Corning Incorporated (NYSE:GLW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Corning Incorporated (NYSE:GLW) have received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $178.6429.

Several equities research analysts have recently commented on the stock. UBS Group reiterated a “buy” rating and set a $196.00 price target on shares of Corning in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price objective on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, China Renaissance began coverage on shares of Corning in a research report on Tuesday. They set a “buy” rating and a $238.00 price objective for the company.

Insider Buying and Selling at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GLW. Atwood & Palmer Inc. bought a new position in shares of Corning in the 2nd quarter valued at about $26,000. Rogco LP bought a new stake in Corning during the second quarter worth about $27,000. Cornerstone Financial Management LLC boosted its position in Corning by 63.3% during the second quarter. Cornerstone Financial Management LLC now owns 196 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 76 shares during the last quarter. First PREMIER Bank bought a new position in Corning in the second quarter valued at approximately $51,000. Finally, Burk Holdings LLC acquired a new position in shares of Corning during the 2nd quarter worth approximately $53,000. Institutional investors own 69.80% of the company’s stock.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Verizon agreement improves revenue visibility: Corning will supply Verizon with more than 80 million miles of high-density optical fiber and related connectivity solutions from 2027 through 2032. The multibillion-dollar agreement supports Verizon’s consumer broadband expansion and network upgrades designed to handle rising AI-related data traffic. Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
• Positive Sentiment: Optical connectivity is being viewed as a key AI infrastructure beneficiary: The Verizon contract reinforces Corning’s strategy to grow its optical communications business and follows other connectivity relationships tied to data centers and AI networks. The announcement also lifted other optical and AI infrastructure stocks. Optical Stocks Surge as Corning Inks Multibillion-Dollar Supply Deal With Verizon
• Positive Sentiment: Analyst coverage added support: China Renaissance initiated coverage with a Buy rating and a $238 price target, implying substantial upside from the referenced share price. China Renaissance coverage report
• Neutral Sentiment: Market backdrop remains supportive but volatile: Corning’s shares had previously fallen significantly in July despite partnerships involving major technology companies, making the Verizon commitment an important new demand signal. The stock’s valuation remains elevated, with a reported price-to-earnings ratio above 50.
• Negative Sentiment: Recent insider activity is a potential cautionary signal: Six insiders, including CEO Wendell Weeks, sold shares during the past six months, while no open-market insider purchases were reported. These transactions do not necessarily indicate a change in business outlook but may temper investor sentiment.

Corning Trading Up 7.4%

Shares of GLW opened at $165.73 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning has a one year low of $71.75 and a one year high of $271.78. The stock has a 50-day moving average price of $160.92 and a 200 day moving average price of $165.80. The company has a market capitalization of $142.76 billion, a P/E ratio of 75.68, a P/E/G ratio of 1.98 and a beta of 1.16.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Sell-side analysts forecast that Corning will post 3.27 EPS for the current fiscal year.

Corning Dividend Announcement

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

About Corning

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.