Searching For Real Value In Market Debris At Corning, Inc. (NYSE: GLW)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, GLW falls under the Technology sector while operating within the Electronic Components industry segment. The current market capitalization of Corning, Inc. is $32.93B. A total of 3.29 million shares were traded on the day, compared to an average of 6.06M shares.

In the most recent transaction, Evenson Jeffrey W sold 12,830 shares of GLW for 37.39 per share on Jun 05 ’24. After the transaction, the Exec. VP & Chief Strategy Off now owns 57,280 company shares. In a previous transaction on May 14 ’24, Bell Michael Alan sold 20,152 shares at 35.00 per share. GLW shares that Senior VP & GM, Optical Comm. owns now total 0.

Among the insiders who sold shares, Seetharam Soumya disposed of 23,291 shares on May 09 ’24 at a per-share price of $34.01. This resulted in the Senior Vice President & CDIO holding 50,000 shares of GLW after the transaction. In another insider transaction, Bayne John P JR sold 13,198 shares at $34.00 per share on May 09 ’24. Company shares held by the SVP &GM, Mobile Consumer Elec. now total 0.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Corning, Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 2.91%, and it has a price to earnings (P/E) ratio of 53.88. GLW’s most recent ex-dividend date was 8/29/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 9/27/2024. Previously, the company paid the dividend on 6/27/2024 with an ex-dividend date of 5/31/2024. The GLW stock dividend was $0.28 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GLW has a high of $40.46 and a low of $25.26.

As of this writing, GLW has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 12.0 estimates, with a high estimate of $0.46 per share and a lower estimate of $0.44. The company reported an EPS of $0.45 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. GLW’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $7.83B in debt and $4.81B in liabilities at the time. Its Book Value Per Share was $13.71, while its Total Shareholder’s Equity was $12.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLW is Buy with a score of 3.91.

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