Corning (NYSE:GLW) Stock Rated “Market Perform” in New Coverage at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of Corning (NYSE:GLW) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a market perform rating and a $140.00 price objective on the electronics maker’s stock.

GLW has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their target price on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. UBS Group restated a “buy” rating and issued a $196.00 price target on shares of Corning in a research note on Wednesday, July 29th. Barclays lowered their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Truist Financial upgraded shares of Corning from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Finally, Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Corning presently has an average rating of “Moderate Buy” and a consensus price target of $174.53.

Corning Trading Up 2.4%

NYSE:GLW opened at $164.20 on Wednesday. The company has a market cap of $141.44 billion, a P/E ratio of 74.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. Corning has a twelve month low of $77.39 and a twelve month high of $271.78. The business has a 50 day moving average price of $153.10 and a two-hundred day moving average price of $167.50. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts expect that Corning will post 3.28 EPS for the current fiscal year.

Insider Buying and Selling at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Herbst Group LLC acquired a new position in Corning in the 2nd quarter worth about $4,474,000. Principal Financial Group Inc. boosted its stake in shares of Corning by 1.2% during the first quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock valued at $121,483,000 after purchasing an additional 10,591 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Corning by 36.2% during the first quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock worth $12,567,000 after purchasing an additional 24,589 shares during the last quarter. Silverlake Wealth Management LLC bought a new stake in shares of Corning during the second quarter worth about $1,872,000. Finally, Atlas Wealth LLC increased its stake in shares of Corning by 137.8% in the first quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock valued at $1,642,000 after buying an additional 6,998 shares during the period. Institutional investors own 69.80% of the company’s stock.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and AT&T signed a $3 billion-plus fiber and cable supply agreement to support U.S. broadband expansion. The deal should improve visibility for Corning’s Optical Communications business as rising data usage and AI adoption drive demand for network capacity. AT&T, Corning Strike $3 Bln-Plus Fiber And Cable Supply Deal
• Positive Sentiment: Truist Financial raised its Corning price target from $175 to $182 and maintained a “buy” rating, implying additional upside based on the referenced price. The upgrade reinforces bullish sentiment around Corning’s fiber and AI-infrastructure exposure.
• Positive Sentiment: Corning’s shares also benefited from broader strength in optical and photonics stocks as investors favored suppliers positioned for AI infrastructure spending. Optical stocks rise on AI infrastructure optimism

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.