Corning Incorporated (NYSE:GLW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Corning Incorporated (NYSE:GLW) have been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $178.6429.

Several brokerages have recently weighed in on GLW. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. China Renaissance upgraded Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research report on Tuesday. Morgan Stanley reduced their price objective on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th.

Corning Stock Performance

NYSE:GLW opened at $163.06 on Friday. The company’s 50-day moving average price is $159.22 and its 200-day moving average price is $166.24. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The company has a market cap of $140.45 billion, a P/E ratio of 74.45, a P/E/G ratio of 2.16 and a beta of 1.16. Corning has a twelve month low of $74.60 and a twelve month high of $271.78.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. Corning’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, sell-side analysts forecast that Corning will post 3.27 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s payout ratio is currently 51.14%.

Insider Buying and Selling at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Corning

A number of institutional investors have recently bought and sold shares of GLW. ABS Direct Equity Fund LLC acquired a new position in Corning in the 2nd quarter valued at about $65,000. Sequoia Financial Advisors LLC increased its holdings in shares of Corning by 0.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 61,122 shares of the electronics maker’s stock worth $15,612,000 after buying an additional 449 shares during the last quarter. IPG Investment Advisors LLC increased its holdings in shares of Corning by 18.9% during the 2nd quarter. IPG Investment Advisors LLC now owns 1,821 shares of the electronics maker’s stock worth $465,000 after buying an additional 290 shares during the last quarter. MCF Advisors LLC raised its position in shares of Corning by 4.3% during the 2nd quarter. MCF Advisors LLC now owns 3,505 shares of the electronics maker’s stock valued at $895,000 after buying an additional 143 shares during the period. Finally, Arlington Capital Management Inc. purchased a new stake in shares of Corning during the 2nd quarter valued at approximately $300,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning and Verizon signed a multi-year agreement covering more than 80 million miles of optical fiber and connectivity solutions from 2027 through 2032. The contract provides meaningful long-term demand visibility and supports Verizon’s residential broadband expansion and data-center interconnect plans. Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
• Positive Sentiment: The Verizon deal adds to Corning’s growing list of AI-related commitments with Meta, Amazon and NVIDIA. Investors see the agreements as evidence that optical communications is becoming a more important and less consumer-cycle-dependent growth engine for GLW. Verizon, Corning sign multi-billion dollar fiber deal for AI, broadband
• Positive Sentiment: China Renaissance upgraded its rating on Corning, adding further analyst support following the Verizon announcement. Corning Stock Rating Upgraded by China Renaissance
• Neutral Sentiment: Analyst commentary comparing Corning with Celestica highlights that both companies are benefiting from AI infrastructure spending, but through different parts of the data-center supply chain. The comparison supports GLW’s long-term theme without necessarily creating a new near-term catalyst. Celestica vs. Corning: Which AI Infrastructure Stock is a Better Buy?
• Negative Sentiment: The agreement’s deliveries do not begin until 2027, limiting its immediate earnings impact. Corning also trades at an elevated valuation, with a price-to-earnings ratio near 74, leaving the stock vulnerable to profit-taking, execution delays or slower-than-expected AI spending after its recent surge.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning’s products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.