Zacks Rating on Corning Incorporated (GLW)

Corning Incorporated (GLW) : Zacks Investment Research ranks Corning Incorporated (GLW) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 3.3, which indicates as a Hold.

Corning Incorporated (GLW) : 8 Wall Street analysts covering Corning Incorporated (GLW) believe that the average level the stock could reach for the short term is $18.88. The maximum price target given is $23 and the minimum target for short term is around $15, hence the standard deviation is calculated at $3.28.


Shares of Corning Inc. rose by 0.4% in the last five trading days and 5.45% for the last 4 weeks. Corning Inc. is up 14.41% in the last 3-month period. Year-to-Date the stock performance stands at 26.65%. Corning Incorporated (NYSE:GLW): stock turned positive on Tuesday. Though the stock opened at $22.88, the bulls momentum made the stock top out at $23.01 level for the day. The stock recorded a low of $22.805 and closed the trading day at $22.83, in the green by 0.44%. The total traded volume for the day was 9,692,748. The stock had closed at $22.73 in the previous days trading.

Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.

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