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Corning (GLW)

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
SEC CIK
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

Analyst ratings and price targets

Last 3 months

Calendar

29 Jul 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
76.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1155 1157 -0.2%
Opened positions 98 173 -43.4%
Closed positions 100 113 -11.5%
Increased positions 442 396 +11.6%
Reduced positions 398 361 +10.2%
13F shares Current Prev Q Change
Total value 21B 21.63B -2.9%
Total shares 649.06M 660.91M -1.8%
Total puts 3.81M 3.71M +2.7%
Total calls 7.27M 3.25M +123.9%
Total put/call ratio 0.5 1.1 -54.1%
Largest owners Shares Value Change
Vanguard 92.75M $3.42B +0.7%
Samsung Display 80M $0 0.0%
BLK Blackrock 54.11M $2B +0.7%
Wellington Management 33.36M $1.23B -10.5%
STT State Street 31.79M $1.17B -4.2%
JPM JPMorgan Chase & Co. 14.75M $544.28M +21.9%
AMP Ameriprise Financial 14.6M $538.77M -3.9%
TROW T. Rowe Price 14.56M $537.3M -12.6%
Geode Capital Management 14.53M $535.26M +1.6%
State Farm Mutual Automobile Insurance 14.53M $536.26M 0.0%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -7.57M EXIT
IVZ Invesco 3.94M -4.67M -54.2%
Wellington Management 33.36M -3.91M -10.5%
JPM JPMorgan Chase & Co. 14.75M +2.65M +21.9%
TROW T. Rowe Price 14.56M -2.1M -12.6%
Korea Investment 315.9K -1.62M -83.7%
STT State Street 31.79M -1.4M -4.2%
PRU Prudential Financial 2.03M +1.35M +197.7%
Envestnet Asset Management 3.08M +1.34M +77.1%
Caisse De Depot Et Placement Du Quebec 3.43M -1.3M -27.5%

Financial report summary

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Content analysis

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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