about corning incorporated corning (www.corning.com) is one of the world’s leading innovators in materials science. for more than 160 years, corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. corning succeeds through sustained investment in r&d, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. corning’s businesses and markets are constantly evolving. today, corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. they include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissio
![Corning logo](/files/LOGO/24741-GLW.png)
Company profile
Ticker
GLW
Exchange
Website
CEO
Wendell Weeks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Alliance Fiber Optic Products, Inc. • Axygen Bioscience, Inc. • Axygen Holdings Corporation • Axygen, Inc. • Cable Services, LLC • Capricorn Insurance Company • Corning (Hainan) Optical Communications Co., Ltd. • Corning (Shanghai) Co., Ltd. • Corning Automotive Glass Solutions (Hefei) Co., Ltd. • Corning B.V. ...
IRS number
160393470
GLW stock data
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
8 Jul 24
8-K
Regulation FD Disclosure
10 Jun 24
SD
Conflict minerals disclosure
30 May 24
8-K
Regulation FD Disclosure
17 May 24
8-K
Departure of Directors or Certain Officers
6 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Corning Reports First-Quarter 2024 Financial Results
30 Apr 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
8-K
Entry into a Material Definitive Agreement
15 Mar 24
Transcripts
GLW
Earnings call transcript
2024 Q1
30 Apr 24
GLW
Earnings call transcript
2023 Q4
30 Jan 24
GLW
Earnings call transcript
2023 Q3
24 Oct 23
GLW
Earnings call transcript
2023 Q2
25 Jul 23
GLW
Earnings call transcript
2023 Q2
25 Jul 23
GLW
Earnings call transcript
2023 Q1
25 Apr 23
GLW
Earnings call transcript
2022 Q4
31 Jan 23
GLW
Earnings call transcript
2022 Q3
25 Oct 22
GLW
Earnings call transcript
2022 Q2
26 Jul 22
GLW
Earnings call transcript
2022 Q1
26 Apr 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.37 bn | 1.37 bn | 1.37 bn | 1.37 bn | 1.37 bn | 1.37 bn |
Cash burn (monthly) | 138.00 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 533.52 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 831.48 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 6.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
76.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1135 |
Opened positions | 258 |
Closed positions | 103 |
Increased positions | 342 |
Reduced positions | 352 |
13F shares | Current |
---|---|
Total value | 18.07 tn |
Total shares | 657.71 mm |
Total puts | 2.81 mm |
Total calls | 6.46 mm |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 97.45 mm | $3.21 tn |
Samsung Display | 80.00 mm | $0.00 |
BLK Blackrock | 60.05 mm | $1.98 tn |
STT State Street | 32.58 mm | $1.07 tn |
Wellington Management | 29.97 mm | $987.86 bn |
MS Morgan Stanley | 22.55 mm | $743.17 bn |
Geode Capital Management | 17.61 mm | $579.16 bn |
AMP Ameriprise Financial | 17.47 mm | $575.93 bn |
T. Rowe Price | 17.20 mm | $566.94 mm |
JPM JPMorgan Chase & Co. | 16.25 mm | $535.44 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jul 24 | Jaymin Amin | Common Stock | Payment of exercise | Dispose F | No | No | 45.76 | 10,210 | 467.21 k | 87,404 |
10 Jul 24 | Jordana Daryl Kammerud | Common Stock | Payment of exercise | Dispose F | No | No | 45.48 | 10,851 | 493.50 k | 61,965 |
1 Jul 24 | John P Bayne JR | Common Stock | Payment of exercise | Dispose F | No | No | 38.66 | 1,089 | 42.10 k | 1,042 |
1 Jul 24 | John P Bayne JR | Common Stock | Option exercise | Acquire M | No | No | 0 | 481 | 0.00 | 2,131 |
1 Jul 24 | John P Bayne JR | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,650 | 0.00 | 1,650 |
1 Jul 24 | John P Bayne JR | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 481 | 0.00 | 0 |
1 Jul 24 | John P Bayne JR | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,650 | 0.00 | 0 |
28 Jun 24 | Burns Stephanie | RSU Common Stock | Grant | Acquire A | No | No | 38.85 | 863 | 33.53 k | 22,228 |
28 Jun 24 | Blair Donald W | RSU Common Stock | Grant | Acquire A | No | No | 38.85 | 342 | 13.29 k | 48,313 |
News
Beyond The Numbers: 17 Analysts Discuss Corning Stock
26 Jul 24
Morgan Stanley Maintains Equal-Weight on Corning, Maintains $39 Price Target
26 Jul 24
Honeywell, Kinder Morgan, Truist Financial And A Tech Stock: CNBC's 'Final Trades'
24 Jul 24
Rivian Automotive & Baidu Are Among Top 11 Large Cap Stocks That Shined The Brightest Last Week (July 7-July 13): Are The Others In Your Portfolio?
14 Jul 24
Citigroup Maintains Buy on Corning, Raises Price Target to $51
12 Jul 24
Press releases
Corning Expects Second-Quarter Core Sales to Exceed Guidance, with Core EPS at the High End of or Slightly Above Guided Range
8 Jul 24
Corning to Participate in J.P. Morgan 52nd Global Technology, Media and Communications Conference
21 May 24
Corning Announces Quarterly Dividend
2 May 24
Corning Reports First-Quarter 2024 Financial Results
30 Apr 24