How to buy Corning Incorporated shares

Own Corning Incorporated shares in just a few minutes.

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Corning Incorporated (GLW) is a leading electronic components business with stocks listed in the US. It opened the day at US$40.23 after a previous close of US$40.15. During the day the price has varied from a low of USD40.02 to a high of USD40.975. The latest price was USD40.86 (25 minute delay). Corning Incorporated is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in Corning Incorporated

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Corning Incorporated. Find the share by name or ticker symbol: GLW. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Corning Incorporated reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$43.41, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Corning Incorporated, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Corning Incorporated. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Corning Incorporated share price

Use our graph to track the performance of GLW stocks over time.

Corning Incorporated shares at a glance

Information last updated 2021-06-23.
OpenUS$40.23
HighUS$40.975
LowUS$40.02
CloseUS$40.86
Previous closeUS$40.15
Change US$0.71
Change % 1.7684%
Volume 7,174,296
Information last updated 2021-06-17.
52-week rangeUS$24.4952 - US$46.5634
50-day moving average US$43.6617
200-day moving average US$40.3883
Target priceUS$48.82
PE ratio 30.3328
Dividend yield US$0.9 (2.23%)
Earnings per share (TTM) US$1.3134

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Corning Incorporated stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Corning Incorporated price performance over time

Historical closes compared with the last close of $40.86

1 week (2021-06-17) 3.92%
1 month (2021-05-24) -7.16%
3 months (2021-03-23) 2.48%
6 months (2020-12-23) 12.41%
1 year (2020-06-23) 52.01%
2 years (2019-06-21) 22.89%
3 years (2018-06-22) 43.42%
5 years (2016-06-23) 96.54%

Is Corning Incorporated under- or over-valued?

Valuing Corning Incorporated stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Corning Incorporated's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Corning Incorporated's P/E ratio

Corning Incorporated's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Corning Incorporated shares trade at around 30x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Corning Incorporated's PEG ratio

Corning Incorporated's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1572. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Corning Incorporated's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Corning Incorporated's EBITDA

Corning Incorporated's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$3.3 billion.

The EBITDA is a measure of a Corning Incorporated's overall financial performance and is widely used to measure a its profitability.

Corning Incorporated financials

Revenue TTM US$12.2 billion
Operating margin TTM 14.53%
Gross profit TTM US$4 billion
Return on assets TTM 3.82%
Return on equity TTM 1057.85%
Profit margin 9.89%
Book value 14.413
Market capitalisation US$34.9 billion

TTM: trailing 12 months

Shorting Corning Incorporated shares

There are currently 9.0 million Corning Incorporated shares held short by investors – that's known as Corning Incorporated's "short interest". This figure is 24.3% up from 7.3 million last month.

There are a few different ways that this level of interest in shorting Corning Incorporated shares can be evaluated.

Corning Incorporated's "short interest ratio" (SIR)

Corning Incorporated's "short interest ratio" (SIR) is the quantity of Corning Incorporated shares currently shorted divided by the average quantity of Corning Incorporated shares traded daily (recently around 4.1 million). Corning Incorporated's SIR currently stands at 2.23. In other words for every 100,000 Corning Incorporated shares traded daily on the market, roughly 2230 shares are currently held short.

However Corning Incorporated's short interest can also be evaluated against the total number of Corning Incorporated shares, or, against the total number of tradable Corning Incorporated shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Corning Incorporated's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Corning Incorporated shares in existence, roughly 10 shares are currently held short) or 0.0118% of the tradable shares (for every 100,000 tradable Corning Incorporated shares, roughly 12 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Corning Incorporated.

Find out more about how you can short Corning Incorporated stock.

Corning Incorporated's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Corning Incorporated.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Corning Incorporated's total ESG risk score

Total ESG risk: 24.22

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Corning Incorporated's overall score of 24.22 (as at 12/31/2018) is pretty good – landing it in it in the 24th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Corning Incorporated is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Corning Incorporated's environmental score

Environmental score: 12.41/100

Corning Incorporated's environmental score of 12.41 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Corning Incorporated's social score

Social score: 9.2/100

Corning Incorporated's social score of 9.2 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Corning Incorporated's governance score

Governance score: 11.61/100

Corning Incorporated's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Corning Incorporated is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Corning Incorporated's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Corning Incorporated scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Corning Incorporated has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Corning Incorporated was last rated for ESG on: 2019-01-01.

Total ESG score 24.22
Total ESG percentile 24.32
Environmental score 12.41
Environmental score percentile 5
Social score 9.2
Social score percentile 5
Governance score 11.61
Governance score percentile 5
Level of controversy 2

Corning Incorporated share dividends

56%

Dividend payout ratio: 55.76% of net profits

Recently Corning Incorporated has paid out, on average, around 55.76% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.38% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Corning Incorporated shareholders could enjoy a 2.38% return on their shares, in the form of dividend payments. In Corning Incorporated's case, that would currently equate to about $0.9 per share.

Corning Incorporated's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Corning Incorporated's most recent dividend payout was on 28 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 May 2021 (the "ex-dividend date").

Have Corning Incorporated's shares ever split?

Corning Incorporated's shares were split on a 3:1 basis on 3 October 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Corning Incorporated shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for Corning Incorporated shares which in turn could have impacted Corning Incorporated's share price.

Corning Incorporated share price volatility

Over the last 12 months, Corning Incorporated's shares have ranged in value from as little as US$24.4952 up to US$46.5634. A popular way to gauge a stock's volatility is its "beta".

GLW.US volatility(beta: 1.16)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Corning Incorporated's is 1.162. This would suggest that Corning Incorporated's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Corning Incorporated overview

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers operator-grade distributed antenna systems; optical network evolution wireless platform; subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

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