Corning Incorporated (GLW)
Information Technology8 articles
Price chart
Why is GLW moving today?
-1.7%GLW is -1.7% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 13 hours ago
Corning Incorporated (GLW) overview
Corning makes specialty glass and ceramics, including Gorilla Glass and optical fiber.
GLW is a member of the S&P 500. It sits in the Information Technology sector. That sector covers hardware, software and semiconductor companies driving the digital economy.
Corning Incorporated trades on the NYSE under the ticker symbol GLW. The most recent market data puts the share price at about $138.43. That is down 1.75% on the session. At that price the company is worth roughly $119.24B.
Over the past 52 weeks, GLW has traded between $77.39 and $271.78. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 63.5. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. GLW also pays a dividend. It yields around 0.81% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 13 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch GLW
GLW is one of the larger names in the Information Technology sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each GLW story as it breaks, and tags it bullish, bearish or neutral.
Size matters here as well. The S&P 500 is weighted by market value. GLW is large enough that its own share price nudges the whole index. So it is worth watching even for investors who only hold index funds.
What moves GLW
- Earnings. GLW reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from GLW.
- Sector news. Information Technology stocks often move together, so a rival's news can move GLW too.
- Index weight. GLW is big enough to move the S&P 500 on its own.
Market Mood
Latest GLW news
Corning (GLW) Stock Gains 18% After Verizon's Multi-Billion Deal
Corning Incorporated (NYSE: GLW) stock has risen by 18% over the past week, with a 2.4% increase on Wednesday alone. This surge is driven by a multi-year supply agreement with Verizon (NYSE: VZ) for over 80 million miles of fiber-optic cable, potentially valued at over $420 billion. The contract is set to run from 2027 to 2032, which may significantly boost Corning's revenue, currently at $20 billion annually. Investors should consider the implications of this large contract on Corning's future earnings and stock value.
Read More: Corning (GLW) Stock Gains 18% After Verizon's Multi-Billion Deal
Corning (GLW) Upgraded to Buy by Truist for Valuation Reasons
Truist has upgraded Corning's (GLW) stock rating to 'Buy,' indicating a positive outlook based on valuation considerations. This rating change reflects Truist’s belief in Corning’s potential for growth given its current pricing. Such upgrades may influence investor sentiment and trading activity in Corning shares. This matters for ordinary investors as upgraded ratings often lead to increased stock interest and potential price appreciation.
Read More: Corning (GLW) Upgraded to Buy by Truist for Valuation Reasons
Corning Stock (GLW) Falls 19.4% Despite Strong Earnings and Growth Plans
Corning (NYSE: GLW) shares dropped 19.4% on Tuesday after revealing financial results that missed investor expectations. For Q2, the company reported revenue of $4.51 billion, a 17% increase year over year, and earnings per share (EPS) of $0.64, up 19%. Despite those gains, the third-quarter forecast of $4.9 billion to $5 billion in sales and an EPS of $0.87 did not meet the more aggressive growth outlook some investors desired. The stock currently trades at a P/E ratio of 56, which may be perceived as high in light of expected growth rates. This matters for investors as it reflects market sentiment and valuation concerns over Corning's growth trajectory.
Read More: Corning Stock (GLW) Falls 19.4% Despite Strong Earnings and Growth Plans
Stock Market Today: Dow, Nasdaq Rise Amid Falling Bond Yields
On the latest market day, both the Dow Jones and Nasdaq indices experienced gains, attributed to a decline in bond yields. This creates a favorable environment for equities as investors shift focus to stocks. Key sectors, such as biotech, showed significant performance increases. Corning (GLW) also stood out, indicating positive investor sentiment. Monitoring bond yield trends is essential, as they can influence market direction and investor behavior.
Read More: Stock Market Today: Dow, Nasdaq Rise Amid Falling Bond Yields
Corning (GLW) Partners with Nvidia, Eyes $497.98B AI Market
Corning (GLW) has partnered with Nvidia to enhance its optical connectivity solutions, signaling a strategic shift as tech companies increasingly move towards capital-intensive assets. The partnership grants Nvidia the option to purchase up to 15 million shares of Corning at $180 per share. Analysts forecast that the AI infrastructure market will grow from $75 billion in 2026 to $497.98 billion by 2034. This growth is expected to drive a tenfold expansion in Corning's U.S. manufacturing capacity for optical connectivity, indicating a significant revenue opportunity for the company.
Read More: Corning (GLW) Partners with Nvidia, Eyes $497.98B AI Market
Corning (GLW) CEO Discusses $6B Deals with Hyperscalers
Corning's CEO indicated that ongoing negotiations with two unnamed hyperscalers involve deals larger than the $6 billion agreement previously made with Meta Platforms. This development highlights Corning's expanding influence and business opportunities within the industry, potentially resulting in increased revenue streams. The company's performance could be positively impacted, reflecting the growing demand for their technology in cloud and data centers. Additional details on these agreements will likely affect market perceptions of Corning's future growth prospects and competitive positioning.
Read More: Corning (GLW) CEO Discusses $6B Deals with Hyperscalers
Nvidia (NVDA) Corning Deal Creates 3,000 Jobs in Optical Fiber
Nvidia (NVDA) and Corning are partnering to establish three optical technology manufacturing facilities in North Carolina and Texas, resulting in the creation of at least 3,000 jobs. Corning's U.S. optical manufacturing capacity will increase tenfold due to this deal. Following the announcement, Corning's shares rose 14%, while Nvidia's shares gained nearly 3%. This partnership aligns with Nvidia's ongoing advancement in AI infrastructure and co-packaged optics technology, critical for enhancing data transfer speeds and energy efficiency in AI workloads.
Read More: Nvidia (NVDA) Corning Deal Creates 3,000 Jobs in Optical Fiber
Corning (GLW) Shares Drop After Earnings Report and Market Reaction
Corning Inc. (GLW) reported a decline in shares following its latest earnings announcement. The stock experienced a notable decrease, impacting investor sentiment in the market. Corning's earnings figures and performance metrics indicate a shift in valuation, which analysts will closely monitor. This fluctuation in share price highlights broader implications for investors considering entry points amid the reported challenges faced by the company.
Read More: Corning (GLW) Shares Drop After Earnings Report and Market ReactionMore Information Technology stocks
Frequently asked questions
Is Corning Incorporated in the S&P 500?
Yes. Corning Incorporated trades as GLW and is a member of the S&P 500. The index lists it in the Information Technology sector.
What sector is GLW in?
GLW sits in the Information Technology sector of the S&P 500.
Where can I find the latest GLW news?
Right here. This page collects recent GLW news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Corning Incorporated's stock price?
GLW last traded at about $138.43. Prices move all through the session, so this is the latest quote rather than a live one.
What is Corning Incorporated's market cap?
GLW is worth roughly $119.24B. Market cap is the share price times the number of shares outstanding.
What is GLW's P/E ratio?
GLW trades at a trailing P/E ratio of about 63.5. The ratio compares the share price with earnings per share over the past year.