An Evaluation Of Corning, Inc. (NYSE: GLW) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

GLW belongs to the Technology sector of the NYSE while operating in the Electronic Components industry. The current market capitalization of Corning, Inc. is $37.74B. A total of 6.46 million shares were traded on the day, compared to an average of 7.48M 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.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Corning, Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 2.54%, and it has a price to earnings (P/E) ratio of 61.75. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GLW has a high of $46.39 and a low of $25.26.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.00.

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