agency, charge, controlling, initial, iv, jointly, percent, site
Financial reports
Current reports
8-K
Corning Reports Strong Second-Quarter Results
26 Jul 22
8-K
Entry into a Material Definitive Agreement
7 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Corning’s Strong First-Quarter Sales and Improved Profitability Highlight Outstanding Start to 2022
26 Apr 22
8-K
Amendments to Articles of Incorporation or Bylaws
3 Feb 22
8-K
Corning Reports Fourth-Quarter and Full-Year 2021 Financial Results
26 Jan 22
8-K
Corning Appoints Edward Schlesinger Chief Financial Officer
9 Dec 21
8-K
Corning Reports Third-Quarter 2021 Results
26 Oct 21
8-K
Corning Reports Outstanding Second-Quarter 2021 Results, Expects Continued Growth in Third Quarter
27 Jul 21
8-K
Corning Appoints Pamela J. Craig to its Board of Directors
29 Jun 21
Registration and prospectus
S-8
Registration of securities for employees
30 Apr 21
S-3ASR
Automatic shelf registration
4 Dec 20
424B2
Prospectus for primary offering
15 Nov 19
FWP
Free writing prospectus
14 Nov 19
424B2
Prospectus for primary offering
14 Nov 19
424B2
Prospectus for primary offering
6 Aug 19
FWP
Free writing prospectus
6 Aug 19
424B2
Prospectus for primary offering
31 Jul 19
S-8
Registration of securities for employees
6 May 19
424B2
Prospectus for primary offering
1 Nov 18
Proxies
DEFA14A
Additional proxy soliciting materials
18 Mar 22
DEFA14A
Additional proxy soliciting materials
23 Mar 21
DEFA14A
Additional proxy soliciting materials
18 Mar 21
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEFA14A
Additional proxy soliciting materials
30 Mar 20
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
29 May 17
UPLOAD
Letter from SEC
12 Apr 17
CORRESP
Correspondence with SEC
6 Apr 17
UPLOAD
Letter from SEC
30 Mar 17
SD
Conflict minerals disclosure
30 May 16
Ownership
4
CORNING / John P Bayne JR ownership change
3 Aug 22
4
CORNING / Edward A Schlesinger ownership change
19 Jul 22
4
CORNING / Robert P. France ownership change
19 Jul 22
4
CORNING / Jaymin Amin ownership change
19 Jul 22
3/A
CORNING / Cheryl C Capps ownership change
8 Jul 22
4
CORNING / Kevin J Martin ownership change
1 Jul 22
4
CORNING / DEBORAH A HENRETTA ownership change
1 Jul 22
4
CORNING / Roger W. Jr. Ferguson ownership change
1 Jul 22
4
CORNING / ROBERT F CUMMINGS JR ownership change
1 Jul 22
4
CORNING / STEPHANIE BURNS ownership change
1 Jul 22
Patents
Utility
Glass article
16 Aug 22
A glass article includes a glass core layer and a glass cladding layer adjacent to the core layer.
Utility
Apparatuses and methods for heating and cooling glass tubing
16 Aug 22
A muffle for a glass tube forming process includes an inlet end coupled to a bowl, an outlet end having an inner dimension larger than an inner dimension of the inlet end, and a sidewall extending from inlet end to the outlet end.
Utility
Reverse ion exchange process for lithium containing glass
16 Aug 22
A method of reworking lithium containing ion exchanged glass-based articles is provided.
Utility
Apparatus and methods for accurate high-speed marking of optical fibers
16 Aug 22
The apparatus and methods include moving an optical fiber over a fiber path that includes a marking location at which resides a marking unit that dispenses an ink-jet stream.
Utility
Transparent composite film with hard coating, method for forming the same and flexible display device including the same
16 Aug 22
Described herein are articles and methods of making articles, including a transparent composite film having a fiber filler embedded in a polymer network and further including a hard coating.
Transcripts
2022 Q2
Earnings call transcript
26 Jul 22
2022 Q1
Earnings call transcript
26 Apr 22
2021 Q4
Earnings call transcript
26 Jan 22
2021 Q3
Earnings call transcript
26 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q3
Earnings call transcript
27 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
Reddit threads
Milestone today over the 3k/YR
2 Aug 22
Consolidating portfolio from over 60 down to 20. What would you sell and buy?
26 Jul 22
(7/26) Tuesday's Pre-Market Stock Movers & News
26 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily General Discussion and Advice Thread - July 26, 2022
26 Jul 22
DCA Dividend Investors - what's on the menu this month and why?
25 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Huge Earnings week coming up, wants to hear the subs thoughts
23 Jul 22
A List of Major Earnings for the Week of July 25th through 29th.
23 Jul 22
Most anticipated earnings releases for the week beginning July 25, 2022
23 Jul 22