How to buy Corning Incorporated (GLW) shares in Australia
Learn how to easily invest in Corning Incorporated shares.
Corning Incorporated (GLW) is a leading electronic components business with stocks listed in the US. It opened the day at US$28.91 after a previous close of US$28.79. During the day the price has varied from a low of USD28.76 to a high of USD29.175. The latest price was USD29.16 (25 minute delay). Corning Incorporated is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Corning Incorporated
- Compare share trading platforms. To buy shares in a company listed in the US from Australia you'll need to find a trading platform that offers access to US stock markets. Look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, which will typically include your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Corning Incorporated. Find the share by name or ticker symbol: GLW. Research its history to confirm it's a solid investment that matches your financial goals.
- 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 using consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$28.79, 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.
- 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.
What's in this guide?
- Corning Incorporated key stats
- Compare share trading platforms
- Is Corning Incorporated stock a buy or sell?
- Corning Incorporated performance over time
- Is Corning Incorporated suitable for ethical investing?
- Are Corning Incorporated shares over-valued?
- Corning Incorporated's financials
- How volatile are Corning Incorporated shares?
- Does Corning Incorporated pay a dividend?
- Have Corning Incorporated shares ever split?
- Other common questions
Corning Incorporated stock price (NYSE:GLW)Use our graph to track the performance of GLW stocks over time.
Have Corning Incorporated's shares ever split?
Corning Incorporated's shares were split on a 3:1 basis on 4 October 2000. So if you had owned 1 share the day before the split, the next day you would own 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 shares at a glance
|52-week range||US$25.0157 - US$35.8065|
|50-day moving average||US$28.3604|
|200-day moving average||US$31.9417|
|Dividend yield||US$1.11 (3.88%)|
|Earnings per share (TTM)||US$0.68|
Corning Incorporated price performance over time
|1 week (2023-11-30)||2.35%|
|1 month (2023-11-07)||6.15%|
|3 months (2023-09-07)||-7.49%|
|6 months (2023-06-07)||-8.56%|
|1 year (2022-12-07)||-11.96%|
|2 years (2021-12-07)||-23.72%|
|3 years (2020-12-07)||-22.41%|
|5 years (2018-12-07)||-7.22%|
Compare trading platforms to buy Corning Incorporated shares
Is it a good time to buy Corning Incorporated stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.
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 42x. In other words, Corning Incorporated shares trade at around 42x 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 1.2737. 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$2.7 billion (£2.1 billion).
The EBITDA is a measure of a Corning Incorporated's overall financial performance and is widely used to measure stock profitability.
Corning Incorporated share price volatility
Over the last 12 months, Corning Incorporated's shares have ranged in value from as little as US$25.0157 up to US$35.8065. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Corning Incorporated's is 1.065. 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 financials
|Revenue TTM||US$13 billion|
|Operating margin TTM||7.09%|
|Gross profit TTM||US$4.8 billion|
|Return on assets TTM||2.92%|
|Return on equity TTM||5.57%|
|Market capitalisation||US$24.6 billion|
TTM: trailing 12 months
Corning Incorporated share dividends
Dividend payout ratio: 62.92% of net profits
Recently Corning Incorporated has paid out, on average, around 62.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.88% 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 3.88% return on their shares, in the form of dividend payments. In Corning Incorporated's case, that would currently equate to about $1.11 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 15 December 2023. The latest dividend was paid out to all shareholders who bought their shares by 16 November 2023 (the "ex-dividend date").
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 01/01/2019) 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
|Total ESG score||24.22|
|Total ESG percentile||24.32|
|Environmental score percentile||5|
|Social score percentile||5|
|Governance score percentile||5|
|Level of controversy||2|
Corning Incorporated overview
Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are 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, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. Corning Incorporated was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. The company was founded in 1851 and is headquartered in Corning, New York.
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