Corning (NYSE:GLW) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Corning (NYSE:GLW) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Several other research firms have also recently weighed in on GLW. Sanford C. Bernstein assumed coverage on Corning in a research note on Wednesday, September 30th. They set a “market perform” rating and a $140.00 target price for the company. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Weiss Ratings downgraded Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Truist Financial raised their price objective on Corning from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and an average target price of $177.56.

Corning Price Performance

GLW stock opened at $156.62 on Friday. The company’s 50-day moving average price is $155.77 and its two-hundred day moving average price is $168.56. The firm has a market cap of $134.91 billion, a P/E ratio of 71.51, a P/E/G ratio of 2.00 and a beta of 1.13. 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 has a 12 month low of $77.39 and a 12 month high of $271.78.

Corning (NYSE:GLW) last issued 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 company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, analysts anticipate that Corning will post 3.28 earnings per share for the current fiscal year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s dividend payout ratio is currently 51.14%.

Insider Buying and Selling at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of Corning stock in a transaction on Friday, August 28th. The shares were 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 owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of Corning

A number of institutional investors have recently bought and sold shares of GLW. Atwood & Palmer Inc. acquired a new position in shares of Corning in the 2nd quarter valued at about $26,000. Rogco LP acquired a new stake in Corning during the second quarter worth approximately $27,000. Toth Financial Advisory Corp increased its holdings in Corning by 130.7% in the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 98 shares in the last quarter. Quintet Private Bank Europe S.A. lifted its stake in Corning by 220.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 240 shares of the electronics maker’s stock valued at $37,000 after buying an additional 165 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. lifted its stake in Corning by 40.5% in the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 434 shares of the electronics maker’s stock valued at $38,000 after buying an additional 125 shares during the period. 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: AI infrastructure demand is a key bullish theme. Analysts identify Corning’s optical fiber and communications components as beneficiaries of expanding data-center and high-speed networking investment, with rising backlogs potentially supporting future revenue growth. Buy GLW and CIEN to Gain More on AI Communication Component Space Rally
• Positive Sentiment: Growth-focused coverage continues to highlight Corning as a long-term opportunity because of its specialized glass and optical-fiber businesses serving major technology customers. Its recent earnings also showed strong momentum, with revenue up 17.1% year over year and earnings exceeding estimates. Why Corning Is a Top Growth Stock for the Long Term
• Positive Sentiment: Truist raised its price target on GLW from $175 to $182, signaling increased confidence in the company’s outlook. Corning also declared a $0.28 quarterly dividend, maintaining shareholder returns, although the indicated yield is modest at approximately 0.7%. Truist Raises Target for Corning
• Neutral Sentiment: Investors are awaiting Corning’s third-quarter 2026 results and guidance for evidence that AI-driven demand is translating into sustained growth. The company previously guided to third-quarter EPS of $0.85–$0.89. Corning Q3 2026 Earnings Expectations
• Neutral Sentiment: Bernstein reaffirmed a Hold rating, suggesting the expected growth may already be reflected in the stock’s valuation. Corning trades at a high earnings multiple, increasing sensitivity to any slowdown or disappointing guidance. Bernstein Reaffirms Hold Rating
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Corning investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk that could weigh on sentiment. Pomerantz Investor Investigation

About Corning

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.